Miami developer still eyeing land south of The LOOP for new shopping center

Miami-based Courtelis Company is still looking to develop a new shopping center on 50 acres just south of the LOOP West in Kissimmee.

Hanson Walter & Associates filed a Site Development Plan this week with the South Florida Water Management District and US Army Corps of Engineers calling for a 377,652-square-foot retail center with seven outparcels fronting Osceola Parkway.

Courtelis had the property under contract last year and developed a conceptual plan for a home improvement-themed shopping center, which would have been anchored by a 250,000-square-foot showroom and distribution center for City Furniture. That project stalled due to environmental permitting delays, and City Furniture dropped out.

David Calcanis with Colliers International told GrowthSpotter on Wednesday that Courtelis has the property under contract again and is working to resolve the environmental issues. 

"Courtelis seems much more confident being successful with this project than then they did the first go-round," he said.

The building square footage has been reduced from the earlier conceptual plan by almost 20 percent -- with the distribution center and two-story furniture showroom eliminated. But the current proposal would impact 5.6 acres of wetlands.

The plan shows an end-unit grocery store (just across Dyer Boulevard from the existing Publix) and a range of big box retailers, the largest being 70,000 square feet.

Rod Castan, president of leasing for Courtelis, said last year the company loves the Kissimmee area and is "very bullish about the growth and potential of this community."

The retail parcel is part of the former Flora Ridge DRI, now a mixed-use PUD that extends south to Carroll Street.

The MUPUD is entitled for 2,229 single-family homes, 1,590 multifamily units and 1.4 million square feet of retail space. Other entitlements include 700,000 square feet of office, 400,000 square feet of industrial space and up to 600 hotel rooms.

Kelley Properties, which owns much of the undeveloped land in Flora Ridge, sold an 8-acre parcel at the corner of Dyer Boulevard and Ball Park Drive earlier this month for $2.4 million. The buyer, Tampa-based Waterford Construction & Development, specializes in build-to-suit office parks.

preliminary site plan for the office park called for 22 individual buildings totaling more than 60,000 square feet. 

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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