Plum Creek Tweaks Development Plan

At a recent county commission meeting, Plum Creek announced they would be resubmitting their development plan in January. The submitted plan details their development goals for 60,000 acres in East Gainesville.

While every effort was made to make the plan as detailed and comprehensive as possible, County Commissioners and residents were left with some lingering questions. Any plan of this size is prone to shortcomings. In an effort to get it right, Plum Creek plans on taking all of the questions and concerns gathered thus far and address them through the resubmission of their plan.

Most of the questions about the plan stemmed from a lack of clarity. With a project proposing so many sweeping implications for an entire region, many people are going through the plan with a fine tooth comb – as they should be. The plan in its current state has been recommended for rejection by the county staff, although the County Commission has not made any judgments. Common questions deal with the following topics: types of jobs created, environmental impact, cohesion with Alachua County’s Comprehensive Plan and specific details for development. As a result, Plum Creek will take an extra three months revising their plan, tailoring it to the communities' needs and addressing the Commission’s questions. 


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Nick Banks

Nick created Front Street Commercial Real Estate Group in 2002 and spent the first eight years developing and acquiring office and retail projects in South Florida as well as North Central Florida. In 2010 the focus of the firm was shifted to primarily serve third party clients and perform brokerage, property management and mortgage banking functions. Nick has personally developed and acquired nearly 200,000 square feet of office and retail properties in markets throughout Florida. Prior to founding Front Street, Nick was the Director of Finance and Dispositions for Stiles Corporation in Fort Lauderdale where he financed and sold over $500 million in commercial real estate. Before joining Stiles, Nick was an Associate Director at GE Capital Real Estate where he sourced over $200 million in financing throughout Florida. Nick is a graduate of the University of Florida with a degree in Finance and a concentration in Real Estate. He serves as a board member and current vice-chair for the United Way of North Central Florida where he also chairs the Development Committee. Nick is actively involved with the Gainesville Area Chamber of Commerce where he serves as a board member and committee member for the Council for Economic Outreach. He is also a recent graduate of Leadership Gainesville which is a year long leadership program hosted by the Chamber. He is a member of Grace United Methodist Church where he has served as finance chair and as a member of the leadership council. Nick serves as an advisory board member of the University of Florida Bergstrom Center for Real Estate Studies. Nick was recently named chair of the Gainesville committee for the North Florida chapter of Urban Land Institute (ULI). He is a licensed real estate broker in the State of Florida and is a long time member of the International Council of Shopping Centers.

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