News Release 42/11

October 28, 2011

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Downtown Eustis continues to grow

 

Eustis, FL – We are growing and open for business -  and the proof was evident with the ribbon cutting ceremony of the new Wells Fargo Advisors offices on October 27th at the corner of Bay St. and McDonald Ave. in Eustis.  The new two-story building, Fountain Place, located in Historic Downtown Eustis has more than 3,800 square feet per floor, with the ground floor being occupied by Wells Fargo Advisors.  When fully staffed, 10 employees will occupy the ground floor.  The second floor of the new building, with elevator, is available for additional office space.

 

The need for more retail and living space in the downtown has grown considerably since the completion of the downtown streetscape project.   Local builder, Daniel Divenanzo, identified this need and began working with the property owner, Lake Community Foundation, to design a facility that would have a look consistent with the rest of the downtown.  Daniel also worked with the City’s Development Services Department to ensure a smooth and “fast-track” development approval process, and that the project was in keeping with the City’s Downtown Master Plan.

 

“The project was a cooperative effort with the City, Lake Community Foundation, and the building owner,“ said Divenanzo.    “Everything went smoothly from start to finish.”

 

Wells Fargo Advisors has already joined the other downtown businesses in showing their community pride by partnering with the Eustis Art League to have the work of local artists displayed in their spaces. 

 

Growth in Historic Downtown Eustis does not stop with this new building.  Construction of a 3-story building has already begun at the corner of Eustis Street and McDonald Avenue.  Plans for this building include retail shops at ground level with apartments on the 2nd and 3rd floor.

 

“This new construction has revitalized the downtown,“ said Eustis Mayor Michael Holland.   “More people working and living in the downtown core will bring excitement throughout the City and encourage new growth and expansion.”

 

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Fountain Place at Bay St. & McDonald Ave.

Officials from the City, Lake Eustis Area Chamber of Commerce and Wells Fargo Advisors cut the ribbon.

Construction underway on a new 3-story building at Eustis St. and McDonald Ave.

Media contact information:

Richard Hoon

Assistant to the City Manager / Community Relations

Phone:  (352) 483-5430  Email:   hoonr@ci.eustis.fl.us