KEEPING THE NEWS LOCAL.... AND THE COMMUNITY CONNECTED. 2022
25TH ANNIVERSARY EDITION
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25 Years: A Reflection and Future Vision An Interview with Avalon Park Founder and Developer Beat Kahli
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Precisely 25 years ago this December, marked the beginning of something special for Avalon Park Group. The official groundbreaking of the entrance bridge to Avalon Park Orlando kicked off an adventure of building a town where the mission was established to create a place where everyone can find a place to belong in a community where they could live, learn, work and play. Over the past 25 years, we have seen buildings built, families creating traditions, friendships being forged, and neighbors meeting neighbors and becoming so much more than just neighbors. I had the opportunity to speak with my mentor, the Founder and Developer of Avalon Park, Beat Kahli. Here is what he told me about the past 25 years in our flagship development, Avalon Park Orlando, and what Avalon Park Group can expect in the next 25 years and beyond. Stephanie Lerret:
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The agreement left Avalon Park as an 1,860-acre development, which includes, 240 acres of wetlands, 400 acres of upland preserve, 250 acres of man-made lakes, walking/biking trails. Approximately 1% of the plans included 3,400 single-family units, 1,431 multi-family units and approximately half a million square feet of commercial space, remains to be developed today. Stephanie: I have often heard you tell the story of a bridge loan to build “The Bridge” from Alafaya Trail into Avalon Park. Can you elaborate on that monumental event which provided the official start to Avalon Park Orlando? Beat:
It has now been exactly 25 years since the construction We had a dream to build a town where all people, of Avalon Park started in the last quarter of 1997. generations, races, and social economics could live, Can you tell our readers more? learn, work, and play. And because being a pioneer is rarely easy, it was hard to find money for the Beat Kahli: development of Avalon Park at first. So while the Traditional Neighborhood Design “TND” design In 1989, we purchased 9,400 acres of land in East principals that were planned made sense in preOrlando, called the Altman Ranch. For generations war development, urban sprawl had become the the land, which stretched all the way from present- new norm of development and none of the national day Wedgefield, was used for farming and hunting. homebuilders wanted to participate and none of the The entire 9,400 acres (10 times the size of the Orlando banks wanted to take the risk of lending us money. downtown area) was zoned for development and had plans that called for a town of almost 100,000 I was on “my knees” going around to the banks in residents, millions of square feet of retail and office Orlando. Finally, I found a bank, who at the time space, 3 golf courses and more, and was considered had just expanded from Alabama to Orlando. one of the largest planned developments in America The bank was willing to lend money for a bridge. on the drawing board at the time. The bridge would cross a small tributary of the Econlockhatchee River and be at the beginning of However, listening to the community, we realized Avalon Park Boulevard. In banking terms, a bridge that building such a project would have been a loan, means a short-term loan, to bridge a financial tremendous challenge for the environment and gap. For Avalon Park it meant the money to build public infrastructure. So, through a series of land a true bridge, and construction of it started exactly sales to the St. Johns Water Management District 25 years ago, just before the holidays in 1997. For by our development partnership, an agreement the loan, the bank got a mortgage on all the land, was made to create the Hal Scott Preserve Park in the full personal guarantees of my wife, Jill and I, lieu of commercial real estate development on 8,900 and more as collateral. That loan has long since been acres of the original acreage zoned to be Avalon paid back. Often, when I drive over that bridge, I Park. Maybe in another generation when most of think about what would have happened if I would the land between Tampa and Daytona Beach will not have gotten that “bridge loan.” be developed, people may be proud of our own “Central Park” (the Hall Scott Preserve Park), 10 Cont... times larger than its Flagship in New York City.