Equinox Development is on track to develop a new neighborhood retail center in Winter Springs that will introduce an ALDI supermarket and drive-thru Chipotle to the city.
The companies join a roster of tenants seeking to open locations at Equinox’s planned 58,070-square-foot Winter Springs Marketplace project on the southwest corner of S.R. 434 and Tuskawilla Road. Recently submitted city documents show Heartland Dental, Chipotle Mexican Grill, Crunch Fitness, Dollar Tree and ALDI want to set up shop at the planned marketplace.
Tuscawilla Property Investors LLC, led by Equinox CEO Ryan Stahl, bought the 10-acre property in November for $4 million. Anna Ondick, a successor trustee of the Robbie R. Ondick Revocable Trust, was the seller. Records show the Ondick family has owned a bulk of the land since 1994.
City planning officials approved final engineering plans, aesthetic review plans and a development agreement earlier this month with certain conditions. The first public hearing is set to go before the Winter Springs City Commission Monday, Feb. 22.
The first phase spans about eight acres, and will consist of a 19,209-square-foot ALDI supermarket as its anchor. Plans also include 4,280-square-foot Heartland Dental office, a 19,200-square-foot Crunch Fitness center and a 10,000-square-foot Dollar Tree.
According to city records, the first phase is slated to be complete two to three years after final engineering plans are approved by the city commission.
The second phase includes 2,325-square-foot Chipotle drive-thru and a yet-to-be named fast food restaurant.
Discount grocer ALDI has been bullish in expanding its presence in Florida. Earlier this year, GrowthSpotter reported plans by the grocer to open a location on John Young Parkway across from the city’s new Packing District Park for a new store.
Last year the company opened new stores in St. Cloud and Windermere and took over leases at Lucky Market stores throughout the area, including at Vineland Pointe that will reopen in March. A new store is also planned this year in Kissimmee across from The LOOP shopping center.
A recent report by USA Today said ALDI plans to open 100 stores this year. The news follows an announcement made the company last summer disclosing it had surpassed 2,000 U.S. locations, making it on track with its goal to become the third-largest grocery retailer by store count by the end of 2022.
Meanwhile, Chipotle’s drive-thru concept is also growing its footprint in Central Florida. In 2019, the company announced plans to open its first Florida drive-through location near Kissimmee. It’s also rolling out its next “Chipotlane” concept in Casselberry and neat the University of Central Florida.
CBRE’s James Mitchell and Cabot Jaffee are behind leasing efforts for the Winter Springs Marketplace.
The roughly 10-acre property sits across from the Winter Springs Town Center, within the Town Center District Code that was originally adopted by the Winter Springs City Commission in 2000 around S.R. 434 and Tuskawilla Road. The concept for the center was to encourage thought-out, community-based development that supports a mix of residential, civic and commercial uses.
Development in the corridor began picking up speed by the end of the Great Recession. On top of that, the city also created a Greeneway Interchange District nearby at the northwest corner of S.R. 417 and S.R. 434, to lure in development on a large stretch of land that sat undeveloped for years.
Currently, Lennar Homes is building out its 379-unit residential subdivision, Tuskawilla Crossing, which is comprised of single-family detached homes and detached bungalow units on lots ranging from 34 feet to 70 feet in width.