In its latest foray with local government representatives, the world's biggest company was shot down by a 4-1 vote of council members in Oviedo, FL, an Orlando suburb in nearby Seminole County. Oviedo officials refused to give Wal-Mart more time to prepare its pitch.
Area brokers familiar with Wal-Mart's land requirements tell GlobeSt.com on condition of anonymity the Arkansas company already is looking for new development sites in the Central Florida Greenway axis, one of the fastest-growing retail corridors in Central Florida.
The company wanted to build an estimated $15 million store on the northwest corner of State Road 426 and Red Bug Lake Road. Nearby are operating Home Depot and Target stores and the 900,000-sf Oviedo Marketplace mall, a Rouse Co. development.
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