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Dennis F. Hrzenak
Commercial Mortgage Broker
Dennis F Hrzenak Commercial Real Estate Finance
Listing Details
Marquee 19± Acre Parcel | Lake Mary
TROPHY DEVELOPMENT OPPORTUNITY High Visibility 170,000 Daily Traffic Premier Orlando Location Mixed-Use PD
Type:
Area:
18.9200
Price:
Address:
Lake Mary, FL
Description
Location:
Zoning:
Comprehensive Land Use:
Utility Franchises:
Tax ID / Seller Information:
LOCATION
Southwest quadrant of I-4 and SR 429/SR 417. Newly opened SR 429 interchange with I-4 completes the Beltway around Orlando.
SIZE
18.92± acres
FUTURE LAND USE
HIP-TI (Higher Intensity Planned Development, Target Industry)
ZONING
PD (Piedmont Townpark—North)
MUNICIPALITY
Seminole County
APPROVED USES
Per Piedmont Townpark—North Development Order: 100,000 square feet of Retail Commercial, 800,000 square feet of General Office, & 250 hotel rooms (300,000 square feet). Assume revision needed to approved uses. Multifamily per HIP-TI: 50 units/acre + FAR of 1.5; must be less than 50% of a mixed use project (ancillary use)
NOTABLE
Strategically located at the interchange of I-4, SR 417, and SR 429 completing Beltway around Orlando. The site is north of Colonial Town Park, a mixed-use development with office, hotel, restaurant and retail uses.
It is across I-4 from Seminole Towne Center Mall and Market Place at Seminole Town Center with numerous multifamily communities and amenities. Heathrow mixed-use to the south.
HEIGHT
85’ - commercial/retail
140’ - hotel; office park
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