A local personal fitness studio is ready to make the leap from leasing inline space to building its own gym, and has yet to choose a general contractor or lender for the estimated $3 million project, the owner told GrowthSpotter.
Body Sculpting Fitness Studio filed plans this week with the South Florida Water Management District for a proposed two-story, 17,088-square-foot gym and office building. A Development Plan is also under review with Orange County.
Located on Crystal Commerce Way just off S. John Young Parkway, the 1.42-acre site lies just south of Grande Lakes Resort. Business owner Eddie Ayala paid $690,000 for the site in December 2016.
"Right now we lease about 4,200 square feet over here in The Village at Hunter's Creek," he said. "That satisfied our needs for the first four years, but now we've outgrown it to a point where our evening classes are uncomfortable with 30 or 40 people in a room, and usable space of about 2,600 square feet. This new building will allow us to grow with our client base, and hire an additional 15 to 20 trainers over time."
With civil plans under review and the interior design process still in its early stages, Ayala has yet to seek GC bids until more final plans are completed. But a guideline of $3 million for total construction cost is being followed, he said.
"I wanted to wait on the contractor process so they don't have to bid twice," Ayala said. "We'll be seeking a construction loan as well that can roll into permanent (financing)."
Ayala is targeting a groundbreaking in First Quarter 2018 and completion of the building by December of that year, which is when his current lease expires.
The property neighbors another 1.48-acre site on Crystal Commerce Way that is being developed this year as a new stand-alone site for Cyrstal Lake Animal Hospital, another local small business that bought land to move up and out of a nearby retail center.