Englewood, Colo.-based Excelsior Capital Partnersis preparing for potential retail/commercial development on 38.8 acres it owns in Orlando's tourism corridor along Palm Parkway.
The investor in distressed debt and real estate filed mass infrastructure plans on Thursday with the South Florida Water Management District. The narrow strip of property lies between Palm Parkway and Interstate 4, south of Central Florida Parkway and north of Daryl Carter Parkway and its future 1.6-mile extension.
Carrying a project name of "Palm Parkway Commons," plans call for demolition and mass grading to prepare the land for future subdivision, with up to 15 parcels ranging from 2 acres to 3.27 acres per an overall site plan, which could be changed in the future. Seven dry retention ponds would be spread across the boundary with I-4.