TAVARES, FL-A 280,000-sf office building in most metro hubs is not considered extra large but in Lake County, with a total population of only 260,000 permanent residents (750,000 in the winter), the planned $27-million, 150,000-sf expansion of the 130,000-sf Downtown courthouse building here will make it the largest structure of its kind in the county.

County commissioners have approved $4 million for initial architectural and engineering work for the addition which will include a five-story, 900-space parking garage on West Main Street. A construction start date is being determined but area building industry sources tell GlobeSt.com the work will probably start at year end 2005 at the 14-year-old, four-story existing structure.

Commissioners also approved an initial appraisal for an undetermined cost on 230 acres south of Clermont it may buy for a government annex building in the south end of the county. Orlando and Orange County jointly own the 230 acres whose price also hasn’t been determined.

Area industrial brokers, however, tell GlobeSt.com the land, near the scenic Lake Louisa State Park, probably won’t sell for less than $15,000 per acre or a total of approximately $3.5 million. The Clermont site is 25 miles south of the main courthouse in Tavares.

Although the proposed south Lake County government building is still being debated by commissioners, elected officials agreed another property, the 35-year-old Lake County Expo Center and Fairgrounds in Eustis, should be demolished and replaced with a modern, air-conditioned facility with bleachers, a stage and a concession area to attract larger events.

The cost for the new Expo Center and Fairgrounds hasn’t been determined but the county will be using part of the projected $18 million from tourist taxes and library and park-impact fees to help pay for the project.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

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 © 2024 ALM Global, LLC. All Rights Reserved.