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New Hotel, Restaurants, Office Space Eyed For Land Near Sanford Airport

08/08/2023 6:29 PM | Debbie Colangelo (Administrator)

New restaurants, shops, offices, and a hotel could be coming to land just east of the Sanford Orlando Airport, next to where a Publix shopping center is going up.

Local land developer Sadique Jaffer is looking to bring a commercial center called Queens Crossing to nearly 27 acres along E. Lake Mary Boulevard just south of S.R. 46, according to plans filed recently to the St. John’s River Water Management District.

The project site is directly next to where Ontario-based North American Development Group is building Kings Crossing, a Publix-anchored shopping center with a neighboring 244-unit apartment community.  The company took out financing on May 1 for $19.9 million from Manufacturers and Traders Trust Company and started construction the next day, according to a notice of commencement filed to the county.

When NADG purchased the property in late 2022 for $5.5 million, Paul P. Partyka, a managing partner with NAI Realvest who brokered the deal, predicted that the Kings Crossing project would be a “development catalyst for an area that serves as a gateway to Seminole County.”

Enter Queens Crossing.

Plans drafted by Z Development Services call for a four-story, 113-room hotel along with nine commercial buildings totaling 81,490 square feet.

The project designates 47,040 square feet to retail space, 19,400 square feet to office space, and 9,650 square feet to restaurant space. Plans also include a car wash totaling 5,400 square feet.

The hotel would go directly behind the Publix shopping center that’s being built for Kings Crossing. Application materials filed to the water management district don’t indicate what brand the hotel will carry.

An entity affiliated with Jaffer’s company purchased the Queens Crossing project site in 2010 for $2.6 million, according to deed records.


Source:  GrowthSpotter



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