Winter Park developer Condev is taking over plans to transform vacant land near Sanford’s SunRail station into a new transit-oriented community.
According to a recently recorded deed in Seminole County, Condev paid $5.4 million for about 39 acres of land on the north side of S.R. 46 (W. 1st Street), between Martin Luther King Jr. Boulevard and West Airport Boulevard.
The property had been owned by the Diocese of Orlando since 2001, and was part of a larger 60-acre assemblage that belonged to the church.
Condev president Chris Gardner told GrowthSpotter the remaining land is comprised of the existing All Souls Catholic Church and approximately eight acres of vacant land next to it for a possible expansion.
In 2016, the Diocese amended the existing uses of the property, so to incorporate additional uses and design standards relative to transit-oriented development. Thus, All Souls Transit Village Planned Development was established. The property may therefore potentially hold a mix of senior housing, multifamily dwelling units and office and retail development.
“While our plans are not finalized as of yet, we are considering a mix of residential uses including apartments, senior housing and townhouses,” Gardner said. “We will also have a future commercial component along S.R. 46.”
The PD allows for up to 120 senior living units for residents 55 years of age and older, and up to 840 multifamily units. Entitlements also allow for up to 15,000 square feet of office space and 25,000 square feet of retail and restaurant uses that can be featured on the ground floor of apartment buildings.
The new development will sit less than a mile from the city’s SunRail station. When the PD was established the project was touted was one of the first communities being developed near the Sanford station, which started running trains in 2014.
Today, the All Souls Transit Village PD joins other development projects underway or recently completed nearby.
Just next door, Indianapolis-based Scannell Properties recently completed the first phase of its NorthPort industrial complex, which consists of about 277,450 square feet of industrial space across three buildings.
Last month, GrowthSpotter reported that Northport Industrial Park Blenheim LLC paid $33.9 million for the first phase of industrial buildings.
Once complete, NorthPort will feature more than 822,000 square feet of warehouse/distribution space.
South of S.R. 46, across from the SunRail station, Tampa-based DeBartolo Development is planning to build a 288-unit apartment complex at 2901 W. 1st Street. Records show the developer has not yet purchased the property from its current owner, Kevin Wydra, who is a software executive turned developer in the area.
Condev is behind a number of residential and mixed-use developments across Central Florida.
In Winter Park, the company is currently building 10 luxury single-family homes near Park Avenue. The site at 694 N. New York Ave. is the result of a deal with Condev and the First Church of Christ Scientist, which worked with the developer to split the then 2.4-acre lot that congregation had owned for decades.
The developer also helped bring about the Central Parc at Howell Branch Plaza, a recently completed 64,750-square-foot commercial center in south Seminole County.
The Diocese of Orlando is known to sell large chunks of land to developers. Last year, it sold about two acres of land at 310 N. Orange Ave, in downtown Orlando to Tennessee-based Mid America Apartment Communities (MAA), which is in the midst of completing 368-unit multifamily building called MAA Robinson Apartments.
Oviedo-based developer Sun Terra Communities also bought the former San Pedro Center in Seminole County from the church. In 2016, the developer paid $26.7 million for 269 acres on Lake Howell. That property was developed by Taylor Morrison and Meritage Homes into the Hawk’s Crest gated community.