How about an update on the shopping plaza that was going to be built at (Highway) 85 and [Live Oak Church Road]? The land had the sold sign up for the last couple of months by Berkshire Hathaway. We saw today the land is back up for sale again by a new company. – Angela Harman, Crestview
The South Crestview property in question was originally owned by Berkshire Hathaway after they acquired it in a foreclosure. The land was sold to a company that recently backed out, according to Harry Bell, the commercial broker for Berkshire Hathaway.
“The people that we originally had it contracted to did have plans to do a shopping center there,” Bell said. “They ended up pulling out and we sold it to another private party, and they are planning to do a convenience store, I believe, and then they were going to sell off the remaining out parcels.”
The property is located on South Ferdon Boulevard, between Live Oak Church Road and the Crestview welcome sign. It is now owned by One Commercial Property.
Michael Whitfield, the agent in charge of the land, was attending a real estate convention in Las Vegas when a News Bulletin reporter called. He said that he can’t yet confirm what is going to be built on the property.
“A lot of the property is going back on the market...,” Whitfield said. “That is why I’m here (at the convention) because I’m marketing retailers right now.”
Whitfield said he plans to share more information once he returns to Florida and has a better idea of what will be done with the property.
WHAT THIS MEANS TO YOU
The shopping center originally planned for South Crestview on Ferdon Boulevard will not be built; however, a convenience store may be on the horizon, with the possibility of several other retailers buying parcels of the property.