Retail & Restaurants Developments

  • South Florida investment firm pays $2.5M for value add retail center near UCF

    South Florida investment firm pays $2.5M for value add retail center near UCF

    A South Florida-based investment company just scooped up the Lake Calvert Square retail center near the S.R. 408 and Colonial Drive interchange for $2.5 million. Built in 2006, the Lake Calvert Square retail center at 12100 E. Colonial Dr. features roughly 10,000 square feet of retail space — meaning...

  • Unicorp sells marquee Winter Park retail centers for $63.5M

    Unicorp sells marquee Winter Park retail centers for $63.5M

    Unicorp National Developments has sold one of its marquee retail properties to help finance future construction at its billion-dollar O-Town West mixed-use project.  CEO Chuck Whittal on Wednesday confirmed the company has sold the two Winter Park retail assets -- Lakeside and Lakeside Crossing...

  • Equinox pays $3.5M for key parcel in WaterStar Orlando town center

    Equinox pays $3.5M for key parcel in WaterStar Orlando town center

    Maitland-based Equinox Development Properties has closed on the first parcel in what would eventually be a 48-acre assemblage for the proposed WaterStar Orlando town center. Equinox CEO Ryan Stahl unveiled the mixed-use project, first reported by GrowthSpotter, at last year's ICSC Florida Conference...

  • Newly proposed mixed-use project could rise along Orlando’s Colonial Drive

    Newly proposed mixed-use project could rise along Orlando’s Colonial Drive

    A family investment team led by local owner-developer Daniel Wise is working to entitle nearly 13 acres of land along Colonial Drive for multifamily and retail use, with the prospect of selling it to a market-rate multifamily developer. The property at 6575 and 6525 E. Colonial Dr. currently holds...

  • Resort owner submits $2.9M bid for land at Osceola Parkway - Vineland interchange

    Resort owner submits $2.9M bid for land at Osceola Parkway - Vineland interchange

    The owner of Kissimmee's Calypso Cay Resort submitted the only bid for 5.9 acres of county-owned land across the street, at the Vineland Road-Osceola Parkway interchange. The property is just south of Sunrise City Plaza, and Osceola Commissioners declared it surplus in 2017. The county began seeking...

  • Philadelphia real estate investment firm pays $15.2M for Lake Mary shopping plaza

    Philadelphia real estate investment firm pays $15.2M for Lake Mary shopping plaza

    CenterSquare Investment Management, a real estate investment firm headquartered in Philadelphia, paid $15.2 million for the Park Lane Place dining hub on International Parkway at Heathrow Lane in Lake Mary, according to a deed signed Feb. 15 and recorded last Tuesday in Seminole County. The seller...

  • Developer of Apopka's Gateway Plaza retail center nears groundbreaking

    Developer of Apopka's Gateway Plaza retail center nears groundbreaking

    A Longwood-based developer who has been racking up land in Apopka since 2004 is close to breaking ground on a new retail project called Gateway Plaza.  VBRO Group, led by property investor and developer Ashish Kapadia, is looking to build more than 32,000 square feet of retail space on 3.36 acres...

  • Tampa CRE investment firm pays $6M+ for Altamonte Springs mixed-use site

    Tampa CRE investment firm pays $6M+ for Altamonte Springs mixed-use site

    Quantum Capital Partners, a Tampa-based private equity and real estate investment firm, recently purchased Altamonte City Centre, a retail strip mall and office building on East Altamonte Drive. Quantum paid just over $6 million for the 25,526-square-foot property, according to a deed signed Feb....

  • W.P. Carey pays $23.3M for high profile corners on I-Drive tourism corridor

    W.P. Carey pays $23.3M for high profile corners on I-Drive tourism corridor

    Net lease investment REIT W. P. Carey exercised a 5-year-old option agreement this week and closed on two key International Drive retail properties for a combined $23.3 million. Unicorp National Developments sold the Walgreens store at the corner of I-Drive and Sand Lake Road for $20 million.  ...

  • Ocoee retail development site scores city approval a decade after rezoning

    Ocoee retail development site scores city approval a decade after rezoning

    An Ocoee retail project that was shelved in 2017 and has been in the works for a decade is once again making its way through city government.  The Ocoee City Commission voted unanimously on Feb. 19 to amend plans for the Ocoee Town Shops Planned Unit Development. Located on the northwest corner...

