The 429 @ Crown Point development project will bring more than 100,000 square feet of Class-A office space to the city.
A new development along East Crown Point Road in Ocoee will bring more than 100,000 square feet of class-A office space to the city.
The 429 @ Crown Point project will be located at 429 E. Crown Point Road and 529 E. Crown Point Road west of State Road 429. The project could develop in one large building or two separate buildings depending on the tenants, and is expected to open early 2020, said Sharon Williams, of Exchange Place Inc., the leasing agency of the development.
“We have two buildings planned right now,” Williams said. “The current plan totals 110,000 square feet (combined for both buildings).”
The project would be large enough to accommodate as many as 54 individual businesses and could bring hundreds of jobs to the city. Williams said although the development will be large enough to accommodate multiple businesses, one interested party that Williams described as an international technology company is looking to rent most of the space. If that deal moves forward, the project could develop as one large office building.
“We are in talks right now with a single user — a large corporation that’s publicly traded — that would be moving into Ocoee,” Williams said, although she declined to name the company. “We’re in the middle of the request for (the) proposal process. To the best of our knowledge, we are the only site they are looking at. For now, it’s just a matter of coming down to terms.”
Williams added that the technology company could bring more than 240 jobs to the city. She also said even if that company does not move forward, the project has generated interests from other businesses.
Gary Boyer is the owner and developer of the 429 @ Crown Point Project. He chose to build this development in Ocoee because he was looking to build an office for his business, Boyer Building Corporation, which is currently located in Orlando. The office will take up about 6,000 square feet of the development.
In addition to wanting office space for his business, Boyer said the close proximity to major roads, as well as the city’s recent economic growth, also attracted him to the area.
“I had looked … for a couple of years for a building to buy and could not find any class-A professional office space, which is what we currently have and needed,” Boyer said. “I started looking toward the west (side of Orange County) and started looking around Ocoee and Winter Garden, and I saw a lot of exciting things happening. … This area, West Orange County, is just as hot as it’s ever been, and it’s full of growth.”