Maitland-based developer Ralph Singleton is reviving plans for new entitlements and infrastructure on 75 acres south of Orlando International Airport, in step with Orange County's expansion of a key thoroughfare.
Located at 14700 and 14730 Boggy Creek Road, just south of the S.R. 417 interchange, the 75.29-acre site has been pasture land for more than 100 years and long part of the Tyson Ranch Planned Development.
With hundreds of acres of vacant land along Boggy Creek Road south of the airport's future South Terminal, Singleton views the area's development potential in line with the sea of commercial and residential that has grown north of the airport along S. Semoran Boulevard in the past two decades.
Owned through an investment affiliate of Singleton Development and Central Meridian Corp., Singleton and partners paid $5.15 million for the land in November 2012.
The property is currently zoned Agriculture, which Singleton wants to change to PD through a Land Use Plan filed on Friday with the county.
On the property's western rear, 30.94 acres would be designated for up to 330 attached single-family homes, 14.62 acres for 350 multifamily units, and 15.2 acres fronting Boggy Creek Road for up to 198,633 square feet of commercial/office space and 250 hotel rooms.
Twenty acres would be reserved for wetlands, stormwater retention and new internal roads.
"We have been waiting patiently on the county to widen Boggy Creek Road there, which they tell me they plan to start on in October of this year," Singleton told GrowthSpotter. "Consistent with that we're moving forward with our PD zoning on the Tyson Ranch."
That breakdown of entitlements is an evolution from Singleton's past efforts to rezone the land, giving the property more balance now with townhomes.
Back in late 2015, he filed an LUP with the county that called for up to 750 apartments, 250 hotel rooms and 1.195 million square feet of commercial, office and airport/medical uses.
Singleton's team will front the initial cost for horizontal construction and infrastructure on the site this year, and must move quickly to break ground in the summer for a projected finish in First Quarter 2019.
Their first step will be bringing water and sewer line service to the property. An off-site county sewer line must be built in the right-of-way of Boggy Creek Road, so work must start in the summer before Orange County begins its widening of the two-lane road, Singleton said.
He will be marketing the property to end-use developers. No segments are under contract now, but Singleton is confident they'll emerge in the coming year.
An affiliate LLC of Singleton's company had previously owned the 114.69-acre parcel directly north of his current land on Boggy Creek Road, having bought it in May 2006 for $5.25 million. His firm sold it in June 2008 for $33.2 million to Adventist Health System, which plans a future Florida Hospital branch on the property.