An investment group led by Daryl Carter is prepping a 10-acre retail site on Narcoossee Road for the first major grocery store on that road between U.S. 192 and Lake Nona.
The site is at the southeast corner of Narcoossee and Cyrils Drive, which will be the main east-west connection into Tavistock Development’s massive Sunbridge community.
“We think it’s a good commercial corner, and we’re getting ready for development,” Carter told GrowthSpotter.
Osceola County has a developer agreement with Tavistock and Pulte Homes, which is building a large Del Webb community in Sunbridge, to widen Cyrils Drive and upgrade with intersection at Narcoossee with a signal and turn lanes. Carter said they haven’t had any formal discussions regarding a right-of-way dedication yet.
“We’re friendly with them and will work in a collegial manner,” he added.
Mahoney is scheduled for a pre-application meeting with the county’s Development Review Committee next week. The plan shows a standard 48,387 square foot grocery store with 10,000 square feet of inline retail and two 1-acre outparcels fronting on Narcoossee.
“We would do build-to-suit there through our affiliated entity in the hopes we could attract a grocery anchor to that corner,” Carter said.
The closest grocery stores to the south are at the intersection with U.S. 192 in St. Cloud, 6.4 miles away, or in Lake Nona, 2.5 miles to the north. Carter said the outparcels would be suitable for a fuel station/convenience store, a bank and/or restaurants.
He also controls the parcel at the northeast corner of the intersection, which totals 10.7 acres and is slated for commercial development. Both parcels have been owned by the Carter family trust for decades.
“At one point, we had 2,100 acres,” he said. The bulk of the Carter trust holdings were sold to Orange and Osceola counties and became the Split Oak Forest environmental preserve. Other portions were sold to Tavistock Development (in 2018) and to the former Standard Pacific Homes, which is now owned by Lennar Homes.
In September, representatives of Alpharetta, Ga.-based Principal Senior Living Group met with county planners to discuss the 12.8-acre site at the southwest corner of Narcoossee and Cyrils. The company is seeking to rezone the property for one of its signature “Benton House” assisted living facilities.
Pulte is also actively building in the area now, with its Lakeshore at Narcoossee project and 197-lot Split Oak Estates.