Project Leasing • Development • Site Selection

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Case Studies - Uptown Altamonte


Uptown Altamonte is a 25 acre, 1,586,000 square foot mixed-use development located between Altamonte Mall and I-4 on SR 436 in Altamonte Springs, Florida. Uptown Altamonte was developed and sold between 2002 and 2006. Mark Sneed was involved in the acquisition, entitlements, design, leasing and sales of all components of Uptown Altamonte with partners Michael Vlass (the Vlass Group) and Michael Lant (MJ Lant Developments).


Uptown Altamonte was a public/private partnership. The focal point of the development was a new Civic Park that was constructed on the shore of Cranes Roost Lake. Cranes Roost Lake is a 37 acre lake with frontage on I-4 that in addition to the Civic Park also contains a floating, 2,000 seat amphitheatre. The lake and park are used for many civic events including concerts, recitals, ski tournaments and weddings.


Uptown Altamonte was entitled for retail, restaurant, office, hospitality, and residential components. The retail component is anchored by a 27,000 square foot Marshall’s, a 25,000 square foot Lifestyle Family Fitness Center, a 4,800 square foot Jared Jewelers, a 4,000 square foot Vitamin Shoppe, and a 3,500 square foot Fidelity Investments office. Restaurant users included Atlanta Bread Co., Moe’s SW Grill, Shane’s Rib Shack, Subway, and It’s A Grind Coffeehouse.


The retail component of Uptown Altamonte was entitled, designed and leased by Altamonte Partners and sold to Unicorp National Developments who constructed the buildings in 2005 and 2006.


The initial residential component of Uptown Altamonte consisted of Uptown Lofts, a 330 unit luxury multi-family development. Uptown Lofts is owned and was constructed by Epoch Properties. Uptown Lofts is a 7 story structure, with an internal parking garage. Altamonte Partners entitled and helped permit the tract, and sold the property to Epoch in 2004. Uptown Lofts opened in late 2006 to award winning reviews.


Additional land and entitlements in Uptown Altamonte were subsequently sold in 2006 to a partnership of Unicorp National Developments and Harbco affiliates for an additional 300 + residential condominiums plus ground floor retail. Altamonte Partners handled the entitlements of this land and completed the sale.



 


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Case Studies

Project Leasing • Development • Site Selection

Uptown Altamonte



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