This latest PSP from mid-April gives an idea of prospective lot lines on 65 gross acres planned for development at 9200 Turkey Lake Road.
This latest PSP from mid-April gives an idea of prospective lot lines on 65 gross acres planned for development at 9200 Turkey Lake Road. (Kimley Horn)

Developer Randall F. Greene has more than half of his affiliate's 65 acres on Turkey Lake Road in the tourist corridor under contract or close to it for lakefront apartments, a national self-storage operator and fuel station, with retail, hotel and medical office in play for the rest.

Located at 9200 Turkey Lake Road just a few hundred yards north of Westgate Lakes Resort, the property features about 46 developable acres, with 32,000 Annual Average Daily Trips (AADT) along Turkey Lake Road and more than 167,000 on Interstate 4.

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It's one of the last large undeveloped tracts remaining on I-4 in the tourism corridor after developer Scott Fish sold 6.1 acres west of the Mall at Millenia in April to City Furniture, and has been formerly known as the Yogi Bear Campground, the National Spa and Resort timeshare project, and Eden Springs Resort project.

Greene subdivides 65 acres on Turkey Lake Road, progresses w/commercial tenants

Get a closer look at the developer's lot line choices, and learn where retail, hotel and multifamily negotiations stand.

GrowthSpotter first reported in April 2016 that Greene's RG Development and Investments, an affiliate of property title holder DCS Real Estate Holdings, was working to refocus the future land use on Big Sand Lake, swapping out timeshare residential for multifamily in an effort to kickstart development after years of stagnation.

The Preliminary Subdivision Plan (PSP) was first submitted last September to Orange County, and remains under review by planning staff. The layout of seven planned lots and a 7-acre retention pond have changed a few times in recent months, adapting around a 19.39-acre conservation tract in the center for Boo Boo Lake.

Set off the road is the 1.9-acre Lot 6 now under contract to Winter Park's Nuvo Development, which will build a five-story, 150,000-square-foot facility for Extra Space Storage. A building height waiver to 55 feet earned County Commissioners' approval earlier this year.

That lot sale should close upon PSP approval. A national fuel station operator is close to signing a one-acre land lease fronting Turkey Lake Road (Lot 2), and DCS is "in active negotiations with a handful of quick-service restaurants" for two more one-acre lots, said Jared Ettinger of Berkshire Realty, marketing agent for the property.

The westernmost 9.98 acres (Lot 7) face Big Sand Lake, and are under contract to a national multifamily owner-operator for 286 apartments, which Greene and Ettinger have declined to name, citing a non-disclosure agreement.

Excelsior readies 38 acres on Palm Pkwy & I-4 for bidders, self storage developer

Learn who is now marketing this prominent tourism corridor property, and opportunity ahead for retail and commercial developers.

The developer filed a Capacity Emcumbrance Letter (CEL) in late May with the county to faciliate the 286-unit apartment project.

About 5.5 acres across two prospective lots would remain for retail/dining, a hotel (up to 120 rooms) or medical office.

Civil engineer on the project is Jay Jackson of Kimley-Horn, and legal counsel is Miranda F. Fitzgerald of Lowndes Drosdick Doster Kantor & Reed, P.A.

Have a tip about Central Florida development? Contact me at bmoser@growthspotter.com, (407) 420-5685 or @bobmoser333. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.

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