New tenants are on the way for an urban-style development in a Four Corners resort community.
The downtown ChampionsGate project, on ChampionsGate Boulevard across from ChampionsGate Village shopping center, includes a $32 million, 308-unit apartment complex called The Gate, which is fronted by more than 24,000 square feet of retail space that is more than 75 percent occupied.
In a conversation with Orlando Business Journal, Rida Development Corp. Senior Vice President Marc Reicher shared tenants that have signed on for space in two buildings currently under construction:
In the first building, Urban Hibachi will occupy 3,000 square feet of space, Salon 720 will have 1,500 square feet, and Lee Nails will take up 1,500 square feet. Tropical Escape Realty will have an 800-square-foot office and a high-end Indian fusion restaurant called Blue Ginger Indian Grille will have 3,507 square feet.
Next up, Tijuana Flats will occupy 2,160 square feet of space, and Menchi's Frozen Yogurt will be in 1,440 square feet. Ostaria Italian Restaurant will serve traditional Italian favorites and brick-oven pizza in a 3,550-square-foot space, and Woof Gang Bakery will add ChampionsGate to its growing list of locations with a 1,440-square-foot storefront.
"There is a remaining 3,380-square-foot space that includes 985 square feet of patio space where we're hoping to add another restaurant, maybe a gastropub," Reicher told OBJ. Another 2,600-square-foot space is available for lease that, according to Reicher, can also be shared by two tenants.
Two nearby restaurants opened in July — Red Robin Gourmet Burgers and Miller's Ale House — that flank an existing Chili's location on 8180 Laura Court. According to Reicher, both have been outperforming all expectations.
"Residents should begin occupying the apartments by the end of the year, and the retail should be opening around January," Reicher said. "Then we're looking at November-December of 2017 to begin the second phase."
Additional traffic may be of some concern for residents, but Reicher says the road taking shape behind the retail space, which is not currently available because of construction, will be of some relief once opened.
"There will be a contiguous internal flow leading to the Legends Boulevard traffic signal," he explains. "And there will be directional signage added to make people aware of where it all leads."
Jobs and new choices are a major benefit, but it also adds up to a new look for the neighborhood.
"We know we're not really dealing with an urban setting, but we want to take advantage of the stroll-a-bility," Reicher said. "Diners can have an al fresco experience with all the sidewalk and patio space available, planters will be set out to create the right outdoor ambiance, and the apartment residents can just step outside their door and have it all right in front of them."
Check out the photo gallery for a look at the progress and the placement at downtown ChampionsGate. And stay tuned to Orlando Business Journal in print and online for more on Central Florida's commercial real estate industry.
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