Newsletters

GlobeSt.com EXCLUSIVE: Lake Hart Land Sold for $1B Mixed-Use Project Near Disney

ORLANDO-Regional Development/Lake Hart LLC of Orlando pays locally based Daryl M. Carter, trustee, Carter-Lake Hart Land Trust, $7.25 million cash for three parcels on the south side of Moss Park Road. The venture has been in the works for 10 years.

By Alex Finkelstein | Updated on November 05, 2002

ORLANDO-Ten years on the drawing boards, an estimated $1 billion, 817-unit multifamily venture with 820,580 sf of industrial and 261,000 sf of retail/commercial is nearing fruition.

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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

Unlimited access to GlobeSt and other free ALM publications
Access to 15 years of GlobeSt archives
Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
1 free article* every 30 days across the ALM subscription network
Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account? Sign In Now

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Resource Center

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Assessment

Sponsored by Cherre

Data Management Scorecard: A Health Check for Your Data Management Capabilities and Challenges

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Browse More Resources ›

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Assessment

Sponsored by Cherre

Data Management Scorecard: A Health Check for Your Data Management Capabilities and Challenges

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Browse More Resources ›

Does your data inspire confidence or is there a significant lack of trust in its validity? Use this assessment to gauge where your organization’s data practices are at today and what gaps exist.

Assessment

Sponsored by Cherre

Enabling Stakeholder Confidence in Your Data: A Self-Assessment for Real Estate Organizations

Does your data inspire confidence or is there a significant lack of trust in its validity? Use this assessment to gauge where your organization’s data practices are at today and what gaps exist.

Browse More Resources ›

GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
Exclusive discounts on ALM and GlobeSt events.
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now

Copyright © 2024 ALM Global, LLC. All Rights Reserved.