Developer unveils $1B project in Rosemont
128-acre property formerly the Lake Orlando Golf Club
Miami-based Westside Capital Group is rolling out conceptual plans for its $1 billion mixed-use development in Orlando’s Rosemont neighborhood, according to a report in GrowthSpotter.
At a community meeting last week, where residents wore masks and sat six feet apart from one another, Westside Capital founder and president Jakub Hejl presented his vision for the neighborhood.
“We want to preserve green space … implement economic change in the community and introduce mixed-use development that puts parking inside the buildings,” he said. “But this is just a concept. This is something for you to consider and offer input.”
The 128-acre property was formerly the Lake Orlando Golf Club at 3901 S. Lake Orlando Parkway in northwest Orlando off the Orange Blossom Trail.
It features about 2,000 feet of water frontage of Lake Orlando. There are potential tax breaks for investors due to its location within a qualified opportunity zone.
Hejl said he’s teamed up with Charlan Brock Architects and Gai Consultants to help engineer and design the development. Conceptual plans include transforming the golf grounds into a new yet-to-be-named district, though the developer pitched calling it the Rose Arts District at the meeting.
According to Charles “Butch” Charlan, a founding principal with Charlan Brock Architects, buildings won’t exceed 90 feet in total height.
He mentioned possible amenities such as a concert pavilion, open green spaces, public art, unique retail and culinary options, and a clock tower in the shape of a rose in the town center near where Rosamond Drive and Orange
Blossom Trail intersect.
Residents at the first meeting expressed concerns about accessibility, traffic, preserving wetlands and quality of life in their quiet neighborhood, which for years has seen very little development activity.
As a result, property values haven’t risen much, Hejl said.
“We want to double or triple property values over the next 10 years,” he said.