Jaymor Group Submits Application For Two Waterfront High-Rises In Daytona Beach

Daytona Gateway Marina, Courtesy of the Jaymor Group.

Applications have been submitted to the Federal Aviation Administration for the development of the 11.3-acre Daytona Gateway Marina project, which is comprised of two mixed-use high rise buildings and a 138-slip marina at 135 East International Speedway Boulevard in Daytona Beach. The buildings would rise 415-feet and 417-feet, or 422-feet and 425-feet above sea level, and will include 550 luxury residences, a boutique hotel, retail and restaurant spaces, and space to accommodate vessels ranging from 40 to 150 feet as well as dry storage for up 250 boats. The Jaymor Group is the owner behind the applications.

Application for the West Tower. Courtesy of the FAA.

Application for the East Tower. Courtesy of the FAA.

135 East International Speedway Boulevard. Courtesy of Google Maps.

Back in August 11, 2021, the developer refinanced the waterfront site wiyh a $19 million loan from LV Lending, a local private lender focused on bridge loans for commercial and residential investment properties and developments. According to the lender, the funds will also be used towards the pre-development costs and construction of the marina. Financing was arranged by by Camilo Niño, Ricardo Uribe and Alen Hernandez of LV Lending on behalf of the borrower, Daytona Bluetide Group Limited Partnership, an affiliate of The Jaymor Group.

Additional details on the towers are not yet public, but based on the heights being requested, we could see the development of 30+ story towers along the Halifax River. Both applications were submitted on November 18, 2021.

According to the applications, construction on both towers would begin on May 1, 2022 upon approval, and wrap up on October 1, 2023.

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