Beachwalk Shopping Centre shopping center property
Initial Offer : $790,268
Final recovery: $3,500,000
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Case Notes
- Taking by the State of Florida Department of Transportation of 30,872 square feet from 8.88 acre improved shopping center property along Front Beach Road and Thomas Drive in Panama City, Bay County.
- Taking resulted in placement of property on drastically inferior one-way frontage road system due to construction of elevated by-pass and flyover, together with a system of "Texas U-turns," to facilitate high speed, non-stop traffic.
- Taking resulted loss of immediate access, requiring drivers to turn 2,550 feet (westbound drivers) and 3,900 feet (eastbound drivers) prior to reaching the property.
- Taking eliminated 46% of visibility (eastbound drivers) and 39% of visibility (westbound drivers) of property.
- Taking and its impacts reduced the remainder to a less intense commercial use.
- The Department did not value all severance damages resulting from the taking, including the inferior access and the loss of visibility.
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