New retail is headed to State Road 54 in Land O’ Lakes, as Dunphy Properties prepares to start construction on the first shops at Ballantrae Village.
A groundbreaking is expected in January for a Circle K, a Dairy Queen, a Dunkin’ Donuts and a Taco Bell on outparcels on the northeast corner of State Road 54 and Ballantrae Boulevard, according to a news release from Dunphy Properties.
An additional four parcels are on the market, and a 13,200-square-foot building also is planned. Tenants have not been signed as yet.
New access is planned to get into and out of the shopping plaza.
Plans for retail at the master-planned community of Ballantrae Village has been slow in developing largely due to the economic downturn in 2007 and a slow recovery. But growth is gathering steam, especially along State Road 54.
“Retail development follows residential growth,” Jim Dunphy said in an email to The Laker/Lutz News. “The economy has picked up enough that we’re seeing explosive residential growth in the (State Road) 54 corridor. In addition, the long awaited widening of (State Road) 54 is underway further fueling interest in the area.”
Dunphy Properties is developing the commercial plaza on about 17 acres owned by the Aprile brothers. The plaza will be on the north side of State Road 54 and east of Ballantrae Boulevard.
The Circle K will be on the west end of the site, with Dairy Queen on the east end.
Bexley Ranch property is under construction to the north of Ballantrae Village.
According to the Ballantrae website, the community has more than 960 homes and more than 3,000 residents.
“Ballantine Village Shoppes is in the center of the growth,” Dunphy states in his email. “Many of the existing residents have done without retail, restaurant and service amenities for a long time. We are now positioned, with the additional residents and promised growth, to provide these shops and services. We are excited to be bringing this project together.”
Published October 28, 2015