HomeMy WebLinkAbout1989 03 09 Commerce & Industry Development Board
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A MEMBER OF THE SEARS FINANCIAL NETWORK
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June 21, 1988
Mr. Richard Rozansky
City of Winter Springs
1126 East S.R. 434
Winter Springs, FL 32708
RE: The Village Marketplace
Winter Springs, Florida
Dear Mr. Rozansky:
At the request of Mr. Don
referenced property. As
would like to mention the
$1,900,000.
L!/
JUN 22 19Sa
CITY ot WINTER SPRINGS
COI(tlMdM~R
COMMERCIAL REAL ESTATE SERViCES
Division of Coldwell Banker Commercial Group, Inc.
licensed Real Eslate Broker
201 SOUTH ORANGE AVENUE, SUITE 1400
ORLANDO, FLORIDA 32801
(305) 843-4020
LeBlanc, I am enclosing information on the above
the exclusive sales agents for this property, I
sales price has been reduced from $2,125,000 to
While this new price is not in "writing", it has been our understanding from
the owners representative that an offer in this area would be favorably
considered.
If you would like to discuss
please do not hesitate to call.
Marketplace.
Sincerely,
,~ctL~
Steven Hovdesven
Retail Specialist
SH/sr
sh 173-3
Enclosure
this opportunity in a more specific manner,
Thank you for your interest in the Village
... "fMI[1I or THE SfAAS rlHAWCIAL H["TWO"~
OC>MMERCIAl REAL ESTATE SERVICES
FOR SALE
THE VILLAGE MARKETPLACE
Winter Springs, Florida
PRESENTED BY:
Daalel P. Baker
lanstment Specialist
and
Steven Hovdesven
Retail Specialist
COLDWELL BANKER COMMERCIAL REAL ESTATE SERVICES
A DIVISION OF COLDWELL BANKER COMMERCIAL GROUP. INC.
20J Soutb Oranle Annue, Suite 1400
Orlando, Florida 3280J
(305) 843-4020
PACKAGE NO.
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CO....E~C...L AE"~ ES1ATE SERVICES
INFORMATION PAGE
VILLAGE MARKETPLACE SHOPPING CENTER
Winter Springs. Florida
LOCA TION:
NWC of North Orlando Boulevard (S.R. 434) and Sherry
Avenue.
BUILDING:
46,390 square feet (includes 1,989 square foot free
standing Dino's Pizza).
YEAR BUILT:
1981
NOI (STABILIZED):
5258,669
PRICE:
52,125,000
PARKING:
372 spaces
UTILITIES:
Shopping center operates on 18,000 gallons of prepaid
water and sewer.
ZONING:
Commercial, City of Winter Springs.
IMPACT FEE:
Existing building should be exemot from pending
impact fees imposed by Seminole County. (S3,057 per
1,000 square feet)
TRAFFIC COUNT:
1986 Department of Transportation traffic count was
29,106 vehicles per day.
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,.. ,"fD"".h01' conlllfttC ""'1ft hIS "'hf' bHr Ilw,r. ID us br I'" o"n,' Of 11'1' propt") 01 Obl"ft'tl "Oft'IIoOI,I'Ctllh.'., Off'" "I..t)lf W, 1'1". nt 'tlWit; Ie. aoubt III 'CCU":t lhl! "f ae nO~ ,,,,''''It" f. "'ta":, !':I:'l ul-tC P\f". '" ,.
.rbl,.,) prlttft"I' ..we O"'i. ",t': ''''''Pit 11 Cion Plot ftfC'Ulh1r "I,t." Itlu.' 'IC.,,:, .~ .,., '''' ,,'lit 0' UU$""ftl""nl .$ OfllfnClt": "pc." IhfM tSf,l'I'l,I'l,ftC ll.lurl':P111)"l ".,Ot lOCH I~ ",' .! ,flit ....,'~~!'.' .'l:t-.r t~ lU t.~.:
UI Ina 01'" IoClor' .O~O ,..r '"11I.''"' Ina '.. Ifrl' C'.O", ,0..la .."",I. THI "OS'ICTlVI IUTU SHOULD cUllum VIIIF! IACH ITEI 01 ._COII U'USI. A_D ALL OTHIII.'O.."IO. COU".ID HIIII.
" "f"'f~ ~ THf SU~S ',"."CI.l "fTwO~.
CO....ERCIAL REA. ESTATE SfRV.CES
COMMENTARY
The
Village
Marketplace
is
loca ted
on
heavily
traveled
S.R.
434,
.approxima tel)'
1/4 miles cast of Highway 1'.92.
This 46,390 square foot
shopping center is in need of an anchor tcnant and cosmetic repair.
Originally Malone & Hyde' operated a 20,281 square foot Fairway supermarket
store out of this site.
They then subleased the premises to Piggly Wiggly
Pigg)' Wiggly franchised this location along with several
Supermarkets.
others to a local businessman.
During the past six months all of the stores
havc either been sublet again or closed.
It is our opinion that this
location's vacancy is more a result of mismanagement than the lack of demand.
An intercstcd investor should view this shopping ccnter as an opportunity to:
purchase an existing building (thus avoiding approximately SI40,OOO of
proposed road impact fces), lease to a 20,000 to 30,000 anchor tenant who can
dra w the surrounding population to the site, and lease the remaining space to
a variety of smaJJer tenants at current market rates.
ht IfltO"ftltlOf\ ton1IlftfCI tw"", flu "'''', _1'1 rWfI'l to us b, ... ownlf .1 1M proPt"l 0' obl'lfttO' from 1OU"tS tr~" M CItt"" r,l..blt W, fI", ftO "not' to doubt Ib ,tCuflt, bll' " de. nOI,,,,""'" f. V'ClftC, 1"'0'1 "we ~'f'" Itt If'!
