Elevation Development has signed Planet Fitness as an anchor to Shoppes at Citrus Ridge, just south of Posner Park in Davenport. The retail center is approved for 90,000 square feet, including a 16,500-square-foot grocery store.

Planet Fitness has signed a lease for a 20,000-square-foot fitness center in Shoppes at Citrus Ridge, a new mixed-use development on U.S. 27 by Orlando-based Elevation Development.

Elevation Principal Owais Khanani told GrowthSpotter he expects to break ground in September on the project, which is entitled for 90,000 square feet of retail and 300-plus townhomes.

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The Davenport location helps fill a service area gap for the fitness chain, which has locations in Kissimmee and Winter Haven but none in the Four Corners submarket.

Planet Fitness will take the largest space in the retail center. Elevation also has a 16,500-square-foot supermarket on the site plan. Khanani said he's in active negotiations with national grocery retailer. The company enganged Metro Group's Archenics to design the retail center.

Equity Investment Services' retail team of Nick Barbato and Eric Portnoy are leading up the pre-construction lease-up of the project.

Elevation Development has updated the site plan for the retail portion of its Citrus Ridge mixed-use project in Davenport. The new plan has two anchors, a grocery and Planet Fitness, at the intersection of U.S. 27 and Minute Made Ramp Road.
Elevation Development has updated the site plan for the retail portion of its Citrus Ridge mixed-use project in Davenport. The new plan has two anchors, a grocery and Planet Fitness, at the intersection of U.S. 27 and Minute Made Ramp Road. (Elevation Development)

Meanwhile, civil engineer Mitch Collins is updating the residential design for site plan review. Khanani said the townhome portion will be residential front-entry units, each 22-feet wide with a one-car garage.

"We're site planning it now -- taking through the engineering -- and in discussion with national builders to potentialy sell that piece," Khanani said.

He said the site plan should be completed in the 30 days and would include an amenity center with a community pool, clubhouse with fitness center and meeting room and a tot lot.

Editor's note: This article has been updated to correct the name of the anchor tenant in the photo caption.

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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