ORLANDO-It was a win-win-win situation for all the parties, butespecially for Forbes Taubman Orlando LLC Millenia, the developerof the planned 1.3 million-sf Mall of Millenia at the 400-acre,five million-sf Millenia mixed-use development in southwestOrlando.
Orange County real estate transaction records show the threebig-name anchors at the mall–Bloomingdale's, Macy's and NeimanMarcus–bought individual tracts for future stores from Millenia'smaster developer, Orlando Southwest Partners. Bloomingdale's andMacy's did $3 million deals; Neiman Marcus, $2 million.
In reality, however, Forbes Taubman bought an 83-acre tract fromOrlando Southwest Partners for about $19 million or $228,915 peracre ($5.26 per sf).
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