A Saudi Arabian investor will seek a landscape architect and more in the coming weeks to refine plans for 35 acres on Lake Whippoorwill east of the Lake Nona Landing shopping center, the project's development coordinator told GrowthSpotter.
Paperwork for a Specific Parcel Master Plan was filed on April 5 for the property with the City of Orlando, with actual plans to follow in the coming months that detail a breakdown of commercial, multifamily and townhomes.
Located in the 12000 block of Narcoossee Road, directly north of Missionary group Pioneers USA's 54 acres where redevelopment is also planned, the site has been occupied by small houses, an auto parts store and the Lake Whippoorwill and Barton Lake mobile home parks.
Abdulrahman Al Helayel, a Saudi Arabian national living in France with a local home in St. Cloud, spent more than $11.1 million in 2012 and 2013 to assemble the nine parcels totaling roughly 45 gross acres, via affiliate LLCs Al Kharj and Al Yamama.
Shaid Ahmad, a general contractor and owner of Longwood-based Shamoon Design Group, Inc., was hired by Al Helayel in 2015 to lead the property through entitlements and prepare it for sale and leasing.
The land was annexed into the city in April 2016, with a development estimate at the time of 90,000 square feet of commercial-retail, 30,000 square feet of office, 225 multifamily units and 129 townhomes.
Those plans have since been refined down, and are now projected as 220 apartments across a few four-story buildings, 50 two-story townhomes on the lakefront, and retail and office facing Narcoossee Road, Ahmad said on Monday.
"This is a very hot location, we think, across from the new Walmart and shopping of (Lake Nona Landing)," he said. "We do have some wetlands that cut about 10 acres off of the upland total. But (Al Helayel) gave me full representation authority, and I think it will draw bidders for these uses later this year."
Ahmad is working toward engineering permit and plan approvals from the city by November, and hopes to break ground shortly after. A bubble plan specifying the uses is expected to be finished within the next four months by civil engineers Poulos & Bennett.
Ahmad is trying to hire a landscape architect and professionals for photometric lighting this month, he said. An architect has yet to be hired for plan designs, and commercial real estate brokers have yet to be consulted about marketing the multifamily and townhome portions of the site for sale, and the road frontage for commercial lease.
The Narcoossee Road corridor northeast of Lake Nona has been hot with development activity over the past two years, with new multifamily, retail centers and small office developments proposed or now entering construction.
Further south on Narcoossee Road, Al Helayel owns another 3.9 acres that are pegged as Narcoossee Cove II, to involve redevelopment for up to 11,700 square feet of retail-commercial, 2,500 square feet of office and and 30 townhomes.