City Furniture will open a third retail showroom in Greater Orlando in part of the Ocoee light industrial building that it's leasing for a new regional distribution center, a lead executive with the company told GrowthSpotter.
The home furnishings retailer was announced this past Tuesday as having signed a 10-year lease for a full building of 246,031 square feet at the new Park @ 429 industrial park.
It should be delivered for tenant buildout in April with an estimated completion by October, and will supply City Furniture's growing store footprint in Central Florida.
Up until now, that footprint has consisted of two new stores planned in Altamonte Springs and Orlando's Millenia area, and City Furniture's one established store now in The Villages.
But the company will now fast-track plans for a third area store by committing about 85,000 square feet of the Park @ 429 building as retail showroom space, vice president of real estate Ryan Cronin said Friday.
"This has been exactly what we've been looking for the entire time. We wanted that third location on a major highway, and this Ocoee site along S.R. 429 checks all the boxes," he said. "The building's (visual exposure to motorists) is almost 1,080 feet long. It will be a great location for us."
While the Park @ 429's light industrial development is zoned to allow a retail showroom, City Furniture's planning for the Ocoee store is only in its nascent stage.
Meetings should be held in the coming month with city staff, and no elevations or construction documents have been produced yet, Cronin said.
ARCO/Murray will be hired as general contractor for the interior buildout, chosen in part because they've built the structure for owner-developer BlueScope Properties Group. Deerfield Beach-based Gallo Herbert Architects will lead interior design, as its staff has done for other City Furniture locations.
Elsewhere, at City Furniture's Millenia-area property along Interstate 4 site work is underway for a 120,000-square-foot store at 4751 Vineland Road. A permit for vertical construction is anticipated in the next few weeks, said Cronin, and completion of that store is estimated for May 2019.
And in Altamonte Springs, the site for its second store along I-4 has a revised Development Plan still under review by city planning staff, Cronin said.
He's optimistic construction there can start late this year on a 140,000-square-foot store and complete in Fourth Quarter 2019. Those plans include a separate 28,000-square-foot office building for lease, which City Furniture has yet to start marketing for prospective tenants, Cronin said.