An entity tied to DCS Investment Holdings, owned by Washington Football Team minority owner Dwight C. Schar, is looking to develop a Paramount Urgent Care alongside a possible craft beer lounge in Orlando’s tourism corridor.
A recently submitted Development Plan in Orange County shows affiliated company DCS Real Estate Investments IV LLC is partnering with Paramount Urgent Care, so the health care company may open a new location in Dr. Philips. Conceptual plans show the urgent care next to a Dream Salon & Spa and a potential brewery.
The submitted plans may only be showing an example of what could rise in the vacant 1.12-acre lot. The vacant parcel sits within DCS’s 65-acre mixed-use Sand Lake Vista community, which straddles both north and south ends of Sand Lake Vista Drive, on the west side of Turkey Lake Road.
Paramount Urgent Care’s proposed facility spans 3,800 square feet, while the retail and restaurant boxes each range about 2,000 square feet and share a covered porch area facing Turkey Lake Road.
The lot is part of a larger 65-acre mixed-use project DCS has been slowly entitling and selling off piece by piece. In 2019, a partnership between Jefferson Apartment Group and Mid-America Apartment Communities paid about $6.25 million for a 24.5-acre lot on Big Sand Lake within the community, where it’s currently constructing its 264-unit Jefferson Sand Lake apartment community.
DCS also sold lots in preparation for a future 5-story Extra Space Storage building with about 120,000 square feet of space and a 122-room extended-stay hotel called the WoodSpring Suites at Sand Lake Vista. Plans also call for a 7-Eleven gas station and convenience store.
There are at least five other lots within the mixed-use community that have not yet sold. The project sits close to the Orange County Convention Center, and near where Universal is planning their newest Epic Universe theme park attraction.
Developer Randall Greene and Paul Simonson are managing members of DCS. Neither Greene nor Simonson promptly responded to requests for comment.
DCS owns and operates the 1,900-acre Bella Collina community in Lake County’s Montverde neighborhood. There, it developed Siena at Bella Collina, a 100-unit, seven-story lakefront condo building.
The community was a poster child for the damage a land boom and bust can wreak back in the day, but activity has since picked up incrementally.
Earlier this year GrowthSpotter reported homebuilders Dream Finders Homes and Toll Brothers executed deals to build in the guard-gated golf course community, and AR Homes just joined the lineup of custom builders there. In February, New York Mets shortstop Francisco Lindor bought a $3.5 million estate on Lake Sienna within Bella Collina.
Nearby its Sand Lake Vista mixed-use community, Unicorp is developing the luxury mixed-use O-Town West community on about 200 acres of land around the Palm Parkway and Daryl Carter Parkway intersection.
Plans consist of combining over 1,500 residential units with retail, dining and office space across four sub-districts: Village at O-Town West, The Crossings at O-Town West, the Town Center at O-Town West and the Boardwalk at O-Town West.
Publix, Crunch Fitness, White Castle, World of Beer and Portillos are just some of the retailers announced to open locations at O-Town West. The large mixed-use project is slated to be complete by the fourth quarter of this year, according to recent reports.
Other developer active nearby include Winter Park-based PAC Land Development, which is currently seeking to entitle about 55 acres of land along Palm Parkway and abutting the southeastern shore of Big Sand Lake.