Ruby Lake - Planned Mixed Use Development
SOLD FOR $28,350,000!!!
This incredible opportunity, known as the Ruby Lake Planned Development is a 167 acre development parcel located on Palm Parkway, Orange County, Florida. The property includes a 56 acre lake and is situated for many development uses on the remaining 110 acres of developable land. Hilton Grand Vacation purchased one 48 acre plot of land from the original 214 acre offering and has constructed 3 towers for timeshares with 4 more buildings planned.
167 +/- Acres approximately 2 1/2 miles from Walt Disney World
The property is located (primarily) on the west side of Palm Parkway at the new Fenton Street overpass, between Walt Disney World and Sea World. There is also a 5.8 acre parcel on the east side of Palm Parkway at the corner of Marbella Palm Court that neighbors the Midtown Development of a Hilton Garden Inn, a Homewood Suites and Residence Inn. The Fenton Street overpass (over I-4) connects the development with International Boulevard and is approved by FDOT for an I-4 interchange scheduled for construction in 2017.
Zoned as part of Ruby Lake PD as Activity Center Mixed Use (ACMU) and Resort Residential. There is an approved subdivision plan that would further subdivide the property into 8 lots with residential/resort, 900 room hotel, 480,000 square feet of commercial, 72,000 square feet of office. No formally platted lots have been approved.
Sale Price is $30,000,000
A 1 1/2% co-brokerage is being offered to licensed real estate brokers representing a purchaser.
Blackbird Asset Services, LLC Florida real estate broker license number CQ1045441
Photographs are intended to be a representative view of the development. Please see detailed information package for further information.
(hover mouse to move image for panorama photographs)}
Blackbird Asset Services, LLC is a boutique asset management and marketing company headquartered in Buffalo, NY specializing in secured creditor brokerage service, auctions, commercial real estate auctions and bankruptcy auctions. We tailor specialized marketing plans and auction sales of industrial equipment and machinery, and also conduct real estate auctions nationwide.