Project:
Metro West

Location:
Orlando, Florida

Repositioning Process:  
Prior to Southstar’s purchase, MetroWest had been open for 15 years with slow sales and an un-focused vision for completion. Southstar repositioned the remaining land parcels and reinvigorated the sales process resulting in the balance of the property to sell within 3 years.  The local government cooperated with Southstar’s vision to enhance the value and accelerate the absorption of the remaining parcels.  Numerous modifications and variances to the zoning and site plans were approved to incorporate Southstar’s new development program to address the changing market conditions and improve sales.

Project Description

• 1,800 acre master planned, mixed-use development
• 560 acres of residentially zoned property, 650 acres zoned for 1,142,000 sf of retail space, 1,900 hotel rooms and 2,755,000 sf of office space
• 18-hole Championship golf course, Village Center with 120,000 sf of retail,
  and elementary school.
• Purchased for $55 million
• Equity and debt provided by Southstar Partner.