A developer has filed a site plan with the city of Inverness to build a new Chili’s restaurant and a Capital City Bank on the property of the old, vacated Regions Bank site by State Road 44 and U.S. 41.
Inverness City Manager Eric Williams said the application is in the permitting stage. The site plan shows the restaurant will have 4,300 square feet and the bank 3,000 square feet. The former Regions will be torn down to make way for the new occupants.
Williams said the new development will add to the city’s tax base, employ people and fill a dining need.
“People are looking for more restaurants, more service-oriented businesses,” Williams said. “This will serve the community well.”
Developer Cory Presnick, a principal with Corta Development, confirmed he has signed leases with Chili's and Capitol City Bank.
Presnick has a special reason for welcoming the new businesses to Inverness. He grew up in the city, graduating from Citrus High School.
“It’s really exciting to be able to develop things in my hometown,” Presnick said.
This new Chili’s will have one major difference from others in the chain: it will be attached with the bank. Most Chili’s are free-standing. It will also be a bit smaller than the others, partly due to the pandemic and fewer patrons dining indoors, Presnick said.
In all, there will be 115 parking spaces in the new complex.
Presnick said the location can’t be beat. An estimated 41,000 cars per day drive by at that site where State Road 44 meets U.S. 41 — one of the highest traffic counts in the county, he said.
Presnick said he’s still in the permitting stage and under contract to close on the 1 1/2-acre property. That should take 60-90 days and, if all goes well, construction will then start. Tentative opening of Chili’s and the bank is spring 2022, he said.
Banks are building smaller, more compact sites due to new banking trends, he said. For example, Regions — after 30 years at the site where the new Chili’s and Capital City Bank are going — opted to move out of its large two-story office in 2019 and open a smaller branch almost directly across the street.