The buildout value of both ventures will be about $1 billion,area brokers and construction industry estimators familiar withcomparable ventures, tell GlobeSt.com.
In the northeast end of the county, Foothills of Mount Dora LLC,the developer of an 11-year-old, planned mixed-use project 28 milesnorthwest of Downtown Orlando, expects to break ground in 2004 on a968-acre tract that will eventually hold 1,000 homes, 180,000 sf ofretail and commercial space and an 18-hole championship golf coursein rural Tangerine, FL, just outside the Mount Dora, FLboundary.
In south Lake County, the hottest commercial/residential/retailhub for the past two years, Center Lake Properties has the greenlight for an estimated 1,500 homes and an unspecified amount ofcommercial on three tracts totaling 730 acres.
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