LEESBURG, FL-This 100-year-old city’s small-town aura, 50 miles west of Downtown Orlando, is slowly vanishing as local property owners, national big-box developers and multiple restaurant chains continue transforming the rural landscape into an urban environment.

The newest $1 billion venture is being proposed by landowner Crayton Pruitt for his 3,443-acre ranch a slingshot away from the hamlet of Okahumpka, FL (Pop. 502), just outside the city limits of Leesburg, FL. (Pop. 16,911).

Pruitt envisions a mixed-use community that would comprise 350,000 sf of retail and a 400-acre industrial park surrounded by 2,750 multifamily and single-family units. The nine-year enterprise would break ground in 2004, conveniently after a new Florida Turnpike interchange is built and operating at County Road 470.

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.