Millenia landlord will demolish TGI Fridays building
The landlord who sued TGI Fridays last year to evict the restaurant from its Mall at Millenia location will tear down the building and bring in a new tenant.
Cameron Group Associates, which owns about a dozen retail parcels around to the mall, received a demolition permit for the restaurant building at 4151 Millenia Blvd, according to a report in GrowthSpotter. The landlord evicted the TGI Fridays franchisee, Orlando Restaurants Inc., in October for nonpayment around the same time the chain’s parent company filed for Chapter 11 reorganization.
The company auctioned off the restaurant’s fixtures and equipment, and buyers were at the property last week removing everything from booths to light fixtures.
Cameron Group, a partnership led by real estate investors Frank and Steven Schrimsher, restauranteur John Rife and Shutts & Bowen attorney Jim Willard, declined to identify the new tenant. But the partnership has leased the 1.85-acre parcel to an affiliate of auto magnate Terry Taylor, who currently owns and operates the Infinity and Aston Martin/Lotus/Moke dealerships next door. Taylor, a Palm Beach billionaire, owns 120 dealerships across the U.S., including four in Orlando: Porsche, Jaguar/Land Rover, and Lincoln Mercury, in addition to the Millenia complex.