Commercial and retail on the upswing at World Golf Village

August 7, 2008

Commercial and retail on the upswing at World Golf Village

Residential success driving need for commercial and retail services

The growing number of residents in The Neighborhoods of World Golf Village has created a demand for new services and the subsequent flurry of commercial and retail activity in and around the successful St. Johns County community. Earlier this year, a full-service CVS Pharmacy opened at the intersection of International Golf Parkway and SR 16. A Walgreen’s Pharmacy and a 54,000-square-foot Publix with 23,000-square-feet of additional retail space are currently under construction at that same intersection.

Vystar Financial recently announced that they will begin construction of a facility at the International Golf Parkway/SR 16 intersection as well.

“We are so excited about all of the new services for our residents. It has been wonderful having a pharmacy in our backyard,” said World Golf Village resident Sherry Davidson, president of Davidson Realty, Inc. and vice president of Davidson Development, Inc., developers of World Golf Village. “As our resident base continues to expand, we have more and more of a need for these services.”

There are currently 3,300 families living at World Golf Village, with an additional 96 new homes currently under construction. “This doesn’t include our neighboring communities, such as Murabella,” added Davidson. “World Golf Village has paved the way for numerous new communities and those residents also need these services.”

The much-anticipated, 800,000-square-foot Lion’s Gate Mall to be located on the southwest corner of I-95 and International Golf Parkway is expected to be under vertical construction later this year, with construction planned next year on the upscale 1.5-million-square-foot Esplanade at St. Johns mall, which will be patterned after the St. Johns Town Center. Shoppers are also looking forward to the recently announced 90,000-square-foot expansion of the St. Augustine Prime Outlets, which will include a test site for Saks Fifth Avenue.

“We will truly never have to leave home once those malls open. I personally can’t wait,” added Davidson. “The World Golf Village lifestyle is already about as good as it gets.”

Construction will also get underway later this year on the U.S. Veteran’s Hospital and Home to be located at the World Commerce Center across from World Golf Village. Fire Station #16 opened earlier this year and is fully operational and the following new business also recently opened in the Professional Park at World Golf Village: Village Travel & Cruses, Village Pediatrics of St. Augustine and Elite Smile.

For more information on Davidson Realty, call 904/940-5000 or visit http://www.DavidsonRealtyInc.com.

Davidson Realty, Inc. specializes in World Golf Village and surrounding communities. The company’s office is located at 100 East Town Place, Suite 100 at the entrance of World Golf Village with a second location at the entrance of the King & Bear.