Plans for an airplane parts repair warehouse paired with a suite of upscale shops have been submitted for Orlando's development review process, set for 10 acres along Narcoossee Road, five miles north of Orlando International Airport.
Real Estate agent Dana Stanley of Premium Properties Real Estate Services said he is dividing the 10-acre parcel into two, with room for a 60,000-square-foot warehouse on one part of the property, and between 30,000 and 35,000 square feet of upscale shops on 3.5 to 4 acres between Old Goldenrod Road and Narcoossee Road, directly north of Bipe Lane.
The warehouse portion, which will absorb roughly 6.25 acres, is under contract for sale to Mark Smith of MAS Property Holdings LLC, who plans to build and lease the warehouse to Hawk Aviation, recently renamed TB Aerospace Techniques. Smith once owned Hawk, which repairs wheels and brakes for airplanes, and now is affiliated as an employee, he said.
Stanley declined to confirm the contracted purchase price for the land, saying the sum is misrepresentative because the warehouse property will contain the water retention needs for the shops as well as the warehouse.
Smith said he hopes to have construction on the warehouse started by September, a process that could take between eight months to a year. Advanced Design and Contractors is the builder, Stanley said.
The warehouse construction is timed to correspond with the widening of Narcooseee Road, he added.
"The leasee is chomping at the bit," said Smith, referring to TB Aerospace Techniques, the planned tenant. TB Aerospace is growing from eight employees in 2015 to 25, he added.
Meanwhile, Stanley is planning to list the other half of the site, vacant land zoned for retail and commercial, for $1.5 million.