New Mixed-Use Project Gears Up Near Lake Mary

Mar 12, 2014 No Comments by

A new mixed-use project is set to break ground in Lake Mary that will help businesses and retailers set up shop next to one of the 12 new commuter rail stations coming online this spring.

Construction is slated to start in 2015 on Station Pointe at Lake Mary, a new 32,000-square-foot office and retail project with a connecting walkway to the SunRail commuter train stop platform on East Crystal Lake Avenue in Lake Mary. Developers Chris and Dana Mahnken of Lake Mary are marketing space for a coffee shop, sandwich shop, drug store, dry cleaner and beauty salon, as well as professional offices for those looking to serve commuters on the $1.3 billion train.

Developments next to transit stations typically command higher real estate values and help boost surrounding property values. Locating a business on the commuter line also helps companies attract top talent looking for transit alternatives, as well as helping to offer more transportation options to existing employees.

Rick Bavec of Tolaris Realty Group in Sanford is the leasing agent for Station Pointe. Available spaces range from about 900 to 2,300 square feet, according to an online site plan.

SunRail’s 31-mile first phase will begin operations on May 1 and includes 12 stations between DeBary in Volusia County and Sand Lake Road in Orange County. Construction on the second phase — which includes a piece going south to Poinciana in Osceola County and a north alignment to DeLand in Volusia County — is set to start construction in 2015 and begin running in 2017.

 

Source:  OBJ

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