Ustler and Garcia couldn't be reached at GlobeSt.com's publication deadline for construction cost estimates. But area industry estimators tell GlobeSt.com the three retail projects will probably be built for about $100 per sf or a total $850,000. That would give the 3,600-sf Hue restaurant an estimated construction value of $360,000; the 1,100-sf Thornton Park Diner, $110,000; and Central City Market, the 3,800 butcher shop and wine loft, $380,000.

Owners of the Downtown Ichiban Japanese Restaurant owners are negotiating with Ustler to open Roll Sushi Lounge at Thornton Park Central later this year.

Garcia was Central Florida's largest Burger King franchisee with 57 outlets before he sold the chain five years ago. Garcia and his partners, Tony Pace and Hal Valdes, through Culinary Concepts Inc., operate Harvey's Bistro and Manuel's on the 28th, both at the Downtown, 28-story Bank of America building; four Pebbles Restaurants; and Chef Creations.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.