Recent News About Venetian Bay Town & Country Club – NSB – *Updated 10/15/2016
Venetian Bay Town & Country Club is in Expansion Mode!
Venetian Bay Town & Country Club is New Smyrna Beach’s Premier Master Planned Community; with townhomes, condominiums, golf villas, single family homes and estate homes. Venetian Bay now offers luxurious rental apartment homes as well, 1 bedroom, 2 bedroom, & 3 bedroom. All of the residences in Venetian Bay are just minutes away from Florida’s two most pristine beaches, theaters, art galleries, and many fantastic attractions/venues.
The Messina Luxury Apartment Homes are made up of 84 luxury units within eight buildings in the heart of Downtown Venetian Bay, near the Town Center -Tuscany Square, Just steps away from on-site fabulous dining venues. All of the apartments’ have been rented. Coming soon, there will be an additional 264 Luxury Apartment Homes that will be available for monthly rentals
Venetian Bay offers on-site resort-style amenities, health club/gym, a huge outdoor swimming pool with tiki bar restaurant, a state of the art spa and beauty center, restaurants, ice cream parlor, and more.
The Venetian Bay Community is situated on over 2,100 acres of beautifully landscaped grounds, including miles of walking paths.
Venetian Bay, which currently has approval for up to 2,063 homes, of which over 1,250 have been built thus far. The primary developer has also recently purchased an additional 700 acres for $8.5 million, thereby increasing Venetian Bays home buildout to over 3,063 homes. In addition, there are two Venetian Bay projects currently in the works for this year; the first phase of Fountains East Town Homes which includes 26 units, and Messina by the Lake, which made up of four buildings consisting of up to 282 multi-family residential units. The continual expansion in Venetian Bay is in answer to the new growth and housing demand within Volusia and Flagler Counties. Come explore our vibrant community and tailor a luxurious home or luxury apartment to meet your specific needs. Visit “THE BAY” for a DAY”.
$8.5M purchase adds 700 acres to Venetian Bay community
NEW SMYRNA BEACH — The sprawling Venetian Bay master-planned community here has gotten a lot bigger.
Geosam Capital, the community’s Canadian master developer, recently paid $8.5 million to buy 700 acres at the northwest corner of State Road 44 and Airport Road, next to Venetian Bay’s southern entrance.
The acquisition increases Venetian Bay by one-third to more than 2,100 acres.
The community, just west of Interstate 95, has approvals from the city for up to 2,063 homes, not counting the newly acquired land. Roughly half of the planned homes have been built to date.
12,000 NEW HOMES
A housing boom that has triggered both optimism and concern is about to hit Volusia and Flagler counties, much of it along Interstate 95 where more than 12,000 new homes are under construction or planned.
“I really feel Volusia and Flagler counties are on a launching pad for further growth,” said Scott Vanacore, president of Vanacore Homes in Ormond Beach, a builder with homes under construction in both counties.
After the high-flying boom of the mid-2000s and the deep plunge of the Great Recession, industry leaders are seeing signs this time of a steadier, sustainable pace with more resident-buyers and fewer investors looking to flip homes.
Officials in East Volusia cities say they’ll be ready for the challenges of increased traffic and greater demand for utilities, police and fire. They say planning and tens of millions in new tax revenues will help them handle the road and infrastructure expansion that new residents and commercial development will require.
Luxury apartments open at NSB’s Venetian Bay
NEW SMYRNA BEACH — The first of eight planned buildings at the new 84-unit Messina Luxury Apartment Homes complex at Venetian Bay is now finished and ready for move-in.
“The last time I checked, we had over 30 renters,” said Zachary Bass, a spokesman for Geosam Capital, the New Smyrna Beach project’s developer.
The first building, at 431 Luna Bella Lane, across from Venetian Bay’s Town Center, offers 36 apartments, all two- or three-bedroom units.
A second 36-unit building is set to open July 1, Bass said. Six smaller buildings are also planned.
