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Baker County

Baker County Rural Recreation Retreat
Cedar Creek Farms Road

Reduced Price!
Size:	5.22 +/- acres
Price:	$29,950
Status:	Available

Charlotte County

Punta Gorda Commercial
Hwy 17

New Listing!
Size:	5.8 +/- acres
Price:	$196,527
Status:	Available

US Hwy 41 & Canal Front Commercial
US Hwy 41/Tamiami Trail

Size:	11 +/- acres
Price:	$3,350,000 or $304,545/acre
Status:	Available

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Citrus County

Citrus County Industrial Lot 27
1137 E Overdrive Circle

New Listing!
Size:	0.91 +/- acres
Price:	$49,000
Status:	Available

Citrus County Industrial Lot 42
1137 E Overdrive Circle

New Listing!
Size:	0.91 +/- acres
Price:	$49,000
Status:	Available

Citrus County Industrial Lot 35
871 E Overdrive Circle

New Listing!
Size:	1.18 +/- acres
Price:	$69,000
Status:	Available

Citrus County 11.3 ac Blueberry Farm
9333 E. Bushnell Road

New Listing!
Size:	11.3 +/- acres
Price:	$220,000 or $19,469/acre
Status:	Available

DeSoto County

Producing Orange Grove
Russell Road

Size:	40 +/- acres
Price:	$400,000 or $10,000/acre
Status:	Available

Dixie County

Steinhatchee Recreation & Timber Land
SW 708th Street

Reduced Price!
Size:	240 +/- acres
Price:	$264,000 or $1,100/acre
Status:	Available

Flagler County

Palm Coast Acreage
Matanzas Woods Parkway

Reduced Price!
Size:	4.76 +/- acres
Price:	$44,450
Status:	Available

In September, Unicorp's and Maury L. Carter & Associates' Fashion Square Land Trust bought the dirt beneath the improvements for $22.9 million, according to Orange County records. The development team is the latest to attempt to resuscitate the 838,865-square-foot mall, which has changed hands at least four times since 2004.

The redevelopment is expected to include:

1,500-1,600 mid- to high-rise apartments
500,000 square feet of retail and restaurants that may include a bowling alley, dine-in theater, indoor karting and high-end arcade
200,000 square feet of office space
A parking garage
A hotel

The future Orlando Fashion Square, which will retain the name, will be built around plush landscaping, gardens and water features. No plans have been submitted to the city of Orlando.

The architect is Orange, California-based Architects Orange, and the engineer is Raleigh, North Carolina-based Kimley-Horn & Associates Inc.

Despite the challenges, a successful project’s payoff could be a big win for Unicorp and Maury L. Carter & Associates. The demographics around Orlando Fashion Square for a mixed-use project are favorable due to the area’s high population density and affluent residents. In addition, there are many families with kids and, with a dearth of nearby entertainment options, the redeveloped mall could attract them, too.

“Fashion Square is one of the greatest potential sites in Central Florida,” retail expert John Crossman, who isn’t involved in the project, previously told OBJ. “That said, it is immensely complicated and is not for the faint of wallet.”

Apartment, retail stats

The eastside apartment submarket, which includes Orlando Fashion Square, has a 9.1% vacancy rate, which is near the Orlando-area average of 8.3%, CoStar Group (Nasdaq: CSGP) reported. In addition, the submarket's average apartment rental rate is $1,343 per month, slightly higher than the Orlando-area average of $1,310, showing demand for apartments.

Meanwhile, the downtown Orlando retail submarket, which includes Orlando Fashion Square, has a 6.9% vacancy rate, which is slightly higher than the Orlando-area average of 5.8%, according to Colliers International Central Florida. That shows demand for retail space in the submarket. In addition, the submarket's average monthly retail rental rates are $29.76 per square foot, well above the Orlando-area average of $18.87 per square foot. That shows demand in the area for new shops and restaurants.

Source: https://www.bizjournals.com/orlando/news/2020/07/06/unicorp-fashion-square-mall-groundbreaking.html

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