Saudi Arabia-based owners of a 2.3-acre parcel on Kissimmee's W192 tourism corridor are the latest to try and capitalize on proximity to the 300-acre Margaritaville Resort, preparing plans for restaurant and retail pads across the street.
The property lies in the 8000 block of W. Irlo Bronson Memorial Highway on the Orange County side, directly north of the Target-anchored shopping center, just east of E. Orange Lake Boulevard, Miller's Ale House and the intersection with S.R. 429.
The property was bought in June 1999 for $930,000 by an ownership group made up of local commercial real estate agent Abdulfattah A. Abdullah, and Mutlaq and Ahmad Al-Yahya, who are identified as Saudi Arabians on the LLC's founding documents.
The property lies within the Orlando World Resort PD, on the southern edge of 17 acres that were planned for a timeshare/condo hotel back in 1991 named Orlando World Resort, a project which was never seen through after county approval.
East of this property are a trio of Texas Roadhouse, Pollo Tropical and Joe's Crab Shack restaurants where a new corporate-owned Panda Express restaurant broke ground in July.