Palm Coast - The first project in the new Innovation District of Town Center held its groundbreaking ceremony Wednesday at 470 Bulldog Drive.

The Palms at Town Center, located at the southeast corner of Central Avenue and Bulldog Drive, will be an 88-unit apartment complex spanning 9.12 acres that includes a clubhouse, pool, dog park, volleyball area and nature path.

The project is estimated to be completed in 2020.

Developer The Housing Trust Group organized the event to commemorate the historic occasion. Mayor Milissa Holland spoke, as well as representatives from HTG, Chase, Fifth Third Bank, Raymond James and Douglas Property and Development, who are all involved in the development of the property.

"With this new apartment complex and the promise of more development to follow soon, we're on our way to making Town Center a hub for innovation, technology and growth," Mayor Holland said. "Our vision is clear: a mix of high-tech companies, amenity-rich residential areas, the park, cultural arts, coffee shops, entrepreneurs and retail in a walkable neighborhood with well-designed indoor and outdoor spaces."

"We know The Palms at Town Center will serve as a catalyst for more development - to bring in more restaurants, retail and employers."

For more information on the ceremony, contact City of Palm Coast Digital Media Associate Tyler Jarnagin at TJarnagin@palmcoastgov.com and 386-986-3738.

More information on the new Innovation District and the City's Innovation Kick Start Program are available at www.palmcoastgov.com/business/innovation. Or call Wynn Newingham, Head of Innovation & Economic Growth, at 386-986-3779.