Clearwater-based Epic Development is preparing nearly 10 acres on a highly trafficked corner outside Ocoee for a new neighborhood retail center.
Located on the southeast corner of Clarcona Ocoee Road and N. Apopka Vineland Road, just outside Ocoee city limits, most of the project's 9.81 acres were successfully led through an Orange County Comprehensive Plan amendment last year, from Residential to Planned Development-Commercial.
Epic then bought the land through an affiliate LLC in mid-December for $3.05 million from a Pizzuti Companies affiliate, and borrowed $1.525 million from Stonegate Bank to help finance the transaction.
The property lies within the Ocoee Rural Settlement, requiring a developer to abide by more thorough requirements for stormwater retention, and minimum open space of 25 percent.
The developer filed a Land Use Plan on Thursday with Orange County to rezone the 9.81 acres from varied uses to Planned Development, in order to build up to 64,081 square feet of retail-commercial uses.
Developer Andrew J. Hupp of Epic Development and Hupp Realty Advisors did not respond to requests for comment on Thursday about his plans for the retail center.
Epic has yet to develop a site plan for the project, and will refine its retail plans after earning a rezoning approval in the coming months, said Javier Omana, planner with CPH, Inc.
"This is a uniquely located (property), bordered to two major county collector roads that make it a high-traffic corridor," said Omana, whose reference data estimates 40,000 average daily trips on Clarcona Ocoee Road, and average ADTs in the low 30,000s on Apopka Vineland Road.