Legacy Partners JV to Build 350-Unit Florida Property

The community will come online on the site of a former Macy's in Daytona Beach.

Legacy Daytona. Image courtesy of Legacy Partners

The joint venture of Legacy Partners and Griffin Capital Co. is one step closer to breaking ground on Legacy Daytona, a 350-unit community in Daytona Beach, Fla. The partners have purchased the 10.2-acre development site—the former Macy’s parcel at Volusia Mall—for $10 million. The seller was Urban Story Ventures, which had acquired the lot in 2020.

Designed by Zyscovich Architects, the project will include private detached garages, while apartments would feature smart technology packages. Common-area amenities are slated to incorporate a fitness center, heated saltwater pool, yoga and spin studio, dog park and pet spa, as well as an outdoor living room and top-floor sky lounge.

The community will rise four stories at 1700 W. International Speedway Blvd. adjacent to Volusia Mall, a shopping destination featuring more than 1 million square feet of retail, dining and entertainment options. The property is also roughly 3 miles from downtown Daytona Beach and less than 1 mile from the Daytona Beach International Airport. The Daytona International Speedway racetrack is also within walking distance.

Since its inception in 1968, Legacy Partners has developed more than 78,000 units across the U.S. According to Yardi Matrix information, the firm currently owns more than 6,900 apartments, both completed and in various stages of development, in California, Colorado, Florida, Oregon, Texas, Washington and Wyoming.

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