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Conceptual redevelopment plan for roughly 4.5 acres on the northern side of W. Irlo Bronson Memorial Highway, directly west of the entrance to Holiday Inn Orange Lake Resort.
Conceptual redevelopment plan for roughly 4.5 acres on the northern side of W. Irlo Bronson Memorial Highway, directly west of the entrance to Holiday Inn Orange Lake Resort. (Kimley-Horn)

An affiliate of Melbourne-based real estate broker, manager and developer The Coy A. Clark Company is exploring redevelopment options for underutilized retail property it owns along Kissimmee's tourism corridor.

Located at 8553-8555 W. Irlo Bronson Memorial Highway, the two parcels total about 4.46 acres on a signalized intersection and lie on the Orange County side of West U.S. 192, directly west of the entrance to Holiday Inn Orange Lake Resort.

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Hear directly from the investor on where he is leasing land next, and the local submarkets he's still searching for opportunity in.

Clark's affiliate has owned the land since 1997. In recent years it has been leased by a U-Haul Neighborhood Center, thrift store, tourism agency and real estate office.

The owner filed a conceptual plan on Thursday with Orange County and requested a pre-app meeting to discuss options with staff.

The plan calls for redeveloping the land into four subdividable lots of between 1.06 and 1.19 acres each, each with stand-alone retail/dining buildings of 2,800 to 3,800 square feet and their own drive-thrus.

The property is zoned for Planned Development, and the basic commercial use should not require any zoning change. Officials with Coy A. Clark Company did not respond to requests for comment.

Learn more about why the local seller divested, and where the buyer stands in their project planning.

That stretch of W192 averages 49,500 vehicles per day, according to LandQwest Commercial Real Estate Services, which has been marketing retail space on the opposite side of the road for LifeSports USA and its proposed 60-acre development of a mixed-use town center and sports field complex.

Kimley-Horn is civil engineer on the Clark retail concept plan.

Have a tip about Central Florida development? Contact me at bmoser@growthspotter.com, (407) 420-5685 or @bobmoser333. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.

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