“We’re excited now to finally get it moving after so many years of being in a lull,” Rivera told GrowthSpotter.
The partners, who form Hoffner Investment Group Inc., filed a Master Plan with City of Orlando to subdivide the parcel into 3 lots, the largest of which would house a 50,000-square-foot industrial warehouse. They’re calling it the Conway-Hoffner Business Park.
“I’ve been involved in the project since the early 2000s,” Rivero said. “We designed and permitted a totally different project. The original plan was for it to be all one property under a single ownership, and we were going to build 83,000 square feet of warehouse space."
They cleared the lot and built the stormwater retention pond to service the warehouse, but ended up shelving the project for over a decade. In the meantime, they permitted and sold a small apartment project near Goldenrod, and Cafe Construction built and sold a handful of other industrial and commercial properties.
Now Rivero said they have a letter of intent from Orlando-based Boxes Etc. for the new warehouse. “Their lease is good through late 2020, so the timing worked out pretty well,” he said. “It will take us about seven or eight months to get through the engineering, and we expect to break ground early next year.”
The conceptual plan reserves the first lot, with frontage on Hoffner, for a future office building. The middle lot could accommodate a trio of 10,000-square-foot flex warehouse buildings with outdoor storage or a single 40,000-square-foot flex warehouse.