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Miami-based Pan American Group paid $7.5 million in June for the former Osceola Flea Market property on E192 at the FL Turnpike. Construction on the new 200,000-square-foot St. Cloud Commons shopping center will start before the end of the year.
Miami-based Pan American Group paid $7.5 million in June for the former Osceola Flea Market property on E192 at the FL Turnpike. Construction on the new 200,000-square-foot St. Cloud Commons shopping center will start before the end of the year. (Pan American)

Miami-based Pan American Companies has already begun demolishing the Osceola Flea Market to make way for a new 33-acre shopping center at the U.S. 192-Florida Turnpike interchange in Kissimmee-St. Cloud.

GrowthSpotter first reported in March that PanAm was eying the location for a 200,000-square-foot retail plaza. The developer pulled the trigger in late June, buying the land for $7.5 million.

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PanAm has since filed updated subdivision plans and site development plans for the project, now officially named St. Cloud Commons. Groundbreaking is slated before the end of the year with opening scheduled for 2017.

Miami developer planning new shopping center at Turnpike interchange in Osceola

PanAmerican Companies has filed preliminary plans for a 33-acre shopping center at the U.S. 192-Florida Turnpike interchange.

The new site plan makes two significant changes to the project -- both confirmed by the company's construction manager. First, the retail plaza will now be built in one phase rather than two.  Also, the largest retail space has been expanded from 40,800 square feet to 55,085 square feet.

A list of proposed tenants includes: PetSmart, Marshall's, Ross Dress for Less, Famous Footwear, Hibbett Sports, Five Below, Michaels, and Styles for Less.

The site plan also calls for five outparcels ranging in size from 0.8 acres to 1.5 acres. Four of the outparcels would front directly on U.S. 192; the fifth would have strong visibility from the Turnpike.

Chen Moore & Associates is the project engineer.

Since the site is just outside of the E192 CRA District, PanAm isn't subject to the current building moratorium and won't have to comply with new design guidelines for the corridor.

The new shopping center, located at the north exit ramp from the Turnpike, is on a stretch of U.S. 192 that is being widened and rebuilt as a six-lane urban road. The Florida Department of Transportation last spring launched the $38 million project on the 4-mile segment extending from Aeronautical Drive to Budinger Avenue.

Converting the four-lane rural highway into a urban roadway means the drainage ditches will be replaced with underground stormwater lines. The urban design also requires more sidewalks, bike lanes and pedestrian crossings than rural highways.

Have a tip about Central Florida development? Contact me at lkinsler@GrowthSpotter.com or (407)420-6261, or tweet me at @LKinslerOGrowth. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.

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