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Proposed community in Oviedo looks doubtful, for now

A 2.8 acre parcels in the middle of Palm Valley may be staying vacant for at least a while longer
A 2.8 acre parcels in the middle of Palm Valley may be staying vacant for at least a while longer

While many vacant parcels in the Orlando area are ripe for development, a pair of business partners found out Wednesday that there are limits.

Dustin Lucas of JEL Land Development told Seminole County planners he was considering turning 2.8 acres in the middle of Oviedo's Palm Valley, a mobile home park for people over 55, into its own community. The parcel is located east of Seminole Avenue and north of Princess Palm Avenue.

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But because of issues like height restrictions and poor drainage in the area Lucas ended up having second thoughts, even though he has the property under contract.

What may be the most viable approach is town houses that could be leased, said Lucas' partner, Bryan Potts of Tannath Design.

But Potts acknowledges the cost of building roads in and out of the property would be added to the height and drainage issues.

In this case Lucas might just buy the property and sit on it or let his purchase contract run out, Potts said. "There are a lot of issues to be considered."

Lucas will likely be back, if not before Seminole planners then another county, given JEL Land Development's active profile in the Orlando land market.

Have a tip about Central Florida development? Contact me at ktalley@growthspotter.com or (407) 420-5176. Follow GrowthSpotter on FacebookTwitter and LinkedIn.

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