DevelopmentTop story
Colonial Promenade moves a step closer to a $20 million 1980s-style makeover
The new east building would hold 125,000 square feet of retail
Floor area of the new east building, beside places you know
2 football fields would fit inside the new east building
Sources: GrowthSpotter, WKMG
View as table
| Floor area | |
|---|---|
| The new east building | 125,000 sq. ft. (Retail with a wholesale anchor) |
| Colonial Promenade today | 180,000 sq. ft. (The whole plaza) |
| A football field | 57,600 sq. ft. (end zones included) |
| A Walmart Supercenter | about 180,000 sq. ft. |
If you've driven past the mostly empty Colonial Promenade on East Colonial Drive, here's what's next. A Greater Orlando Aviation Authority committee unanimously approved a 30-year lease Wednesday with The Wideman Company, which pledges a $20 million rehab. The plan keeps the arches and palm trees, swaps the awnings for a covered walkway, and leans into the plaza's 1985 roots.
The east building comes down for 125,000 square feet of retail anchored by a big-box wholesale store with a gas station. The aviation authority has eyed the site since 2018, and its first call for developers was withdrawn for lack of interest.
- Timeline: one year for permits, then two years of construction
- Final vote: full aviation authority board, Wed., Nov. 18
- New name: The Landings at Baldwin Park
- Last two tenants expected to leave before year's end
Rent would start at $500,000 a year and average about $1.2 million
Source: GrowthSpotter
View as table
| Value | |
|---|---|
| During construction | $500K |
| Initial-term average | $1.2M |
