200 Cranes Roost Blvd

The offering includes three contiguous parcels of developable land, perfectly situated to offer great views of
Crane’s Roost Park and the glistening waters of Crane’s Roost Lake.
This prime location offers an exciting opportunity for a developer to build a unique mixed-use development
that blends luxury apartments, top-tier retail and restaurants, and premium office space. With capacity for
approximately 410+/- superb luxury apartments, 25,000 square feet of retail, restaurants, and office space,
which could also be replanned as approximately 64 apartments, this development promises to be the talk of
the town. With ample parking for residents, tenants and visitors alike, this site will offer the perfect mix of live,
work and play convenience for those looking to enjoy the best that this urban oasis in Altamonte Springs has to
offer.
Approximately 3.75 Total Acres, Comprising:
Lot 1 - approximately 1.465 Acres – 346 units
Lot 2 - approximately 0.82 Acres – 25,000 s.f. retail + 56,000 s.f. of apartments or office
Lot 3 - approximately 1.467 Acres – stacked parking for 967 cars + pool, gym, gardens
(public-private partnership with the city of Altamonte Springs)
Whole Site Developable For:
Up to 410 +/- apartments
25,000 square feet of retail facing east on Crane’s Roost Boulevard
56,000 square feet of office space above, reconfigurable as 64± apartments
Multi-story parking garage (967 cars), plus amenities above
While Lots 1 and 2 are privately owned, Lot 3 is owned by the City of Altamonte Springs, so the development
will be a public-private partnership upon terms which remain to be finalized, though much negotiation has
already occurred.
The City has approved a contribution of $4.82 million towards the development of the parking structure, which
can be located wherever is optimal on the property.
Legal, surveying and engineering fees of $1.5 - $2.0 million have been expended to date to create a full set of
draft development agreements, including, among others, a Joint Use Parking Garage Construction Agreement,
Assignment of On-Site and Transferred Development Rights. These will be made available during a due diligence
period.
A joint venture may be possible with the current owner.