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Lake Mary FL Property
A Booming Economy
Like most of the other communities in Central Florida, oranges were the oil that powered the machine of Lake Mary’s economy. After the historic killing frosts that blighted the area, however, citrus no longer proved to be reliable. Luckily, at around this time, Walt Disney World was growing in Orlando, a development that transformed Lake Mary from an agricultural community to a residential suburb.
Recently, more changes have been happening to this small city. Folks no longer commute out of Lake Mary, they commute into it. The daytime population of the town swells from around 15,000 to almost 40,000. Lake Mary’s economy hasn’t just turned around, it’s actually booming.
Major corporations have been relocating to the city, drawn by its business-friendly climate, excellent quality of life, topnotch schools and state-of-the-art communication technology. Part of the flourishing I-4 corridor, which is projected to be developed into more than 8 million square feet of commercial, office and light manufacturing space, Lake Mary is truly on the rise.
Among the companies that have moved in and invested in Lake Mary, FL property are AT&T-Cingular Wireless, Crescent Resources, FISERV Solutions, Progress Energy, Siemens Information and Communications Network, Inc., and Strang Communications. Also nearby are the National Headquarters of the American Automobile Association (AAA) and the iconic pencil company Dixon Ticonderoga, both of which are in the unincorporated community of Heathrow.
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