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GlobeSt.com UPDATE: Baldwin Park Sells $76 Mil in Bonds for Infrastructure

ORLANDO-Pritzker Realty Group of Chicago, the managing partner of the $1 billion, 1,100-acre mixed-use development at the city's former Navy base, plans to break ground before Thanksgiving on the 10-year project.

By Alex Finkelstein | Updated on October 08, 2001

ORLANDO-Baldwin Park Development Co. has sold $76 million in industrial revenue bonds and is shooting for a pre-Thanksgiving ground-breaking on its $1 billion, 1,100-acre mixed-used development at the former Orlando Naval Training Center, three miles east of Downtown.

The bonds will pay for the roads, sewers and utilities that will be installed at Orlando’s largest master-planned developments in the last 20 years. Pritzker Realty Group of Chicago, headed by Penny Pritzker, is the managing partner of Baldwin Park Development.

Orlando NTC Partners Inc., the developer’s former name, and Pritzker Group bought the land from the city of Orlando in 1999 for $5.8 million or $5,273 per acre (12 cents per sf).

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