118-Acre Reagan Center Mixed-use Development wins Approvals to Become Seminole County’s Largest Real Estate Development

Sanford, Fla. --- With full support of the Seminole County Commission, the 118-acre site on U.S. 17-92 in Sanford is about to become Seminole County’s largest real estate  development project ever. That means big positive changes in store for the 38-year old Flea World site.

Paul P. Partyka, Partner at NAI Realvest in Orlando and broker of record for Reagan Center, said the project, which fronts both U.S. Highway 17-92 and Ronald Reagan Boulevard at County Home Road, recently won approvals from Seminole County that dramatically increase allowable densities and building heights.

A change in the property’s zoning to Planned Development (PD) opened the way for increased densities for the Reagan Center that could include a 14-story office building with retail stores and apartments, Partyka explained.

Located directly opposite Seminole County Government Operations Center, the Courthouse  and Seminole State College, Partyka said Reagan Center will ignite a 20-year effort by Sanford, Lake Mary, Winter Springs, Longwood and Casselberry to create a sustainable economic development corridor along U.S. 17-92.

Partyka said he is very confident this development will be a great success.   “The Reagan Center has the right mix of factors needed to generate a phenomenal development. Within a 5-mile radius are some of Central Florida’s wealthiest communities with strong demographics and great Seminole county schools”.

Partyka, former mayor of Winter Springs, said Reagan Center will be a “generational development” that was almost a generation in the making.   Reagan Center will create employment opportunities for thousands of Central Floridians over the next decade and will be a major economic engine” Partyka said.

Partyka said he is  in close talks with several developers who are eyeing major projects at Reagan Center.

Partyka already has one Reagan Center project under contract, with 88 town homes planned, that should close by year-end.

Flea World owner Syd Levy has long known his property could spark the area’s 20-year old Community Redevelopment Agency vision of a sustainable economic development corridor, Partyka said.   Last year, Levy formed a development study team with Partyka, Randall Morris of RM Strategies, Inc. in Winter Park, Richard Wohlfarth of IBI Group in Maitland and Turgut Dervish, Traffic Planning & Design in Maitland.

By one critical measure, their efforts have exceeded all expectations.  The total construction value of the Reagan Center project is estimated at more than $300 million.