Irbltr.t't Pf'ctnlllt "SIC orll, as '" ,um. "dla' not MellY'''' r'l'lt IOlCtUli "CiftCt If ,Pl, '''' .,I\If Of II\IS Ift''''fftt"'r. GfDfftGfn: "por: 1"''' 1$..,....1.1 I"" 'UW""1)110"S ""Of .btr'f .1 .t' 'S '''' "'.'11""". "':C:"f fPlf 1,.Dr.:
WI. .1ICl1l"" IICIOII .ftoCft,..,. 1I.1d""" .nolO' Itl" counltlsllOolG t,"UlIt 'MI PIOSPICTlWI IUTU SMOULD UIlfULU wUln IACM ITlI 0' IICOII. II'IISI. AID All OTMII II'O.IAlIOI COnllllD MIIlI'
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,. ..E"IEo 0' THE SUOS "HAHCIAl Hl"TWOO.
COM..ERCIAl REAL ESTATE SERVICES
COMPETITION MAP
J) Longwood Lake Shopping Center
Anchors: Albertson's (60,000 square feet)
Locals: J5,000 square feet
Local Rent: S I 0 per square foot plus pass throughs
Year Built: J98J
Total Size: 7S,000/Total Vacant: J,050 square feet (J2/87) Occupancy 99%
2) Longwood Lakes South Shopping Center
Anchors: Holiday Spa (9,875 square feet)
Locals: 4J,325 square feet
Local Rent: S I 4 per square foot plus pass throughs
Year Built: J 982
Total Size: SJ,200/TotaJ Vacant: 8,230 square reet (10/87) Occupancy 84%
3) Longwood Promenade
Locals: J2,987 square feet
Local Rent: Sl I per square root plus pass throughs
Year Built: 1987
Total Size: J2,987/Total Vacant: 4,000 square feet (12/87) Occupancy 69%
4) TG&Y Plaza
Anchors: Winn Dixie J 7,050 square feet, TG&Y 60,000 square feet
Locals: 20,000 square feet
Local Rent: SJ J per square foot plus pass throughs
Year Built: J970's
Total Size: 97,050 square feet/Total Vacant: -0- Occupancy 100%
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.., 1/lG ....., IotlDfS o.en r...' ...Id..... I.~/" _II' CIu.stl .no.lcl '.II..1t THI 'IOSPIClIVI .UYlI SHOULD CAIHULl' 'U'IY lACH 1Il1 or 'ICOII. U'll$(. AID ALL 0'HII.lrO.I&1I01 COI""ID HIIIII
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A "E"If. 0' THE SEUS "HAHClAL N[TWO..
C:O"'..ERCIAL REAL ESTATE SERV'CES
INCOME
Grocery
Drug
Locals
Reimbursements
Less: Vacancy @ 5%
EXPENSES
Net Operatia& Jacome
CAP Rate
Value
20,281 S.F. x ~4.35 .
8,320 S.F. xS6.50 .
J 7.789S.F. x 58.75 .
46,390 S.F.
5 88,200
54,080
J SS.Sl16
5 297,876
5 5S,m
(7.427)
$ 346,171
($87,502)
5 258..669
) 0%
52,587.oDO
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~5cSEMINOLE
Tueeday, ~ 24, 1987
Don Boyett
SEMINOLE COUNTY EDrrOR
Shopping prospects _
grim in Winter Springs
ILeal ~ _.......ICy: A ~
point with many in Winter SJ7fUIiS is
that, d~spite having a population of
mo~ than 20,000 and the l.arg~st land
_ of any city in SemiDoIe, it hasn't
a Ilnlle luperrnarkel. Golnl to l.b~
~f)' ~ means dloppinl at a con-
wnien~ ~ or driving out of town
- not t.ar out, but out, non~th~less.
~ other IClft point - DOt aJWItinI
Mayor John Tarr:05.1's e1J0Tls 1.0 keep a
.post om~ in town - is thai the city'I
only real dloppinc center nf'Y'ef ,ot off'
the cround. Two luperrnarket at.
tempts at the ~nter on State Road 434
.. fa.iJ~d; now ~vco 0Tu1 has closed.
Thlt leaves only a crab bouse, baT,
laundr)', cam~ room and lots and lots
"i. of vacant splI~ in the center,
And lest any hopes rise at the liiht
ot d1rt work n~ar I sign advertisini a
JM'9o' shoPPini t'eJlter just inside th~
CIjty limit m&Tk~r on S,R. 434, qui~t
them: WhiI~ the highway in front is in
u., city and the center probably will
have a supennark~t, the ~nt.er its~1f
wi.1l ~ in th~ unincorporated area oC
~ C'lunty,
Ocur, but still out oltown.
Why hasn't th~ 7-yur-old center
mad~ a 10 of it'
Both luperrnarktts made bold el-
fort.a with ~e, _U-stocbd ""rei,
~t t.beoy Co&lSed; and without a ItronI
anchor, tbe IlDaller Ilonl were
dnqmed.
/But it tUf!S IJIOft than a ItroDl an.
I ehor for a shoppl.o"lC Cl!Dt.er 1.0 suceeed.
, Surely on~ tq ~t be~, ewn
~fo~ th~ rlYaCf!S d lime and neclect
took their loll, was \he VMt e:q:JanR or
uphalt, brok~n only bylich1 -.an-
cWds, aeparatin, the atreet'" 1he
1Sores, Not an invitin& ai&bL '.
"" "" ""
"
.
It c.ssel~rry residents Itart Iaki.n&
an a trimmer look., credit the 1oc:aJ-.
tion IU tis. 'nIe cit,y'1 portion d t1Ua
. tax is loine lor nurty 2 mila of ..
MIlts now under COJ\ItNttion, which
aluJd enco\U'l&~ more walltinl and
beU.er he.alth.
There's also another potential heM-
.' at: Should the ~ts ~t 10 cIoued
with tnmc: that driven have 1.0 pi. out
and 'IIallt. at le&.st thty'U hive a suit.
IbIe pIIICt &0 do it.
No help lor jailed women
Drug-and-alcohol program at county jail takes only men
B, t- Duia Pani,h
or aIcoholoft1ated crimes.
