Car dealer Terry Taylor, who Automotive News once called the seemingly most aggressive buyer of dealerships in the U.S., is commencing to pursue plans for a new Jaguar Land Rover dealership along Orange Blossom Trail.
Taylor tapped Spring Engineering, Inc. to request a pre-application meeting with Orange County’s Technical Review Group to discuss the construction of an auto dealership on 7.7 acres of vacant land it acquired in April.
Through entity TT of Orlando, Inc., Taylor’s privately-held West Palm Beach-based Automotive Management Services Inc. paid $7.5 million for three adjacent plots of land southwest of the intersection between Orange Blossom Tail and W Taft Vineland Road.
The application states the dealership would rise at 9588 S. Orange Blossom Trail, if approved. The company also owns a Jaguar Land Rover dealership in Fort Myers.
Last year, Automotive News reported that Taylor owned 120 U.S. dealerships, and is believed to sell some 300,000 new and used vehicles a year — beating out publicly-owned Sonic Automotive Inc., which sold 257,217 new and used vehicles last year at 112 dealerships, and privately-held Hendrick Automotive Group, which sold 205,106 new and used vehicles at 98 dealerships.
In 2017, the Florida-native entrepreneur made real estate headlines when he dropped $25 million for a penthouse at Gil Dezer’s Porsche Design Tower in Sunny Isles Beach, according to The Real Deal.
In more car news, Ferrari-Maserati of Central Florida is constructing a 55,000-square-foot sales center, showroom and service center just south of Conway Road, on Vineland Road. It bought the land in 2016 for $4.6 million from Franklin, Tenn.-based UP Development., which amassed 23 acres of land west of Mall at Millenia in 2016.
Phoenix-based online auto dealer Carvana recently completed its first Orlando-area “car vending tower" at 3511 Rio Vista Ave., which fronts I-4.
Taylor’s property, on the other hand, is east of I-4, though still a close distance to SeaWorld and the Orange County Convention Center.
To the east of the property is Orlando International Airport. The surrounding commercial real estate market has seen high investment interest as of late, likely due in part to market reports used by brokers predicting OIA to be the number one busiest airport in the next 10 years.