Retail & Restaurants Developments

  • Charlotte firm enters Orlando market via $26M I-Drive purchase

    Charlotte firm enters Orlando market via $26M I-Drive purchase

    A Charlotte-based CRE firm with commercial properties throughout Florida entered the Orlando market with the purchase of the International Drive Value Center. Collett paid $26 million for the shopping center, which abuts the Fun Spot amusement park on one side and Artegon Mall on the other. The...

  • New SunTrust Bank to anchor U.S. 17-92 project in near Casselberry’s Lake Concord

    New SunTrust Bank to anchor U.S. 17-92 project in near Casselberry’s Lake Concord

    A new SunTrust Bank is coming to Casselberry’s Lake Concord Park and two restaurants may be part of the package later, according to documents submitted to the city. The bank, with a drive-through teller, will be built on a vacant 2.8-acre parcel on the southeast corner of U.S. 17-92 and Triplet...

  • Elevation Development makes foray into Polk County with mixed-use on U.S. 27

    Elevation Development makes foray into Polk County with mixed-use on U.S. 27

    Orlando-based Elevation Development is submitting plans for a 42.42-acre, mixed-used development about a mile south of Posner Park mall on busy U.S. 27. Elevation principal Owais Khanani told GrowthSpotter the development, dubbed Shoppes at Citrus Ridge, will have 75,000 square feet of retail along...

  • Unicorp's Whittall talks retail plans, apartment community at O-Town West

    Unicorp's Whittall talks retail plans, apartment community at O-Town West

    Unicorp National Developments has filed the first of what will be several new conceptual plans for the massive O-Town West mixed-use development. Unicorp CEO Chuck Whittall told GrowthSpotter he's planning a variety of high-end apartment types that would be constructed over multiple phases. The...

  • Tavistock eyes new hotel site at key Lake Nona interchange

    Tavistock eyes new hotel site at key Lake Nona interchange

    Tavistock Development Company is eyeing property at a key interchange of the S.R. 417 toll road in Lake Nona for a new hotel with up to 250 rooms. The Lake Nona master developer sent one of its top entitlements specialists to a meeting earlier this month with Orlando planning officials and owner/developer...

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  • Unicorp's Whittall finds west coast inspiration for Fashion Square Mall redux

    Unicorp's Whittall finds west coast inspiration for Fashion Square Mall redux

    Orlando developer Chuck Whittall said he's looking to Southern California for the inspiration and model to rebuild the struggling Orlando Fashion Square mall from the ground up. "There's really two that come to mind," he told GrowthSpotter. "The first is Fashion Island at Newport Beach. The other...

  • Boyland Auto reconsiders Mercedes-Benz dealership move in Orlando

    Boyland Auto reconsiders Mercedes-Benz dealership move in Orlando

    Mercedes-Benz of South Orlando has reconsidered its plan to relocate the luxury auto dealership near Mall of Millenia to a new site a mile away. Boyland Auto Group paid nearly $13.15 million last year for 23-acres on Millenia Boulevard east of the intersection of Interstate 4 and the Florida Turnpike....

  • Tupperware expects flurry of sales around Kissimmee campus in coming months

    Tupperware expects flurry of sales around Kissimmee campus in coming months

    Tupperware's Deerfield Land Development has sold its fourth multifamily site to Fore Property Company and expects a flurry of other land closings before the end of the year, a lead executive said. Fore paid $2.6 million for the 7-acre site at the intersection of Ball Park Road and Batts Street,...

  • RIDA announces new tenant line-up for downtown ChampionsGate

    RIDA announces new tenant line-up for downtown ChampionsGate

    RIDA Development Corp. has added four new tenants to its Downtown ChampionsGate Shopping Center, leaving just one end-cap space available. RIDA Senior Vice President Marc Reicher told GrowthSpotter he has executed leases with Huey Magoo’s Chicken Tenders, Great Clips, Little Greek Fresh Grill,...

  • Second plasma center heading to Kissimmee shopping center next to SunRail

    Second plasma center heading to Kissimmee shopping center next to SunRail

    A Boca Raton-based plasma collection company appears to be headed to Kissimmee's Gateway Station, making it the second such company to locate in the same shopping center next to the new Tupperware SunRail station and walking distance from the new Orlando Health Tupperware campus. CSL Plasma spokeswoman Mary...

  • LIFT Orlando clearing commercial site near Camping World Stadium

    LIFT Orlando clearing commercial site near Camping World Stadium

    LIFT Orlando plans to start clearing land it bought last year just east of Camping World Stadium, but the agency hasn't confirmed future plans for the 7.2-acre site. A LIFT affiliate assembled four parcels at the corner of W. Church Street and S. Norton Avenue for a combined total of $2.9 million....

