Regional Development/Lake Hart LLC of Orlando has purchased a three-parcel, 174-acre tract on the south side of Moss Park Road in the commercially hot Lake Hart hub for $7.25 million cash or $41,667 per acre (96 cents per sf). The Lake Hart PD site is about 15 miles west of the 30,000-acre Walt Disney World empire.
The new owners couldn't be reached at GlobeSt.com's publication deadline to learn of a ground-breaking date. But land brokers familiar with the south Orlando market tell GlobeSt.com actual development will probably start in early 2005.
Orange County commissioners formally approved the project in January 2000. The site is east of Narcoossee Road (County Road 15) and south of the Central Florida GreeneWay.
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