Latitude Margaritaville to include grocery store and Buffett-owned restaurant

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From News Journal Online: “Grocery store, Jimmy Buffett-owned eatery coming to LPGA” (could open by summer 2018)

DAYTONA BEACH — The hot streak for development along LPGA Boulevard continues with the news this week of a grocery store and Jimmy Buffett-owned restaurant coming to the area.

Both are part of a commercial center that could open as soon as summer 2018 as part of the 6,900-home Latitude Margaritaville active adult community that broke ground in March, The News-Journal has learned.

The center will serve as the south entrance to the community, on the north side of LPGA Boulevard, just west of the Tomoka River and Interstate 95.

Singer Jimmy Buffett is a partner in and inspiration for the Latitude Margaritaville 55-and-older community, which is being developed by Minto Communities and Buffett’s Margaritaville Holdings company.

Minto recently sold 38 acres at the south end of the planned community to Sutton Properties for $38 million, which has agreed to develop the commercial center for Latitude Margaritaville.

Sam Sutton, who co-owns Sutton Properties with his brother Robert, said Margaritaville Holdings has committed to being part of the center but has not yet decided which of its restaurants will be located there.

Restaurant chains owned by Margaritaville Holdings include Margaritaville Restaurant, JWB Prime Steak and Seafood, 5 o’Clock Somewhere Bar Grill and LandShark Bar Grill.

Sam Sutton said his company’s plan is to develop “the first (Latitude) Margaritaville shopping center in the country.”

The 200,000-square-foot commercial center will be anchored by both a grocery store, which he said will be 40,000 to 45,000 square feet, as well as the yet-to-be determined Margaritaville Holdings restaurant, which will be 6,000 square feet and will include an outdoor deck.

The eatery will be along a man-made lake that will include a sandy beach to evoke the Margaritaville lifetyle depicted in Buffett’s signature tune of the same name, Sutton said.

The commercial center will be built in two phases. The first will have 80,000 square feet of space and will include both the Margaritaville Holdings restaurant, grocery store and lake, as well as room for other shops and restaurants.

It is expected to open sometime between summer 2018 and early 2019, Sutton said.

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Article source: http://www.buffettnews.com/2017/04/23/26781/