The planned venture is one of the largest of its kind in Florida, according to the state's Department of Community affairs, which also played a role with Stock in settling the residential component's size of the project.
Pruitt initially sought approval for 15,000 multifamily and single-family units. The city argued 7,500 units would be its top number. The state wouldn't go over 6,000 units. When the talks ended Sept. 23, Pruitt wound up with 7,500 to 8,300 units.
"The 7,500 units are pretty close to the (minimum) 9,000 number we need to be at" to make the project profitable, Pruitt's Mount Dora, FL lawyer Bruce G. Duncan told GlobeSt.com in a telephone interview in July.
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