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  • Upshot Capital buys vacant Apopka site for new urgent care center

    Upshot Capital buys vacant Apopka site for new urgent care center

    Upshot Capital Advisors just purchased a vacant commercial site in Apopka through one of its real estate funds with plans to build a new Centra Care urgent care facility and restaurant.  According to a deed recorded Thursday in Orange County, the fund paid $1.67 million for a roughly four-acre...

  • St. Petersburg flooring retailer buys Eustis shopping center for $7.4M

    St. Petersburg flooring retailer buys Eustis shopping center for $7.4M

    A St. Petersburg investor who is also a prominent Tampa Bay flooring retailer has acquired the Eustis Square Shopping Center and the deal could herald the expansion of the retail brand, JB Factory Flooring, into central Florida. Boukalis Development of St. Petersburg bought the shopping center,...

  • Flagship files plans for new retail center across from NeoCity gateway

    Flagship files plans for new retail center across from NeoCity gateway

    Flagship Development is planning to break ground in April on a $4 million retail center across from one of the main gateways into Osceola's NeoCity tech district. It would be the next phase of Heritage Commons, a 20,000-square-foot plaza at the corner of U.S. 192 and Fortune Road, next to Osceola...

  • Developer files plans for new mixed-use timeshare project along South I-Drive

    Developer files plans for new mixed-use timeshare project along South I-Drive

    Developer Vincent Desai is looking to build a new mixed-use project along South I-Drive that can introduce up to 708 new timeshare units to the rapidly growing tourism sector there.  Robby Joshi of the architecture firm ARCHENICS filed a pre-app request with Orange County to discuss development...

  • Deal for $20M sports complex on W192 falls through, land back on market

    Deal for $20M sports complex on W192 falls through, land back on market

    The developer of a proposed sports complex on Osceola's W192 tourism corridor couldn't close the deal despite a $20 million commitment from the county, officials confirmed to GrowthSpotter. That leaves the county without a replacement site for its softball complex in Kissimmee, which Commissioners...

  • SITE Centers sells Millenia Plaza for $56.4M to Canadian real estate firm

    SITE Centers sells Millenia Plaza for $56.4M to Canadian real estate firm

    A Canadian real estate firm just bought the Millenia Plaza shopping center in Orlando for $56.4 million. Beachwood, Ohio-based SITE Centers Corp. sold the roughly 411,500-square-foot property at 4403-4697 Millenia Plaza Way to an entity tied to North American Development Group, according to a deed...

  • Equinox sells final piece of new Kirkman Station retail center near Valencia College

    Equinox sells final piece of new Kirkman Station retail center near Valencia College

    Maitland-based Equinox Development Properties just sold the fourth and final piece of its newly developed retail center that borders Valencia College West. According to a deed filed in Orange County Thursday, a company tied to CIM Group subsidiary Cole Capital paid $10.8 million for a two-story,...

  • Developer wants to reboot failed Nona-area medical park

    Developer wants to reboot failed Nona-area medical park

    Tampa-based Onicx Construction is ready to reboot a failed medical office park as a mixed-use development at the northwest quadrant of the Moss Park Road interchange with S.R. 417/Central Florida Greeneway. Onicx has filed a Specific Parcel Master Plan with the city of Orlando to revise the Planned...

  • Alabama real estate firm pays $8M for Altamonte Springs shopping center

    Alabama real estate firm pays $8M for Altamonte Springs shopping center

    A Birmingham-based commercial real estate firm recently paid $8 million for an unanchored shopping center in Altamonte Springs, and the company is looking for two or three similar purchases in the Greater Orlando area. The firm, Shannon Waltchack LLC, bought the Village Shoppes at Altamonte shopping...

  • Hanover Capital pays $8.4M for retail/industrial project near SunRail

    Hanover Capital pays $8.4M for retail/industrial project near SunRail

    An investment affiliate of Hanover Capital Partners paid $8.4 million last week to acquire a 10-acre retail and industrial complex just off S. Orange Blossom Trail near the Poinciana SunRail station. The five-building campus has a total of 96,528 square feet of office, industrial, retail and showroom...

