Porter/Raymond James Financial Finally Given Permit To Begin Construction

JD Porter says big things are coming.
JD Porter says big things are coming.
J.D. Porter says big things are coming to Wiregrass Ranch, including Raymond James.

Following almost five years of discussions and anticipation — mixed in with a nice-sized helping of doubt — the long-talked-about Raymond James Financial campus is one huge step closer to becoming a reality at the corner of S.R. 56 and Mansfield Blvd.

Wiregrass Ranch developer JD Porter finally received the news two weeks ago that he has been waiting more than two years for, as the U.S. Army Corps of Engineers has proffered an environmental permit for the 65 acres of property just east of the Shops at Wiregrass mall.

“We were all thrilled, everyone in the family,’’ said Porter, the owner and operator of Wiregrass Ranch Inc. “We worked very, very closely with the Army engineers, and it is nice to finally reach a resolution.”

Porter joked in April at a Wesley Chapel Chamber of Commerce (WCCC) Economic Development meeting that he was tired of hearing about the delays involving Raymond James, but insisted (as he has many times in the past) that the facility was still imminent. He predicted then he would have the Army Corps permit in a few weeks, and though it took just a little bit longer he is now ready to proceed.

“Right now, we have all the permits in hand to proceed forward,’’ Porter said.

The St. Petersburg-based financial services company has been working for several years on the process with the Porter family and, in early 2011, agreed to purchase the land at an undisclosed price, provided the permitting could be completed.

The deal was approved by the Pasco County Board of County Commissioners (BOCC) later that year. In exchange for $15-million in incentives and tax breaks, the county would reap the benefits of what would eventually be planned as six four-story buildings totaling roughly 1-million-sq.-ft., and housing 750 employees by 2024, which will inject millions into the county tax rolls.

jdporterAlthough the Raymond James campus was originally scheduled to begin building in 2012, with the first 100 employees arriving by 2014, the project stalled.

In 2014, a few months after another financial firm, T. Rowe Price, jettisoned its plans to build on 72 acres near the Suncoast Pkwy., Raymond James postponed its project. But, the financial services giant did say it still had plans for the property.

Now, there is renewed optimism that Raymond James will make the impact promised years ago.

“I’m glad that’s over and done with,’’ said District 2 commissioner Mike Moore. “The economic impact will be huge for Pasco County as a whole. There will be nothing bigger in the county.”

Moore said Raymond James will become the largest non-governmental employer in Pasco. “And, anytime you bring in a large employer like that, things start to happen around it,’’ he says.

Bill Cronin, the new president and CEO of the Pasco Economic Development Council (EDC), said when he started in January, one of his first meetings was with Raymond James, citing the importance of getting the company here.

“The investment by Raymond James will be one that, when other companies look to grow here, they will see that someone else has blazed that trail for them,’’ Cronin said. “It will make my job a little easier, to show people there are others that have made this positive decision.”

He added, “Success begets success.”

The next step for Porter will be to re-negotiate the development agreement and adjust some of the original timelines with the BOCC, which will likely take place in the next month or so.

“That triggers the closing,’’ Porter said.

Porter thinks the addition of the financial facility is a major piece of what he hopes the Wiregrass Ranch area will become, as it should drive up home sales and makes the area more attractive to other businesses.

“I think whether we’re talking Raymond James, or the mall or Florida Hospital Wesley Chapel, the state college, you are looking at the kinds of things that define cities and define regions,’’ Porter says. “We’re lucky to land four of them in a short time, when some communities don’t have this after 30 or 40 years.”

Wiregrass Ranch Prepped For Major Projects

Wiregrass Ranch Map
(Map by Blake Beatty)

West Palm Beach-based commercial developer John Dowd played a pivotal role in the development of the Wesley Chapel and Wiregrass Ranch area near S.R. 56 when, with the stalwart help of JCPenney as the lead anchor, he helped spearhead the birth of The Shops at Wiregrass mall.

