[In mid-2020, during the height of the COVID-19 global pandemic], Casto President Brett Hutchens was thinking about redeveloping Winter Park Village once again; the company paid $23 million to develop and open Winter Park Village in 1999. Alexie Fonseca of Colliers International Central Florida knew what was missing, and she and David Gabbai, also of Colliers, worked for weeks on an exhaustive presentation that included researching potential tenants for each individual space in the 483,451-square-foot shopping center.
[In early September], Gabbai called Fonseca with good news: Colliers was hired.
On Dec. 14, Casto revealed plans to inject roughly $20 million to upgrade the property’s exterior at 510 Orlando Ave. and to convert some office space into residential units. As part of the deal, New York-based JPMorgan Chase & Co. sold its stake in the shopping center to Casto.