EVOLVE Business and Professional Magazine August 2018 | Page 40

operates a mall on Cornerstone Blvd., and a few blocks away golf courses. But it wasn’t until a 2004-05 property boom that
Trader Joe’s has opened a distribution center. On the west side developers really started to look at the LPGA Corridor, albeit for
of the I-95, the Daytona International Auto Mall hawks new and a short time. A decline in property prices in 2006 and 2007 began
used cars not far from a new CarMax dealership. Both are poised detering investment as the U.S. economy fell into what would
for more competition as two more dealerships prepare to open. become one of its worst recessions between 2007 and 2009. Duva
TopBuild, a leading national insulation company, has
pulled out of plans for a condo-hotel with a heliport and rooftop
relocated its headquarters to the LPGA Corridor, and Walmart bar and restaurant, and subsequently sold Cornerstone in 2007.
is due to open a Sam’s Club. Publix Super Markets is looking to In 2013, he moved his businesses to a 30,000-square-foot office in
build a 200,000-square-foot grocery store as part of a shopping Ormond Beach.
center there, while Buc-ee’s plans to build a service station
The exit didn’t sour his belief in the corridor’s potential,
with 120 pumps and a supermarket-sized convenience store, though, and when he saw the opportunity to buy back
competing with RaceTrac Petroleum, a chain of gas stations Cornerstone in 2017, he went for it. DuvaSawko was growing out
expanding in the area. German medical products maker B. of its Ormond Beach offices, and the deal allowed them to expand
Braun Medical plans to open a more than 200,000-square-foot and return to a promising area.
distribution center on what will become an industrial
district. Dave & Buster’s is considering a restaurant in
the area.
HAYFIELDS TO BOOM
This is a huge transformation for an area once
dominated by hayfields and timberland, and snubbed
for the prime real estate along the beach.
The development started in the 1980s. Daytona
Beach heard the Ladies Professional Golf Association
was looking for a new headquarters, and it offered
650 acres donated by Consolidated-Tomoka on the
west side of I-95. It is now home to two 18-hole public
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