A Chicago-area developer has begun to activate plans for land it recently acquired from the Coca-Cola Company in Apopka.
According to a conceptual plan filed in the city, the entity is seeking to develop a residential subdivision that can accommodate up to 58 single-family home lots and 146 attached lots that will likely feature townhomes.
PMDW Ventures, managed by out-of-state real estate investors Robert Wallen and Alan Miller, paid nearly $2.8 million for the property in September. The deal transpired through separate transactions that gave the Illinois-based entity control of two parcels totaling about 41 acres at 2600 and 2610 Peterson Road.
The so-called “Coke Property Subdivision” is one of a few projects PMDW Ventures is tackling in Apopka.
The same firm is also working to assemble about 55 acres of land centrally located at 3220 Pittman Rd. for a new residential community called Hamrick Estates. Plans for that project call for 111 single-family homes on a mix of 95-foot-wide lots and 70-foot-wide lots. Apopka’s City Council will consider the project this Wednesday.
Meanwhile, PMDW Ventures’ proposed 204-lot subdivision on Peterson Road is being planned on land east of S.R. 414 and south of West Orange Avenue. To go forward with the project, the company would have to rezone the property from its current industrial and commercial use to allow for residential development. GL Summitt Engineering is the civil engineer.
Coca-Cola Company formerly owned the larger of the two parcels, which consists of about 38 acres.
The vacant land, now owned by PMDW Ventures, neighbors a massive residential community to its south that’s being built out by Tampa development firm Mercury Advisors.
Its Avian Pointe residential community is set to feature more than 750 residential units across of mix of single-family homes, townhomes and multifamily units. Plans also call for a new K-8 school, ample community/recreational space and a new roadway called Grand Avian Parkway, which will wind through the development between Lust Road and Peterson Road.