The development site is just south of the BeeLine Expressway(State Road 528) and just east of the Central Florida GreeneWay(State Road 417). Final approval for the project's planneddevelopment designation is expected by April, city hall sourcestell GlobeSt.com.

City Hall sources didn't have an estimated development cost ofthe three-neighborhood project and Centex officials couldn't bereached by GlobeSt.com's publication deadline. However, areaconstruction sources who have participated in comparable largedevelopments, tell GlobeSt.com the estimated development cost ofthe venture is about $250 million. The construction sources basetheir estimated hard construction cost on about $90,000 per unitfor the residential component; $75 per sf for the retail part; $200per sf for the office sector; about $5 million for the theater; andabout $30 million for related infrastructure, utility and waterhookup costs. About half of the 712 acres are in wetlands and can'tbe developed, city planning staffers confirm for GlobeSt.com.