  • Tampa investment firm pays $16.8M for Kissimmee Walmart-anchored center

    Tampa investment firm pays $16.8M for Kissimmee Walmart-anchored center

    A Tampa investment firm that specializes in mid-market grocery-anchored retail centers paid $16.8 million this month to enter the greater Orlando market via Kissimmee. East Coast Acquisitions (ECA) purchased the Walmart Neighborhood Market-anchored Vine Street Square in a deed that posted Sept....

  • Haines City approves townhomes in new 28-acre mixed-use community

    Haines City approves townhomes in new 28-acre mixed-use community

    Haines City has approved plans for a 182-unit townhouse community  on the rapidly growing C.R. 544 corridor east of Little Lake Hamilton. "A lot of the development we're seeing in Haines City is single family," Deputy Director of Development Mark Bennett said. "This is a great project because it's...

  • Magic to file revised master plan for downtown entertainment district

    Magic to file revised master plan for downtown entertainment district

    With groundbreaking anticipated in 2019, the Orlando Magic and its new architect have revised the master plan for the long-anticipated Sports and Entertainment District across from the Amway Center and are actively seeking development partners for the hotel and multifamily components of the district....

  • Magic Development planning huge new food hall to anchor retail at W192 resort

    Magic Development planning huge new food hall to anchor retail at W192 resort

    Orlando's largest food hall is headed to Kissimmee's W192 tourism corridor. Magic Development CEO Rodrigo Cunha told GrowthSpotter the company will build a 30,000-square-foot food hall to anchor the first phase of the company's multi-billion dollar Magic Place by Pininfarina luxury resort.  "It's...

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  • Winter Park National Bank buys drive-thru property for future expansion

    Winter Park National Bank buys drive-thru property for future expansion

    Winter Park National Bank, which celebrates its one-year anniversary next week, paid $1.5 million on Wednesday for a former SunTrust drive-in teller property next to its office to set up future expansion. Located at 345 Carolina Ave., the 0.45-acre parcel lies a block west of Winter Park's Central...

  • Palm Beach-based PE firm closes new $495M fund, seeks value-add retail assets

    Palm Beach-based PE firm closes new $495M fund, seeks value-add retail assets

    A Palm Beach-based private equity real estate investment firm with one asset in Winter Park announced last week it had closed its fourth fund with $495 million in capital, and will pursue retail properties in major markets over the coming months, including Greater Orlando. Sterling Organization...

  • Central Parc developers plan $18M commercial plaza in south Seminole

    Central Parc developers plan $18M commercial plaza in south Seminole

    Central Parc Development's Miguel de Arcos and Dominic Nori are preparing a new 64,744-square-foot commercial plaza in south Seminole County, meant to capitalize on a 700-home gated community being built down the road.  Located on Howell Branch Road just west of Eastbrook Boulevard, the estimated...

  • Master plans for parks & infrastructure to guide Creative Village investors

    Master plans for parks & infrastructure to guide Creative Village investors

    Updated master plans for the phasing of infrastructure and green space at Creative Village were presented to city staff on Tuesday, and should give certainty to developers considering long-term investment in the downtown Orlando campus while also supporting property values.   VHB's Orlando office...

  • New bigger Publix prototype to anchor center across from Providence community

    New bigger Publix prototype to anchor center across from Providence community

    Halvorsen Holdings, a Boca Raton-based developer, has filed a preliminary site plan for a new Publix-anchored shopping center across from the Providence golf community in Polk County. "Loughman Crossing" could be the first Publix in the company's home county to feature its newest prototype store....

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  • Taurus nears permit & groundbreaking on Phase 1 of Apopka City Center

    Taurus nears permit & groundbreaking on Phase 1 of Apopka City Center

    Site work on the first-phase hotel at Apopka City Center should begin in the third quarter by developer Taurus Southern Investments, with key widening of public roads by the city to follow before year's end, a lead executive with the company told GrowthSpotter.  Apopka's City Council reviewed a...

  • California CRE investors enter Florida market with Orlando shopping center

    California CRE investors enter Florida market with Orlando shopping center

    Los Angeles-based LBX Investments paid $19.8 million on Thursday for its first commercial real estate asset in Florida, buying a shopping center south of UCF with an eye for similar assets across the state. Anchored at 11841 E. Colonial Dr. on the corner of Alafaya Trail, the company bought the...

  • Clermont seeks CRE developers & restaurateurs for downtown waterfront

    Clermont seeks CRE developers & restaurateurs for downtown waterfront

    The City of Clermont is seeking a developer to purchase and revamp two city-owned parcels on a hard corner in its downtown waterfront area, and restaurant operators to take vacant space in the area.  Clermont is requesting Letters of Interest from commercial developers with at least five years...

