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Developer plans 25K SF of dining/retail on 2.75 acres, three miles from UCF

Developer plans 25K SF of dining/retail on 2.75 acres, three miles from UCF
Highlighted in blue, the 2.75-acre parcel planned for development as a small shopping center lies near the intersection of E. Colonial Drive and Rouse Road. (Orange County Property Appraiser)

A Winter Springs-based developer is proposing more than 25,000 square feet of retail and dining on a vacant 2.75-acre parcel that's been left undeveloped for nine years, three miles from UCF.

Located at 11065 E. Colonial Dr., the property lies adjacent to The Retreat at Orlando, a 221-unit high-profile rental community geared toward UCF students that sold in August for $72.5 million.

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A And V Property Group, Inc., an affiliate of owner and developer Van Nguyen, has filed a Development Plan for The Shoppes of Union Park, proposing 20,030 square feet of retail and 5,500 square feet of restaurant use in a new retail center.

The property would have nine retail suites ranging from 1,495 square feet to 5,456 square feet in size, and three restaurant spaces ranging from 1,625 square feet to 2,250 square feet, one of which would have a drive-thru feature.

Orlando-based Regional Consulting Engineers is civil engineer on the project, while Shannon Surveying of Altamonte Springs has served as surveyor. Nguyen has yet to hire an architecture firm for the project.

Tuan Huynh, engineer with RCE, said the revised plan is under review by Orange County planning staff. He projects two more months for that DP to pass through the county's development review process, followed by three months to complete construction and architectural plans, and have them approved.

The property, acquired by Nguyen's affilate in January 2007 for $296,400, is already zoned Planned Development with the desired uses included.

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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