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  • Property investors buy prominent corner in Orlando's 'Little Saigon' neighborhood

    Property investors buy prominent corner in Orlando's 'Little Saigon' neighborhood

    Local Vietnamese-American property investors just paid $2.59 million for a retail portfolio in downtown Orlando's "Little Saigon" neighborhood.  According to a deed recorded Friday in Orange County, an entity led by An D and Patrick Dang took control of about an acre of land on the southeast corner...

  • Dezer files new plans for apartment complex on Artegon property

    Dezer files new plans for apartment complex on Artegon property

    The Miami billionaire-owner of the former Artegon Marketplace has filed new plans with the city seeking approvals for multifamily development on a portion of the 104-acre site. Dezer Development filed a new Framework Master Plan and Specific Parcel Master Plan this month looking to convert and...

  • Winter Park nonprofit chosen for Orlando Clear Lake redevelopment site

    Winter Park nonprofit chosen for Orlando Clear Lake redevelopment site

    Orlando's economic development and housing staff has unanimously selected Hannibal Square Community Land Trust as the development partner for a nearly-5-acre site near Camping World Stadium. The Winter Park-based non-profit organization was one of six firms to bid for the site on Orange Center...

  • Elevation Development prepping for Citrus Ridge retail in Polk

    Elevation Development prepping for Citrus Ridge retail in Polk

    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...

  • Oak Ridge Crossings strip mall in Orlando fetches $8.2M

    Oak Ridge Crossings strip mall in Orlando fetches $8.2M

    A strip center near Millenia Mall in Orlando just sold for $8.2 million. According to a deed recorded Wednesday in Orange County, the Oak Ridge Crossings strip mall was bought by an entity tied to one of its anchor tenants, Bravo Supermarket.  The buyer, 4065 Velcafe LLC, is led by grocery store...

  • St. Cloud to consider Thompson Grove annexation, mixed-use plan

    St. Cloud to consider Thompson Grove annexation, mixed-use plan

    A 46-acre mixed-use development on U.S. 192 at Narcoossee Road is set to go to the St. Cloud City Council for final approval this week after being stalled last year under the old administration. Developer/Engineer Randy June is seeking annexation and Mixed-Use zoning for the property, known as...

  • CBRE Global and Fairbourne Properties buy Sanford shopping center for $55.7 M

    CBRE Global and Fairbourne Properties buy Sanford shopping center for $55.7 M

    A partnership of CBRE Global Investors and Chicago-based Fairbourne Properties recently purchased the Marketplace at Seminole Towne Center for $55.7 million, according to a deed recorded Jan. 3 in Seminole County. The 14-building, 482,520-square-foot power center is located on 45.9 acres at 1771...

  • FDOT allows tenants at Disney-built Crossroads center to stay until at least August 2021

    FDOT allows tenants at Disney-built Crossroads center to stay until at least August 2021

    Stores and restaurants at the Disney-built Crossroads of Lake Buena Vista will have more than two and a half years to operate before the property is taken for an I-4 improvement project. Tenants initially were told they would have to vacate by the end of the year, but they won a reprieve and extra...

  • Developer pays $3.5 million for 300 acres of lakefront land in Polk

    Developer pays $3.5 million for 300 acres of lakefront land in Polk

    Orlando broker and land developer Mike Noonan paid $3.5 million this month to buy nearly 300 acres he had owned and entitled in Polk County before the 2008 housing crash. The property consists of 7 parcels on Lake Gum in the city of Lake Alfred, north of Winter Haven, on State Road 557. The neighborhood...

  • Osceola County selling land at Vineland interchange, softball complex

    Osceola County selling land at Vineland interchange, softball complex

    Osceola County is seeking bids for a 5.9-acre site on Vineland Road at the Osceola Parkway interchange. County Commissioners voted in 2017 to declare the land surplus, but the county has not actively marketed it for sale. The minimum bid is $2,823,555, according to the solicitation documents available...

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  • The year in review: GrowthSpotter’s top stories of 2018

    The year in review: GrowthSpotter’s top stories of 2018

    From lawsuits to long drives to Lay’s potato chips, GrowthSpotter readers gravitated toward all kinds of stories in 2018. Big in the mix, not surprisingly, was new construction – factories, shopping centers and entertainment venues among the most clicked. Did you miss any of our “biggest hits”...

