Deerfield Land Corporation has entered into an agreement with Osceola County, which was unanimously approved by the Osceola County Board of County Commissioners at its October 19, 2015 meeting. 

Under the agreement, Deerfield Land will undertake the reconstruction of Orange Avenue from Osceola Parkway to the northern Osceola County border as a four-lane, divided highway.  Deerfield Land will also donate approximately 14 acres of land to Osceola County for the expanded road right-of-way and other public uses throughout its Osceola Corporate Center development.  The agreement is expected to provide improvements to Osceola County’s infrastructure valued at approximately $8 million, for which Deerfield Land will receive mobility fee credits. 

Work on the project will begin immediately, with completion preceding the opening of the Tupperware Station in phase 2 south of the SunRail commuter rail project.  Deerfield Land expects that the completed road improvements, including utilities and signalization, will lead to the transportation-oriented development of nearly 150 acres surrounding the reconstructed road segment, beginning as early as mid-2016.  Uses intended for the development include office, retail, multi-family residential and hotel.

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TUPPERWARE BRANDS CORPORATION (NYSE: TUP) today announced that it has secured tenants for its latest retail development, in partnership with O’Connor Capital Partners.  The project will include over 100,000 square feet of retail development and will be located in the 800 block of West Osceola Parkway in northern Osceola County, Florida.  The leasing tenants will be: the award-winning 4 Rivers Smokehouse, 24-Hour Fitness and Burlington Coat Factory, and will complement the partners’ adjacent Crosslands shopping center, which opened in November 2014.  The partners expect to break ground in October with an expected opening date by May 2016.  

These retail projects are part of a 500-acre tract surrounding Tupperware Brands’ worldwide headquarters that has been in development over the last 12 years, including retail, office, multi-family residential and hotel uses.  The eastern part of the project will include a SunRail station, to be named the Tupperware Station, as phase II of the commuter rail line is implemented by 2017.  Federal funding for phase II was announced on September 28th by the Department of Transportation.