A Chipotlane, a mixed-use development and more are in the works in Casselberry, as the city north of Orlando sees new construction demand.
Currently, the city of Casselberry is reviewing at least eight new residential and commercial projects from retail to townhomes and more, according to city documents. Meanwhile, another nine projects are under construction or nearing a groundbreaking.
Real estate experts say Casselberry is benefitting from new development due to its proximity to major artery U.S. Highway 17-92. In addition, the city has been welcoming to developers in recent years, which helps spur new construction, said Marie Boyle, president of Maitland-based real estate firm Palkiper, which is marketing property in Casselberry.
Meanwhile, real estate prices for the city 20 minutes from downtown Orlando are still relatively affordable compared to other parts of Central Florida, Boyle said. “Infill projects are getting more attention.”
One of the biggest projects in the works is Icon Commons. The proposed five-story project would feature 26 residential units in addition to 1,600 square feet of retail space and 2,800 square feet of live-work suites at 380 State Road 436, according to city of Casselberry documents. Deerfield Beach-based Quiet River Invest LLC owns the roughly 1-acre property, and Plantation-based South East Architect Services Inc. is the project applicant.
Publication: Orlando Business Journal