City to be new landlord for Michelin-star restaurant and Austin's Coffee in $4 million deal
The mayor says leases on the property will be honored, but the city needs the land for drainage and road projects
Nov. 14, 2024
By Beth Kassab
City Commissioners voted unanimously to pay $4 million for an acre of land on the corner of Fairbanks Avenue and Denning Drive that is home to Chef Michael Collantes’ Soseki, which earned a Michelin star in 2022, and longtime community spot Austin’s Coffee.
The vote came after owners of the businesses made pleas for the city to allow them to continue to operate or help them relocate.
Mayor Sheila DeCiccio said the seller of the property approached the city and “if we don’t buy it, it will go to someone else.”
City officials have eyed the land for roughly 20 years as a potential piece needed to widen the busy intersection to improve traffic flow, add stormwater drainage and grow neighboring MLK Park, popular for its playing fields.
“In addition to the left turn lanes … there will also be an opportunity to expand the park,” DeCiccio said. “So what I want to make clear is when we purchase this, we are not looking to terminate any leases. We are not looking to buy them out. We are looking to honor the leases there.”
But that promise didn’t alleviate trepidation from Collantes who spoke to the commission and noted the more than $1 million investment he has in the intimate modern omakase-style restaurant. He also has other concepts in the building including Bar Kada, home to a large sake collection, and is set to open Perla’s Pizza Cocktails and more next year. He has lease options on the property that run through 2035.
“We put in quite a big amount of money in infrastructure,” he told commissioners. “I would hate to pick up and move this amazing restaurant and move outside of the city of Winter Park.”
Jackie Moore, co-owner of Austin’s, said her lease is set to expire next year and questioned whether adding left turn lanes would make a noticeable difference for motorists.
“If a turn lane is put in, it would take seconds off, not minutes off,” she said, referencing a conversation she had with officials at the state Department of Transportation. “You would be displacing businesses that have been there for decades.”
She added that the city should compensate the business owners if they are forced to move.
The 1-acre property at 929 W. Fairbanks Avenue is owned by a company managed by Andrew Dubill, a principal in Avanti Properties Group based on nearby Pennsylvania Avenue.
The seller was not at the meeting but City Manager Randy Knight stepped out at one point to phone the property company’s representative after commissioners asked for 75 days rather than 60 days for due diligence before finalizing the deal. The seller agreed to the change.
Commissioners discussed whether they might lower the price they are willing to pay if the due diligence turns up code violations or environmental damage from former businesses that will require costly work.
“We would either have them fix it or reduce the purchase price accordingly and go in and fix it ourselves,” DeCiccio said.
Knight said it could take years before the turn lanes are added or the other projects take place such as the beautification of Lake Rose — now the name of the famous 1981 sinkhole that swallowed a home and at least five Porches at a repair shop.
At least some of the businesses could still operate even if that work is underway, perhaps with a reorienting of the building entrances toward the park. The six leases, which expire between 2025 and 2035, bring in about $180,000 in rent each year.
The city will use $1 million from the parks acquisition fund and $3 million from the newly-expanded Community Redevelopment District to cover the purchase price.
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This should have been accomplished long ago. Glad it’s finally about to happen.