  • City staff recommends approval for downtown apartments on Diocese land

    City staff recommends approval for downtown apartments on Diocese land

    Orlando's planning staff is recommending conditional approval for a new 10-story downtown apartment tower after the developer agreed to add retail space on the ground floor. Tennessee-based Mid America Apartment Communities (MAA) is under contract for a 2-acre corner lot at 336 N. Orange Ave.,...

  • Boyd updates development plan for next phase of Hamlin Town Center

    Boyd updates development plan for next phase of Hamlin Town Center

    Boyd Development has added a new hotel to the mix of uses planned for construction next year at Hamlin Town Center in West Orange County, according to plans filed Monday with the county. "We are in conversations with a couple of different hotel groups," Boyd partner Ken Kupp told GrowthSpotter...

  • Fast-growing tutoring company to enter Orlando market in 2019

    Fast-growing tutoring company to enter Orlando market in 2019

    Seattle-based Best in Class Education Center is planning to expand into the Orlando area and is looking for retail space to accommodate the tutoring centers. “Next year our goal is to open 20-25 centers and at least three will be in the Orlando market,” said Sharon Peterson, Vice President, of...

  • Millenia-area Walgreens store just sold at auction for $400. Yes, $400.

    Millenia-area Walgreens store just sold at auction for $400. Yes, $400.

    In what may be the strangest real estate transaction of the year, an Orlando Walgreens store near the Mall of Millenia has sold for $400. Brian Capo, founding partner of FL Retail Advisors, explained how he went from having a $2.4 million contract to walking away with a $26 commission. "The owner...

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  • Park Square Homes planning its second Neo mixed-use project in Four Corners

    Park Square Homes planning its second Neo mixed-use project in Four Corners

    Park Square Homes is prepping its second "Neo" branded mixed-use development on a 27-acre parcel in the heart of the Four Corners submarket. Senior Project Manager Robert Mick and his development team are scheduled to meet with Polk County's Development Review Committee this week to discuss preliminary...

  • Miami investors buy 50% share of shopping center on Orlando's ‘Restaurant Row’

    Miami investors buy 50% share of shopping center on Orlando's ‘Restaurant Row’

    CORE Investment Properties Fund, a Miami-based real estate investment group, has purchased a 50 percent share in the Fountains at Bay Hill, an upscale retail and restaurant center on West Sand Lake Road. CORE paid $22.75 million for its share of the property, according to a deed signed Nov. 16....

  • Park Development files plan for office, retail at City Center West Orange

    Park Development files plan for office, retail at City Center West Orange

    With construction well underway at City Center West Orange in Ocoee, Park Development Corp. CEO David Townsend has filed plans for the project's fifth phase, to include a mixed-use building and future retail pad. The new building at 251 Maine St. replaces the planned Assisted Living Facility on...

  • Orlando physician plans new mixed-use with hotel at NeoCity

    Orlando physician plans new mixed-use with hotel at NeoCity

    An Orlando gastroenterologist and real estate investor has filed plans with Osceola County for a mixed-use development on the E192 tech corridor in front of NeoCity. M. Asif Mohiuddin, who has a practice in St. Cloud, paid $1.2 million in 2016 the 3-acre lot with plans for a development to compliment...

  • 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...

  • Publix outparcel in Clermont sold at auction for over $2 million

    Publix outparcel in Clermont sold at auction for over $2 million

    Winter Park-based Battaglia Group used the auction route to sell a vacant outparcel at a Publix-anchored shopping center in the Four Corners area of Lake County. The transaction hasn't closed yet, but Saunders Auctions President John Haney told GrowthSpotter the sale is pending for just over $2...

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  • 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....

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  • 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...

  • Magic Development signs Wyndham Hotels as branding partner for resort properties

    Magic Development signs Wyndham Hotels as branding partner for resort properties

    Magic Development and Wyndham Hotel & Resorts will announce details of a new branding partnership Aug. 28. Orlando-based Magic Development currently has three luxury vacation home resort properties in operations or in development on Kissimmee's West 192 tourism corridor. The firm is now building...

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