Tailwinds Development will be adding a combined 10,000 square feet of new retail this year to a Publix-anchored shopping center in Oviedo, and should begin seeking a builder next month, the company's president told GrowthSpotter.
The Shoppes at Sterling Creek on West C.R. 419 in Oviedo will be adding a 4,000-square-foot dental office and 6,000 square feet of in-line retail during the coming year.
President Jim Gendreau said he will begin pursuing bids for a general contractor in the next two to three weeks. A 1.6-acre site at the signalized southwest corner of C.R. 419 and Sterling Creek Parkway is "pad-ready," he said.
Water and sewer lines were brought to the project area for construction of the Publix, which opened on the west side of the property in November. The developer submitted plans last week for its latest phase to the St. Johns River Water Management District.
"We're in permitting right now and I anticipate by May we should start going vertical," Gendreau said. "We are hopeful we can finish it before year's end. The end of 2018 or first quarter of 2019 and we can turn over to tenants."
Tailwinds has a signed lease with Heartland Dental for the 4,000-square-foot dental center in Phase 2. Gendreau said he has several letters of intent for the three inline retail slots that will be built -- two at 2,400 square feet and one at 1,200 square feet.
He said Tailwinds is talking to several prospective dining and retail tenants, though declined to drop names.
"We haven't signed those leases yet but we're going to a shopping center show and hopefully we'll have two or three more to pick from," he said. "We're leasing it very fast. We're thinking the 6,000 square feet is not going to last very long. The temperature for retail in Orlando is pretty high right now."
Kimley-Horn is civil engineer on the project.
Tailwinds specializes in developing commercial shopping centers. It has completed regional projects that include the Publix-anchored Country Club Corners Shopping Center in DeLand; a Wal-Mart-anchored center in Apopka with a Food Lion grocery and Eckerd Pharmacy; a Lowe's Home Improvement-anchored center in Leesburg that includes an Outback Steakhouse; and the Publix-anchored Shops of Foxwood in Ocala.