RAVE Commercial, led by principals Venkata Ravipati and Ravikiron Ainpudi of Tampa, is close to completing lease-up for the first building in the partners’ Hamlin Plaza office/retail center in Orange County’s Hamlin community.
The company recently broke ground for a 12,000-square-foot building which should open in the first quarter of 2020, according to spokeswoman Sulakshana Arora. The second of four buildings at the plaza will likely be ready by the second quarter next year, she said.
Meanwhile the company has lease agreements in hand or is in final negotiations for tenants to fill the first building when it opens.
Arora said she could not reveal the names of the tenants, but they include doctor/dental offices, a dance studio, insurance company and fitness studio. RAVE is also talking to potential lessees for the second building.
“We are in the middle of permitting, getting approvals for the entire site plan, as well as construction approval for the first and second buildings,” Arora said in an e-mail.
Located at 5300 Hamlin Groves Trail, the retail center lies directly south of the Publix-anchored Hamlin Cove shopping center, and north of the 350-lot Hamlin Reserve subdivision by Ashton Woods. In addition to direct access to Hamlin Groves Trail, Hamlin Plaza will connect to Publix through an internal road.
The partners paid $3.5 million for the 4-acre site last August. The site was part of a larger 17-acre parcel that Boyd Development Corp. of Orlando has been portioning off to various developers. Harvest Bible Chapel of Winter Garden bought an adjacent 8.5 acres in December 2017 to build a new Christian Church.
Arora said Boyd Development has been helping RAVE navigate the county’s permitting process, as well as sending an overflow tenant list to the smaller development team.
The Hamlin community is located near the center of Horizon West, a master-planned community that includes five mixed-use villages surrounded by greenbelts and a town center. It is considered one of the fastest-growing master-planned communities in the country.