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WMG Development Buys Parcel Next To Costco Under Construction In Clermont

08/16/2023 5:33 PM | Debbie Colangelo (Administrator)

A developer from Winter Garden has acquired two prominent sites in Clermont's Plaza Collina mixed-use development.

According to Lake County records, a corporation connected to WMG Development paid $8.6 million on August 9 for nearby properties totaling 5.7 acres, or slightly more than $1.5 million per acre.

Plaza Collina (Orlando) ASLI VI LLLP, a company connected to the Avanti Properties Group of Winter Park, was the seller.

The properties border State Road 50 and are situated next to the 19.7-acre pparcel that Avanti Properties sold to Costco  in November 2022 for $7.35 million. The 151,000-square-foot Costco is currently under construction.


Source:  SFBJ



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