Clermont is a bedroom community of 16,208 permanent residents,many of whom commute daily to jobs in Orlando, 25 miles east ofClermont and to Walt Disney World's 30,000-acre enclave in LakeBuena Vista, FL, 45 miles southeast of Clermont.

Candler, president of Candler Development Co., couldn't bereached at GlobeSt.com's publication deadline to learn whatrestaurants will be built on the land; a tentative ground-breakingdate; or what he paid Wal-Mart for the land.

But area industrial real estate brokers familiar with Clermont'sfast-developing commercial community, tell GlobeSt.com on conditionof anonymity the price was at least $78,125 per acre or $1.80 persf. Wal-Mart's recorded price at Lake Country real estate recordswas $2.3 million or $71,875 per acre ($1.65 per sf) when theBentonville, AR retailer bought the property in 1999.