X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ORLANDO-Baldwin Park Development Co. plans to break ground by Thanksgiving or sooner on the construction of new roads and sewers for the planned $1 billion, 1,100-acre mixed-use Baldwin Park community that is expected to attract 8,000 new residents at the former Orlando Naval Training Center site, three miles east of Downtown.

It is the biggest in-city development in 25 years.

The city of Orlando has given the property greenfield status which means the developer has successfully met the four conditions necessary for a construction start.

Those conditions entailed the demolition of 250 former dormitories and administrative quarters; the management and disposition of the asbestos and lead-based paint in the demolition areas; remediation and removal of the arsenic from the soil on the former golf course; and recycling the demolished buildings by using the crushed concrete aggregate for a filtration trench.

The greenfield status program took 16 months and included the removal of 4.5 million sf of buildings, 25 miles of roads and walls, and 200 miles of underground utilities.

“The land is (now) ready to be lived on,” David G. Pace, the development’s managing director says in a prepared statement. The developer is starting to sell land parcels to residential and commercial builders.

Baldwin Park will comprise a 350,000-sf retail town center; 1.5 million sf of office; 3,000 single and multifamily residential units; two schools; and three parks totaling 200 acres. An estimated 8,000 residents occupying 5,000 jobs will live at Baldwin Park at buildout in 10 years, the developer projects.

Construction on the first residential phase and the Village Center is scheduled to begin in spring 2002. Baldwin Park’s architectural motif will be reminiscent of pre-1940s Central Florida, emphasizing pedestrian-friendly neighborhoods.

Baldwin Park Development Co. is the new name for Orlando NTC Partners Inc. Pritzker Realty Group of Chicago, headed by Penny Pritzker, is the managing partner. The development group bought the 1,100 acres from the city of Orlando in 1999 for $5.8 million or $5,273 per acre (12 cents per sf).

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. Apartments 2020Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.