~Uy aPd he hopes &0 ~ an iIl-jaiJ
procram lor women when ~novated
aectionl ol th~ Sanlord jail can be
opened lor inrnat.f!S, A date for that has
DOt been Ie't because no prison~rs can
~ rI'lOYtd until enouch CIOn'I!Cbona 01.
ficers ~ biI'ed.
WIt all depends on YiMn _'re abl~
to hire ~ 1ta1'I', "assistant jaiJ adminis.
tnt.or Robert Fi&hcr said.
In order 1.0 Corm a '"tbeTIpeutie com.
munity" and provid~ a 24.hour pro-
crwn as much lik.~ a resid~nti.al one 16
poasible, 1M in-jaiJ tratm~nt requires
that all inmat.f!S ill ~ ~ live in
1.be 5am~ celJ block, CoUow ~ 5am~
Nles and at:lend al 1east two poup 1ft,
aioas a day, K.e1ly sai d.
So far, there has not been ream 1.0
houR in the 5am~ eeU block all th~
"'--,,-
&o\NFORD - A dN( and a1lXlhol re-
habilitation pI"Ofl"am that allows male
inmatel at SemiDol~ County jail to
e&rn reduC'tions in their Rntenca U
DOt bei.n,c otft:red to women beOIlwe
tbeore'l no room.
""or 1UI't, worn~n have bten dis.
criminated against," said Morris KeUy,
clirec\or of the Treatment A1\.emabvt!S
to Stree't Crime procrvn.
The prouam has ~ted at 1.be jail
for lis yean throu,ch The Grove, a
drul c:ounl~ling c~nter in Wint~r
Sprinls. Model~ al\.er I national pro-
cram. tts loa.ls ~ 1.0 help prisoDen re-
form and 1.0 redu~ their c:ba.nces oC re-
pated iAc:aroeratioJ1l because or clruI-
women who wanted 1.0 ~ in th~ pro-
. crwn, KeUy said..
Around F1onda. th~~ is a chronic
abortac~ or tratm~nt a1temativ~s for
wom~n, tven though 23 TASC pro-
crams aerv~ most oC th~ 67 counties,
laid Lindl Lewis, an administrator
with the Nit Departm~nt of Health
and Rehabilitative Servi~s' ciNg and
alcohol procnam in TaIWlusee.
LPwis said &he did not know hov.'
many of ~ 23 programs induded
in-jail tl'eatment for wom~n.
Th~ need is th~re, h~ver. KeUy ~s'
timated that 80 percent of th~ 30 or so
wom~n inmates at SenunoJ~ Count)'
'jaiJ are druc or alcohol abusers.
AD that is otl'ered 1.0 wom~n J1(M' is
acr~~ninl and an ass~ssm~nt oC
Please see JAIL. 4
Speaking out on
school board rule
Some say getting a spot on meeting
agenda is too complicated, stifling
8, Michael Griffin
"'_~ST_
SANFORD - The S~minol~ County School
Board's N1~s for spealtinc at meellngs are complicat-
ed and desiln~ 1.0 stillt th~ disC'Usslon of controver,
sial ilsuf!S, according 1.0 two ~l1gious I~aders who
IIY th~y ha~ had I hard timt airing their vitwS.
OflIciaIs IIY th~ N1~s ~ ~asy to CoUow, d~signed
1.0 (ivt board m~m~rs enou,ch time to ~search is.
sua and ~ aim~ at keeping meetings It I man.
.,eabl~ Ientth,
'nit disagreement has led Rabbi Maun~ Kaprow
and ~ R.eov. John BuU~r Book 1.0 t&k~ extraordinary
Ite'ps to ensure the')' ~ allClW'td 1.0 exert:ise their
rilht 1.0 apeak at the public meetines.
Kaprow, rabbi of tht W"llliamsbure Jeowish Congre-
ration, band-d~li~rs his requests 1.0 appear ~fo~
the achool board and insists the)' are stamped with
tht month, day and time theoy IIJ'f l'e'Ceiv~. Book.
put.or or Northside Church of Christ n~ar Altamonte
Sprincs, aends copies of his requests 1.0 his lalllYer in
cue the requests ~ denied. Book said h~'U sue it
his rilhts ~ abridced.
""They \lie thOK N1a &0 their ~n~tll," Book said.
"U)'O\I don" CI'OS$ all tht TI and dot all th~ 1'1 th~n
they preovent you from 1J)eaking."
School Superintend~nt Robert Hugh~I said the
NIes ~ equ.tll,y worM and., while Book has been
defti~ I IIpot on the .,end&, h~ has always been (iv.
1m the rilbt 1.0 corn.meDt on isaues ~ro~ th~ board
"Even people who dan" I~t on the lI~nc!.l ~
apealt on iuues," Huches said. "We foUCN.' the proce.
dures cJoee1)' and typicaIb' - tl)' 1.0 ~odate
eYtJyOllit,"
Anyone who wanb to be plat'ed on th~ lIl'nda
Please see AGENDA, 3
A s~nglng 111M ,~ ;:
..Mautww.RQertt, 3, ~ Wnter ~, and Ns cousln, R..cheI
Comwe/I, 2, of Brandon, had 1he time of '*' r;.". r8C8I'dty on
. tire swing e:I . new playground near the famous sinkhole In
Winter Partt, Both kids are obIMous to anything ~ their fun,
16 up 2.45
:Sown 0.43
:Sown ~.89
joWI'\ 2.81.
~, up 0.22
JI.90
, .02
.46
..... 8.25%
, 1125%
7.88"-
... 3042.7
ld Itum-
. Wednes-
ecUne of
J average
ne on the
86.25 mil.
on shares
lfket was
Tuesday's
DnTrDst
.quarter
$67.7 mil-
r. The At.
parent of
U1'Tent as-
s of $25.1
in profit-
with $141
~~
.~:
ees com-
m region-
).omcials
pokesman
he region-
t full.time
~1l fran.
ees, . sci.
