Oviedo is currently in a growth spurt. On the north side of Mitchell Hammock Road, east of State Road
434 and bordered by the Kingsbridge West subdivision to the east, the City of Oviedo will expand its downtown on approximately 50 acres. Street and utility systems for Oviedo on the Park are currently
under construction. The new mixed use development will feature a residential component of single-family houses, town homes and apartments, a commercial business district and retail establishments.

Oviedo on the Park has an expected completion date between 2012 and 2015. Other developments are under construction around the City offering residents new places to dine and partake of consumer services.