In the News Box

Global real estate firm Taurus Investment Holdings is forging ahead with its massive Beltway Commerce Center mixed-use project northeast of Orlando International Airport.

According to a permit filed with the St. Johns River Water Management District, the developer is in the midst of developing the retail/commercial portion of its master-planned development, which lies directly on the northeast corner of Lee Vista Boulevard and the Central Florida GreeneWay (S.R. 417). The application specifies the developer is prepping about four acres of land for a new 23,305-square-foot building that will be home to Orange County’s newest tax collector’s office. Blake Summerlin, a public information officer at the Orange County Tax Collector’s Office, confirmed the new site. Summerlin said the new facility will be a relocation of its current Lee Vista address at 8185 Lee Vista Blvd., and is part of a yearlong restructuring effort that is meant to expand the tax collector’s capacity to serve Orange County’s growing population. Plans call for about 50 new work stations, meaning the new office will have nearly three times the amount of work stations than its current location. The office is slated to open by April 2020, Summerlin said. The permit activity follows Pulte Homes acquiring roughly 250 acres within the Beltway Commerce Center Planned Development in December for $7 million. Ealier this year GrowthSpotter reported the homebuilder is planning a three-phased, 450-home community called “Pinewood Reserve.” Pricing will start in the mid $200s. Just south of Lee Vista Boulevard the developer is planning two industrial buildings, spanning 240,000 square feet and 324,000 square feet. Those buildings will rise on about 42 acres of developable land on the east side of S.R. 417.  Without disclosing the price, Jeff McFadden, managing director in Florida for Taurus, said the second phase will likely close in July. He adds the company is working to bring a self-storage facility on about two acres of land within the retail/commercial portion called Site B. The site will also feature an additional 2,800 square feet of retail space, which will likely be filled by a cafe or restaurant, McFadden said. The Beltway Commerce Center PD spans roughly 500 acres around the intersection, with the majority owned by Taurus affiliates. At least 67 acres has been developed by Prologis with four warehouses totaling more than 784,600 square feet

 

Amanda Rabines GrowthSpotter.com