While some of its commercial developments are experiencing slower demand elsewhere in Florida, Flagler Development Co. is reporting considerable growth within the 960-acre mixed-use industrial development it owns at Northwest 106th Street and Florida's Turnpike in northwest Miami-Dade County.
"Beacon Station has been a solid performer for us," John Carey, Flagler Development's president, tells GlobeSt.com. "We haven't had the slowdown there that we've experienced in other markets. We've basically slowed down spec development in Orlando and Jacksonville."
It appears several factors are fueling the growth at Beacon Station, which over the past few months has attracted a mixture of tenants and property owners like Hughes Supply Inc., the Orlando-based construction materials wholesaler; Trends Manufacturing, a children's fashion merchandiser; All-American Containers Inc., a Miami-based maker of retail, commercial and industrial containers; and Pittway Corp., a subsidiary of New Jersey-based Honeywell International Inc.
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