11.27.2019 | Firm News
Burr’s Orlando Real Estate Team Involved in Deal to Redevelop Historic Fort Pitt Property
Burr’s Orlando real estate team, led by Partner Keith Waters was recently involved in a deal representing Adam Wonus — owner of Lake Mary-based Atrium Management Co. with co-developer Luke Wickham — senior vice president in Orlando’s CBRE Inc. (NYSE: CBRE) office— to open the renovated Fort Pitt property at 5565 Old Cheney Highway in Orlando in early 2020. The site, built originally in 1923 as a general store, will soon house a new Latin restaurant dubbed Chinchorro 75.
In addition, the developers plan to build 10 townhomes next to the renovated space and invest roughly $3 million into the project. “It’s an area nobody’s talking about,” Wickham said. “This neighborhood’s going to pop.”
Currently, Orlando vegan food truck V’s Diner operates at the Fort Pitt site in the back patio. That area behind Fort Pitt is expected to become more active in the coming months, hosting outdoor movies, food truck events and more.
The area itself is experiencing other development as well – across the street, Orlando-based Red Bell Partners LLC plans to build about a dozen townhomes and developer Mark Kinchla is also working on several residential projects nearby.
Wickham said he’d noticed the neighborhood changing in recent years with more investment in new homes — and he saw opportunity in the lack of retail for the neighborhood.
Wickham and Wonus’s 5565 Old Cheney LLC acquired the roughly 1.1-acre property for $610,000 in February. The property was originally built in 1923 by Sam Turrisi, a World War I veteran, who named it after his hometown, Pittsburgh. The former general store and laundromat served travelers along Cheney Highway, a brick road that stretched to Florida’s east coast.
More media coverage about the project:
Bungalower – Fort Pitt in East Orlando Getting New Chance at Life
Orlando Business Journal – Nearly 100-year-old Orlando building to transform in neighborhood that’s ‘going to pop’