Longwood, FL developer Jay Royall needs a green light from elected officials to break ground on Remington Apartments, a planned 276-unit multifamily project with 17,770 sf of ground-floor retail; a six-story parking garage; swimming pool and spa on a 1.74-acre lot on the east side of north Orange Avenue near the Orlando Sentinel building at 633 N. Orange Ave.

Royall is buying the dirt from Orlando Sentinel Communications Inc., the Sentinel's publisher, for a so-far undisclosed price. But brokers intimate with Downtown land prices tell GlobeSt.com on condition of anonymity the contracted price is about $3.4 million or $1.96 million per acre ($45 per sf).

Orange County real estate records show Sentinel Communications bought the land in 1999 for $3 million or $1.72 million per acre ($40 per sf). The sellers were Vanguard South Partners and Orlando broker Robert P. Hold, acting as trustee.