ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.
Tavistock Development has sold vacant land in its popular Lake Nona community to the city of Orlando.
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An entity connected to Tavistock — the developer of the 17-square-mile, master-planned community — conveyed to Orlando 14.2 acres of land along Luminary Boulevard for $6.39 million in park impact fee credits on March 15, according to Orange County Property Records.
The property purchase comes with a restrictive covenant that it must be used for a park for at least one year, after which it could become a City of Orlando-owned community center or public gardens for 75 years after that.
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Click here to read the full story on the Orlando Business Journal’s website.
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