Rents range from $999 to $1,350 a month, Bass said. One of the big draws, he said, is the amenities that come with the units. All tenants receive free membership to a fitness center that will be open 24 hours a day, seven days a week, as well as to the complex’s pool and tiki bar area.
The project, at the northeast corner of Luna Bella Lane and Medici Boulevard, broke ground in September.
Geosam is the master developer for the 1,425-acre master-planned community, just west of Interstate 95, between State Road 44 and Pioneer Trail.
Realty firm owner got start as part-time agent
NEW SMYRNA BEACH – Pat Collado was a single-mom when she decided to become a part-time Realtor in 1998.
Now, 18 years later, she owns and is managing broker for a growing realty firm with multiple offices and 72 agents.
The main office for Collado Real Estate is at 402 Flagler Ave. in New Smyrna Beach.
“I never thought I would be selling real estate in a small town,” Collado said. “But it seemed like the only thing to do when I had two very small children, where I could take them with me. I was the head of the household. I had a mortgage and bills to pay.”
Collado moved to southeast Volusia County from Westport, Connecticut, in 1989 to help her then-cardiologist husband open a medical office. She then worked in an office for several years.
She knew New Smyrna Beach from her frequent day trips to the beach community while working previously in Orlando for The Herrick Co., a real estate investment firm. She helped set up apartment complexes and retail strip centers around Florida before moving to Connecticut.
After her divorce, Collado considered working at another medical office or managing an assisted-living facility, but neither provided the flexibility she needed to be able to both work and take care of her children.
She earned her real estate sales license and became an agent for a small local realty firm. She sold 32 houses her first year, she said.
She would sometimes bring her children to property showings and closings.
“I figured if I worked harder and smarter I could then mix my life around real estate. I don’t think I slept those first two years,” she said.
The work generated positive results. She soon was recruited to become an agent for a franchisee of a national company. After five years she decided to start her own independent realty firm.
“I had had enough of the corporate environment and did not want to do it anymore,” she said. “I was paying $5,000 to $7,000 a month to rent my small office space and in fees. I figured I could pay my own mortgage, hire a manager and run my own business on that.”
Pat Collado Real Estate started in 2005 in a small building Collado bought at 105 N. Cooper St. in New Smyrna Beach. Collado hired Beth Graves to be managing broker and recruited a handful of agents.
The firm’s name was changed to Collado Real Estate in 2007. Collado then bought the 402 Flagler Ave. property. The former 1920s-era pump house for the local fire department was renovated and expanded. It became a real estate office in 2013. The Cooper Street office is now the firm’s property management and rental center.
Collado Real Estate also has offices in Port Orange as well as at the town center for New Smyrna Beach’s Venetian Bay community.
Port Orange and Winter Park locations were opened to accommodate agents who wanted to be affiliated with Collado’s firm but did not live near New Smyrna Beach, Collado said.
Part of the firm’s success is based on teamwork, which Collado said she encourages among her agents. She added that she also doesn’t charge many of the fees charged by franchise firms.
“If an agent is sick and has a showing, someone else steps in and that buyer is shown the house,” she said.
Besides brokering residential properties, the firm handles land and commercial property transactions. It also manages and rents residential properties.
Collado also is half owner of Causeway Construction Co. with Scott Yurchison, a licensed general contractor and real estate agent. The construction company was formed in 2011 when Yurchison was remodeling the former pump house. The construction office at 202 Flagler Ave. is also a real estate office.
Collado’s two children are both now adults who work as licensed agents with her firm: Gabriella, 27, and Max, 22.
———————————————————————————————Venetian Bay Developers set to break ground on more projects
NEW SMYRNA BEACH — Housing starts are on the rise in Volusia and Flagler counties, and one of the hotbeds for new home construction has been New Smyrna Beach’s Venetian Bay.
The sprawling 1,425-acre community — west of Interstate 95, between State Road 44 and Pioneer Trail — was the site of 140 housing starts last year, according to Martin Pham, vice president of operations for Geosam Capital, the master developer for Venetian Bay.
That was the most of any master-planned community in Volusia County, he said.
