Thursday, September 8, 2016

Eglin seeks developer ideas

Northwest Florida's Eglin Air Force Base is looking for developers with ideas for a 50-acre property in Fort Walton Beach near the Okaloosa County Courthouse. An appraisal found it would be a good location for mixed-use development. Eglin is hosting an Industry Day at 9 a.m. Sept. 28 at the Holiday Inn Resort on Okaloosa Island to provide information about the property with developers, realtors, builders, architects and others. The project follows the successful development of the 152-room, beachfront Holiday Inn Resort by Gulf Breeze-based Innisfree Hotels on Eglin-owned property in 2014. Innisfree shares some of the revenue with the military. Glenn Wagner, director of real estate for the base, said some of the land – Eglin owns more than 460,000 acres – is underutilized and not necessary for the mission. The Holiday Inn Resort was the base's first attempt to partner with private business for development of the unused land and was so successful, Innisfree is building a 175-room Hilton Garden Inn next door, Wagner said. (Source: Pensacola News Journal, 09/07/16)