An active Orlando developer has secured acreage near International Drive and Interstate 4, setting up potential new development.

Orlando-based Intram Investments Inc.'s Martini Grand National LLC bought 18 acres for $22.8 million, or roughly $1.3 million an acre, northeast of International Drive and South Kirkman Road on March 6, Kelly Froelich, project manager with Intram Investments, told Orlando Business Journal.

Group Kirkman LLC was the seller. The developer initially plans to make improvements to the property, which features a mix of vacant parcels and roughly 130,000 square feet of retail currently called International Festival.

Source:  OBJ