City council members hope Galleria will turn out to be a mini-version of Walt Disney World's Downtown Celebration community in neighboring Osceola County.
Developer Dale Ladd's Highland Realty Co. is demolishing the former South Lake Hospital building and plans to break ground by year end on 45,600 sf of office, 24,600 sf of retail, 14,000 sf of restaurant and 9,000 sf of residential. The project is expected to take three years to complete, area brokers following the venture tell GlobeSt.com.
"Lake County isn't exactly the fastest place in the hemisphere to issue building permits, even though the county generally is considered pro-development," an industrial real estate broker tells GlobeSt.com on condition of anonymity.
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