ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.
A large restaurant property near the University of Central Florida that is being eyed for redevelopment into student housing has traded hands, bringing the project one step closer to groundbreaking.
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Orange County records show 50 South Property Owner LLC, an entity related to Winter Park-based Progressive Capital Group LLC, paid $7.2 million for the 3.6-acre property at 11731 E. Colonial Drive, near the intersection of East Colonial Drive and Alafaya Trail.
The property is home to a 12,300-square-foot Golden Corral Buffet & Grill restaurant. The seller was East Colonial LLC, an entity related to Eric Holm and his Metro Corral Partners LLC, a Golden Corral franchisee.
Read: Raising Cane’s opens first Central Florida restaurant
Click here to read the full story on the Orlando Business Journal’s website.
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