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ORLANDO-Bonita Springs-based Pelican Bay Development plans to begin construction in September on a 133,000-sf mixed-use development in Windermere Business Center at 4629 Conroy Rd.

The four-story development will include 91 class A office condominiums with a total of 100,000 sf and 19 retail and restaurant condominiums with 27,000 sf. The project is expected to open by the end of next year, says Pelican Bay Development president and CEO James Nashman.

Presales of the units have started with the office condominiums priced from $320 per sf and the retail units from $360 per sf. Fifty percent of the units have already been sold.

One attribute of the project is its location at the northeast corner of Conroy-Windermere Road and Turkey Lake Road in southwest Orlando. The development will be located just north of Universal Studios on the main arterial to the Millenium Mall with traffic counts of more than 50,000 cars per day. It is also located near the high-end communities of Bay Hill, Windermere and Isleworth. “The location is a connection corridor between high-end residential units and the Millenium Mall,” Michael Young, of Pelican Bay Development, tells GlobeSt.com.

In the retail space, Pelican Bay hopes to attract a high-end night-time restaurant, a lunch-time restaurant and other businesses that will cater to the residents in the area. The office space will attract a wide variety of businesses, such as insurance agencies and medical and dental offices, Young says.

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