Former Albertson's Center

Posted by City of Longwood, FL

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Development Site

Development Opportunity

Size

8.67 acres

Ownership

Privately Owned
Albertsons location small

Site Description

The larger parcel was formerly an Albertsons Grocery store. In discussions with the owners of the other parcels they are motivated to sell as part of a total redevelopment project. There has been strong interest by big box stores as well as from stores with a smaller footprint. ADT count is 41,000 on 17-92 and approximately 26,000 on SR 434. Upon the completion of a retail study and site analysis. The city is working on consolidating all 13.3 acres on the site which includes East Street to US Hwy 17-92 and SR 434 to the neighboring center. The consultant found this site to be an excellent mixed use site with future development including office space, retail, hotel and multi-family housing. Under the photo section we have added a proposed site analysis from our consultant. This is supplied as an idea that meets our zoning and site specific incentives.

Fee Schedule

Request

Planning & Policy Documents / Request for Proposals (RFP)

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Technical/Environmental Studies

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Financial/Economic Reports

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General/Comprehensive Plan Designation

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Master Plan/Specific Plan

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Zoning Designation

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Height Limits

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Floor to Area Ratio (FAR)

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Dwelling Units per Acre

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Parking Requirement

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Other Requirement

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Zoned for Preferred Outcomes

. The specific purposes of the Opportunity Node Overlay Zones (ONOZ) are to an provide an optional incentivized opportunity to create new development projects on identified parcels .

Political Support

Strong support from the City and Commission for re-development

Other Incentives

Waiver of Planning Division application fees, 20% of Building permit fees, 20% of water & wastewater fees, expedited permitting and assigned project facilitator.

Tax Credit

Based upon average salary, number of employees, target industries and previous location (outside of Seminole County)

Costs

Request

Transportation

Work to be done on the intersection of SR 434 and US 17-92

Private Investment

Request

Local Development Trends & Market Indicators

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920 E 434 , Casselberry-Altamonte Springs, FL 32750

0.91 acres (39588.24 sqft)
Owner
TAKVORIAN ANN
26 BRIDGE ST, HACKENSACK NJ 7601
Details
APN: 0421305040000001B
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140 S 17 92 Thru 192 Hwy, Casselberry-Altamonte Springs, FL 32750

1.05 acres (45886.1 sqft)
Owner
LONGWOOD LAKES LLC
427 S NEW YORK AVE STE 204, WINTER PARK FL 32789
Details
APN: 042130504000001C0
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200 S 17 92 Hwy, Casselberry-Altamonte Springs, FL 32750

6.7 acres (291980.63 sqft)
Owner
BRNK CASSELBERRY LLC C/O BRNK
11111 SANTA MONICA BLVD ST 340, LOS ANGELES CA 90025
Details
APN: 04213050400000020

Contact Thomas Krueger

Thomas, from City of Longwood, has more details.

Created on February 6th, 2015 (last updated 11 months ago)