Entities tied to Harbour Retail Partners, a North Carolina-based retail-focused real estate fund, is taking helm of the first phase of the Shoppes at Trelago project in Maitland.
According to a deed recorded in Orange County January 2021, companies related to Harbour Retail Partners paid $5.3 million for the first phase of the planned retail complex that sits within the Trelago mixed-use project.
There, the developer intends to build about 63,130 square feet of retail and restaurant space, including two 4,000-square-foot out-parcels and a 39,000-square-foot anchor grocery store.
Records show the developer scored a roughly $15 million construction loan from Ameris Bank.
Foundry Commercial, the previous developer under contract to purchase and build the stalled Shoppes at Trelago project, stepped down last year.
Last month, Trelago master-planner Bill Battaglia, with the eponymous Battaglia Group, told GrowthSpotter he had another developer under contract for one of the commercial lots, but at the time declined to disclose anymore information citing a confidentiality agreement.
“Foundry and their prospective tenants washed out last March as the result of COVID-19,” he said in an email response to GrowthSpotter. “Since then, I have negotiated a contract with a developer who has in tow a superior grocer.”
Foundry introduced its vision for the proposed Shoppes at Trelago project to city staff last year for review.
At the time, their conceptual plans called for more than 115,000 square feet of commercial uses across two lots on either side of Trelago Way, one of the main access roads into the roughly 70-acre Trelago mixed-use project.
Plans went before Maitland’s City Council with a recommendation of denial.
Concerns were raised about the parking ratio, number and location of potential unsupported access points and elevations not meeting design specifications regarding scale and character.
Maitland City Council members granted the applicant more time to work with the city’s Development Review Committee to resolve the issues, but during the continuance period Foundry’s contract expired and was not renewed, according to city records.
At a previous Maitland City Council meeting, members granted an extension of a due public hearing and action date.
City records state the allotted 60-day continuance period would allow the developer to secure lost leases of any previously interested tenants that may have backed out due to budget impacts resulting from the COVID-19 pandemic.
Construction plans for the lot on the west side of Trelago Way (Phase 1) have not yet been filed, but are expected to be submitted by the end of February.
Once the first phase is complete, Battaglia will focus on the second phase.
Brooks Stickler of Kimley-Horn is representing the development team.
The first and second phase of Shoppes at Trelago will be built on about 14 acres of land along W. Maitland Boulevard. Under the current allowances, the developer can build up to 150,000 square feet of restaurant/retail space with no more than 30,000 square feet of dedicated office use.
In addition to the retail center, the entire Trelago mixed-use development will consist of luxury apartments, a hotel and an upscale assisted living facility.
Early last year, Jacksonville-based Vestcor Companies paid $3.25 million for about six acres of land within the Trelago property with plans to develop a 117-unit senior living community. The developer broke ground on the project in March, according to a Notice of Commencement filed in Orange County.
The Trelago mixed-use project sits between Interstate 4 and North Maitland Avenue.
Editor’s note: This story has been updated from a previous version published Dec. 22, 2020 with new information that identified the developer via a deed and construction loan recorded in Orange County.