A Dairy Queen and a long-planned apartment complex at Terra Bella are under construction on State Road 54 in Land O’ Lakes, between Livingston Road and Via Bella Boulevard.
The fast-food restaurant is expected to open in two to three months, possibly by the Fourth of July weekend, according to Keith Bennett, owner of Retail Site Development.
The Dairy Queen location is one of several outparcels adjacent to Terra Bella that are available for commercial development. These smaller commercial projects are benefiting from proximity to shopping malls such as The Grove in Wesley Chapel, The Shops at Wiregrass and the soon-to-open Tampa Premium Outlets, Bennett said.
“Between those three projects…you’re getting outward growth,” he said. “It’s natural for commercial development like this, with interested companies like Dairy Queen.”
The fast-food restaurant will seat about 75 people and have a drive-through window. Bennett owns additional commercial parcels adjacent to the Dairy Queen site.
Once that project is complete, he said, “We’ll look to see what we choose to do with the balance.”
Southeast Commercial also is marketing commercial outparcels fronting State Road 54 at Terra Bella.
Behind the Dairy Queen site, along Venezia Avenue, construction also is under way on Alta Terra Bella, an apartment complex of 311 garden apartments in 14 three-story buildings.
The North Carolina-based Wood Partners is building the complex as the final residential phase of Terra Bella, a community of more than 250 single-family homes.
A groundbreaking was held late in 2014. Construction is expected to finish by May 2016, but leasing could begin as early as September of this year, according to a press release from Wood Partners.
The project is projected to generate $24.5 million in local income, $2.5 million in taxes and other revenues for local governments, and nearly 380 jobs. The data provided by Wood Partners in its press release is based on a formula used by the National Association of Home Builders.
Published May 13,2015