Park Square adds 110-room hotel pad and fitness center to UCF-area retail site
Park Square Enterprises will announce a national fitness center anchor tenant this week that has been the catalyst for a complete re-envisioning of its plans for Park Square Plaza near UCF. When Park Square Homes CEO Suresh Gupta purchased the 12.5-acre site on the 12000 block East Colonial Dr . in 2016, he planned to develop retail along the highway frontage and pursue rezoning for multifamily use. The college campus has attracted several multifamily developments recently, including the Core Spaces student housing development and a second complex by Catalyst Development Partners that will mirror its popular EOS Apartments . Park Square had initially planned to seek rezoning for a 250- unit apartment complex . Ali Mushtaq, senior adviser for SVN, told GrowthSpotter on Monday the developers were approached by a national gym tenant with a strong interest in locating there. The Guptas scrapped the apartments and filed a new retail- focused site plan last week with the St. ...