Venetian Bay, which is approved for up to 2,063 residential units, was started in 2004 and is now more than half built out, said Pham.
Geosam took over as Venetian Bay’s master-developer in 2012, after acquiring the rights from the Johnson Group.
In September, Geosam — which is based in Halifax, Nova Scotia, Canada — broke ground on an 84-unit apartment complex near Venetian Bay’s Tuscany Square town center. The first units at the Messina Luxury Apartment Homes complex are expected to be ready for move-in by June 1, with the entire complex on track to be completed by summer’s end, Pham said.
Geosam is also set to break ground on two more projects at Venetian Bay this year, both also near Tuscany Square: the first phase of Fountains East Town Homes, which will offer 26 units; and Messina By The Lake, a four-building complex that will offer 282 multifamily residential units.
Venetian Bay also serves as the U.S. headquarters for Geosam, which has development projects throughout the Southeastern United States, including several in Florida.
Pham, Jim Stowers, who became Geosam U.S.’s general counsel earlier this year, and Stephen Wallace, Geosam’s owner’s representative, recently spoke with The News-Journal. The following are edited excerpts from that interview.
How did Venetian Bay wind up becoming your company’s U.S. headquarters?
PHAM: We spent quite a bit of time thinking about where our U.S. headquarters should be — Orlando, Tampa or here. This location is just a short drive to Orlando (and the other parts of Florida where Geosam has developments) and Daytona Beach International Airport offers direct flights to Atlanta (where Geosam is a major residential developer).
Now that it is the U.S. headquarters, how many employees do you have here?
WALLACE: When I came here in November 2014 (after the decision was made), there were only four employees here. Now there are about 20 and we’re actively searching to fill a number of positions.
James, you were previously a partner in a local law firm and are currently a city commissioner in Ormond Beach where you live. When and how did you get hired by Geosam?
STOWERS: I started with Geosam as a land-development counsel in March 2015. I heard through the grapevine that they were looking to hire. I met with them and we all realized it was a good match, with my knowledge of the community and experience as a land-use attorney. I decided to apply when I saw the portfolio of their (real estate) holdings throughout the Southeast. I love what I do as a land-use attorney and saw that this was the opportunity to be at the beginning of this organization (in the U.S.).
Does Geosam have plans for any other developments in New Smyrna Beach?
PHAM: We’re in the permitting process for a development called Coastal Woods, on 850 acres on the northeast corner of I-95 and State Road 44, about 2 1/2 miles east of Venetian Bay, that will offer up to 1,250 homes. We hope to break ground this year on the initial phase that will probably be 250 to 300 homes.
New home construction activity locally is at the highest level since the start of the Great Recession. Do you see that continuing?
PHAM: Yes. We are seeing people relocating from the Northeast, but actually our biggest customer segment (at Venetian Bay) are people who already live in Central Florida that are choosing to relocate to be closer to the beach.
STOWERS: New Smyrna Beach has been and remains popular. There’s a lot of flow of people from Orlando coming here via (State Road) 44. We’ve benefited from that exposure.
PHAM: We’ve had a lot of conversations with the builders here at Venetian Bay who say sales interest is picking up (especially as home prices in Orlando rise).
———————————————————————————————————-Business Magnet: New homes draw commercial tenants to NSB’s Venetian Bay community
NEW SMYRNA BEACH — Four years after selling the family-owned Riverview Hotel and The Spa at Riverview, Katie Kelsey is getting back into the spa business.
She has leased 7,300 square feet of space at the town center for New Smyrna Beach’s Venetian Bay community.
Kelsey plans to use the space for a business called The Spa at Venetian Bay that is set to open in June.
“I never really wanted to leave, but I just had a baby and my mom suddenly died. It being a family business, we got a good offer to sell the hotel and decided it was time take a break,” Kelsey said. “With my non-compete agreement up, I was looking around at a lot of different places to open a spa. I saw the opportunity here with all the growth and the amount of new homes being built. I think a spa is a perfect complement for this community.”