'Y~mploy.
rernporar.
tervice in
m be able
1a Beach
If Nov. 15,
said. East.
lday 1liIht
I ans to in.
Oights be-
ni on Dec.
L
lied 116.5
Iy~e
e h
ld e off
r into low
lIS Corp.,
'1 ._..___
Florida's major 'banks foUO'Wed the lead
of Chase Manhattan Bank in New York
and other money-center t5.nancial institu-
tions Wednesday and raised their prime
lending rate to 9.25 percent from 8.75 per-
cent.
The second increase in the bench.mark
rate in . little more than a month could
presage higher consumer interest rates
and ,,"ill immediately affect those with
home-equity loans that are tied to the
prime, economists and consumer adve-
CJIF Tl1E semNn STAFF
L
Piggly Wiggly
supermarkets
up for sale
By Denise 1.. Smith
CJIF Tl11 &amNEL STAFf
stier competition, inadequate
profits and resulting tinancial
problems have put some Piggly
Wiggly stores in Central F10rida
on the selling block, store officiaJs
and a lender said.
MaJone && Hyde Inc., a Mem-
phis, Tenn., wholesaler that fie
nanced seven of the Orlando
area's nine Piggly Wiggly super-
markets, foreclosed on them two
weeks ago af'ler franchisee Sam
Posey defaulted on his loan.
Gary Burhop, Malone && Hyde's
assistant to the president, .said
this week that the stores "couldn't
generate enough net profit to ser-
vice the debt." Posey, he said,
''volunt.arily SU1'Tendered collateral
to us." .
Malone && Hyde already hils sold
two of the Iievell st.ores, aU .of
which remain open. A third .tore,
1n Tavares, i& scheduled to be
.e1osed within three weeks and.will
not be reopened. Buyers are being
sought for the ather four outlets.
Posey, who lives in Orlando,
could not be reached for comment
Tuesday or Wednesday. Other
.tore offiCiaJs gave varying rea-
IOns for the loan default.
Jody Bov.ma.n, a former general
manaler under Posey who now
owns one of the Pinly Wilily
Please see PIGGLV;B-6
The prune rate lncrease DY State s DIK'
gest financial institutions - including
NCNB of F1orida, SunBanks Inc., South-
east Bank and Barnett Banks Inc. - fol.
lows the Federal Reserve Board's li.tling of
the discount rate - the rate the banks pay
to boJTOW from the nation's central bank
_ from 5.5 percent to 6 percent on Sept. 4.
'!be prime now is at its highest level since
March 1986, when it stood at 9 percent.
""This is just another leg on the way up"
tor interest rates, said William Newton,
vice president and economist at NCNB
Corp. in Charlotte, N.C., who noted that
the cost of money to banks increased
UUlIll. nl:' WlU UUH 1.1l~ "".,,,,,,,, ..
by NCNB on longer-term certificat
.posit had risen Crom 6.75 percent
than 8 percent in just the past mon
Most economists had expected
prime rate. A Shearson Lehman B
nomic forecast on Sept. 18 proj
prime rising to a 9.08 percent ave
the final quarter of this year, 9.5
1988 and 9.9 percent in 1989.
. Alan Fox. legislative represen
the Consumer Federation of Am
Washington, said home-equity I
Please see
D
'.
.'
Piggly Wiggly Corp.
.. .
. ..4 :. :~.
. .
Headquart.rs: Memphis. Tenn.
Pr..ld.nt: Lawrence Crane
Busln...: supermarket
franchiser
F.ct.s .nd flgurea: franchises
more than 1,000 independently
owned supermart<ets. including
g in Centra' Florida that employ
more than 400 people.
s-- ...." WlWI" ..... a ""'" ~
.'. . '.
~
". . ........ . . ....
0' ,,". ," . :'.-! :." .
"'. . . :". ..~.~:':.,,: -:'~'
-
'00 ..
-. "."
'.
',. :,... ",' .
~: ':.~: :.,~~ : .
Shoppers enter Piggly Wiggly on Lake Underhill Road in Orlando.
7 businessmen indicted in $1 00 million Te
AII()OA TED I"IIESS
with racketeering. They are Spencer H.
Blain, board c:h.airman of Empire Sav-
ings and Loan Association in Mesquite,
__ _ _L _ .__ __ _# "'_~. a.... "D....l . .1.......... 'Ut f'n"""""lv
tions to make loans at inflated value.
the developers, with $100 million in )
proceeds diverted for personal profit
The seven men were charged "'it
~ _ _ . -. ~. . _ ..... _ . ....... j, .;,;"...~ .
~ -.:;: i : ~'; ~ _ By John C. Van CicaoD
ri., . -, ' ~ .: : : ~ : IlEImNEI. TAUAI1ASSEE IURf.AU L
'...~:-: j ~::: : TALLAHASSEE - Insurance Commis~ion~r .~ill
'. ' '. _ . .. Gunter on Wednesday ordered commercIal liability
. I, insurance companies to refund more than $J.4 mil.
'.,- . lion 10 their business and professional custome.. in
.." ~~. Florida..
....... Gunter acted unde.r authority of a 1986 law aimed
. I at retonNng the civil negligence system. A provision
. .of thBt law required a special one-time commercial
: . liability insurance credit of 40 percent (or October,
.: i' November and December 1986.
. The re{unds were delayed, however, by a court
. . fight over the law. The Florida Supreme Court
: . upheld the law in April, striking down a provision
: limiting non.economic c:lamages to $450,000, and set
· procedures under which Gunter ordered the refunds.
Policyholders may receive the credit, which
amounts to 10 percent of their annual premiums, ei.
ther as a direct refund or as a discount when they
renew their policies. ,
Michele McLawhorn, a spokeswoman for the In-
.urance Department, said the agency has identified
113 companies so {ar thBt will be required to make
refunds. She said as many as 200 companies ulti.
mately may be affected by. Gunter's order.
, tlerLlnds by liability insurers
&11 ".~~ ,;
Of ~r S[II,'1111,
Company
Refund,
In million.