  • Expansion & redevelopment prepped for Oviedo shopping center w/specialty grocer

    Expansion & redevelopment prepped for Oviedo shopping center w/specialty grocer

    The former City Center shopping plaza in Oviedo is getting a major facelift that will include six new buildings, one of which will house the second regional location for specialty grocer Sprouts Farmers Market. Located at W. Mitchell Hammock Road and Alafaya Trail, work on the project should start...

  • I-Drive restaurant sues landlord over lack of protection for contracted parking

    I-Drive restaurant sues landlord over lack of protection for contracted parking

    A leading restaurant tenant in the I-Shops shopping center along International Drive is suing landlord Unicorp National Developments, claiming the developer hasn't protected its contractually guaranteed parking spaces -- a key factor in its choice to lease some of the most expensive retail property...

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  • New Cali-Mex restaurant concept lined up for Winter Park's former Carmel Kitchen

    New Cali-Mex restaurant concept lined up for Winter Park's former Carmel Kitchen

    A local real estate investor paid $3.75 million last Thursday for a vacant restaurant property on a prominent corner in Winter Park, and has a new Cali-Mexican restaurant concept lined up to lease the space.  Located at 140 N. Orlando Ave. just north of the intersection with Morse Boulevard, the...

  • Local TV news set design-build firm pays $2.5M for new Orlando flex warehouse

    Local TV news set design-build firm pays $2.5M for new Orlando flex warehouse

    A local turnkey producer of television studio sets paid $2.52 million on Friday for a new Orlando office-warehouse property, capitalizing on market demand to right-size out of its old property and turn a profit.  Located at 3101 Pennington Road, the 1.8-acre parcel features three single-story modular...

  • Mission BBQ files plans as third outparcel for Orlando Fashion Square redevelopment

    Mission BBQ files plans as third outparcel for Orlando Fashion Square redevelopment

    Maryland-based fast casual chain Mission BBQ filed plans last week for its second Greater Orlando location, with a third in negotiations in the airport submarket as Central Florida takes a prominent place in the company's growth plan. A Master Plan filed with the City of Orlando confirms Mission...

  • Headquarter Hyundai to start construction soon on new Sanford dealership

    Headquarter Hyundai to start construction soon on new Sanford dealership

    Headquarter Hyundai, now operating out of a 60-year-old leased building between Longwood and Sanford, hopes to open a brand new dealership in Sanford after the first of the year. The auto dealership, part of Headquarter Auto Group of Central Florida, is now doing business at 3775 U.S. Highway 17-92....

  • Brazilian restaurant chain to enter U.S. market via North I-Drive

    Brazilian restaurant chain to enter U.S. market via North I-Drive

    A popular Brazilian restaurant chain will make its U.S. market entry here in Orlando on International Drive. Marcelo Barcia will open his 12th Boteco do Manolo restaurant in the former Tilted Kilt building just north of Sand Lake Road. He signed a 10-year lease with renewable options for the second-generation...

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  • Local investor pays $3.55M for Oviedo on the Park restaurant duo

    Local investor pays $3.55M for Oviedo on the Park restaurant duo

    PAC Land Development sold two recently completed regional chain restaurants on Friday in the Oviedo on the Park mixed-use project. "We took it to market in January," Colliers International's Scott Corbin told GrowthSpotter. "There was a lot of interest in this property; we had multiple offers."  ...

  • Former NFL teammates reunite to buy Horizon West land entitled for retail

    Former NFL teammates reunite to buy Horizon West land entitled for retail

    Two former members of the Chicago Bears football team have reunited to purchase a vacant lot in Horizon West's Village F, entitled for 20,000 square feet of neighborhood retail amid a sea of future home lots.  Corey Graham and Devin Hester, who played together for the Bears from 2007 to 2011, paid...

  • Developer Tim Majors buys Ivanhoe Village bldg to expand HQ, bar & lounge service

    Developer Tim Majors buys Ivanhoe Village bldg to expand HQ, bar & lounge service

    An affiliate of local developer Majors Investments paid $1 million on Friday to expand its headquarters building in downtown Orlando's Ivanhoe Village, with plans to add food preparation space to serve its popular bar and lounge.  Located at 2010 N. Orange Ave., the 0.2-acre parcel has a one-story...

  • University Club buys space in new downtown Orlando tower, preps buildout

    University Club buys space in new downtown Orlando tower, preps buildout

    The University Club of Orlando paid more than $2.135 million on Friday for four floors of space in the new Modera Central tower in downtown Orlando, and could begin buildout in two weeks with a goal of opening by year's end, its president told GrowthSpotter.  Addressed at 125 E. Pine St., the 22-story...

