Excerpted from Orlando Business Journal story.
A proposed shopping center in a suburb north of Orlando wants to bring much needed new retail space to the area.
Orlando-based Elevation Development LLC is developing the project, called Shoppes at Longwood, at 250 E. State Road 434 east of the intersection with Ronald Reagan Boulevard, according to plans filed with the state. The shopping center is expected to feature six buildings with roughly 60,000 square feet of retail space.
Future retailers in the roughly $18 million project may include shops, restaurants, fitness and casual dining users, said Owais Khanani, a partner at Elevation Development. The project is expected to be approved by June and construction may begin as early as fourth-quarter 2019.
“It’s prime for redevelopment,” said Terrence Hart, a senior director with the Orlando office of Tampa-based commercial real estate agency Franklin Street, who is not involved with the project.