Home Depot is scheduled to open its newest Central Florida location this month, just outside Apopka, FL which is 20 miles south of Lowe's location and 17 miles north of Downtown Orlando.
The Lowe's site is near a new residential development surge that is expected to total 3,000 townhomes and single-family residences in Mount Dora, east Lake County and Tangerine, FL, Mount Dora city planners confirm for GlobeSt.com. National retailers such as McDonald's, Wendy's, Winn-Dixie Inc., Publix Stores Inc. and CVS Pharmacy are already positioned at the intersection.
The new Lowe's location will complement the company's existing stores in Leesburg and Lady Lake. Home Depot has locations in Leesburg which is in northwest Lake County and Clermont in south Lake County.
Lowe's new store-opening plan follows its construction last summer of a 1.2-million-sf, $60-million distribution center on a 150-acre site near the Poinciana Industrial Park in Poinciana, FL, 20 miles south of Walt Disney World in Osceola County, as GlobeSt.com previously reported.
The distribution center is the second largest of its kind in Central Florida, next to the 1.5-million-sf center occupied by Kmart and built by Orlando developer Robert Mantovani in Ocala, FL, Marion County, 12 years ago.
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