Following a recent trend of high-profile developments taking shape on Orlando Avenue in Winter Park, Constant Innovations, LLC has purchased a 9,000-square-foot retail property on a 1.03-acre lot for $2.2 million.
“Orlando Avenue in Winter Park is very active with many high-value developments underway, with new tenants including Trader Joe’s and Caramel Café,” said Rodriguez, Director of Retail for Colliers International Central Florida. “This corner is a great location for existing and future tenants, as it is the crossroad between Winter Park and Baldwin Park.”
Constant Innovations, LLC will conduct an extensive remodeling of the building, with the intent to lease space to traditional retail tenants including restaurants, shops and quick-service businesses. Ample parking accommodations have also been taken into consideration as part of the redevelopment plan.
“The shortage of parking at Trader Joe’s created a high level of scrutiny over the re-use of this property and the required parking,” said Hall, Director of Land Services for Colliers International Central Florida. “To address these concerns, the buyer has made additional arrangements nearby to ensure that parking during peak hours would be adequate.”
