Veteran Winter Park retail center developer Michael Collard is planning a new shopping center with an 8-screen movie theater on E. Irlo Bronson Memorial Highway halfway between Kissimmee and St. Cloud.
The 28-acre site is located at the intersection of U.S. 192 and Partin Settlement Road, next door to the Osceola County Government Center and across from a new 65,000-square-foot Publix-anchored shopping center.
Real estate broker Brian Lightle represents the owner, Space Coast Credit Union, which foreclosed on the previous developer/owner in 2013. Lightle confirmed to GrowthSpotter that Michael Collard Properties has the property under contract. The 3-parcel assemblage is currently listed for $4.5 million.
"Everybody knows it's a phenomenal intersection - it's just a matter of growth catching up with what's happening out at the UCF park," Lightle said, referring to Florida Advanced Manufacturing and Research Center now under construction about a mile and half down the road.
Collard has filed a preliminary site plan with Osceola County calling for a 164,000-square-foot shopping center anchored by a 53,000-square-foot hobby store and the movie theater. The closest movie theater is 8 miles away - at The Loop, at the intersection of Osceola Parkway and U.S. 441.
The site plan also shows seven outparcels fronting on U.S. 192 and Partin Settlement Road.
Collard declined to be interviewed, but Lightle said he's confident the firm will bring the right mix of tenants to the area. "Somebody like Michael Collard Properties is a great group that's had a lot of success in retail development," he said.
The firm has completed more than a dozen retail centers in Florida. Five of the firm's six current projects are anchored by Publix; Cortez Commons, located in Brookesville, is anchored by Hobby Lobby.
Collard's engineer is scheduled to meet with county planners next week following the Development Review Committee meeting.