Now, after three years of negotiations, the developer isdropping the tag to $165,000 or $9,167 per acre (21 cents psf).Reason: the developer needs the school to accommodate families inthe 8,000 new townhomes and single-family units planned on theformer Orlando Naval Training Center site in east Orlando.
The deal isn't in writing yet and hasn't been approved by theschool board. However, realtors familiar with the project tellGlobeSt.com the deal will be done by yearend. The property is at801 Glenridge Way in Winter Park, an affluent Orlando suburb.
Although the school board may be getting the dirt at a bargainprice, construction of the new two-story, Glenridge Middle Schoolis estimated at $22 million, or about $16,296 per student for the1,350 anticipated students.
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