Lowe's Plans 173,000-SF Mount Dora Store

MOUNT DORA, FL-Meeting another new challenge from Atlanta-based competitor Home Depot Inc., Lowes Cos. of Wilkesboro, NC plans to break ground in June on a 173,000-sf, $12-million retail store off US 441 and County Road 44-B here in Lake County.

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.