A development planned for busy Mitchell Hammock Road could offer Oviedo commuters to Orlando new choices for low-cost dining.
Hank Porcher, president of real estate development company T.L. Pittman and Associates Inc., said he has commitments from three quick-service restaurant companies for 11 acres he owns just east of W. Broadway Street (S.R. 426). Because of contract agreements, Porcher declined to name the brands.
He said he is also planning two other buildings on the property, but doesn't know what kind of businesses will locate there.
"I think I'm going to wait and see what kind of interest I get," said Porcher, who has developed and redeveloped malls and strip centers in Jacksonville, West Palm Beach, Vero Beach and other cities in Florida.
Porcher said he will build the infrastructure for the whole development at one time, then construct the final two buildings. He hopes to get started in three months, pending county and state permit approvals.
Raised in West Palm Beach but now based in Oviedo, Porcher says he wants to hire local contractors once he's ready to start construction.
"This is the first thing I've built in Seminole County," he said. "I like Seminole County because it's a great place to raise a family. I think as long as the neighborhoods remain safe and the schools remain strong, it will be a desirable place to live in Florida."
Porcher purchased the property for $175,000 in August 2013 via affiliate Chuluota Mortgage and Homes LLC. The property looked promising, he said, because it's on the main corridor out of Oviedo to employment centers in Orlando.
Also in the location's favor is the nearby Oviedo Medical Center, a 64-bed acute care facility which opened Jan. 30 at the corner of Red Bug Lake Road and S.R. 426.
"I think (the hospital) has really been kind of a catalyst for what's going on in that immediate area," Porcher said. "Plus, Mitchell Hammock Road is one of the ways in and out of UCF (University of Central Florida)."
Chuluota Mortgage and Homes is a reference to the tiny Seminole County community of the same name, settled right around the Civil War. Chuluota was originally laid out by turn-of-the-last-century railroad magnate Henry Flagler, who formed the Chuluota Land Co. to sell land acquired by his Florida East Coast Railroad.
Porcher said Flagler built a railroad spur near what is now his property. In honor of that history, he plans to call his development Flagler Center.