PARRISH -- Benderson Development's long-planned Creekside Commons shopping plaza will be anchored by a Wal-Mart Supercenter when construction starts on acreage at the intersection of Erie Road and U.S. Highway 301.
The world's largest retailer is the first named tenant in a development that promises to bring a huge chunk of shopping real estate to a rapidly growing area of new housing.
The University Park commercial developer plans to build about 285,000 square feet of new retail space at Creekside Commons. The construction project, first approved in 2008, went into hiatus when the new housing market crashed that year. It was modified and reintroduced six years later. The Manatee County Commission approved the modifications in August 2014.
The 50-acre development includes an existing 15,000-square-foot CVS Pharmacy.
Benderson officials declined to comment on the construction project this week. However, building permits show that the company plans to start work with six buildings on a 38-acre portion of the property. The Supercenter is the largest of those buildings, measuring over 182,000 square feet, according to plans on file with Manatee County. The permit shows a construction cost of $10.25 million.
Wal-Mart on Thursday did not respond to a request to comment on the future store.
Total construction value for all the planned buildings is just over $16 million. The building permits have yet to be approved by Manatee County.
The new Supercenter will be the seventh in Manatee County and the first in the Parrish area. The company operates a second Highway 301 Supercenter in Palmetto. It has other locations on Cortez Road West; State Road 64; and University Parkway; and two stores on State Road 70. Wal-Mart also recently opened its first Neighborhood Market store in the county on State Road 70 near Lockwood Ridge Road.
Benderson has divided the remainder of the planned retail space at Creekside Commons into smaller bays and satellite buildings. According to the project's site plan, up to eight businesses could move into a 52,813-square foot strip center attached to the Wal-Mart. An 11,000-square foot satellite building is proposed for the northwest corner of the site, while five buildings, each measuring smaller than 8,300 square feet, are planned for construction on the project's Highway 301 frontage.
Modifications Benderson made to its development plan include the elimination of a road that would have connected Highway 301 and Erie Road across the back of the development site and a 30-foot reduction in the buffer zone between structures and public roads.
The Supercenter will likely compete with the Publix supermarket directly across Highway 301. That store anchors the 83,000-square-foot Parkwood Square.
Benderson has owned the land for Creekside Commons for about 12 years, having purchased it in 2004 for $2.12 million.
Other future construction is expected nearby to accommodate new housing and a growing population. The Manatee County School District recently made an offer to buy acreage on Erie Road northeast of the future Supercenter. The district is interested in building a new high school at the site.
Matt M. Johnson, Herald business reporter, can be reached at 941-745-7027 or on Twitter@MattAtBradenton.