Windermere-based Skorman Development has prospective tenants close to signing for roughly half the 18,000 square feet of its planned Park Place Retail Center in Ocoee, with a popular local ice cream chain the first pre-lease confirmation, a lead executive with the company told GrowthSpotter.
Located at 1750 Maguire Road northeast of the intersection with Tomyn Boulevard, the strip center will lie on a 14.11-acre parcel just south of the Florida Turnpike, and one of Ocoee's main intersections in Maguire and W. Colonial Drive.
Skorman opened its $50 million-, 242-unit Park Place at Maguire apartments on 11 acres of the property in October of last year. The developer went through two rounds of contentious attempts to rezone the site from office to multifamily and retail, succeeding in early 2015.
Skorman prioritized finishing the apartments first, and only received its final building's Certificate of Occupancy in recent months. The developer has now focused on lining up tenants for the second-phase retail, and could have up to 50 percent of the space pre-leased within the next few weeks, said vice president Kevin Skorman.
Jeremiah's Italian Ice is the first pre-lease contract, lined up for 1,800 of the 18,000 square feet. Other prospective tenants include a pizza shop, beer and burger bar and dentist office, which if signed would all together fill half the center, he added.
"It's an amazing location for new retail because everything around it is developed from a residential point of view, and the housing there is of high value," Skorman said. "There are two hospitals nearby in Winter Garden and Ocoee, and this development will be right up on the street, offering great visibility."
Ocoee planning staff have yet to receive a site plan or building permit application, but have reviewed a conceptual site plan and provided comments to Skorman, said planner Michael Rumer.
"I am eagerly awaiting the plan submissions for formal approval," he said.
Construction plans for permit applications are partially finished, and will be wrapped up when tenant signings are reached for half or more of the property, Skorman said. They could be finished in as little as three weeks. Skorman declined to forecast when that step would be taken.
Cuhaci & Peterson are architects on the project. The company is about half way through production on a permit set, said principal Keith Harwell.
Jeremiah's Italian Ice currently has seven active stores in Central Florida, though a handful of new locations were announced in the past year, including Unicorp's Westside Shoppes.