Following its $3.9 million acquisition of the property last month, the developer is seeking approvals from Orange County to build two industrial buildings at the intersection of S. Orange Avenue and Town Center Boulevard.
The project would feature 281,160 square feet of distribution space. Plans show the 17-acre site is being prepped to hold a 149,940-square-foot warehouse building that would run parallel to a 131,220-square-foot warehouse building.
According to online marketing material provided by JDA, the industrial buildings are slated to begin construction in January 2020. The expected completion date is set to transpire by the fourth quarter of that year.
The company specializes in self-storage, multifamily and industrial development throughout the nation. According to its website, the firm has built more than 22 million square feet of industrial space throughout the country.
In Central Florida, it’s behind such projects like the Amazon Fulfillment Center in Lakeland, which it developed with joint venture partner USAA Real Estate Company.
In late 2016, the JV sold the fulfillment center to Phoenix, Arizona-based Tratt Properties for about $87.6 million. JDA has also developed self-storage facilities in Poinciana, Kissimmee, Oviedo and Orlando.
Daryl Carter, president of Maury L. Carter & Associates, brokered the deal. He said the selling entity is made up of a group of long-time investors, including himself and some family members.
Carter told GrowthSpotter the corner tract is the last undeveloped portion of the original 270-acre parent parcel his investment group bought in the early 2000′s.
“Before it was mostly just pasture land,” Carter said. Today, the 270 acres are made up of a mix of single-family homes, townhomes, a new Wawa convenience store and industrial developments.
The marketing material for the project, dubbed the South Orange Avenue Logistics Center, boasts its proximity to the Central Florida Greeneway/S.R. 417 and Florida’s Turnpike.
The logistics center is about a mile and a half south of the Meadow Woods Sunrail station, where Virgin Trains is planning to make one of its connections that will eventually link commuters to stops at Orlando International Airport and Walt Disney World.
Virgin Trains, formerly doing business as Brightline, also plans to eventually expand to Tampa and already has stops throughout South Florida.