The targeted development areas are east and south of Orlando International Airport where the next wave of office, industrial, retail, hotel and multifamily ventures will be surfacing within 10 years, architects and land planners who work with property owners tell GlobeSt.com.
Bobby Ginn, a developer with comparable planned projects in Charleston, SC; Naples, FL; Palm Coast, FL; Port St. Lucie, FL; and Lake County, FL is the point man on two of the undertakings near the airport currently being reviewed by the planning council.
Another jumbo project, the 1,209-acre Eagle Creek Development Corp. mixed-use community off Narcoosee Road (County Road 15), is five miles west of Ginn's Central Florida Greeneway (State Road 417) enterprise. Eagle Creek is a wholly owned subsidiary of London-based Emerson International Inc., one of the oldest and largest multifamily builders in Great Britain.
Ginn couldn't be reached at GlobeSt.com's publication deadline, but local subcontractors who have worked with him on projects tell GlobeSt.com Ginn "never heard of the recession word because he's always planning and building five and 10 years down the road."
His first project will be Magnolia Creek near Walt Disney World's Celebration community in north Osceola County. The 2,129-acre spread is slated to have 3,500 multifamily and single-family units; 2,000 hotel rooms; and three championship golf courses. Preliminary site work is scheduled for year end.
On his 1,713-acre Greeneway venture, Ginn and his backers plan 3.5 million sf of office; one million sf of industrial; 450,000 sf of retail/restaurant/other commercial; 3,000 hotel rooms; and 1,200 multifamily and single-family units.
The 1,217-acre Eagle Creek development is being blueprinted for 2,850 multifamily and residential units; 150,000 sf of retail and service space; 50,000 sf of office and at least one 18-hole golf course.
"That's a potful of projects," Dean Fritchen, a senior office-industrial broker in the Winter Park office of Arvida Commercial Realty Services Commercial Division, tells GlobeSt.com. "You have to wonder where all these new residents and businesses will be coming from 10 years down the line."
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