Construction slated to start this month should breathe new life into the Promenade at Tuskawilla shopping center at Red Bug Lake and Tuskawilla roads near Winter Springs.
Tuskawilla Park SC, Ltd., a private partnership which owns the 217,000-square-foot center, plans to spend $5 million redeveloping the former Kmart anchor store there. The partnership received final site plan approval Thursday from Seminole County, following a Development Review Committee approval on Dec. 20.
The approved redevelopment includes a partial demolition of the former Kmart building to divide it into four large retail spaces and six smaller retail/office units.
Boca Raton-based Southern Management and Development, which is handling leasing and management at the shopping center, confirmed the following businesses have signed on for the larger spaces: Bealls Outlet (21,840 square feet), Homegoods (20,160 SF), and Ulta beauty supply store (10,506 square feet).
The remaining large space of 8,739 square feet remains available, and negotiations with potential lessees are underway for the six smaller retail/office units, which average 1,225 square feet.
Construction should be finished in late summer and the stores open by the fall, according to a spokesperson for SM&D president Steven Levin. General contractor on the project is Matcon Construction of Tampa, while design has been led by Cuhaci & Peterson in Orlando.
The remaining retail space outside the Kmart footprint is 100 percent leased, Levin said. Elsewhere in the center, Levin said Chick-fil-A is expanding by about 1,000 square feet.
The center's largest tenant is now Hobby Lobby, which occupies roughly 63,000 square feet on the southern end.