Dowd admitted that it wasn’t easy. Right before the mall finished, the economy started to slow. Had it been six months later, Dowd doesn’t think the mall would have ever been built. “We had tenants come to us who had literally just signed leases and wanted out,’’ he said. “Everybody was so afraid of what was going to happen to the world.”

But, thankfully, the world did survive. And, so did the mall.

Wiregrass Ranch DRI
John Dowd shows a map of the Wiregrass Ranch DRI and where some of the planned construction will take place.

Dowd is back in the area, and is again teaming up with local landowner/developer JD Porter to help give the Wiregrass Ranch Development of Regional Impact (DRI) another economic shot in the arm.
At the Wesley Chapel Economic Development meeting at Mulligans (inside New Tampa’s Pebble Creek Golf Club) on April 28, Dowd and Porter regaled a crowd of more than 100 local business leaders with tales from the past, but mostly of a future they see as bright and bustling.

The Wiregrass mall, which Dowd said didn’t have the start everyone had hoped when it opened in 2008, is now enjoying the kind of success that was expected. That is triggering further development in the area, as the Porter family carefully and judiciously parcels out its land to businesses and developers who fit into their long-range plans.

Dowd said he was attracted to working with the Porter family because of the family’s deliberate style. Unlike many landowners, JD Porter said he is no rush to sell to the highest bidder and turn an instant profit. Instead, the Wiregrass Ranch DRI continues to only greenlight projects the Porter feel add value to the entire area.

Wiregrass Ranch Set To Expand

Here’s some of those plans Porter and Dowd shared at the Economic Development meeting:

1. On S.R. 54, just down the road from Walmart, the first project between Dowd and Porter will be a 12,600-sq.-ft. strip center, with two nicely designed buildings. Two restaurants are already signed up, with two more close to coming aboard as well. The project will feature a typical mix, including a cell phone store, nail and hair salons, restaurants and “good neighborhood use” businesses.

“We already have more interested tenants than we have space for,’’ Dowd said.

2. On S.R. 56, east of the Wiregrass Mall expansion (which will include restaurants, a movie theater and a grocery store), Porter and Dowd are doing is having site work done at another shopping center, to be called Wiregrass Commons at 56, which will include a “green” or specialty grocery store.

Nothing has been signed yet, Dowd said, and “we’re not doing any of the small stuff until we get an anchor signed up. Once that happens, that will be a 50,000-60,000-sq.-ft. project in total and a nice addition to the area.

3. Porter also said a hotel would be finalizing a deal within 30 days, and that is expected to also immediately east of the Wiregrass Commons at 56 project. He did not say which hotel, but we have heard rumors it will be a Marriott Fairfield Inn.

4. Even further east on S.R. 56, the long-awaited Raymond James Financial campus is close to officially announcing its arrival.

No, seriously.

JD Porter says big things are coming.
JD Porter (left) says big things are coming to Wiregrass Ranch, including Raymond James.

Porter joked that he was sick and tired of talking about the long-rumored project, which some had begun to doubt. But doubt no more.

“We got good news (April 27) and I truly believe within the next 2-3 weeks we’ll have a permit,’’ Porter said. “Having that permit triggers the closing. Having that closing means the other two or three office users, which we are we are talking to right now — anywhere from 600,000 square feet to another 1.2-million-sq.-ft., Fortune 50 companies — they close, and I would suspect we’re going to see movement within the next 4-6 months after that.”

Porter said Raymond James will add between 4,000-6,000 jobs, and that you can double that total to 8,000-12,000 jobs with the other unnamed businesses set to follow.

That will also begin to create some of the day traffic that Dowd says is necessary if the area is going to attract more quality restaurants, as well.

5. Porter said they will be closing on an assisted living facility, “in the next 45-60 days”. Porter didn’t disclose any other information, but the facility will be called Beach House at Wiregrass Ranch Assisted Living & Memory Care, which is owned by the Prevarian Companies.

The facility will be multiple stories when completed next to North Tampa Behavorial Health, which also is expanding and will be adding 48 rooms by the end of the year.

