Orlando Infiniti is pursuing plans to redevelop a portion of its dealership north of the Mall at Millenia as a four-level parking garage, and will seek a construction loan in the coming months to help finance the project, the dealership's vice president told GrowthSpotter.
Located at 4225 Millenia Blvd., the Infiniti dealership is neighbored to the west by an affiliated Jaguar and Aston Martin store, and a Best Buy to the east. The new garage would be on the northern side of the dealership, facing Interstate 4.
The dealership's owner filed a request on Feb. 17 with the City of Orlando to amend a Master Plan for the property, asking to remove the Smart Car portion of the dealership and some surface parking, and build an attached garage that would add 340 net spaces of vehicle inventory, along with a 5,900-square-foot detailing shop.
"When we bought this property back around 2005, it was just planned to be an Infiniti dealership," vice president Peter Wilson said on Monday. "Subsequently we took on Aston Martin, a low-volume sales (branch) that wouldn't stress our inventory space, but later added Jaguar, which has grown its sales volume exponentially. When that happens you need more square footage for inventory and display parking."
Pending various permit approvals by the city, Wilson is hopeful to break ground on the garage by early Fall, an investment he estimates as $5.5 million or more. A construction loan should be sought in the Second or Third quarters, he said.
The addition would provide a total of 69,341 square feet of leasable commercial use for the 5.67-acre developed site, up from 67,746 square feet of leasable space amongst the existing development there of Infiniti, Aston Martin, Smart Car and Jaguar sales and service area.
The proposed change to the MP would still fall within the limits of the Land Use Equivalency Matrix for total leasable square feet on the site.
RLH Construction is a prospective general contractor on the Infiniti garage project. It is currently wrapping up the renovation of a customer lounge at the dealership.
Orlando Infiniti is the fifth local auto dealership in the past year to propose or enact plans for new parking garages, with all trying to maximize their inventory on increasingly valuable land.
Starling Chevrolet of Orlando began discussing the logistics of a five-level parking garage addition in early January with Orange County planners.
The new Porsche South Orlando dealership planned on 3.55 acres at 4891 Vineland Road, west of the Mall at Millenia, included a five-level garage in its plans submitted to City of Orlando last September.
Ferrari-Maserati of Central Florida plans to build a new sales center, showroom and service center on Vineland Road next to the Porsche dealership. Its permit applications now under review feature a five-story building in which the garage inventory space is integrated into various floors.
A two-level parking deck with service shop on the ground floor is also being built for the new Lexus of Orlando dealership, now under construction on 25 acres along Major Boulevard, northeast of Universal Orlando.