Local developer Mark Graff of St. Clare Development sold off a second piece of the 5.6-acre Clermont property by South Lake Hospital that he carved a road through and entitled for four subparcels.
Neighborhood Realty Partners Florida, an affiliate LLC of Atlanta-based private equity investorsArgonne Capital Group, purchased the land for $1.06 million last week, according to Lake County property records. An Applebee's is planned for the land, said Curt Henschel, Clermont planning manager.
Last November, Graff sold about two acres of the larger vacant commercially zoned land at 1450 Champion's Way for $1.1 million, also under the name of SLV13 LLC for a hotel to be built by HNTC LLC of Daytona Beach, a business entity of Premier Resorts & Management Inc.
Henschel said plans for that hotel are also under county review, and a sign on the property says it will be a Hilton Home2 Suites.
Henschel said Graff has plans for a fast food restaurant on another part of the land, with plans noting the brand Zaxbys. There is space left on the parcel for a small office development as well, Henschel added.
On Friday, Graff was busy inaugurating another of his projects nearby at 2420 E. S.R. 50, a McAlister's Deli across from Chili's and Chik-fil-A.
Last November, Graff said he has plans to open more McAlister's Deli restaurants at a rate of one a year for the next four years at least.
Graff shares the franchise rights to build McAlister's Deli in the Orlando area with Bryce Kelly. Kelly has already opened one of the restaurants in The Villages.
Teresa Burney can be reached at 352-455-1955, or at email@example.com. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.