A 30-year-old Apopka shopping center is in the early-stage planning for redevelopment and expansion, and the South Florida firm that owns the property has yet to select a general contractor for the work, a lead executive with the company told GrowthSpotter.
Plans submitted to the city of Apopka call for portions of Piedmont Plaza to be demolished and new retail space constructed. The shopping center, which is anchored by Hobby Lobby and Bealls, is located at the southeast corner of East Semoran Boulevard and Piedmont-Wekiwa Road.
Shai Moschowits of Boca Raton-based Woolbright Development Inc. said the redevelopment will demolish a 27,698-square-foot building between Hobby Lobby and Bealls, and a 9,200-square-foot covered outdoor storage area. In it's place, Woolbright will build a 38,640-square-foot fitness center and a 13,000-square-foot retail space.
In addition, the existing structures will be reconfigured, receive new facades, and upgrades in landscaping. When the work is done, the center will expand by 24,106 square feet to 245,130 square feet.
Moschowits said Woolbright is still in negotiations with tenants for the new space. However, elevation drawings provided to the Apopka Development Review Committee show signage indicating the gym will be a 24 Fitness. The drawings also indicate Party City will locate next to the gym.
Piedmont Plaza was built in 1985 and at one point included an Albertson's grocery store. The property is valued at $12.14 million by the Orange County Property Appraiser. Woolbright executives told Apopka planners the improvements could double or triple the assessed value.
The redevelopment plans were approved by the Apopka Planning Commission on June 28. The matter will now move forward to the Apopka City Council. Woolbright did not indicate when it might begin demolition or construction.