A New York firm that paid less than a $1 million in 2015 for 10 acres at a prime corner on U.S. 27 in Davenport is now prepping it for a commercial mixed-use planned development.
Orlando broker/developer Charles Hwang with Commercial Worldwide told GrowthSpotter he represents the owner of the site at the southwest corner of U.S. 27 and Legacy Park Boulevard, also known as Florence Villa Grove Road.
The U.S. 27 corridor in Four Corners has attracted several new retail developments which are in the pipeline, including Park Square Homes latest Neo mixed-use development, Elevation Development's Citrus Ridge and Spider Group's The Shoppes at Dunson Park.
Hwang said the owner, Lynnway LLC, plans to start with an 11,629-square-foot multi-tenant strip retail center but is seeking entitlements in the Planned Development for other commercial uses, including potential restaurants and a bank, medical/dental offices and a potential senior care or assisted living facility.
The property is part of the original 234-acre Legacy Park Planned Development, and it currently has an Institutional Professional land use. The land use change and PD modification are needed for the developer to add a right-in right-out driveway directly onto U.S. 27.
The company engaged Kimley-Horn to conduct a traffic impact analysis and submit a conceptual plan for the property on April 30 and is scheduled to meet with Polk County's Development Review Committee on May 16.
The Legacy Park site is less than two miles south of U.S. 192 in Four Corners, and it's just west of several new residential and vacation home communities now in development.