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Tag Archive: Marion County

West Ocala to have $60 Million of Upgrades

The West Ocala Community Redevelopment Area will see $60 million pumped into the area over the next 30 years. The program will bring upgrades and aesthetic improvements that the area has needed for decades.

“I believe that the West Ocala is long overdue, and although it will be slow moving in the beginning, it will allow the compounding of dollars to help towards future projects,” Ocala City Council President Jim Hilty wrote in an email.

Over the next three decades the funds will be aimed at projects including beautification of the State Road 40, Pine Avenue, Martin Luther King Jr. Avenue, State Road 200 and U.S. 27 gateway corridors through West Ocala; upgrades in the historical section; and more housing development in the formerly blighted Busbee Quarters area now known as Phoenix Heights.

These redevelopments come at a good time for Ocala, with house prices finally starting to increase. According to the latest report from Ocala/Marion County Association of Realtors, there has been a 15.6 percent boost on the price of an average single-family home from the previous year.

Moving forward, the city is feeling very positive and hopeful about the proposed changes and improvements. Efforts will be made to reach out to the current residents of the area for their insight and input in order to make Busbee Quarters as great as possible. Nothing but positive change is anticipated for West Ocala.

CrownWorld offer an opportunity to purchase building plots which have full and irrevocable planning permission for residential family homes to be developed on a secure gated subdivision in Ocala. Buyers can confidently take advantage of the upturn in the US real estate market as prices begin to rise but yet still invest in the precious commodity of land. For more information please go to our contact page or email info@crownworld.com and leave your details.

Ocala economy growing faster than national average

The Ocala MSA economy has grown 1/3 faster than the national average each of the last two years according to the US Department of Commerce, BEA. Additionally, in a report for the US Conference of Mayors prepared by IHS Global Insights, the Ocala metropolitan statistical area (MSA) is predicted to have one of the 40 fastest economies in the US in 2015. (more…)

Investment Opportunities in Ocala

Ocala in Florida is well known for its high quality of life yet low cost of living. The beautiful landscape and attractions bring in so many tourists every year; which is why it comes as no surprise that there is an increase of investment opportunities in this area.

The Ocala & Marion County Economic Development Corporation (EDC) have in place a plan to create 1,960 jobs which pay at least 115% of the average wage. The best part is that this is set to be in progress now! (more…)