Duke Energy has accepted a Kissimmee industrial park into its highly competitive site readiness program.
The 193-acre Central Florida Business Park on Ham Brown Road has been approved for 2,095,500 square feet of office and industrial development. Located just south of the Lowe's Home Improvement distribution center, it is the only Central Florida site brought into the program this year.
Bill Martin, Osceola County's Economic Development Director, said Duke is very selective in the types of properties accepted to the program.
"They've done 187 sites across their six-state region, and only seven have been accepted in Florida," Martin told GrowthSpotter on Wednesday. "I'm assuming our site looks quite good."
The site must be considered "pad-ready" and have agreements in place with local utility providers and governments.
Daniel Blackford, a broker with NAI Realvest, said the industrial park was entitled in the late 2000s, and that Duke's vetting process through consultant McCallum Sweeney was comprehensive.
"It was a three-ring binder full of documentation as to the status of the site," he said.
Martin said 20 sites in the program have won major projects for a total of 4,200 jobs and $3.2 billion in new capital investment.
Duke executives will join city and county officials for an informational meeting at Tupperware World Headquarters at 9 am Thursday to discuss the program.
"With Duke's exposure, it take the awareness of the opportunity to a level I'm excited about," Blackford said.