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Kissimmee selects Capstrada–Hedrick team for Vine Street redevelopment, approves demolition contract
Summary
The Kissimmee CRA and commission unanimously approved Vine Street Redevelopment LLC (Capstrada and Hedrick Brothers) as master developer for the former Kmart site, a project that proposes 630 residential units, retail and an indoor sports anchor; the commission also approved a demolition contract with Cross Construction to clear the site.
The Kissimmee City Commission on Oct. 7 approved the selection of Capstrada and Hedrick Brothers Development, operating as Vine Street Redevelopment LLC, as the master developer for the former Kmart and surrounding Vine Street corridor and authorized staff to negotiate a master development agreement.
David Rodriguez, the city’s economic development director, told commissioners the team was recommended after a public RFQ process that closed July 22 and that the selection committee favored the proposal for creating a walkable, mixed-use urban fabric. Samaya Singleton, the city’s CRA manager, highlighted key proposal elements including 630 new residential units, roughly 51,000 square feet of retail and commercial space, a proposed 73,400-square-foot indoor sports facility as an anchor, and a $15 million property purchase option.
Burke Hedrick of Hedrick Brothers Development, representing the development team, described the planned housing mix as “about 40% one bedrooms, 50% two bedrooms and 10% three bedrooms” across two 315-unit phases and said building heights would vary up to five stories. He told the commission the residential component will be a mixture of market-rate, workforce and affordable units and that final unit types and affordability levels will be negotiated in the development agreement.
To prepare the site, staff proposed using the city of Orlando’s cooperative contract with Cross Construction Services for demolition work and related options such as slab removal and an asbestos survey. The heavy-option cost shown in the agenda packet was $561,000. Commissioners approved the demolition contract at the meeting.
Commissioners asked for details the development agreement must spell out—affordability levels, final unit count and composition, traffic and connectivity measures, and specifics on the sports-venue operator—before returning the deal to the board for final approval. Rodriguez said staff will schedule a CRA workshop with Vine Street Redevelopment LLC to present project plans, scope, funding sources and to answer questions before any final development agreement is executed.
The commission’s vote authorizes negotiation only; any development agreement, funding commitments or land sale would return to the board for approval.