  • Orlando Ballet files plans for HQ & school at Loch Haven Park, seeks temp space

    Orlando Ballet files plans for HQ & school at Loch Haven Park, seeks temp space

    The Orlando Ballet filed formal plans this week to redevelop the Loch Haven Park Neighborhood Center in downtown Orlando as an all-inclusive headquarters, and will be seeking temporary space to lease while demolition and construction occur over the next year.  The organization leases the property...

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  • Local government officials recap week at ICSC RECon

    Local government officials recap week at ICSC RECon

    Osceola County's W192 Development Authority and city officials from Ocoee and Orlando joined 1,200 exhibitors last week in Las Vegas for the world's largest real estate convention. Hosted by the International Conference of Shopping Centers (ICSC), RECon annually attracts 37,000 commercial real...

  • NY investor pays $16.2M+ for triple-net restaurant site on I-Drive

    NY investor pays $16.2M+ for triple-net restaurant site on I-Drive

    A New York-based private investor paid $16.245 million last week to enter the Orlando market, buying a triple-net retail asset from Darden Corporation on International Drive.  Located at 8849 I-Drive, the 2.5-acre parcel features a Bahama Breeze restaurant built in 1996 with 8,928 square feet of...

  • Local furniture distributor hits stride as CRE investor w/warehouse in Longwood

    Local furniture distributor hits stride as CRE investor w/warehouse in Longwood

    Craig Caswell, founder and owner of Orlando-based Common Sense Office Furniture, has launched a satisfying and profitable sideline in commercial real estate investing. He completed his second local property investment earlier this month, buying the former Fields Motorcars of Florida repair shop...

  • Disney refines plan, seeks design-build teams for Flamingo Crossings retail hub

    Disney refines plan, seeks design-build teams for Flamingo Crossings retail hub

    The Walt Disney Company is refining plans and seeking contractors for development of a retail center hub at its Flamingo Crossings district west of S.R. 429, with 2021 targeted for completion. Walt Disney Imagineering issued a private Request for Qualifications (RFQ) earlier this month for design-build...

  • Local auto group to build new dealership, retail space on busy Seminole highway

    Local auto group to build new dealership, retail space on busy Seminole highway

    Orlando auto salesman and general contractor Gary Jensen is planning a 14,000-square-foot commercial building near Sanford to house his Terra Firma Auto Group dealership, with space left over for retail and light-industrial leasing. Jensen paid $500,000 in early May for the 2.65-acre project site...

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  • Rooms To Go brings land under contract near Millenia for 7th area store

    Rooms To Go brings land under contract near Millenia for 7th area store

    Tampa-based furniture retailer Rooms To Go has a site under contract near the Mall at Millenia for what would be its seventh store in Greater Orlando, with prime highway frontage next to a growing competitor.  Located at 4751 Vineland Road just south of the intersection with Conroy Road, the 5.9-acre parcel...

  • New developer wants to capitalize on buyer interest for Four Corners Town Center

    New developer wants to capitalize on buyer interest for Four Corners Town Center

    A new developer and owner of a key commercial site on U.S. 27 in Polk County is banking on renewed interest in the Four Corners Town Center to lure a national flag hotel and retailers to his site. Granite Davenport LLC, an affiliate of New York hotelier Harry Gross, closed on the 17-acre site at...

  • Developer of Apopka's Oak Pointe project nears groundbreaking after 13 years

    Developer of Apopka's Oak Pointe project nears groundbreaking after 13 years

    A South Florida developer who has sat patiently on 100 acres in Apopka since 2005 is approaching his long-awaited groundbreaking in the next two months, with the benefit of new infrastructure and population growth in Orange County's second largest city. Land for the Oak Pointe development covers...

  • Developer files plan for mixed-use project at main entrance to NeoCity

    Developer files plan for mixed-use project at main entrance to NeoCity

    Kissimmee-based Schoolfield Properties is preparing an 18-acre mixed-use project that will serve as the main gateway entrance to the NeoCity tech district. With a mix of office, retail, residential and hotel uses, Valencia Village has been designated a "project of significance" by the city because...

  • Maitland office owner pursues retail-dining infill along busy thoroughfare

    Maitland office owner pursues retail-dining infill along busy thoroughfare

    A local veteran attorney is pursuing retail-commercial infill for property along a busy Maitland thoroughfare, and has more land in the vicinity that may be considered for redevelopment.  Located at 500 N. Maitland Ave., the 2.64-acre parcel is about half developed now with a three-story, 27,445-square-foot...

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