$2.3 '
$1.9
$1.9
$1.9
$1.Y
$1.3
$1.1
$1.1
$1.1
$1.1
First Fedl
as the large
purchased 1
America, a
Central F10r
The savin
Home Unity
The purchas
Roger W.'
cer of Inde
will retain i'
Academy M!
Conner ~
dence Mort
Nationwide Mutual
USF&G ._._ ...
Cigna Group .
Aetna Ute & Casualty
Fireman's Fund Group
Crum & Forster' .
Hartford Group
Uncoln National
Ohio Casualty Group
State Farm
Source: Insurance Department
HO
SlHTlI.IE&. GRAPHIC
The law allows. companies to avoid re{unds if they
can convince Gunter thBt the refund would result in
inadequate rates. Gunter said 39 companies sought
$31 million worth of exemptions, I figure he reduced
to $20 million.
Companies are not required to notify policyholders
immediately of the refunds, but McLawhorn said
they must do so when policies come up {or renewal.
From B-1
share of the
Christoph
The Chris
agreed that
ant housin
{or a midsiz
"Everyon
the market
product," h
the pie cut
it's tough
profit."
Mason is
age as a b
condomini
bu1Jding i
The pac
interest ov
of the mo
However
have not
payments
in five miles of here there Ire Some of the same stores were sold
probably 12 grocery stores. Publix, back to Posey in the early 19805.
Winn.Dixie and Florida Choice are and in 1984 he renamed them Pig-
opening stores that are 35,000 to gly Wiggly under an agreement
60,000 square feet - three times with Piggly Wiggly Corp., the
the size of our stores." Memphis, Tenn..based national
Bowman said that several stores franchiser of more than 1,000
entered a market that could not stores, Burhop said.
support them. The Tavares store, NO\\', Posey's stores are back in
for example, opened six years ago, the hands of Malone & Hyde. Ma.
but has never paid (or itselt in lone & Hyde had nnanced Posey's
sales volume, he said. acquisition, but Posey recently
Bowman said Posey had not had fallen behind on his loan pay.
been expecting Malone & Hyde's ments, Burhop said.
foreclosure. He had renovated sev. Malone & Hyde sold one of Po-
era] stores in the past year. Bow. sey's stores,' in Ocoee, to Roger
man said several other stores will Richmond, a fonner executive of
be renovated in the next few Manpov.rer Training Resources, a
months. Tennessee.based training com.
Posey, 61, has had a loftg and pany owned by Malone & Hyde.
circuitous relationship with Ma. Another was sold to Bowman, who
lone & Hyde Inc. In the mid. had been I supervisor under
1970s, Posey left the Kuh 'n Po~y.
Ka.n)' chain a.t\er 25 years to NO "We are primarily a wholesaler,"
his own stores. He entered joint. Burhop said in a telephone inter-
ownership deals to form what view from his Memphis office.
eventually became tbe IS..tore "Occassionally we have been
Fairway supermarket chain. known to operate retail food
Malone & Hyde, which had stores, but our preference is to put
been supplying the stores, bought them into the hands of indepen.
them tram Po~y in 1979 and aJ. . dents and to be the wholesale sup-
lowed him to NO some of them. .plier to those stores."
PIGGL Y
From B-1
stores, said that the chain did not
have the financial resources to es.
. tablish its name effectively in the
Orlando marketplace. Piggly Wig.
g]y's attempts to do as much 'IV,
radio and print advertising as the
competition caused it to over.
spend its marketing budgets, he
said.
.'We spent a great deal of money
trying to establish the Piggly Wig.
g]y name in the Orlando market-
place," Bowman said.
"It was at great cost. 'With Pub-
lix and Winn.Dixie here (or SO
years, it's hard for a new kid on
the block."
Other store managers said that
new stores opened by competitors
ltil1ed Pigg]y Wiggly's sales.
""Three years ago we were boom.
ing; we couldn't Jose," said Timo-
thy L. Davis, I manager of the
. store on Lake Underhill Road in
Orlando.
"Now Orlando is saturated with
crocery stores," Davis said. .'With.
DIS
From B-1
betwe-en n
However,
aware of p
The Team
tween DisnE
which repres
ed abruptly
when Disne'
ready offerei
Parker S8
"move aroUT
unnarked f
but union of
"We told
said. "We sai
issue. "
Members (
spoken of tr
Maintenanc<
by a 7-t.o-l
vote v.-as t.a
RATE
The Federal Reserve estimates that at least $50 biJ.
lion is now in home-equity loans, in which a second
lien is placed on a borrower's house in return for a
consumer loan.
"'The product is relatively new," Fox said of home-
equity loans. ''We've never been in this situation be-
fore. It you have a combination of increasing interest
rates and a ~ssion, that's when people would real.
ly let squeezed. As the economy slows, people could.
even lose their homes."
From B-1
many of which are tied contractually to the prime
rate - will be affected by the banks' policies.
. ."This is taking money out of the pockets of typicaJ
. American families," Fox said.
He also expressed concern that, with 10 many con.
. ...~..... ........, "'-_.";.... __..:_~. .......:. L.___ __..:...
1;"",.. ~....f ...."'........._..... .L_ _,__ __ ___. _II ., _____.&
':_-.._..J9"Iro~_
UPDATES I
D E CIS ION
CUSTOM
619-9"':!-7N~
PREPARED 'FOR COLDWELL BANKER
STATE RD 43.,. AND SHERRY A~E
WINTER SPRINGS, FL
..
.
.
.
ACC1.. 8~~
. CENSUS
N A T
POP
· 8 e ,
ION A L
-FACTS
07/~'3l87
PRO J E C T ION S
S Y S T EMS
R E P 0 R T
SITE . J
CORD. 28..,.19
16::3:::!
81.181
DESCRIPTIat4
~----------------~-----------------------------------------------------
2.l' MILE
RADIUS
~-----------------------------------------------------------------------
PQl:\UL.AT I at..
