"He divested of some property in South Florida," Hogan said on Monday. "He lives locally, so he wanted to invest in properties here he could watch and grow."
She said Lowman was drawn to the asset because of the quality new construction, the attractive lease terms and the prime location fronting on Mitchell Hammock Road.
Both restaurants have a 10-year, corporate guaranteed triple-net lease with optional renewals in five-year increments. Marlow's Tavern opened in January. It's the Atlanta-based chain's fifth Orlando area location.
Maple Street Biscuit Company is a fast-casual chain serving breakfast and lunch. Founded in Jacksonville, the company has 11 locations in Florida and is expanding quickly.
"It's new to Orlando, and it's extremely popular," Hogan said. "They have lines out the door. Both restaurants hit the ground running this year and had strong sales."
Insight on the project's scope, what tenant is signed and a construction timeline for the coming months.
By Mike Salinero
Feb 27, 2018 at 10:30 AM
Oviedo on the Park is a 108-acre mixed-use community anchored by the $70 million Strand apartments and city amphitheater, both built by PAC Land Development. To date, the community has 721 dwelling units and more than 45,000 square feet of retail and office uses.
The remaining development program includes another 70,000 square feet of retail uses and 6,000 square feet of office space.