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Land owners prepping for new retail center across from Providence

Land owners prepping for new retail center across from Providence
The Gotts family is prepping a 27-acre site at the southwest corner of U.S. 17-92 and Ronald Reagan Parkway for a grocery-anchored retail center. (Polk County)

The owners of 27 acres at a prime corner across from the Providence master-planned golf community in Four Corners is prepping for a grocery-anchored retail development.

The Gotts family has owned the property at the southwest corner of Ronald Reagan Parkway and Orange Blossom Trail (U.S. 17-92) since the 1970s. Their broker, Sean Fullerton, told GrowthSpotter developers have approached them several times over the years, but deals always fell through.

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The opening last year of Poinciana Parkway, combined with the launch of Phase 2 at Providence, has led to renewed interest in the site. The local roads have gone from being two-lane rural roads to four-lane divided roads, with medians that eliminate left turns onto the property.

Broker Sean Fullerton said the Four Corners site, right across from ABD's Providence golf community, has received increased interest since the completion of the Poinciana Parkway.
Broker Sean Fullerton said the Four Corners site, right across from ABD's Providence golf community, has received increased interest since the completion of the Poinciana Parkway. (Polk County)

"They wanted me to take it through another round of pre-apps to resolve some access issues," Fullerton said. "Because of improvements on U.S. 17-92 – we met with FDOT to determine if they'd allow a median opening."

Fullerton said the property is not under contract to a developer. The Gotts are hoping that improving left-turn access to the site would make it more attractive to a potential end-user.

"Now we're to a point where we're doing this in advance of a developer," he said.

Avid Engineering's Peter Prensa is also working for the owners on permitting issues. He drafted a conceptual site plan calling for nearly 100,000 square feet of commercial and retail uses, anchored by a 45,600-square-foot grocery store.

The site plan also includes a bank branch and four commercial outparcels -- three on OBT and one on Reagan. The plan shows a potential redevelopment of 2-plus acres that now house a Sunoco fuel station and convenience store at the intersection. Those parcels were purchased in 2016 by Shri Ramji LLC for $1.45 million.

"Cross access is proposed as part of the redevelopment and project/right-of-way vacations so there will be no adverse impact on existing site access," Prensa wrote to Polk County's Development Review Committee.

The property is already properly zoned CAC (Communty Activity Center). The Gotts family has proposed vacating an interior road on the property and doing a land swap with the county to alter an existing county-owned stormwater pond.

Providence, a 2,215-acre master-planned golf course community in Davenport, is approved for more than 4,800 residential units.

Last year, ABD President Yuval Botansky told GrowthSpotter he was awaiting a U.S. Army Corps of Engineers permit for a 25-acre commercial parcel fronting on Kinney Harmon Road. The site, one of three commercial sites in the Providence master plan, had an approved site plan for a grocer-anchored shopping center.

Botansky said the property is under contract to a third-party developer. The South Florida Water Management District permit for that project expired on May 15.

Have a tip about Central Florida development? Contact me at lkinsler@GrowthSpotter.com or (407)420-6261, or tweet me at @LKinslerOGrowth. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.

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