In very recent weeks two large purchases have been made, readying the table for two very large mixed use commercial developments to come out of the ground.
The first, on the corner of U.S. #17-92 & Poinciana Boulevard, is some 37 acres in size and will will hold about 150,000 square feet of office space and nearly 300,000 square feet of retail and restaurant space. Value of this project to be in the $100 million dollar range.
The second, on Poinciana Boulevard just north of the CSX Railroad tracks on the west side is approximately 36 acres in size and will feature between 500,000 to 600,000 square feet of retail, office and office warehouse space. In essence it will be a commercial park with site development slated to begin late this year. Value of this project to be in the $50 to $60 million dollar range.
The developer is solid and has been building projects of this nature in Central Florida since the late 1970’s.
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