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Osceola County Developments

Shopping center developer buys prime corner lot site near Reunion Resort

A Chattanooga-based shopping center paid $1.2 million last week for a prime corner piece of the 15-acre Orlando Tree Trek Adventure Park.

Adventure park owner Dave Lemieux told GrowthSpotter the park would remain open. "We didn't sell all our property, it's just a corner piece at the back of our property that is not currently used as a part of our operation."

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Equitas Management Group, a division of EMJ Corp., was the developer behind Orlando's Lee Vista Promenade shopping center, and has developed hotels in Clearwater and Fort Myers.

Orlando Tree Trek opened in late 2014 and is one of about a half dozen high-ropes adventure parks in the Greater Orlando market.

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"We're having a good year," Lemieux said. "We're not planning on going anywhere."

The buyer received approval in March for a Site Development Plan for a 7-Eleven fuel station and 3,000-square-foot convenience store. The final plat and building permits are pending.

The site is at the intersection of Sinclair Road and Old Lake Wilson Road, across the street from Encore's Reunion West vacation home community. That project is approved for more than 700 homes on 250 acres.

Construction is expected to start this summer on a 300-unit townhouse and apartment complex just down the road on both sides of Sinclair Road. Tampa-based DeBartolo Development is the developer on that project.

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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