City Center West Orange's complete final site plan is in Ocoee's planning department and it's going to take some time for planners to review the largest project Ocoee has seen since the West Oaks Mall, which opened in 1996.
"It came in multiple parts," said Michael Rumer Jr., the city's planner, of the documents. "We are still sorting through it."
It's so large that it hasn't been scanned into the city's system yet, Rumer said.
The $150 million mixed-use development plans announced last May includes shops, hotels and condominiums on 60 acres of lakeside property. It sits facing West Colonial Drive near the confluences of the Florida Turnpike, and the 429 expressways.
The development as planned is dense, comparable to Uptown Altamonte. Because of its density, Rumer expects it will take some time for planners to review it thoroughly.
"We are giving it an expeditious review," he said. "It's a big development and it's an urban development. Different from the typical suburban developments the city is used to.
"After we review it we will take a step back and ask, 'What does this mean to the adjacent property, the scale, the building setbacks?'" Rumer said.
The Park Development Corp. project is rare in another way. It is being funded using the U.S. government's EB-5 investment program, which gives visas to foreign investors who contribute at least $500,000 to an investment that creates at least 10 American jobs for 24 months.
David Townsend, the project's CEO, estimates it will create 4,320 jobs. He is hoping to get between 70 and 100 investors this year, he has told GrowthSpotter.
"We are the largest EB-5 regional project in the state of Florida," he said
He expects to release detailed, high-resolution images of the project soon.
Teresa Burney , a Correspondent for GrowthSpotter.com, can be reached at 352-455-1955 and email@example.com