1~~1 PROJECTION
1986 ESTI~TE
1 ~8'" CENSUS
1976 CENSUS
GROWTH 70-e~
HOUSEHOLDS
19~1 PROJECTION
1986 ESTIMATE
198{\ CENSUS
1971i!l CE,..SUS
GROWTH 70-&0
~ATIOt4 BY RACE I SPANISH ORIGIN
WHITE
. SLACK
AMERICAN INDIAN
ASIA", & MCIFIC ISLAt40ER
. OTHER RACI!S
SPANISH ORIGIPoI (PART OF ABOVE)
OCC~IED UNITS
OW",E R OCCUP I ED
RENTER OCCUPIED
1980 PeRSorolS PeR HOUSEHOLD
VEAR ROLH..D UPHTS AT ADDRESS
SJPoIGLE UNITS
a TO 7 UNITS.
U~+ LHoIITS
MO~ILE HOME OR TRAILER
SI'4GLE/MULTIPLE UNIT RATIO
198'-' HOUSEHOLDS 8Y 1 '37'3 INCOME
.~, "~+
.3~,ee~ TO S~'3,~9'3
.:!~,ee0 TO S34,999
.1~,eo~ TO S24,99'3
. .7,~'0 TO SI4,9'3~
UNDER .7,500
197'3 AVERAGE HOUSE~D INCOME
E7'3 flltEDIAN HOUSEHOLD INCOME
6 ESTIMATED AVERAGE HH INCOME
986 EST Il"'tATED flltEDIAt.. HH INCOME
1. e MILE
RADIUS
3.0 MILE
RADIUS
13,S6a 30,'337 5:!,1t~5
9,e;~~ 2:!,83:: 40,3::9
4,718 .l3,037 :!~,66:!
94 It 3,340 8,:!::1
39'3.9:!" 290.33" 21':. lit"
4,888 11 , 5'36 19,3(,\6
3,346 8,339 14,443
1 , 60.:2 "',61t~ 8,9~.:2
296 I, eb8 :!,6~6
4Itl.4~ 33~. '-'4" 24.:.3~"
4,718 13,"'37 2:;,66::
96.3a" 97.10" 96.(,\7"
1 . ge" 1. :!6" :!.a7"
c.-.36l''' ~.:!9" (II. :!~
e.8e" e.7:;" 6.79"
e.69" e.6('\" (II. 6~,'
3.8a" 3.31" 3.34"
1 , 6(,\.:2 4,6"'~ 8,~.:
87.76" 84.47" 8i.?27"
la.:!4" 1~.~3" 17.73"
2.~ 2.8li!l 2.67
1,770 5,100 '3,639
77. I:!" 70. ~3,' 79."'4"
s.~" 4.98" 5. ~"
e.71)' 1.21" I. lli!l"
16.9~" 23.:?8" 14.1t4"
.l3.el 11.38 1:!.9S
1,6':4 4,717 8,9C,'3
1. e;e." 1 . ~" 2. 3'3"
9.4~" 7.23" 7.54"
2a.68" 18.19" 19. 32~'
3~.1~ :?9.87" 30.91"
24.74" 2?8~" ~~. 54"
11. 38" 1~.3e" 1.,.. 3~~'
.a0,39? S18,706 .19,7~
.19,47'3 .17,aG7 .1!\,:?7~
.33,~73 .30,064 .:)1,367
S33,777 .~9,~6 .J('l,;S~7
.
ACCnt, S:;DSO
. c: E: ,~ Ii 1I t;
- N A T
POP
· e e ,
JON A L
-FAC:TS
PRO J E C T ION S
t; V S T EMS
R E P 0 R T
t
c.
1I P D ATE S &
I) E C J t; ION
C U S TOM
61'3-~~-7~OO
PREPARED FOR COLDwEL.L. 8Af~KER
STATE RD oft34 AND SHERRY A',,'E
WINTER SPRINGS, FL.
SITE ..,
CORDI 26..lt19
07/.2~/a7
16':3':.2
DESCRIPTION
I." MIL.E
RADIUS
------------------------------------------------------------------------
61.181
2.e MIL.E
RADIUS
------------------------------------------------------------------------
3.0 MILE
RADIUS
.
POPULATION 8V SEX
MAl.E
FEMAL.E
POF'UL.ATION BY AGE
UNDER ~ YEARS
!i TO '3 YEARS
l~ TO loft YEARS
J~ TO 1'3 YEARS
e~ TO ~4 YEARS
2~ TO ~'3 VEARS
30 TO 34 YEARS
3S TO oft4 YEARS
4~ TO ~4 YEARS
~ TO S9 YEARS
60 TO 64 YEARS
6~ TO 74 YEARS
7S+ YEARS
4,71~
4'3.36"
~.64"
I
4,71~
e. ~"
'3.20"
9. e4,'
6.71"
6.e9~
'3.s~"
11. .lt4,'
13. 3'-'"
e.~"
4.6'3"
4..lte~
6.56"
1 . 93~
I
t
.
~
:.
MEDIAN AGE
AVERAGE AGE
. ~L.AT I ON BY HOUSEHOLD TYI=-E
FAMIL.Y HOUSEHOL.DS
NON FAMILY HOUSEHOL.DS
GROUP QUARTERS
30.71
3a.G3
4,71~
'33.31"
G.~~"
e.14"
MARITAL. STATUS I='ERSOtIlS 1~+
SH~GL.E
MARRIED
SEPARATED
WIDOWED
3,45.2
1 5. e J "
71.89"
I . ~"
4.~"
DIVORCED
6.79"
HOUSEHOL.OS ey TYPE
SINGLE MALE
SINGL.E FEIltAL.E
MARRIED COUPLE
DTHE R FAM J L. V MAL.E HEAD
OTHER FAMIL.Y - FEMALE HEAD
NON FAM I 1.. V MAL.E HEAD
HOf<l FAfIIIL.Y - FEIltALE HEAD
1 . 60 J
4.48"
7.77"
7~.69"
I. 6~"
7.31"
2. '-'5"
I . es"
.
