Wednesday, July 05, 2006
Lake Mary Commissioner approved a plan to develop downtown Lake Mary 5 years ago, but little has happened since then. The location of the new downtown would be on 74 acres located around the city hall. This would consist of one and two story town homes, apartments and retail-residential buildings. There has been one viable developer to submit their plans. The big obstacle is developing a downtown around existing neighborhoods. Many residents are opposed saying it will take away the historic character. Some homeowners will sell their lots significantly over fair market value, while others are willing to sell joint lots with their neighbors. This would be an expensive and big job, and will have improve infrastructure. Right now everything is at a stand still. Courtesy of Orlando Sentinel 6/25/06.
Posted by Buyers Broker of Florida at 10:35:00 AM