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Mosaic Co. development to be located on reclaimed phosphate mine
The Mosaic Co., a leading producer and marketer of phosphate-based crop nutrients, is launching its first-ever venture into real estate development: it plans to convert more than 16,000 acres of formerly mined phosphate land in Polk County, Fla., into Streamsong, a resort and conference center.
Plans for the resort include a complex housing about 140 guest rooms (with the potential to expand to more than 200 rooms), five villas (each with four private guest rooms adjoining a common gathering area), more than 20,000 square feet of meeting space, three restaurants and two lounge areas, and a full-service spa. The complex will also be home to two golf courses designed by architects Tom Doak of Renaissance Golf Design and Bill Coore and Ben Crenshaw of Coore & Crenshaw, respectively.
One of Central Florida's largest landowners, with approximately 250,000 acres under direct ownership, Mosaic says the Streamsong development represents “a unique opportunity to take a large parcel in Florida's heartland and develop the property to maximize the vast natural attributes of the land.”
Tom Sunnarborg, vice president of land development and management at Mosaic, notes that “many of our former mining areas have been reclaimed for public recreational or environmental uses in the past. But now we plan to extend our land stewardship into building a world-class resort that showcases the environmental beauty as well as the commercial viability of reclaimed land. From a real estate development perspective, Streamsong is a very unique resort, being built at the right time and in the right location.”
Mosaic did not disclose a specific timetable for developing the project.
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