One of the original developers of Colonial TownPark in Lake Mary has acquired the last vacant parcel and plans to start construction in March on a new 10,000-square-foot office building.
Providence One Partners purchased the 0.9-acre lot in August and is awaiting final permit approvals from Seminole County for the two-story building on Colonial Center Parkway.
"We plan on taking half the second floor for our offices and leasing out the rest," Principal Michelle Pierce told GrowthSpotter.
Pierce and partner, Tom Green, both worked at Colonial Properties Trust, the original developer of the mixed-use development. Pierce headed up the residential division, while Green led the commercial division. CPT was later acquired byMAA.
"My partner, Tom, was really the man behind the vision of Colonial Town Center," Pierce said. "It's really kind of sweet justice that we'll have our office building here. We left to start our own company, and now we're celebrating our 10th anniversary. We're proud to have our own building."