xml:space="preserve">
Highlighted is the 2,467-acre mixed–use development planned for property in Lake County, to be annexed into Groveland.
Highlighted is the 2,467-acre mixed–use development planned for property in Lake County, to be annexed into Groveland. (Littlejohn)

Lake County's Groveland -- which carries the slogan "The city with a future, watch us grow!" -- voted on Monday to take its first step toward approving a 2,467-acre mixed–use development with the potential to double its size.

The Groveland Council started by voting to create a zoning category new to the city: a PUD (Planned Unit Development), as well as a new zoning category for the development: Master Planned Community.

Advertisement

A second reading is scheduled for Nov. 7 that would finalize the zoning changes, and annex the land into city limits.

It's been more than a year since developers dropped off the plans for a mixed-use project that could more than double Groveland's current population by 2035 and not much has happened since the initial bout of excitement.

The development, owned by various foreign LLCs with the root name Floribra-Villa City, is southwest of the Florida Turnpike, north and south of U.S. 27 and on both sides of CR 565.

Those LLCs were founded and are managed by attorney Holly L. Collins of Broad & Cassel. Past reports on the property indicated ownership was a group of Saudi Arabian investors.

The development's PUD calls for 2,570 single-family homes, 2,000 multifamily units, and 3,190 active adult homes. Additional commercial entitlements include 300,000 square feet of office space, 100,000 square feet of industrial, 500,000 square feet of retail, an assisted living facility with 400 beds and a hotel with 150 rooms. Another 20 acres are reserved for a school.

The landowners are using Littlejohn Company to plan the community and get the entitlements approved, but they have no plans to develop the land, said George M. Kramer, Littlejohn's director of planning in Orlando.

Owners are seeking a developer or developers to purchase the land, with several interested, he said.

Construction on the property could begin as early as next year, added Kramer, a projection contingent on buyer interest in parts of the 2,467 acres.

Have a tip about Central Florida development? Contact me at teresaburney4@gmail.com or 352-455-1955. Follow GrowthSpotter on FacebookTwitter and Linkedin.

Advertisement
Advertisement
Advertisement