Homebuilder/developer AV Homes plans to transform 100 acres in Kissimmee into a 500,000-square-foot retail center.
The price tag for the site work and development could be as big as $40 million, Scottsdale, Ariz.-based AV Homes' (Nasdaq:AVHI) Central Florida division Co-President Matt Orosz told Orlando Business Journal. The project design is slated to be finalized by mid-2017, and construction is expected to begin later that year. It will be built across the street from Solivita, at the end of Poinciana Parkway.
The center will include:
Several big-box retailers, as well as smaller shops
13 outparcels slated for restaurants
A 7-acre outparcel for a potential medical office building
Bid packages will be released in late 2017; companies should contact Hank Yunesat H.Yunes@avhomesinc.com for development and construction opportunities.
This is the second big project in the works for AV Homes — the developer also istransforming 3,000 acres of land into a mixed-use commercial and residential real estate center.
"The complexity of this project is pretty enormous," said Orosz. "We're just staging everything and waiting for final plans to be approved."