.
e
13,03~
48.8'3"
~1.11"
13,030
7.63"
&. 37"
8. .It~"
7.11"
6.9&~
9.46"
10.23~
12. 36"
9. 11"
5.'-'7"
~. I~"
7. s.:?,'
e.63,'
3a.23
33.61
13,~30
91. ~"
8. 38"
e.12"
9,845
16.63~
68. 36"
1..lt4"
~.7~
7.88"
4,642
~.48"
9.54"
70.67~
e.'-'7"
8..lt6"
2.47"
1 . 3a~'
25,6S5
4'3.07"
50. 93"
25,655
7.46"
8. 3(,"
8.84"
7. '37"
? I a,<
'3. J 5"
9.'3a"
1 2. '36"
'3.53"
4. 87"
4.65"
6. ~"
~. 6 H'
31.33
33.03
25,655
'3~. I~"
7. 76"
0. 13'<
1'3,3'::7
1 8. 1 H<
G7.6H(
J . ~ ~<
5.46"
7. 32"
8,'319
5. 49~<
B. e uc
71. 4.2~<
~. 202"
B. 4 a~'
~. 3S~'
1 . i?4~'
e?/~~l87
PRO ~ E C T JON S
S Y S T EMS
R E P 0 R T
ACCT". 85856
. CENSUS · 80, UPDATES &
N A T ION A L D E CIS ION
I P 0 F' - F ACT S -. C U S TOM
I 61'3-';4~-7e~
~ ~REPARED FOR COLDWELL BANKER
STATE RD 431t 'AND SHERRY AVE 61 TE .., 16::3~~
~~~:~-~~~~~:~-~:_----------------------------~----~~~~~-~~:~~:_-~~:~~:
I 1.~ MILE 2.e MILE 3.0 MIL~
, DESCRIPTION RADIUS RAOIUS . RADIUS
------------------------~-----------------------------------------------
tHe owP"ER OCCU~IED PR~RTY VALUES
UNDER .:=:~, 000
.a~,00~ TO .3'3,99'3
S40,000 TO .1t'3,'39'3
.S0,0~0 TO .79,99'3
$80,000 TO .99,'3'3'3
.1~0,0~0 TO .11t'3,000
.lSG,~00 TO .199,999
S:!OO,800+
I, 80?
3.6G"
18.8~"
23.43"
44.4&"
5.1~"
2.99"
".71"
8.79"
1980 MEDlAr" F'RO~RTY YALUE
$~3,3e6
PQPUt.ATION 2~+ BY EDUCATION
ELEP'lENTARY (0-6)
. SOME HIGH SCHOOL (1-3)
HIGH SCHOOL GRADUATE (4)
SOME COLLEGE CI-3)
COLLEGE G~ADUATE C4.')
LEVEL
2,8~
6.77"
13.41t"
39.91"
23.2a"
16.651'
.
POPULATIO'" 16+ BY OCCUPATION
EXECUTIVE AND MANAGE~IAi.
PROFESSIONAL SPECIALTY
TECHNICAL S~~RT
SALES
~O"'INISTRATIVE SU~ORT
SERVICE. PRIVATE HOUSEHOLD
SERI"IICE. PROTECTJVE
2,113
16.G7"
llt.ltl"
2.03"
11.7?"/.
18.23"
e. a6~'
2. OS"
SERVICE. OTHER
FARMING FORESTRY & FISHING
PRECISION PRODUCTI~" & CRAFT
MACHINE ~'ERATOR
TRAt..SPORTATIOtol & MATERIAL MOVING
"'AaO~ERS
7.31t"
1.2~
1~.I.It"
4.54"
1.76"
3.74"
HOUSEHOLDS SY NUMBER
NO YEHICLES
1 YEHICLE
2 YEHICLES
3+ VEHICL.ES
OF VEHICL.ES
I, 594
1. 54.\"
3~.'J0"
47.14"
1~.46"/.
.
POPULAT I ON BY TRANSI='DRTAT J or..
. DR J 'IE ALor"E
CA R ~oOOi..
PUBLIC TRANSPORTATION
WALt<ED ONLY
TO WORK
2.H9
77.12"
19.05"
8. 19"
1. 26"
"'... U~ IS .....e ^,,-,~
. r "'."
a,tiS0
6.37"
2.1t.16"
25.79"
36. ~1"
3.97"
2.21"/.
0. ~5,'
e.43"
.4a.oe~
8,e7~
'3. as"
17. 1 '3,'
3'3. 4~"
20.17"
13. 34"
~. e~6
15.01"
la. 70~'
3. 06~'
11..ltl"
16.751'
0. ~s~,
1. 8S~'
9.75"
1.58"
1~.78"
5.6:=:"
2.81"
3.4~"
4,591t
3. 38"
39. 2S~'
41.78"
1~. ~'3"
~.77a
76. 9'3"
18. l'0~'
e. 17"
1.4H'
~,601
6. 8~"
2a. 4~~'
2:=:. ~It~'
3e. .E,~'
5. 97"
:? '*'~,
0. 6S~'
0. 3e,'
$51.377
15,It?El
'3. 11"
15. 1 G~'
40. 04~'
~0.67"
1 S. "" 1 ~,
11 , 604
14. 3~"
I:? 19"
3. S~,'
I a. 7 e "
17. 6:?~'
0. 3(\~'
1. 73"
9. 53~'
1. 2?~'
IS. .7"
4. '3S,'
2. 53"
3. 79"
8,e.7
3. 1t3~'
36. a9,'
43. 1(\"
17.18~'
11,1t4's
75. 9.?~'
18. 3.?,'
0. 3 U'
1.' ItG~'
..... ,""'.,
e7/~S/&7
U P D ATE & & PRO J E C T ION S
D E C J S ION & V S T EMS
-. CUSTOM REPORT
61 '3-94a-7000
. PREPARED FOR COLDWEL.L. 8AP"KER
. STATE RD 4~4 AND SHERRY AVE
WINTER SPRINGS, FL.
