Orlando-based Regional Construction Inc. is planning to build a 31,000-square-foot warehouse near the Franklin Street-S.R. 429 intersection in Ocoee, adding to the building boom in that section of west Orange County.
The prospective warehouse and office are slated for a 2.94-acre tract located at 400 Ocoee Business Parkway, just west of Maguire Road, according to documents the company filed with the St. Johns River Water Management District.
Marcus Hooker, a manager and member of the Hooker family that founded Regional Construction in 1976, told GrowthSpotter the value of the project will be $3.8 million to $4 million when finished. The Hookers bought the property for $573,000 in April.
The company is finalizing its construction plans submission to the city of Ocoee, Hooker said, and hopes to break ground on the tilt-wall building in the next month or two.
"We're after one or two or three tenants that need dock space; tenants with quality credit and good financials," Hooker said. "My dream goal is one tenant."
The Hookers' warehouse follows several project announcements this year in that immediate southeast quadrant of the highway intersection.
GrowthSpotter reported in July that Charlotte-based MPV Properties was preparing a site facing S.R. 429 for Sunbelt Rentals, to be the construction equipment supplier's second store in the Greater Orlando area. Located at 501 Enterprise St., the 27.86-acre parcel fronts both Maguire Road and the state highway, and is just south of those thoroughfares' intersection with Franklin Street.
In September, McCraney Property Company shared plans for three new warehouses that could total 646,000 square feet. The buildings are to be located on a 44.1-acre parcel, accessible off Maguire Road and southeast of the Franklin Street and S.R. 429 intersection.
The Hooker family also found the area attractive. The family owns a warehouse building with one tenant across the street from their current project, Marcus Hooker said.
"It's a growing area and a good location with the on- and off-ramps for 429 at Franklin Street," he said. "It's a good area for truck traffic to access major highways. It's easy to get to."