The owners of the Flamingo Waterpark Resort on E192 at the Florida Turnpike interchange are moving forward with plans to build a shopping and lifestyle center in front of the hotel.
Miami-based Blue Road paid $9 million in 2014 to buy the 245-room full-service hotel, and has invested another $2 million in renovations and rebranding. That included converting 60 rooms to a new Flamingo Express hotel for business travelers.
Over the last two years the company has assembled nearly 30 acres of land around the hotel with plans to develop it with a mix of retail, offices and future residential.
Project Manager Fabian Banus told GrowthSpotter the 5-acre commercial project fronting E192 is the first phase, and they hope to break ground before the end of this year. The target customers will be a mix of tourists -- the hotel serves 150,000 visitors per year -- as well as Turnpike commuters and high tech employees working at NeoCity.
Flamingo Shops would comprise roughly 30,000 square feet of national branded dining and retail, and would include one mixed-use building with ground-floor retail and offices upstairs.
"Our plan is to create a food and entertainment commercial center with a mix of restaurants and cafes, a sports bar and a pizza place," Banus said. The firm is in the market for a commercial broker to assist with tenant leasing.
Banus recently filed a Preliminary Subdivision Plan (PSP) for the Flamingo Commercial Center, and is working with Hanson, Walter & Associates on a site plan. The PSP is on next week's Development Review Committee consent agenda.
Banus said Blue Road principals strongly support the new design guidelines. "We really agree with all that," he said. "In South Beach, in the beginning we saw all this regulation, but now we see the city they created and we know it was worth it."
The project is in the district's General Commercial zone, which allows single-story buildings. Other zones require a minimum of two stories.
Blue Road built its reputation developing high-end condos in South Florida and operates several luxury hotels. Banus said the Kissimmee complex may include residential product on the former abandoned golf course property that was purchased last year, but for now the company is focusing on the commercial development.