DeLand, Fla. — A sprawling undeveloped 180-acre mixed-use development site called Gateway DeLand, strategically positioned at the interchange of I-4 and SR 44, and part of an approved planned development (PD) within the City of DeLand has been released for sale.
Roger Soderstrom, who heads the RS Select International group at Premier Sotheby’s International Realty, said the property, which has been held by an investment group for decades, offers many development opportunities ranging from corporate headquarters and hotel sites to fast food, restaurants, auto service and banking to grocery-anchored retail center, and lakefront residential.
Gateway DeLand is positioned for immediate development and is being marketed globally by Soderstrom and his RS Select International team and real estate marketing experts including John Kurtz a land specialist and Michael Lopez, a former DeBartolo land and commercial specialist.
Gateway DeLand is the last significant interchange to be developed between Orlando and Daytona Beach, said Kurtz. “The large amount of undeveloped land is going to allow for something special. We think this project will be one of the most important signs of progress that west Volusia County has seen in years and it will dramatically change the landscape of DeLand.”
Soderstrom said among the many uses planned at the interchange are a major commercial mixed use development or retail power center fronting I-4 on 30 acres; a 16.31-acre tract for a retail strip center fronting SR 44; two sites – 2.69 acres and 3.98 acres – slated for hotels with I-4 visibility along with a proposed 300-400 unit lakefront apartment or condominium community.
Lopez said he is in close talks with several developers who are eyeing acreage at the mixed-use development site. “This is a fantastic opportunity for all regional and national developers, hoteliers and retailers,” Lopez said.
“I’m very confident this development will be a great success. It has the right mix of factors needed to generate a phenomenal development,” said Lopez who has 36 years of experience of marketing and selling commercial development land.
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