Land is getting pretty expensive along State Road 56, which is exactly what the owner of the Buffalo Wild Wings chain found out late last month.
AMC Wesley Chapel Real Estate Inc., a company affiliated with Buffalo Wild Wings owner Diversified Restaurant Holdings Inc., purchased a little more than 2.5 acres of land along State Road 56 just east of Cypress Ridge Boulevard for $2.3 million. That’s a price just north of $903,000 an acre.
The developer has plans to put that land to good use, however. AMC is seeking final approval to build a 6,400-square-foot restaurant on the site, with an 800-foot patio, with direct access to State Road 56. The Buffalo Wild Wings got initial approval from the Pasco County Planning Commission earlier this month, and will seek to get the same from the full Pasco County Commission in January.
This would become the second Buffalo Wild Wings in Pasco County after the State Road 54 location in New Port Richey. Other locations are in Ybor City and Tampa’s Westchase area, according to the restaurant’s website.
The chain, informally known as B-Dubs, first opened in Columbus, Ohio, in 1982, and now has locations in every state in the country. This particular restaurant will be located at 26725 State Road 56 in Wesley Chapel, next to the Gate gas station on Cypress Ridge Boulevard.
The cost of the land is well above the $542,000 an acre Walmart paid to buy its site at 27621 State Road 56 in July 2009, and even higher than the $697,000 Gate Petroleum paid per acre for the land next door in August 2012. Yet, it’s still not the most expensive land buy — the owners of the PDQ restaurant location at 27757 State Road 56 paid $1.4 million for a single acre of land close to Bruce B. Downs Boulevard in January 2012.
Developers have not said when construction will begin, or when the restaurant would open.