The developer responsible for bringing five new retail projects to the Orlando market is working with a growing sporting goods store concept on a couple of new sites.
Franklin, Tenn.-based UP Development Inc. — which spent nearly $65 million earlier this year to land-lease, buy and redevelop Orlando Fashion Square mall plus its neighboring outparcels — plans to build two Dick’s Sporting Goods stores in Orlando and Lake County.
The Pittsburgh-based retailer (NYSE: DKS) in 2010 kicked off an aggressive growth plan to put 54 stores in the Sunshine State. It now has three Central Florida stores, two of which were in UP Development properties.
The projects would bring construction jobs to the area as well as add more space for retailers to expand into, since sources said it’s hard to find existing retail space in Orlando’s top submarkets.
Construction costs could range $3.2 million-$5 million each for the shell — not including land, fixtures and other such soft costs — and each would hire employees as well, though it’s unknown how many per store.
The former Toys “R” Us store at Fashion Square mall was demolished and will be redeveloped into a 50,000-square-foot standalone Dick’s Sporting Goods, said principal Scott Fish. Meanwhile, a new 40,000-square-foot Dick’s Sporting Goods will be built in Clermont, but it’s unclear whether UP Development has closed on the site yet or not.
UP Development has Dick’s Sporting Goods stores in its previous Orlando-area projects: Millenia Plaza and theShoppes at Alafaya.
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