Big-Box Developers Fight for Market Share

ORLANDO-Big-box power retailers are fighting for market share in affluent, high-growth communities in the metro region, according to a new market survey by the Orlando office of Trammell Crow Co.

Wal-Mart, Lowe’s, Linens ‘n Things and Bed, Bath and Beyond already have established positions in the path of the State Road 417 extension in the Sanford, FL area, while PetCo, Marshalls, Pier One and Off-Broadway Shoes have opened outlets in Millennia II near Conroy Road in south Orlando.

“Further south, several power centers under development in the south Orlando-Kissimmee area are competing for new tenants and retailers are making the most of it,” says John M. Crossman, a TCC senior vice president and director of investments sales for the Orlando area. “Major new retailers at the (1.3-million-sf) Mall of Millennia such as Neiman Marcus, Chanel, Bloomingdale’s, Tiffany & Co., Macy’s and Crate & Barrel have firmly positioned Orlando as a fashion retail market.”