It is considered ambitious because the undertaking will comprise1.5 million sf of office, 400 apartments and condominiums and 200hotel rooms, as GlobeSt.com previously reported. The developers areAtlanta-based James F. Jacoby and Michael B. Vlass, principals inAltamonte Springs Investments LLC.
Jacoby is also currently directing the completion of the$2-billion, 138-acre Atlantic Station redevelopment in the Midtowndistrict of Atlanta. That project, like the Altamonte job, is thelargest of its kind ever attempted in metro Atlanta, brokers theretell GlobeSt.com.
"If Jacoby can pull off the Atlantic Station job, which he isdoing, he'll have no problem completing the Town Center projecthere," an Orlando developer not associated with either projecttells GlobeSt.com. Atlantic Station is a redevelopment of a formersteel mill site.
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