Clermont is a bedroom community of 16,208 permanent residents, many of whom commute daily to jobs in Orlando, 25 miles east of Clermont and to Walt Disney World's 30,000-acre enclave in Lake Buena Vista, FL, 45 miles southeast of Clermont.
Candler, president of Candler Development Co., couldn't be reached at GlobeSt.com's publication deadline to learn what restaurants will be built on the land; a tentative ground-breaking date; or what he paid Wal-Mart for the land.
But area industrial real estate brokers familiar with Clermont's fast-developing commercial community, tell GlobeSt.com on condition of anonymity the price was at least $78,125 per acre or $1.80 per sf. Wal-Mart's recorded price at Lake Country real estate records was $2.3 million or $71,875 per acre ($1.65 per sf) when the Bentonville, AR retailer bought the property in 1999.
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