PDQ Restaurants Buys Old Bank Branch Site in Winter Park for 7th Area Location

An affiliate of Tampa-based fast-casual restaurant chain PDQ Restaurants paid $3.3 million recently to enter Winter Park, buying a long-time bank branch site that will be redeveloped as its seventh location in Greater Orlando.

Located at 925 S. Orlando Ave., the 0.82-acre property lies on the southwest corner with Minnesota Avenue, with a 37-year-old bank branch building currently occupied by Seacoast Bank.

PDQ Restaurants has applied to the city of Winter Park for a conditional use permit to build a new restaurant on the property. The property already has proper C-3 zoning, but a conditional use is required because of the drive-thru.

“We have done a lot of research over the years and felt that Winter Park was the perfect fit for PDQ Restaurants. It just took a little longer to find the best site,” company spokesman Jeff Kamis told GrowthSpotter. “The Winter Park site will be a planned tear-down of the bank building, with new construction for our restaurant.”

PDQ’s standard development is a restaurant of roughly 3,000 square feet, with a drive-thru and seating for 100.

The seller was Dr. Phillips, Inc., which previously paid $495,000 for the property and bank building in 1989.

John Fahey of Meridian Group and Cindy Schooler of SRS Real Estate Partners represented the buyer, while the seller’s listing agent was Alex Garcia, director of corporate real estate at Seacoast Bank.

PDQ opened its second Greater Orlando location in Clermont in early May, after buying a former restaurant site there for $2.13 million in June 2016. The company’s first restaurant in this region is in Sanford, on Rinehart Road.

The company is now building a new store in Lake Nona’s Lake Nona Landing retail center that should open in August, and is planning locations in Waterford Lakes near UCF, Altamonte Springs and Hunter’s Creek, Kamis said.

Short for “People Dedicated to Quality,” the PDQ concept is to serve fresh, never frozen chicken tenders and nuggets, as well as made-to-order salads and milk shakes. Salad dressings are made fresh daily as well.

PDQ was founded in 2011 by Outback Steakhouse co-founder Bob Basham and MVP Holdings CEO Nick Reader, the two principal owners.

The first store was in Tampa, and PDQ now has 56 locations throughout Alabama, Florida, Georgia, Nevada, New Jersey, North Carolina, South Carolina and Texas.

Thank you: GrowthSpotter

KPMG Breaks ground for construction on it’s $400 Million learning and innovation facility in Lake Nona to be completed by 2019.

KPMG has broken ground on a $400 million state-of-the-art learning development and innovation facility on 55 acres in Lake Nona, with intent to complete the project by the end of 2019. Plans for the complex include 800 guest rooms, an estimated 800,000 square feet of space for meeting, classroom, residential, dining and recreational facilities. The firm expects to add an approximate 330 jobs in Florida over the next 3 years as it’s business, audit, tax and advisory clients expand. In addition, there will be approximately 80 new KPMG jobs associated with operating the completed learning and development facility.

“I look forward to seeing this new facility and welcoming KPMG employees from across the nation to our great state,” said Florida Governor Rick Scott. Lake Nona is a “master-designed” community by Tavistock Development Company in Orlando. It is one of the countries fastest growing communities with over 12,000 residents and 10 million square feet of residential and commercial facilities.  A project time frame has been disclosed for the facility:

  • Summer 2017: Site grading
  • Fall 2017: Foundation work
  • Early 2018: Start of superstructure construction
  • Second half, 2018: Topping off
  • Late 2018: Building fully enclosed.

Thank You to KPMG for the update and news on this massive project.

 

Premier Senior Consultants purchase former Liberty Technical institute and plan to build Assisted Living Facility in Fern Park with 80 beds.

The Liberty Technical Institute that is located in Fern Park just south of Lowes was previously used to train nurses and other medical professionals.  Premier Senior Consultants of Winter Park has recently paid $2.7 million for the office park.  The new owners plan to renovate the interiors of the six large buildings and connect them all to create one spacious facility with 80 assisted living and memory care beds for senior citizens.

The company also plans to construct a new administration building on the property that will include a full kitchen.  Renovations are expected to begin by the end of the year and the facility is expected to open between the fourth quarter of 2018 and first quarter of 2019.

San Pedro Center Previously Owned by Catholic Diocese of Orlando to Become Lake Howell Reserve

Here is an updated on the San Pedro Center that was previously owned by the Catholic Diocese of Orlando.  Meritage Homes has been named as the developer for the Lake Howell Reserve which will include 695 lots on a 269.48-acre site.  A preliminary site plan has been approved for 450 SF homes and 250 town homes.  Future plans include 125 assisted living facilities and 50,000 sf of commercial space.  Site development is expected to occur later this year.

A long-discussed project in the works for Winter Park now is progressing through the Seminole County’s Board of Commissioners.

Named as the Lake Howell Reserve and San Pedro Center project, it would consist of developing mixed-use projects on 200 acres of the 468-acre property previously owned by the Catholic Diocese of Orlando for many years.

Lake Howell Reserve consists of Villages 1, 2A and 2B, while San Pedro consists of the spiritual center and cemetery. Villages 1 and 2A will be slated for single-family homes. Village 2B will have assisted living, recreation facilities, fields, parks, trails and community centers, banks, charter schools and restaurants.The remaining undeveloped 268 acres will be for environmental conservation and preservation.

San Pedro Center

 

Thank you: Orlando Business Journal