Real estate developer Rhonda Beninati is pursuing multiple industrial projects in the Central Florida market.
Beninati’s Double B Development is seeking an environmental permit from the St. Johns River Water Management District for 139,600 square feet of light industrial warehouse space in Sanford. The application is being reviewed at the same time the company is planning a three-building industrial park in Apopka, totaling 594,000 square feet of warehouse distribution space at 4212 Hogshead Road.
The project in Apopka is called Apollo, while the industrial project in Sanford is called Helios in plans. The names are references to Greek mythological gods.
Beninati entered the Central Florida industrial market two years ago. Her Austin, Texas-based family office has developed and owned both commercial and residential real estate properties throughout the nation, including first-class offices, boutique hotels and mixed-use development projects.
Calls and emails to Beninati and the Double B Development team members were not returned.
In Sanford, Beninati is planning to build two, 69,800-square-foot industrial buildings sitting side-by-side on 9.6 acres at 205 Aero Lane and 3336 W. 5th Street. Larry Poliner, principal at RCE Consultants LLC, is the civil engineer and C4 Architecture is the architect.
The property is less than a mile away from the Sanford SunRail station and is currently owned by Richard G. Moore. Records show Moore bought the properties in 2016 for $900,000.
Helios is one of several projects popping up around the SunRail station in Sanford and could indicate a strong investment appetite to build near rail transit options such as the SunRail or the Brightline.
In August, Tampa-based DeBartolo Development began construction on a 294-unit apartment complex called The Henry, located across State Road 46 from the SunRail station. And Winter Park developer Condev also has plans to build a TOD community on approximately 40 acres near the station.
Meanwhile, in Osceola County, public officials with the county are overseeing the development of a master plan for 82 acres north of the SunRail station in Kissimmee.
The county bought the land last year in addition to 16 acres owned by SunRail and ultimately enlisted Kissimmee-based Rj Whidden and Associates to come up with a master plan for the property. The planned SunRail Park project lies in a Qualified Opportunity Zone and is anticipated to serve as the center point for the 2,145-acre Employment Center.