In other business news: AdventHealth, Intracoastal Bank, Daytona State College.
Jeff Douglas, president of Douglas Property and Development, announced that development for 184 single-family homes in Town Center will begin in March, with 350 apartment condominiums to undergo development in the fourth quarter of 2020.
Douglas said these properties will contribute to his goal of Town Center encouraging the different generations present in Palm Coast to intermingle.
"We get a lot of seniors renting them, and a lot of single people," Douglas said of the coming apartments. "A lot of government workers, a lot of all kinds of working people."
He called the single-family homes "something tighter, smaller and more manageable for seniors. For the families, their family budgets will be better spent on food and other things than on maintaining an 85-foot massive lot."
In other business news:
AdventHealth names Chief Financial Officer
AdventHealth has selected Brent Davis to serve as vice president and chief financial officer for the company’s Central Florida Division – North Region, effective Feb. 3.
Intracoastal Bank announces 2019 results
Intracoastal Bank announced financial results for 2019.
Total assets at Dec. 31, 2019, were $344.3 million up $18 million, or 6%, from $326.3 million at Dec. 31, 2018.
Total deposits at Dec. 31, 2019 were $309.9 million, up 15.6 million, or 5% from $294.3 million , at Dec. 31, 2018.
Total loans at Dec. 31, 2019 were $241.2 million, up 21.6 million, or 10% from $219.6 million, at Dec. 31, 2018.
Net income for the full year 2019 increased by 9% from the full year 2018.
Daytona State College rises to 29th for online bachelor
Daytona State College has moved up four spots to No. 29 in the new U.S. News & World Report rankings for best online bachelor’s programs, the eighth year in a row DSC has earned a spot among the nation’s best in this category.
“This is a reflection of the college’s dedication to continuous quality improvement and is satisfying knowing that our recognition by U.S. News & World Report means our students are getting an exceptional learning experience,” said Dr. Tom LoBasso, DSC president.
Daytona State is the highest ranked school among Florida’s 28 state colleges, and the only one in U.S. News & World Report’s top 50 that is not a state or private university.