Posner Park
Posner Park is a $500 million mixed-use development in Polk County, Florida. It is located at the intersection of Interstate 4 and U.S. Highway 27, about 6 miles north of Haines City.
The development is the brainchild of Victor Posner (1918-2002), for whom it is named. Posner Park was developed by Trammell Crow Company as part of a series of joint ventures with MetLife, and the original land owners, the Posner family. It stands on the site of the former Circus World and Boardwalk and Baseball theme parks as well as the former site of the Kansas City Royals’ spring training facility. The first stores opened in March 2008[1] and included Target, J.C. Penney, Belk Department Stores (since closed), Dick’s Sporting Goods, Best Buy, Staples, Ross, Michaels, PetsMart and Books-A-Million as the 10 anchor tenants that occupy nearly 500,000 sf of retail space on 80 acres fronting Interstate 4 and US 27.
Leisure facilities and residential development are also planned on the site. ,[2] including high-end boutiques, upscale offices, destination restaurants, luxury multi-family residences, entertainment and cultural venues and pedestrian parks. An extensively landscaped core plaza with fountains is planned. Posner Park was approved for nearly 1.5 million sf of specialty and general retail, over 1 million sf of Class A office space, 2,600 upscale hotel rooms and nearly 2,000 luxury multi-family units for an anticipated 4,500 residents.
Bankruptcy
In January 2014, The undeveloped area of Posner Park was set to be auctioned off in Aug 2014. Owners filed for bankruptcy. [3]