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Build-to-suit industrial warehouse planned in Poinciana area

Developer Robert Zlatkiss purchased the 97 acres outlined in red in the Poinciana Industrial Park. Ryan Companies is planning a 200,000-square-foot distribution warehouse on the 20-acre lot just south of Trinity Industrial Park.
Developer Robert Zlatkiss purchased the 97 acres outlined in red in the Poinciana Industrial Park. Ryan Companies is planning a 200,000-square-foot distribution warehouse on the 20-acre lot just south of Trinity Industrial Park. (Osceola County Property Appraiser)

National real estate developer Ryan Companies is planning a big-box logistics warehouse on 20 acres in the Poinciana Industrial Park Planned Development.

Director of Construction Brad Hill attended a pre-application meeting Wednesday with Osceola County’s Development Review Committee to discuss the zoning regulations and site plan for the proposed warehouse.

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“From a high-level standpoint, we’re looking at just under a 200,000-square-foot distribution facility with a small office component and a small truck shop components for maintenance of vehicles and things, and then the typical onsite parking and stormwater needs for the building,” Hill said.

The proposed warehouse would be 200,000 square feet with space for a future 50,000-square-foot expansion.
The proposed warehouse would be 200,000 square feet with space for a future 50,000-square-foot expansion. (Ryan Companies/Atwell)

The site plan also shows a designated refrigerated section, noted as a keg room, and it reserves an additional 50,000 square feet for future expansion.

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The project is on a platted, 20-acre lot in the industrial park that was purchased in September by land developer Robert Zlatkiss, founder and president of American Land Development. Zlatkiss paid $3.5 million to Taylor Morrison Homes, successor to AV Homes, for about 97 acres of property just south of Industrial Lane and north of Enterprise Drive.

Zlatkiss has assembled properties throughout Central Florida for residential and industrial projects. He was one of the investors that assembled the land for Highland Homes’ Siena Reserve on Jones Road in the East Narcoossee area, and he also is a joint-venture partner with Blue Steele Development on the 230-acre 429 Apopka industrial park.

It’s in a fast-growing industrial corridor, immediately south of Hanover Capital Partners’ Trinity Industrial Park. Hanover broke ground a year ago and recently completed 120,000 square feet of industrial space. Vice President Matthew Orosz told GrowthSpotter the first phase is 94% leased, and the company is getting ready to file building permits for the last two buildings, which will add another 70,000 square feet to the park.

The first two buildings will add 125,000 square feet of warehouse space to the Kissimmee submarket.

“Our project’s going great,” Orosz said. “We have two buildings up, and we’re starting the planning process for our last two buildings, which will be ready hopefully in late summer 2022.”

Hanover’s two largest tenants are Tire Recycling Center, which manufactures rubber mulch, and Land Rover customization firm, East Coast Defenders.

“The biggest thing for us is access to labor is really strong in the Poinciana area,” Orosz said. “That market has been undertapped by the big employment users.”

Last month, a development team from Design2Form held a pre-application meeting for a proposed trucking distribution and maintenance center on the 16.5-acre parcel just west of the Zlatkiss property. That property sold in January for $2.3 million to Azir LLC, an investment vehicle led by Azizjon Khakimdjanov. The development group presented a conceptual plan for a two-building logistic center with 30 truck bays, but Osceola’s planning staff told them the project would need to be redesigned to comply with the county’s building standard for industrial sites.

The snack food giant agrees to hire 180 full-time workers and pay them at least $43,000 in exchange for getting a rebate on its property taxes.

The site lies southeast of Sunray Junction, a 37-acre commercial subdivision planned by developer Thomas Chalifoux, founder of Chalifoux Management Group. The site occupies the southeast corner of Orange Blossom Trail/U.S. 17-92 and Poinciana Boulevard and has a submitted Site Development Plan that creates a multi-phased retail and office park with more than 11 acres reserved for a potential urgent care center and/or independent senior living facility.

Nearby, Frito Lay will start construction next year on a $180 million fulfillment center at 1496 S. Poinciana Boulevard. The project, which was rebooted this year after a two-year delay, is slated to open in early 2024.

Just north of the Frito Lay property, Pulte Homes and Hanover Family Builders are currently selling homes in Cypress Hammocks, a 502-home subdivision. “Our residential is doing really well,” Orosz said. “We are closing out Phase 1 and will release lots for Phase 2 in December.”

Have a tip about Central Florida development? Contact me at lkinsler@GrowthSpotter.com or (407) 420-6261, or tweet me at @byLauraKinsler. Follow GrowthSpotter on FacebookTwitter and LinkedIn.

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