The owner of a Publix-anchored shopping center east of SeaWorld is working with the grocery chain to redevelop the property, with tear-down of the 30-year-old building and an expansion rebuild expected in early 2017.
Located at 5350 Central Florida Parkway, Williamsburg Downs Shopping Center was built in 1985, with 106,313 square feet of leasable space across its 15.55 acres, including a 44,656-square-foot Publix store.
The property's owner is 145 Biscayne Ltd., affiliate of Aventura-based Triarch Capital Group, which acquired it in September 2005 for $12.9 million. The center's leasing is managed by TCII Capital Group.
Developer Stephen E. Brandon of Orlando-based Brandon Partners, hired by Triarch Capital to lead the redevelopment effort, recently found with Orange County staff that Planned Development documents for the site from 1983 included little to no information on entitlements and development standards.
His team had to work with county planners to document the entitlements for the site, and request two new waivers to support the request to renovate the Publix space, and increase it by 2,200 square feet, which will absorb some of the center's secondary retail.
They're also seeking a future 3,300-square-foot outparcel on part of the current parking lot. The shopping center currently has two outparcels broken out under separate ownership (McDonald's and Bank of America).
Orange's Development Review Committee gave their recommendation for approval on Wednesday for a substantial change to the PSP, and the potential change necessary to the PD-LUP.
Brandon said his team is producing a Development Plan now for the property, and will submit soon to Orange County planners for initial feedback. His goal is to have that DP and building permits approved by December, then close the Publix in January 2017 for demolition, and rebuild through October 2017.
A general contractor for the work will be chosen by Brandon from a short list of candidates pre-approved by Publix. Companies can pre-qualify with Publix Facilities online.