New 427,000 square foot shopping complex coming to N. Kissimmee
By Ken Jackson
The first retailers in a new shopping plaza in North Kissimmee could open as soon as October.
Osceola News-Gazette photo/Andrew Sullivan — A groundbreaking ceremony will be held Wednesday at 8:30 a.m. to formally kick off the The Crosslands, a Loop-like retail complex at the northwest corner of Orange Blossom Trail and Osceola Parkway. But the land already is nearly cleared and ready for utility installation.
That speaks to how quickly construction will likely occur at The Crosslands, a Loop-like retail complex at the northwest corner of Orange Blossom Trail and Osceola Parkway. The development is the brainchild of the Deerfield Land Corporation, the real estate subsidiary of Tupperware Brands, headquartered on OBT just east of the development.
A groundbreaking ceremony will be held Wednesday at 8:30 a.m. to formally kick off the project, but the land already is nearly cleared and ready for utility installation. The first building pads will be done next month, after which building will be able to go vertical.
“We’re already into excavation mode. This project is hot and heavy,” said Tom Roehlk, Tupperware executive vice president, chief legal officer and secretary.
The complex will feature 427,000 square feet of building space; for reference, Loop West (300,000) and The Loop (440,000) are of similar size.
Tupperware’s equity partners in the deal, developer Peter Bergner, of West Palm Beach, and New York real estate development firm O’Connor Capital Partners, are familiar with the area’s retail space. O’Connor recently sold Loop West for $52 million.
“It’s a group we’ve worked with before and we’re comfortable with,” Roehlk said. “You need that with a project of this size.”
He said Crosslands was designed to complement The Loop, rather than compete with it. It will mostly include retailers who are not at The Loop.
Anchor stores signed up for locations at The Crosslands include Hobby Lobby, Haverty’s Furniture, Marshall’s Home Goods, Ross, Academy Sports, PetSmart, 5 Below, Boot Barn, Starbucks and Cheddar’s Casual Cafe. Others will be added as contracts are signed.
An interior road will connect Osceola Parkway and OBT at already-signaled intersections at Centerview Boulevard and at the light at Osceola County School for the Arts.
While the earliest tenants will be able to move in this year, it will be late 2015 before the entire development is built out, Roehlk said.