iSquare Mall + Hotel’s first retail tenant revealed
The future $400 million iSquare Mall + Hotel on Orlando’s International Drive is expected to draw a lot of upscale, international tenants — but a very familiar retailer already secured a spot in the project. Winter Park-based local Subway restaurants franchisee DiPasqua EnterprisesInc. confirmed it will close its existing store when the International Shoppes strip mall on the corner of Kirkman Road and I-Drive is demolished, and will take up residence in a newly built space once iSquare’s four-story mall and dual-tower hotel debuts sometime in 2017. “We already have a signed lease to be part of the retail level of the new project,” DiPasqua Enterprises Restaurant Development Specialist Paul VanOrden toldOrlando Business Journal. “This will be a very exciting location for DiPasqua Enterprises.”
DiPasqua Enterprises is one of Central Florida’s top privately-held companies, as well as one of the region’s top employers, based on OBJ research. DiPasqua’s existing lease at the International Shoppes includes a provision that says it will be part of any future development if its current space is torn down and rebuilt, VanOrden told OBJ. Meanwhile, the mall portion of the iSquare mixed-use project is expected tofeature about 225,410 square feet of gross leasable space, according to plans submitted to the city of Orlando earlier this year. No other mall tenants have been announced.