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Lake County Developments

Benchmark Group plans more retail for Lady Lake near The Villages

Benchmark has purchased the property outlined in red, next to Lady Lake Town Hall, with plans for a new shopping complex.

The New York-based developer of three Lady Lake retail centers is planning another across the street from Lady Lake City Hall, near the oldest part of The Villages.

Through a local affiliate LLC, the Benchmark Group paid $3.4 million for an 18-acre parcel at the southeast corner of U.S. 27 and Fennell Boulevard, from Fennell Investments, a family trust, according to a deed recorded April 29.

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Benchmark has already developed Lady Lake Crossing and Village Crossroads of Lady Lake, as well as a local Sam's Club. The existing centers contain Kohl's, Best Buy, Kirkland's, Bed Bath and Beyond, Dollar Tree, McDonald's and a Verizon store, among other retail tenants.

In February, Benchmark presented a conceptual plan for the new land across from City Hall to the Lady Lake City Commission. It showed plans and some rough renderings for another multi-tenant development, with four outparcels and 80,750 square feet that it named "Lady Lake Commons."

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The company's affiliate LLC has not yet submitted a site plan to the city.

Representatives from Benchmark did not return multiple calls seeking comment on their plans for the property.

Teresa Burney can be reached at 352-455-1955 or at Teresaburney4@gmail.com. Follow GrowthSpotter on FacebookTwitterand LinkedIn.


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