Make us your home page
Instagram

Retail development begins on north side of Cypress Creek Town Center

The first retail component of the northern portion of the Cypress Creek Town Center in central Pasco is under way, with a Tennessee developer planning a nearly 21,000-square-foot strip center with an adjoining restaurant.

The center and 5,000-square-foot restaurant will join the just-opened Pollo Tropical, Ford's Garage — which is under construction — and a planned Taco Bell along the north side of State Road 56 between Interstate 75 and Wesley Chapel Boulevard (County Road 54) in Lutz. That puts them directly across the highway from the Tampa Premium Outlets mall and the six restaurants, with two more under construction, in the portion of the town center south of SR 56.

"All you've got to do is drive by. Every restaurant out there, the parking lot is filled,'' said Robert Sierra, chairman and CEO of Sierra Properties.

Sierra Properties and affiliated companies own the 204 acres in the northern portion of Cypress Creek Town Center. Simon Properties and the Richard E. Jacobs Group are the primary developers of the town center south of SR 56, where all of the retail development activity, including last month's opening of Costco, has occurred.

But, on Feb. 13, Pasco County approved the preliminary site plan for the 3.3-acre parcel holding a seven-store retail center plus a restaurant and a 1,000-square-foot outdoor patio north of SR 56. Bulldozers began preparing the site for construction last week. The developer is Hutton of Chattanooga, Tenn., which lists 979 development projects across the county on its website.

Hutton also is the developer of the planned 325,000 square feet of retail space on land north and east of the Ford's Garage restaurant, Sierra confirmed. That parcel, at one time, had been targeted for a Cabela's outdoor sporting goods megastore.

Much of Hutton's recent portfolio includes smaller projects like Family Dollar and O'Reilly Auto Parts stores, but neither of those will be coming to Cypress Creek, said Sierra. Hutton representatives did not return a phone call seeking comment. Sierra said five of the stores already have tenants. He declined to name them.

But, a March 3 flier from leasing agent Southeast Retail Group, which is marketing a site in the southern portion of the town center, identified potential tenants in the Hutton plaza as Men's Warehouse, T-Mobile and Mattress Firm, plus Newk's Eatery and Mellow Mushroom restaurants. It also listed Bahama Breeze as occupying a separate stand-alone restaurant building to the east.

Hutton's participation comes at the same time as a different national shopping center bowing out. Regency Centers had planned a 13-store, 240,000-square-foot plaza at the western edge of Cypress Creek Town Center, to include an organic grocery store as an anchor. But the company no longer is involved, Sierra said. Those 22 acres, at the corner of SR 56 and Wesley Chapel Boulevard, are again available for lease.

Construction of the 130-room Hyatt Place-Wesley Chapel, on the far eastern side of the town center site, should begin in April or May, said Sierra. The northern town center project also includes 230 apartments, while the south side is zoned for additional stores and a movie theater.

Retail development begins on north side of Cypress Creek Town Center 03/10/17 [Last modified: Wednesday, March 15, 2017 5:47pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Massachusetts firm buys Tampa's Element apartment tower

    Real Estate

    TAMPA — Downtown Tampa's Element apartment tower sold this week to a Massachusetts-based real estate investment company that plans to upgrade the skyscraper's amenities and operate it long-term as a rental community.

    The Element apartment high-rise at 808 N Franklin St. in downtown Tampa has been sold to a Northland Investment Corp., a Massachusetts-based real estate investment company. JIM DAMASKE  |  Times
  2. New York town approves Legoland proposal

    News

    GOSHEN, N.Y. — New York is one step closer to a Lego dreamland. Goshen, a small town about fifty miles northwest of the Big Apple, has approved the site plan for a $500 million Legoland amusement park.

    A small New York town, Goshen approved the site plan for a $500 million Legoland amusement park. Legoland Florida is in Winter Haven. [Times file  photo]
  3. Jordan Park to get $20 million makeover and new senior housing

    Real Estate

    By WAVENEY ANN MOORE

    Times Staff Writer

    ST. PETERSBURG —The St. Petersburg Housing Authority, which bought back the troubled Jordan Park public housing complex this year, plans to spend about $20 million to improve the 237-unit property and construct a new three-story building for …

    Jordan Park, the historic public housing complex, is back in the hands of the St. Petersburg Housing Authority. The agency is working to improve the 237-unit complex. But the latest plan to build a new three-story building for seniors will mean 31 families have to find new homes. [LARA CERRI   |   Tampa Bay Times]
  4. Coming soon at two Tampa Bay area hospitals: a cancer treatment that could replace chemo

    Health

    A new cancer treatment that could eventually replace chemotherapy and bone marrow transplants — along with their debilitating side effects — soon will be offered at two of Tampa Bay's top-tier hospitals.

    Dr. Frederick Locke at Moffitt Cancer Center in Tampa is a principal investigator for an experimental therapy that retrains white blood cells in the body's immune system to fight cancer cells. The U.S. Food and Drug Administration approved these so-called "CAR-T" treatments for adults this month. In trials, 82 percent of cases responded well to the treatment, and 44 percent are still in remission at least eight months later, Locke said. [CHRIS URSO   |   Times]
  5. Regulator blasts Wells Fargo for deceptive auto insurance program

    Banking

    Wells Fargo engaged in unfair and deceptive practices, failed to properly manage risks and hasn't set aside enough money to pay back the customers it harmed, according to a confidential report by federal regulators.

    Wells Fargo engaged in unfair and deceptive practices, failed to properly manage risks and hasn't set aside enough money to pay back the customers it harmed, according to a confidential report by federal regulators.
[Photo by Spencer Platt/Getty Images, 2017]