X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ORLANDO-Suncor Investments Inc. of Heathrow, FL, fresh from the $12.5 million September sale of Shoppes of Lake Mary, is proposing a multi-million-dollar mixed-use venture for Downtown Sanford, FL that would comprise an undetermined amount of condominiums, town houses, office and retail on a one-acre site facing Lake Monroe.

The conceived project would tie in with the city’s $5 million Riverwalk landscaping venture at the port of Sanford. Suncor president Robert Horian couldn’t be reached at GlobeSt.com’s publication deadline.

But area brokers tell GlobeSt.com Suncor is looking for a half-acre donation from Sanford as an incentive to proceed with the project. The site is just west of City Hall facing Lake Monroe.

Elected officials in the city of 33,000 permanent residents, 25 miles north of Downtown Orlando, are expected to review Suncor’s proposal at a public meeting later month.

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

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.