Design work on a $17 million, 5.4-mile connector road, linking main transportation arteries to the south Orlando property, begins this week. ICP is donating land and engineering expertise for the four-lane right-of-way that will extend Alafaya Trail through the site to the Martin Anderson Bee Line Expressway.

Permitting and construction of the road will take three years but selling prime pieces of dirt inside the park is already under way. The connector is key to the park's long-range development plans and ultimate success, ICP broker Sam Evans tells GlobeSt.com.

"I have just finished talking long-distance with an international manufacturer" for one of the tracts, says Evans. "Interest is high." Already booked for a construction start this year is Orlando-based Correct Craft Inc.'s planned 300,000-sf boat factory and new headquarters; and a 200,000-sf distribution center planned by Sierra Stone Inc. of Dallas.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
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.