McCraney Property wants to build headquarters on land city wanted for park
The property management company is under contract to buy land on Orange Avenue owned by Bank OZK
Sept. 22, 2023
By Beth Kassab
After city officials learned earlier this month that Bank OZK accepted another offer on two acres the city tried to buy to expand Seven Oaks Park, speculation swirled over the identity of the buyer.
This week representatives of McCraney Property Company reached out to city staff and said they plan to purchase the land and are proposing to build an office to serve as the company’s headquarters, a city spokeswoman confirmed.
The city has not yet received any documents related to the plans. A call to the offices of Steven McCraney, the company’s president and chief executive officer who also lives in Winter Park, was not returned.
McCraney Property has offices in Orlando, West Palm Beach and Charlotte, N.C., according to its website.
“Since its founding in 1989, the company has grown to be one of the most active developers of high-finish industrial real estate – e-commerce fulfillment and distribution facilities – and private acquisition in Florida, Georgia, North Carolina, and South Carolina’s major markets,” the site states.
It’s unclear when the sale of the land will close or how soon the company is looking to start construction.
The city offered Bank OZK (formerly Bank of the Ozarks) about $6 million for the property on top of waiving impact fees on a site at mixed-use development Ravaudage, where the bank apparently now intends to build a branch.
The Winter Park Land Trust offered $500,000 in private funding to help the city purchase the land and convert it to park space. The above renderings show the site as it exists today compared to how it could have looked as greenspace.
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