Bedrosians Tile and Stone, one of the nation's leading manufacturers, importers and distributors of such product for the construction industry, should break ground by May on its first showroom and warehouse in Greater Orlando, a lead executive with the company told GrowthSpotter.
Bedrosians principals Larry and Janice Bedrosian paid $1.7 million in December 2015 for a 3-acre site at 2214 N John Young Parkway, located just north of the intersection with W. Princeton Street in Northwest Orlando.
The company filed an administrative master plan determination on Monday with the City of Orlando, which calls for a 43,744-square-foot concrete tilt wall and steel building.
The building will include a showroom of 10,399 square feet, warehouse of 18,856 square feet, and two secondary retail spaces of roughly 7,000 square feet each, with Justin Ruby of Foundry Commercial hired to market for lease.
Headquartered in Fresno, Calif., Bedrosians has stores across the country, with Florida locations in Miami and Deerfield Beach, and distribution centers in Jacksonville and Deerfield Beach.
"We chose to open in Orlando because it is a strong market with continued growth," marketing director Eddie Bedrosian said. "We are planning on starting construction in the next month or so. This is about a $7.5 million investment for the land and building."
Bedrosians typically builds its new stores with straight cash equity, and then sources a loan on the building after, Bedrosian said. The Orlando store is projected to open by January 2018.
The principals of a Fresno-based tile and stone company bought a 14.66-acre vacant commercial property on N. John Young Parkway. It already has a distribution center in Jacksonville and stores in South Florida.
"What differentiates Bedrosians from everyone else is that we have a product development team that developed all of our tile lines. Most companies just buy what factories produce," he said. "We also own our own tile factory that produces more than 60 percent of our porcelain flooring tile."