ACCT" a 8S&56
. CENSUS
N A T
POP
· 8 e ,
JON A L
-FACTS
SITE ...
CORDa 28.41'3
16::3~i2
81.181
DESCRIPTIO,..
I . 8 M r LE
R~DIUS
--~-~----~-----------~------------------------'--------------------------
3.0 MIL.E
RADIUS
2.8 MIL.E
RADIUS
------------------------------------------------------------------------
~ATION ey TRAVEL. TIME TO WORK
UNDER 5 MINUTES
S TO 9 MINUTES
I" TO 14 MINUTES
IS TO 1'3 MINUTES
20 TO ~~ MINUTES
30 TO 44 MINUTES
4S TO ~ MINUTES
69.. MINUTES
A\.'ERAOC TRA',,'EL. TIME IN MINUTES
I, 991
3.16"
7.54"
15.~"
14.37"
22.'37"
27.88"
5. 3~"
3.16"
23.07
S,472
~. ').It"
8.51"
15.84"
15. 27~'
~3.38"
2~.5\)"
5. a5~'
3.31"
~~.63
-. --- .---. - -----
+fOUSING U'HTSeV VEAR eUIL. T
BUIL.T 1'37S TO MARCH 1'360
8UIL.T 1'375 TO 1'378
. BUIL.T 1'370 TO 1'374
BUIL.T 19&~ TO 196'3
BUIL.T 1'3S0 TO 1'359
. BUIL.T 1940 TO 1'349
BUIL.T 1'339 OR EARL.IER
1,770
16.73"
31.14"
35.01"
11.31"
4.87"
0.11"
0.03"
197'3 A',,'E RAGE FAI'1 I L. Y I '''COME
J.97~ MEDIAN FAMIL.Y INCOME
.al,16'3
S.:0,557
OWP"ER DeC. U'H TS icV 1960 MORTGAGE
MONTHL.Y ~tAY"'ENT UNDER Sloo
MQt<lTHL. Y PAV""E,./T .100 TO .199
MONTHL.V ~tAYMENT .2e0 TO Sa:'39
MOI"THL. Y PAVME,./T .300 TO .399
MONTHLY f=tAYfI'IENT .400 TO .49'3
MOf"THL V PAVME,"T s~G TO .~'39
..o'''THL Y f=oAYME,,,T .6~ TO S749
MOfolTHL.Y PAYME'''T S7~"
1980 A',,'ERAGE MO"'THL. V f=tAYMENT
918
~. OO~,
6.7~"
16. I H'
29.59"
20. 'Jolt"
16.37"
8.49"
1.74"
.406
RENTER UNITS BY 1980 RENT PAYMENT
RENT I=tAYfI'IENT LH..DER Sloo
RENT f='AYME'''T SI N TO .14'3
RENT PAYfWlCNT .150 TO S199
RENT ~YME'''T .200 TO .a4'3
. RENT I=~YfI'I~NT .~50 TO S299
. RE'oIT PAYME,..T .390 TO .349
RENT PAYMENT s350 TO S399
. RE,..T PAYME,..T S400 TO .J,99
RENT PAYMENT .~..
1980 AVERAGE RE'''T PAYME,..T
181
1. 86"
~.54"
1.87"
2.82"
~.31"
8.16"
18.~7"
4a.46"
14.al"
.3'33
~,03a
13.13"
27.90"
36.27"
1~.2~"
6. 16"
I . 00"
~.34"
SI'3,800
.18,686
2,a70
O. OO~,
9. 65~(
20.89"
30.56"
18.33"
13.24"
15. '3&"
I . 38"
.378
680
3.1'3"
ei.93"
S.12"
11.~I"
8. ~7"
13.'35"
14.~"
2~. 54t~,
8.61"
S331
II,e3~
2. 8E1,'
10. 0 U(
15.57"
15.S'"
23. ~5~'
23. 8'3~(
4. '3.9,'
3. 2'~(
2~. lG
--------..----
'3,~35
13. 115~'
~2. 4'3~(
35. ~2~'
17. 64~(
8. 14"
1. 64~'
1. 13~'
.21 , '-'54
$1'3,809
4,Ba2
0. 0S,'
9. 9'~(
19. 74~'
29. e U(
1 '3. 0S,'
12. a 1 ~(
6.41 "
a. 7 4~'
.367
I, ~14
4. 7i?~'
4. 1 8 ~(
7. 1 ~"
14. 1i\~(
16. "'.:~,
16. 3'~(
10.62"
19. ~e~(
7. 7 a"
.31.~
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\0 ARCHITECTURAL .
ALUMINUM
.e[(1I of Wh, j t."I) C:PC/jH,"f,\
. ~ I:l ~-tJ
.CITY 1:.i~il.~8:!1
February 22, 1989
City of Winter Springs
1126 E. State Road 434
Win~er Springs, Florida 32708
Re: 50 acre Winter Springs Commerce Center
Winter Springs, Florida
Dear Richard Rozansky:
We are convinced that we have an ideal site for your super park.
Please consider these advar.tages:
1. All high and dry - mean elevation of 531 0".
-
2. 2/3 of land cleared - raady for ball diamonds, tennis courts,
etc.
3. Approximately 20,000 cubic yards of clay above average grade-
elevation on site (valu~: $80,000 delivered)
4. Heavily wooded 10 acre area with 500' frentage on Beat Laka-
ideal for picnic area, playground in shade, P.tc.
5. rroposedstreet. 2.700' itl length could run\~llruugh from
Shepard Road to Florida Avenue.
The following parcels arp. available:
A. Approximately 46 acres @ $3.220,000.00
B. Approximately 47 acres @ $3.370,000.00
C. All, approximal~ly 50 acres @ $4.000,OOu.00
Terms: 20% down; balance payable @ 10% interest over 20 Years,
owner to hold morteage.
.
1006 SHEPARD R04D
WINTER SPRINGS. FLORID4 32708-2018
407-699-1755 .
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