Epic Theatres of DeLand announced plans nearly two years ago to buy property and build a movie theater in Mount Dora, but the project has been stalled over the cost of building a wall required by the city.
The developer of the 425-foot attraction plans to hire a general contractor in the coming months and break ground by July, but another land owner and tenants of Kings Plaza may file a legal challenge to halt the project.
In a 20-year case spanning courts in the Bahamas, England and Florida, a final judgment on Nov. 20 allows Ecuador's government to pursue seizure of a 77-acre property and more owned by a banking family that owes Ecuador's Central Bank nearly $600 million.
Maitland-based developer Ralph Singleton is pursuing an LUP and entitlements for his property on Boggy Creek Road, confident the airport's future south terminal will set off a wave of development in the area.
The six-story office building at 100 E. Pine St. is under contract to a New Jersey real estate investor and manager, which is using the new CrowdStreet.com to round up more than $2 million from individual investors, at as little as $25,000 each.
Nearly a fourth of the property is currently dedicated to storm water retention for a neighboring industrial park. Ripley's headquarters and archives, currently in leased space, may be set for a move here.
In Part 2, of Anatomy of a Deal, we pick up in Summer 2013, when Joshua Wallack would begin building a vision and momentum for Skyplex to acquire the final six necessary parcels to make his projects work.
Wallack didn't know he was starting a property acquisition marathon in June 2011 that would last three years and seven months, with eight land parcels sourced from eight different parties, 17.43 acres assembled overall and $69.35 million invested in real estate alone. How the Wallack family found the land and financing to make their Mango's Orlando and Skyplex projects happen is a compelling real estate story.
One of the biggest health-care REITs in the country paid $11.3M for a senior care center in Winter Park on the heels of a similar sale in Longwood earlier this month. A consultant points to reasons for this market's attractiveness.