Winter Park-based developerTitan Propertiesis pursuing purchase and redevelopment plans for a bowling alley property in Downtown Orlando, with the first phase potentially a four-story self storage facility with ground-floor retail.
Located at 400 N. Primrose Dr. on the northwest corner with E. Livingston Street, the 2.47-acre property lies on the back end of the Colonial Plaza retail center, and has been owned and occupied by Colonial Bowling Lanes since 1987, though the building dates to 1959.
Titan has the property under contract, and filed a Specific Parcel Master Plan with the city in early July for a proposed Extra Space Storage-branded facility.
"We like that (Milk District) submarket and will see where this goes with the city," Titan's in-house counsel Patricia Loy told GrowthSpotter. "A lot of cities view (self storage) as an industrial use, which draws a certain reaction. Fortunately the property has a lot of options thanks to its zoning as Metropolitan Activity Center (AC-3), so there are other uses we're looking at as well."
Titan is proposing to subdivide the site into 1.58-acre and 0.89-acre parcels, with the larger of the two developed first as a four-story, 102,745-square-foot self storage facility. The second parcel would be developed in the future with a separate SPMP.
The developer anticipates the city will ask for a portion of the building to include ground-floor retail space, said Loy, which Titan is preparing for.
Keesee and Associates has provided early conceptual architectural renderings, but Titan is still searching for an architect to hire, Loy said.
Management at the Colonial Lanes said Tuesday the business has not formalized plans yet to relocate.
Titan also has a 2.21-acre site under contract along Palm Parkway in Orlando's tourism corridor, with plans for a three-story, 96,300-square-foot Extra Space Storage facility.