The Real Deal Miami

Suburb seeks developer of shops, rentals downtown

Eustis wants retail and residential development of 4.8 vacant acres a hospital once occupied
The 4.8-acre former site of a hospital in downtown Eustis (Source: Orlando Business Journal)

The 4.8-acre former site of a hospital in downtown Eustis (Source: Orlando Business Journal)

Orlando suburb Eustis is trying to identify a developer to bring apartments and retail stores to 4.8 vacant  acres downtown, previously occupied by a hospital.

The land in the Central Florida city, northwest of Orlando, is the former location of Florida Hospital Waterman, which relocated to nearby Tavares in 2003.

After contacting Lake Eustis Properties and Eustis Partners, the owners of the land, city officials are set to start marketing the 4.8-acre site to developers.

The asking price for the land is $2.5 million. The property has approved uses including buildings as tall as five stories, as many as 104 residential units, 642 parking spaces and 83,100 square feet of commercial space.

Other Central Florida cities are trying to spruce up their downtown areas, too, including Clermont, Maitland and Ocoee. [Orlando Business Journal] — Mike Seemuth