Built in 2004, Venetian Bay Town Center, which had largely been vacant during the Great Recession and the years immediately following the nation’s worst economic downturn since the 1930s, has seen an increase in new tenant signings in recent months.
Within the last year, Amalphi’s Italian Grill, The Happy Deli, Platinum Building & Remodeling and Exit Real Estate Property Solutions have opened in the center that sits in the middle of the large master-planned Venetian Bay community along Airport Road between Pioneer Trail and State Road 44 in New Smyrna Beach.
The Spa at Venetian Bay and Collado Real Estate are in the process of building out leased spaces.
The 42,600-square-foot commercial center, below three floors of the Tuscany Square Condominiums, is now more than 90 percent leased, said Charlotte Smith, the leasing agent with Exit Realty Property Solutions.
Smith is also the exclusive commercial leasing and sales agent for Geosam Capital, Venetian Bay’s master developer.
“I think it’s Geosam really taking control of this place. They have done a tremendous amount of marketing and are working with the builders to increase the momentum,” Smith said. “It was difficult to lease for a while. People said there was no traffic here. But, housing is driving the commercial here.”
Only two units, totaling 3,600 square feet, remain vacant in the town center complex.
The sprawling 1,425-acre Venetian Bay community is approved for up to 1,823 homes. Eleven years after its opening, the community is roughly 60 percent built out with more new homes on the way. Development plans inside and close by the community include the construction of more than 2,000 housing units over the coming two years.
Within Venetian Bay, seven subdivisions have been built out. Another eight sections are more than half built out.
Construction on the community’s first apartment complex, Messina Luxury Apartment Homes, began in October. The apartment complex will add 84 units next to Venetian Bay Town Center.
Another 81 townhomes at Fountains East Townhomes next to the apartments are expected to go up starting in early 2016.
Site work is underway a half mile east of the Venetian Bay Town Center for 191 single-family homes in Verano, a subdivision not originally part of the original master plan. Construction of model homes from approved builders Holiday Builders, Paytas Homes and Platinum Building & Remodeling could start before spring.
Another 204 houses are planned for the community’s San Marco subdivision.
“The rooftops are driving the demand for commercial,” said Martin Pham, vice president of operations for Geosam Capital. “We’ll soon be in the middle of 5,000 rooftops within a three-mile radius. Port Orange is a mess and people want to stay out of there. The town center is a convenient option.”
The housing growth is what attracted Lloyd Gould and his wife Christy Transier to open The Happy Deli in June at Venetian Bay Town Center.
“I was living in The Keys running restaurants and coming to New Smyrna Beach 15 years for vacations. When we moved here last year, we drove around looking for a place to open a deli. We saw the potential here with all the building going on,” Gould said. “It’s been slow and steady growth so far.”
The deli started as a lunch and breakfast place, but Gould recently added a dinner service to accommodate the local residents.
Rooftops mean more business, said Craig Robbins, who bought the former Dippers in October and reopened it in November as Hershey’s Ice Cream at Venetian Bay.
“It brings in more families and that’s what it takes to generate more business. We’re getting the apartments and hope for more houses,” he said. “Venetian Bay has also done a good job of organizing events around the center to bring in traffic and create awareness of what’s here.”
Exit Real Estate Property Solutions opened its Venetian Bay Town Center office last week, where the Geosam Capital office used to be, and plans to lease space to a mortgage lender and an insurance agent. It’s the firm’s third office.
“We’re there because of all the building going on. We want to be where the action is,” said Gina Steger, the firm’s co-owner and broker based in New Smyrna Beach.
The Spa at Venetian Bay will be the center’s largest tenant.
Kelsey said the spa will offer facials, manicures and pedicures, messages and body treatments. The facility will feature men’s and women’s locker rooms, a hot tub and cold plunge pool, steam room, mud chambers, relaxation lounges with salt bricks, seven treatment rooms and couples treatment room.
Kelsey is also leasing a connected space to Boren Beauty, which is relocating the salon from its Flagler Avenue location.
“The center and the community have really come back to life,” Kelsey said. “So many people live out here, including many of our former clients, and more are coming. This area is ready.”