Winter Park-based Battaglia Group is negotiating with a new developer for the retail portion of its 96-acre Maitland Concourse North property, as construction on the site's infrastructure nears completion later this year.
Located at 601 Trelago Way, the property fronts three lakes with direct access off W. Maitland Boulevard. Zoning for the mixed-use project was approved in 2016.
That first phase of development incorporates grading and infrastructure by Jon M Hall Company, a joint-use retention pond in concert with the Florida Department of Transportation, and Related's mix of garden-style apartments and two-story townhomes.
Construction on Related's multifamily segment, dubbed "Trelago," is underway with with general contractor Walker & Company and completion expected by December 2019, said Jeffrey Robbins, vice president of development.
Battaglia retained ownership of more than 52 surrounding acres, to be sold in stages for retail and other commercial development.
Lake Mary-based Pelloni Development, which was negotiating last year to buy 16 acres of boulevard frontage to build the project's 130,000 square feet of retail, is no longer under contract.
Negotiations for sale of the retail parcels are underway with a new unnamed buyer, a Battaglia Group spokesman told GrowthSpotter.
Battaglia Group is retaining ownership on parcels of 7.68 acres (office), 2.9 acres (hotel) and 5.77 acres (undetermined) for future sale or lease. Once a retail purchaser has been secured, Battaglia would move to market or develop the remaining parcels.
Battaglia's civil engineer on the project, Kimley-Horn, filed a permit modification request last week with the St. Johns River Water Management District.
The Maitland Concourse North project is served by a master stormwater facility that provides treatment and attenuation for the entire site and part of Maitland Boulevard.
The development will use collected stormwater as the primary source of irrigation, as long as the water level in its on-site pond is above a certain level, which was a key condition of approval in getting the city to rezone the property for mixed-use development.
Well water and potable water will be backup sources. Focusing stormwater to the irrigation system is meant to reduce discharge to the neighboring lakes.