Nyse: bbx

BBX Capital Real Estate

Gardens on Millenia

Gardens on Millenia consists of 47 acres of land located near the Mall at Millenia in a commercial center of Orlando. The master plan for Gardens on Millenia includes approximately 300,000 square feet of total retail space and two one-acre outparcels. BBX Capital Real Estate entered into a joint venture agreement with Stiles Corporation to develop an approximately 141,100 square foot retail center which includes a Hobby Lobby and Academy Sports as anchors along with 23,200 square feet of inline retail space. BBX Capital Real Estate also sold 15.46 acres of land to Costco Wholesale Corporation in which Costco opened an approximate 152,000 square foot store and gas station adjacent to the retail center. Other retailers and restaurants in the center include Mattress One, Navy Federal Credit Union, Paris Nails, Tijuana Flats, Five Guys, Culver’s, Meson Sandwiches, and Huey Magoo’s.

BBX Capital Real Estate also entered into a joint venture with ContraVest to develop The Addison on Millenia which consists of ten buildings with a total of 292 apartment homes. Located on an approximate 11.5 acre parcel, the community features a mix of studio, one, two, and three bedroom apartment homes ranging from 592 to 1,413 square feet.