Feb 15, 2017, 2:51pm EST
Veronica Brezina Staff Writer Orlando Business Journal
A long-discussed project in the works for Winter Park now is progressing through the Seminole County’s Board of Commissioners.
Named as the Lake Howell Reserve and San Pedro project, it would consist of developing mixed-use projects on 200 acres of the 468-acre property previously owned by the Catholic Diocese of Orlando for many years.
On Feb.13, Seminole County approved some changes on the project that's slated to be built this fall on the north side of Howell Branch Road.
Sun Terra Communities and its equity partner New York private equity firm JEN Florida 23 LLC bought the property for roughly $26 million in 2016.
Sun Terra Principal Richard Jerman told Orlando Business Journal what the plan entails:
- It was approved for 710 residential units, but Sun Terra plans to build 695.
- 250 of the units are townhouses.
- 445 will be single-family homes.
- There are three different lot sizes and the single-family homes will range from one to two stories.
According to county documents:
- The assisted-living facility will have 125 beds and 7,500 square feet of ancillary commercial uses.
- There will be 50,000 square feet of convenience/retail/commercial space.
- There are plans for a cemetery expansion for 75,000 square feet support uses, including a shrine.
- A spiritual center expansion is planned for 50,000 square feet to support facilities.
Lake Howell Reserve consists of Villages 1, 2A and 2B, while San Pedro consists of the spiritual center and cemetery. Villages 1 and 2A will be slated for single-family homes. Village 2B will have assisted living, recreation facilities, fields, parks, trails and community centers, banks, charter schools and restaurants.The remaining undeveloped 268 acres will be for environmental conservation and preservation.
Jerman said Sun Terra now is submitting a preliminary subdivision plan to the county for approval.
Check OrlandoBusinessJournal.com for updates to this developing story.
Brezina covers economic development.