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Kissimmee picks Capstrada and Hedrick Brothers to redevelop former Kmart site, authorizes demolition
Summary
The Kissimmee Community Redevelopment Agency on Oct. 7 authorized staff to negotiate a master development agreement with Vine Street Redevelopment LLC, a team led by Capstrada and Hedrick Brothers, to redevelop the former Kmart site on W. Vine Street.
The Kissimmee Community Redevelopment Agency on Oct. 7 authorized staff to negotiate a master development agreement with Vine Street Redevelopment LLC, a team led by Capstrada and Hendrick Brothers, to redevelop the former Kmart site on W. Vine Street.
Staff said the selected proposal would deliver a mixed-use project that includes about 630 residential units, more than 51,000 square feet of retail and commercial space, a roughly 73,400-square-foot indoor sports facility as an anchor, and a $15 million property acquisition option. Samaya Singleton, CRA manager, said the plan seeks to break the large, 20–25 acre big-box sites into walkable city blocks to increase connectivity and disperse traffic.
Burke Hedrick of Hedrick Brothers told commissioners the residential mix would include one-, two- and three-bedroom units (about 40% one-bed, 50% two-bed and 10% three-bed), delivered over two phases (about 315 units each). He said buildings were anticipated to be up to five stories; more detailed unit mixes, affordable housing set-asides and final heights will be negotiated in the developers agreement.
The CRA selection followed a public RFQ process that closed July 22, 2025. Staff said the selection committee reviewed proposals and presentations and recommended the Vine Street team as the top candidate. The CRA vote to authorize negotiations was unanimous.
Separately, commissioners approved a piggyback demolition contract using the City of Orlando’s master agreement with Cross Construction Services to remove the former Big Lots and Kmart buildings at 2211 W. Vine St. The base scope includes demolition, temporary fencing and debris removal; optional work (concrete slab removal, importing fill, asbestos survey) would increase the scope. Staff estimated the total project cost with options at up to $561,000.
Next steps include a CRA workshop with Vine Street Redevelopment LLC to review project plans, scope, proposed funding sources and timeline. Staff will return with a negotiated development agreement for formal approval.
"This proposal meets the CRA’s goals for revitalizing the Vine Street corridor by creating an urban-scale layout and supporting mixed uses," Singleton said.
