OVIEDO, Fla. – After years of planning and negotiations, the Oviedo Mall has secured all required agreements to move forward with approximately 700 apartments on mall property — a milestone its director of development calls a major step in a sweeping transformation.
“Everything’s been executed, signed and approved,” said Kevin Hipes, director of development for Oviedo Mall Holding LLC. “We are for sure getting two sets of apartments.”
Phase I: Macy’s comes down, 400 apartments go up
Picerne Development Corporation of Florida closed on the 15-acre former Macy’s parcel in late June and has already received site plan approval, according to Hipes. The company is now preparing construction plans to submit for building permits and is expected to apply for a demolition permit for the former Macy’s building within 90 days.
Hipes said the timeline could move quickly once permits are secured…