The owner of a potential hotel site at the I-4 - ChampionsGate interchange has begun environmental studies as a prelude to marketing the site for sale.
Fullerton's client, Magnolia Resort LLC, has owned the property since 2000. The Goodman Road site was previously approved for 118 timeshare units, but that Planned Development has long since expired.
"Our wetland study was so old it had fallen out of compliance," Fullerton said. "We needed an updated study to establish the allowable density. Without that data, it's hard for us to take the next step."
Fullerton and AVID Group's Peter Pensa met with Osceola County's Development Review Committee in December to discuss permitting the site for a 150-room hotel with some retail or dining on site. At the time, DRC members raised concerns that the existing road network in ChampionsGate was already over capacity.
Fullerton said the environmental studies should wrap up in about six weeks. At that time, the owner would begin a traffic study.
"He's a passive investor," Fullerton said. "My job is to help him get the property ready to find a buyer who will develop it to the highest and best use."