DevelopmentThursday, November 5
Colonial Promenade moves a step closer to a $20 million 1980s-style makeover
The ORLtoday team
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 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. |
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 The aviation authority has eyed the site since 2018, and its first call for developers was withdrawn for lack of interest.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 |
Sources: GrowthSpotter, WKMG