Central Parc Group, a firm headed by developers Miguel de Arcos and Dominic Nori, will soon begin building medical offices, a daycare and retail outlets at its Central Parc at Howell Branch Plaza in south Seminole County.
The Maitland-based development company sold three parcels in the last two months that will be the site of two medical office buildings and a daycare. The firm will start work on those buildings this year, as well as on three retail buildings the company will build and retain in the same area, de Arcos said.
The estimated $18 million, mixed-use development is being built on Howell Branch Road, just west of Eastbrook Boulevard. The plaza is near the gated Hawks Crest residential development where Meritage Homes and Taylor Morrison are building 700 homes and townhomes. Both projects are part of the San Pedro Planned Development, on land formerly owned by the Catholic Diocese of Orlando.
“This is pretty much the largest true infill project in Seminole County that is actively under construction rather than just being talked about it,” de Arcos told GrowthSpotter. “It’s a good bridge between Winter Park-Maitland and Oviedo.”
Central Parc sold two parcels on Howell Market Lane totaling 2.4 acres to Hawks Crest Office Building LLC and Howell Branch MOB LLC, firms headed by David Goldman, a medical doctor in Lake Mary, according to deeds recorded in Seminole County in June and August. The total paid for the two parcels was $2,409,600.
WP Daycare LLC, a firm headed by developer Nicholas Jones of Orlando, bought the third parcel, 1.1 acres, also on Howell Market Lane, for $1,375,000. Nobel Learning Communities will be the tenant.
De Arcos said the two medical office buildings will be 15,000 square feet and 10,000 square feet. The larger building will likely hold six offices and the smaller structure will contain three or four individual units. The building pads are already in place, de Arcos said.
“Now that the (building) sites are complete, we’re just finalizing leases now,” he said. “Once we have those leases finalized, we’ll start breaking ground. We already have a pediatric dentist committed and we’re working on a couple of others.”
The daycare facility will be 11,500 square feet, and work on it will start about the same time.
Central Parc owns a 3.34-acre tract where the company plans to build three retail buildings. Two leases have been executed, one with Foxtail Coffee and the other with Porte Noire, a salon collective.
“Our retail buildings will have outdoor patios and (some will have) drive-thru,” de Arcos said. “Depending on the size, we could put in eight to 10 more businesses. We’re just getting started on the leasing.
“There will be 34,000 cars a day pass by (the plaza),” de Arcos added. “That’s a nice situation. It’s typical residential: very strong going to work and back. That’s why the coffee will do so well.”