Orlando-based Park Square Homes is moving forward with the next phase of its Champions Plaza development in Polk County with a 51,908 gross square-foot Publix grocery store.
The Davenport Publix would be the anchor store of a retail center that has been in the works since 2015, Park Square Commercial Real Estate Director Sid Gautam told GrowthSpotter.
“We are in talks with Publix. We haven’t made a public announcement for that,” Gautam said of the leasing negotiations.
The company plans an announcement when the lease is completed. County records show a temporary file with no attachments was filed Sept. 16 for a “Publix Grocery Store with Drive Thru Pharmacy and ATM and 16,000 gross square feet of in-line retail with supporting site infrastructure to service the Center” at 151 Bella Citta Blvd.
“It would be the anchor there,” Gautam said of the Publix store. “We have 6 outparcels and an in-line space as well that would be part of the Publix structure.”
Publix, founded in 1930 in Winter Haven, now has 1,227 stores, employees more than 200,000 people and reached retail sales in 2018 of $36.1 billion, according to the company’s Web site.
The outparcels aren’t in the leasing process yet, Gautam said. That will be the last phase of the Champions Crossing commercial project.
Champions Plaza – Park Square’s first foray into ground-up building development – began in 2015 with a 326-unit Class A apartment complex that broke ground in 2017. Next was an extended-stay hotel – WoodSpring Suites from Choice Hotels – yesterday was its grand opening celebration. “Everything is fluid right now,” Gautam said. “Hopefully we’ll be able to get it (plat) done in two or three months … We’re fixing issues.”
The original site plan for the commercial component of Champions Plaza included a 46,500-square foot grocery anchor. But last year Publix increased the size of its prototype store to 52,000 square feet, causing several developers to tweak their site plans. This was the case with Loughmans Crossing, at the corner of U.S. 17-92 and Poinciana Parkway, also known as Ronald Reagan Parkway.
The company has also filed plans in the last few months to build a new store in west Polk County, along County Line Road at Pipkin Road, a replacement store in Leesburg with the new, larger prototype.
The Champions Plaza retail center will benefit from the continued expansion of Lennar’s ChampionsGate resort along Bella Citta, and from the now reactived Tierra del Sol community, directly across the street.
Established in 1984, Park Square Homes built a reputation locally for building high-end vacation homes and resort products. The company is led by led by father-and-son team Suresh and Vishaal Gupta.
Park Square has several projects in pre-construction, including nearby on U.S. 27 in Polk County - a second parcel in its “Neo” branded mixed-use development. This phase of 370 apartments–27 Four Corners is known as Neo at Four Corners, Gautum said. Later phases could include 4-story hotel, an office building and approximately 20,000 square feet of retail and dining, Senior Project Manager Robert Mick told GrowthSpotter at the end of 2018.