A 215,000-square-foot shopping center is filling a major void in a small Central Florida town by bringing new retail options and establishing a community anchor.
Poinciana Lakes Plaza in Poinciana, southwest of Orlando, brought new retailers and outlets to local residents who had been seeking new shopping destinations. The center has earned a 2025 CoStar Impact Award for commercial development of the year for Orlando, as judged by real estate professionals familiar with the market.
The center's first phase, which totals 125,000 square feet of space, opened in April 2024 with a tenant roster featuring TJ Maxx, ULTA, Five Below, Burlington, Petco, America’s Best, Rack Room Shoes and Crunch Fitness.
The second phase, which is opening in stages, is anchored by Sprouts and Ross Dress for Less. In addition, buildings on six of the property's parcels house First Watch, Outback Steakhouse, Bojangles and other tenants.
Trade Consulting International, or TCII, teamed up with its leasing arm TCII Capital Group and development arm EG 3 Development to acquire land for, lease and build the shopping center. MEC General Contractors also worked on the project. The team overcame escalating construction costs, rising interest rates and higher capitalization rates that have hampered construction projects across the country.
About the project: Poinciana Lakes Plaza spans 34 acres. Before it was built, residents of Poinciana had to drive nearly 12 miles, sometimes through heavy traffic, to find suitable shopping options.
What the judges said: Judges praised the developer for filling a neighborhood void despite economic uncertainty. “Development over the last two years has been challenging so to accomplish this project in the middle of interest rate movements and price increases is impactful,” said Trey Vick, CEO of V 3 Capital Group.
“This developer has done an excellent job attracting anchor, local, service and restaurant tenants to the site,” said Janet Galvin, co-founder of Archon Commercial Advisors.
They made it happen: John Strzalka, Jason Glaser, Marc Lewin, Becky Wright and Spencer Enslein, all of TCII Capital Group.