What’s going there? Del Taco NEQ Colonial Dr and Maguire Blvd Orlando, FL
January 11, 2023
What’s going there?
NEQ Colonial Dr & Maguire Blvd
Control in the former Sears store at the Orlando Fashion Square mall was acquired several years ago by Seritage Properties REIT. The entire parcel is now officially known as The Shoppes at Orlando Fashion Square. Seritage subsequently reloaded a portion of the Sears anchor store with Floor & Décor. As well, the former freestanding tire store near the southwest corner of the site was demolished to make way for a new Longhorn Steakhouse at the hard corner. Olive Garden also subsequently relocated from their older restaurant to the east, to a new building located in front of Floor & Decor.
Development should begin shortly on yet another freestanding retail development on a roughly 0.5-acre parcel along the north side of Colonial Drive, just east of its intersection with Maguire Boulevard. The improvements will consist of a roughly 2,300 sf Del Taco quick-service restaurant including drive-thru. The development will offer six surface parking spaces adjacent to the building, as well as access to shared parking within The Shoppes of Orlando Fashion Square (reportedly 4:1,000 sf). While no terms were disclosed, the underlying site is likely being ground leased on a long-term basis.