Lake Mary-based Dix Developments is wrapping up construction on two office condos at its University Econ Executive Center and prepping to start work on a multi-tenant spec office building to anchor the $9 million project.
Dix CEO James Dicks told GrowthSpotter he will be submitting construction plans this summer for the 10,400-square-foot building that will front on University Boulevard at the signalized intersection with N. Econlockhatchee Trail.
“We’re moving forward with it,” Dicks said. “When we finish, we’ll essentially have five 2,000-square-foot units.”
Designed by Studio 407, the building’s front and rear elevations are almost mirror images of each other. The parking is at the rear of the building. One end unit would allow for a drive-thru lane to accommodate a bank tenant.
Dix took over development of the unfinished office park in 2018 and has subsequently sold three interior building pads for new office users Warner Quinlan Real Estate and the Florida Roofing and Sheet Metal Contractors Association (which bought a double lot.) “We have two interior lots left,” Dicks said.
The nearly 6-acre site lies about a quarter-mile west of the Central Florida Greeneway interchange. The property is being marketed by John Kurtz of Stirling International Real Estate.
Dicks said the firm is also progressing on its major downtown project, the proposed mixed-use Vive on Eola tower at 205 S. Eola Dr. in Thornton Park. The property already has PD zoning, but the developer will be seeking a density and intensity bonuses for the 12-story tower. The project features 3,800 square feet of ground-level retail uses, 13,750 square feet of office/co-working space and 7 stories of residential micro apartments totaling 126 units.
Dicks said they took a two-month pause on permitting for the Vive project during the COVID-19 shutdown and focused on repurposing the existing building on the site into a co-working space. “Our goal was to move people into the existing shared office space and it get leased up, so that ramped up last week,” he said.