The Orlando and Miami offices of CB Richard Ellis Inc. aremarketing the 482-acre tract for a joint venture ownership oflocally based Brooksville Development Corp. and the estate of thelate Taiwanese investor Ling Kai Kung. There is no asking price andthe property will be sold by a silent mailed bid. Area brokers in aposition to know tell GlobeSt.com the purchase price is expected tobe at least $1 million per acre.

"The site is the only available entitled parcel adjacent to WaltDisney World and Interstate 4," says Jim Rogers, first vicepresident of CBRE Hotels in Miami. The dirt is also only minutesfrom International Drive, the Orange County Convention Center,SeaWorld Adventure Park and Universal Orlando Resort. RobertMcEwan, vice president of CBRE's land and investments group inOrlando is working with Rogers on the listing.

The property is being put on the market again now because theowners feel the hot Lake Buena Vista, FL development hub hasstabilized, Rogers tells GlobeSt.com. He calls the property "atruly unique and outstanding investment and developmentopportunity." The entitlements allow for up to 2,800 hotel rooms,250,000 sf of conference center uses, retail space and a ReesJones-designed 18-hole golf course which has already been laid outand roughed in, the broker says.