Dallas developer pays $15.5M for E192 land at gateway to NeoCity | GrowthSpotter
By Laura Kinsler | Growthspotter | Jun 27, 2022 at 5:30 pm
Dallas-based Lantower Residential paid $15.5 million late last week for a mixed-use development site at the gateway entrance to NeoCity.
The sale price breaks down to $944,546 per acre — the highest price per acre ever paid for land in Osceola County.
Daryl Carter has the listing for 12.2 acres adjacent to the Valencia Village property, which is on the market. Carter said they also chose to leave the offering unpriced so the market could determine the value. “I would like to give a note of thanks to the Schoolfields and Lantower for setting the bar very high,” he said. “That’s a really good number. I hope they’re very successful.”
NeoCity master planners Perkins+Will identified the Schoolfield site as having “the greatest potential to be a grand public entrance to the district, complete with public art, decorative lighting and a distinctive sign to spur commercial development in NeoCity and on privately owned land that fronts E192.”