McDonald’s is preparing to build next to the Starbucks Coffee Co. under construction in Tamaya at northeast Atlantic and Kernan boulevards.
The city is reviewing civil engineering plans and a permit application for McDonald’s to build a 3,473-square-foot restaurant and drive-thru on a 0.79-acre site at 12635 Beach Blvd.
Southland Construction Inc. of Apopka is the contractor for the estimated $1.5 million project.
Chicago-based McDonald’s USA LLC is the developer. Integrity Engineering & Development Services Inc. of Dacula, Georgia, is the civil engineer.
Criterion Ladera LLC of Dallas is the property owner.
The property is next to the 1-acre site where Starbucks is under construction.
As of June 4, the city has issued eight permits at a total project cost of $2.48 million for the 2,700-square-foot Starbucks shop at 12645 Beach Blvd.
Venture Construction Co. of Tampa is the contractor for the shell building, canopy, dumpster enclosure and, permitted June 4, the $475,000 build-out of the interior.
Previous permits also included plumbing, electrical and mechanical systems.
Seattle-based Starbucks is building the shop on an acre.
Criterion Ladera LLC, led by Ladera Jax LLC of Dallas, is the property owner.
On March 27, 2024, Dallas-based investment partnership Criterion Ladera bought a 1.8-acre site for $1.5 million.
The Criterion Fund real estate investment company, based in Oklahoma, says on its website that it and Ladera Properties, based in Dallas-Fort Worth, bought the land to develop a 2,827-square-foot Starbucks.
TheCriterionFund.com site says the partnership plans to sell a 0.79-acre parcel of the site and has it under contract for sale. That is the McDonald’s site.
Criterion Fund said the property will have cross-access to the adjacent Tamaya Market shopping center and will be next to a 24/7 hospital in development by Nutex Health Inc.
Tamaya Market is anchored by Sprouts Farmers Market and includes the Shipley Do-Nuts shop.
The Criterion Fund says it is a real estate investment company focused on investing in cash-flowing shopping centers and best-in-class single-tenant and strip center developments nationwide.
The Criterion Ladera partnership bought the land from BBKR Development Partners, which paid $4.85 million in August 2022 for the 8.42-acre vacant corner from Tamaya Loan Acquisition Inc.
Property records show that on July 24, 2024, BBKR Development Partners LLC sold 5.31 acres of the site to 4TP Jax Micro II LLC for $4.853 million for development of the Nutex Health Hospital.