Businessman and former Seminole County Commissioner Sid Vihlen Jr. plans to develop more than 4 acres he owns on Monroe Road (C.R. 15) in Sanford, has yet to hire a general contractor and aims to break ground this fall.
To be named Lake Monroe Commerce Park, the project will consist of three flex industrial/office buildings of about 8,000 square feet each. Vihlen plans to use local craftsmen and artisans for the work.
"The on-ramp for I-4 that goes to Deltona and Daytona Beach is right across the street from the center of our property," he told GrowthSpotter on Friday. "We have I-4 exposure and Monroe Road exposure. Monroe Road is an alternative route to get over to DeLand, Orange City, DeBary and Deltona. It's very busy, traffic is very heavy."
Located on the northeast corner of Monroe Road and Orange Boulevard, the site is part of a larger tract that Vihlen has owned since the mid-1990s, he said.
In 2012, Vihlen and a co-owner sold a 17-acre portion to Seminole County for an addition to the Central Florida Zoo and Botanical Gardens. The county paid $1.45 million for the land, which was developed into an African safari park.
Vihlen said he still owns 4.4 acres at the site, of which 2.3 acres are developable. He plans to employ a commercial real estate broker, who he declined to name, to market the buildings which will benefit from nearby access to I-4.
Vihlen was born and raised in Sanford. He served on the DeBary City Council and was chairman of the Seminole County Commission in the late 1970s and early 1980s.
Contractors on the project are Orlando-based Tannath Design Inc. and JHR Consultant Inc. of Altamonte Springs.