Veigle Properties pursues rezoning of land near Poinciana SunRail station

Winter Park real estate investors Jim and Charles Veigle are seeking to rezone a 120-acre parcel across from Poinciana High School for up to 720 residential units.

The brothers have owned the land since 1994 and previously used it as a borrow pit, which left the site with 50 acres of lakes, Jim Veigle told GrowthSpotter on Monday.

"Right now we're just doing the rezoning," Veigle said. "I've got about 70 acres that (are) developable. We want to see how many homes we can get. We don't have plans to develop it, but we've already been contacted by about six people who are interested in it."

The land is about a mile south of the new Poinciana SunRail Station, the terminus station for the commuter rail system's southern expansion. The station opens next year and has been a catalyst for several residential, mixed-use and hospitality-related projects.

Immediately to the south is AV Homes' Waterview Estates community, which is promoting its proximity to SunRail as an option for Orlando commuters.  AV Homes is also planning a 700-home mixed-use development adjacent to the station.

The Veigle property was under contract to Park Square Homes in 2005. At the time, the builder was seeking a Comprehensive Plan Amendment (CPA) to allow for Medium Density Residential land use, but the plan at the time was to build 280 single-family homes. 

Park Square ended up withdrawing the application after the county's staff recommended denying the CPA. The county later updated its Future Land Use map, and the Veigle land now has a LDR designation. 

This time around, county staff supports the rezoning. It's on the Planning Commission's consent agenda this Thursday. 

Have a tip about Central Florida development? Contact me at lkinsler@GrowthSpotter.com or (407)420-6261, or tweet me at @LKinslerOGrowth. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.

Copyright © 2018, GrowthSpotter
74°