6. As part of trying to force vertical integration into the development plan, Porter said that in 30-45 days construction also should begin on a condo project, called Altis at Wiregrass, which will be located directly north of Wiregrass Commons at 56.

“If I would’ve said condos in Pasco County 3-4 years ago, you probably would have told me to get the hell out of here,’’ Porter said. “Well, it happened.”

Porter hinted at four-story structures, with rooftop pools and verandas. “Something typical of Hyde Park and South Tampa,’’ he said. “But not typical Pasco County.”

The condos, which according to site plans will include 394 multi-family dwellings in 15 separate buildings, are part of Porter’s plan to build new and different projects in the area. “If you wanna play in the sandbox, you have to step it up,’’ he said. “We are very fortunate to be in the right area. If people want to be here, bring something new to the table.”

Just The Beginning Of New Phase For Wiregrass Ranch

Porter promised other major announcements concerning major retailers still to come. But for now, he is pleased with the area’s progress, citing the proximity of an expanding hospital, a state college with room to grow into a full-fledged university and more retail in the area. He also expects an increase in new homes as well, and once the residential areas mature a mixed-use town center can be developed.

DonPorterWEB
Members of the Wesley Chapel Chamber of Commerce Board, including past President Jeff Novotny (holding plaque) were honored to present the plaque that will adorn the boardroom at the WCCC office in The Grove named for the late Don Porter to Don’s son JD and daughter Quinn (center), during the Chamber’s Economic Development briefing at which JD and commercial developer John Dowd spoke about Wiregrass Ranch.

Porter also said his family is rethinking its commitment of donating 120-acres to the county to build a park in the area. A tennis center fell through more than a decade ago, as did a proposed baseball complex on the site last year. In November the county announced it would be seeking partners in a public-private relationship to build an indoor facility on land that also would include outdoor fields.

But Porter, frustrated with the county’s inability to move forward on donated land, says he may take back some of it back by the end of the year and build the park privately, as part of his long-range plan to provide the area with “synergy”.

“We are looking to create something we can be proud of out here not just tomorrow, but 10-50 years down the road,’’ he said.

Look for more updates on this area at WCNeighborhoodNews.com.

Better days ahead for Wiregrass Ranch football team

AlquonneBrownWEB
Alquonne Brown hands off to fellow sophomore Jacob Hill at a recent Wiregrass Ranch football practice.

One starting running back went down for the season with an injury during the summer, while the other scored three touchdowns against Wesley Chapel and got hurt the next week. Then, the quarterback, two offensive lineman, two defensive ends, one wide receiver, and a linebacker soon were hobbling off as well.

By the time the third week of the season was over for the District 7A-8 Wiregrass Ranch High (WRH) football team, head coach Mark Kantor’s depth chart was seemingly held together by scotch tape and glue and a batch of young sophomores who were called on to mature quickly.

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Local Businesses Speak Out Against Bruce B. Downs 'Loop Road'

loop rd diagramBy Matt Wiley

A man stands at a pulpit and speaks to a crowd inside Atonement Lutheran Church on S.R. 54 in Wesley Chapel. The people in the crowd seem tense and the man speaking makes every effort to reassure them. This isn’t a church service, but the first public meeting about the S.R. 581 (Bruce B. Downs [BBD] Blvd.) “Loop Road,” that could alter the current alignment of BBD approaching S.R. 54. The proposed road also could potentially affect numerous local businesses. Continue reading

Consulting Firm Recommends Indoor Sports Facility For Wiregrass Ranch

The land in blue above was dedicated to Pasco County by the owners of Wiregrass Ranch for a county park, which could house a multi-sport, indoor facility in the future.
The land in blue above was dedicated to Pasco County by the owners of Wiregrass Ranch for a county park, which could house a multi-sport, indoor facility in the future.

By Matt Wiley

After several months of study by a private consulting firm, a final report has been submitted to Pasco County about what should be done with the land that was dedicated for a sports facility in the Wiregrass Ranch Development of Regional Impact (DRI).Continue reading