By Alex Finkelstein - GlobeSt.com
May 1, 2001
ORLANDO-After four years of master planning and at least $3 million in infrastructure investment, Jean Pierre Cuenant,
a Paris-educated lawyer and president of JPC Development Corp., is ready to make his final move: Selling his 270-acre
Marbella tract one mile from Walt Disney World's front door.
"It's the premier commercial property remaining in the Disney corridor," Rob McEwan, vice president in
the Orlando office of CB Richard Ellis Inc., tells GlobeSt.com. "I don't know of a comparable property"
in metro Orlando "that is surrounded by a 60-acre lake and has valuable Interstate 4 frontage."
The west-bound I-4 frontage is 3,400 feet and 33 ½ acres. CB Richard Ellis won the exclusive listing contract
on Marbella. The brokerage's national marketing program on the land is just beginning.
Cuenant is selling land zoned for hotel development at $10,000 to $14,000 per room. Land for a typical 200-room
hotel, for example, at $10,000 per room would cost at least $2 million.
Time share dirt is going for $16,000 to $20,000 per unit. A typical 300-unit time share development, for instance,
would need a minimum $5 million worth of land.
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