Contract Signed For Major Regional Development
Jun 22, 2015, 10:00 ET
CORAL GABLES, Fla., June 22, 2015 /PRNewswire/ -- SouthStar Development Partners, Inc. and Family Dynamics Land Company, LLC, have announced that they have signed a contract for the sale and purchase of approximately 1650 acre property known as The Hills, in Minneola, Florida which is within metropolitan Orlando.
The property is entitled for 3971 residential units, 3 million square feet of retail, office and medical uses. In addition to a pedestrian-friendly Village Center and a regional shopping center, the plans call for multiple neighborhoods, two public schools, civic uses, trails, walking paths and parks.
"The signing of a contract for this important property is extremely exciting for our company," said Kim Woodbury, Executive Vice President of SouthStar Development Partners. "We are looking forward to working with Family Dynamics Land Company, the City of Minneola and Lake County to begin the process of creating a new exciting community for people to live, work and play. We believe this project will provide a new gateway to the entire Orlando area, which is the third fastest growing area in the country."
The Hills is located approximately 20 miles northwest of downtown Orlando and is bisected by the Florida Turnpike. The Florida Department of Transportation will begin work this year on the construction of a full, four quadrant interchange on the property that will open in 2017.
Peter Strimenos, President of Family Dynamics Land Company said, "Our family is pleased and excited to be working with SouthStar Development Partners. Their vision for The Hills matches our own and we look forward to seeing it unfold."
The Hills is envisioned as a major regional destination with all the complementary uses of a self- sustaining community. This includes major retailers, Class A office buildings and medical institutions. The convenient location provides the closest southbound Turnpike interchange to Disney World and access to downtown Orlando. Current traffic counts on this portion of the Turnpike exceed 80,000 vehicles per day.
SouthStar Development Partners, Inc. is based in Coral Gables, Florida. The Company acquires, entitles, develops and markets properties throughout Florida and in selected markets in Texas. Visit www.thehills-minneola.com for more information.
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SOURCE SouthStar Development Partners, Inc.
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