A family owner and developer of 67 acres of pasture land in northeast Sanford expects to start horizontal site work by December for a light industrial park, and is seeking general contractor bids for the phased work.
Based at 475 N. Cedar Road, the property lies north of Narcissus Avenue, south of Rand Yard Road, and near Interstate 4 and S.R. 17 46 (W. First Street).
Chris Kelley, owner of Rand Farms LLC and whose family has owned the land for more than 80 years, first introduced plans for the phased project known as NorthPort Industrial Park in March 2016.
Kelley said the project has already cleared city zoning and subdivision approvals, and is awaiting Sanford's review of engineering plans. He also filed permit requests last week with the St. Johns River Water Management District.
Meanwhile, the firm is collecting bids from general contractors for the horizontal infrastructure.
"Once we select a contractor, we can start putting in streets," he told GrowthSpotter. "I'm hoping that will happen in the fourth quarter. The hurricane sort of slowed us down, but we think the hurricane is not going to affect us like it would a home contractor."
Kelley said horizontal site work is projected to start by Dec. 1, which he estimates at $2.5 million with a duration of six to eight months. Civil Engineer on the project is John Herbert of American Civil Engineering Co. in Winter Springs.
The park will be designed for the development of up to 650,000 square feet of light industrial space across an estimated 25 to 30 buildings. Preliminary site plans show lots ranging from 0.66 acres to 7.22 acres. Larger parcels, however, can be configured for larger buildings, additional outdoor storage and lay-down.
Kelley's land owner entity will develop lots on spec as well as build-to-suit orders. Other lots will be sold to companies that want to handle vertical construction themselves. David Hammett with CRE Advisors is marketing the property.
Response to the park from possible tenants has been strong thus far, Kelley said.
"It's in a good location and this is an area that the city of Sanford has planned and designated for industrial space for some time," he said. "It fits the needs of the city, county and fits the needs of companies looking to expand and have an industrial presence up there."