from GlobeSt (1/14/2008)
Last updated: January 14, 2008 02:57pm
$32M, 120-Acre Land Buy Spurs MXD Project
By Natalie Keith
"ORLANDO-A joint venture of Alpharetta, GA-based Southeastern Investment Properties and Atlanta-based Hendon Properties LLC has acquired 120 acres of commercially zoned land on the northwest corner of the intersection of Beachline Expressway and Semoran Boulevard for $32 million." ...
"The joint venture, referred to as Orlando Gateway LLC, plans to create development opportunities on the property for uses compatible with Orlando’s AC-3 zoning. The zoning, which is the same as that of Orlando’s central business district, permits a wide range of uses, including high- or mid-rise office space, dense residential dwellings, hotels, restaurants and other commercial uses. Plans call for building at least two hotels, up to 1,200 apartment units, 200,000 sf of office space and 140,000 sf of retail and restaurant space." ....
for the complete story see:
http://www.globest.com/news/1073_1073/orlando/167449-1.html
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