Downtown Orlando Developments

  • Local CRE fund has vacant Downtown Orlando office building under contract

    Local CRE fund has vacant Downtown Orlando office building under contract

    A local commercial real estate fund has a 34-year-old vacant office building in Downtown Orlando under contract, with plans to close in December, fill it with tenants and explore vertical redevelopment over the next decade, its CEO told GrowthSpotter.  Located at 320 E. South St., the 1.82-acre...

  • Wells Fargo moving Downtown Orlando branch, vacating 23K SF of tower space

    Wells Fargo moving Downtown Orlando branch, vacating 23K SF of tower space

    Wells Fargo is preparing to lease 3,600 square feet of the former Fields Fiat-anchored building at 131 N. Orange Ave., relocating one of its two Downtown Orlando retail branches.  The move should occur in Second Quarter 2017, and will wrap up a notable reduction of the company's footprint in the...

  • Miami investor markets highly entitled 3.5 acres in Downtown Orlando for sale

    Miami investor markets highly entitled 3.5 acres in Downtown Orlando for sale

    One of Downtown Orlando's most prominent undeveloped land parcels is now marketed for sale after being held for nine months by a Miami-based investor, boasting rich entitlements for mixed use and the prospect of long-term growth for urban multifamily.  Located at 434 N. Orange Ave., the vacant...

  • Orlando City Soccer sources $79.5M bridge loan for stadium project

    Orlando City Soccer sources $79.5M bridge loan for stadium project

    Orlando City Soccer Club's affiliate developing the Downtown Orlando stadium now under construction sourced a $79.5 million loan from JPMorgan Chase Bank in late September, adding a new layer to the project's capital stack that had, until now, been forecast as mainly owner equity and low interest...

  • Plans emerge for facelift of city park next to Camping World Stadium

    Plans emerge for facelift of city park next to Camping World Stadium

    After a two-year study and redesign, city officials and LIFT Orlando are ready to unveil the plan to transform a dilapidated city park just south of Camping World Stadium into a family-friendly neighborhood asset. The Lake Lorna Doone Park master plan, developed by planning group Jacobs and funded...

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  • Owner of vacant Downtown Orlando office building preps renovation plan

    Owner of vacant Downtown Orlando office building preps renovation plan

    Flint, Mich.-based developer West Second Street Associates is preparing designs for a complete renovation of the former AT&T office building in Downtown Orlando, and will seek retail and office tenants for pre-lease in the coming months, the company's director of acquisitions told GrowthSpotter. ...

  • Local contractor plans artisan furniture showroom & cocktail bar in Ivanhoe Village

    Local contractor plans artisan furniture showroom & cocktail bar in Ivanhoe Village

    Local specialty contractor Michael Blaise is preparing a new artisan furniture store and specialty bar for renovated space in Downtown Orlando's Ivanhoe Village neighborhood.  Three years ago, Blaise and partner Amy Smith converted an old storage warehouse at 1427 N. Orange Ave. into The Lucky...

  • Creative Village chooses JLL to market 3 parcels for private development

    Creative Village chooses JLL to market 3 parcels for private development

    JLL has been chosen by Creative Village Development (CVD) to oversee the marketing of three sites available for sale in the 68-acre mixed-use urban infill project in Downtown Orlando, the companies announced Tuesday morning. The three parcel sizes are 0.6 acres, 1.7 acres and 1.8 acres in the center...

  • Battening down the construction hatches before Hurricane Matthew hits

    Battening down the construction hatches before Hurricane Matthew hits

    As Hurricane Matthew barreled toward Florida this week construction sites across the region teemed with contractors racing to complete work on nearly finished projects, button down materials and collect debris from job sites that could become projectiles in a hurricane. One of the more intense...

  • Tampa townhome developer seeks more urban infill & mixed-use sites in Orlando

    Tampa townhome developer seeks more urban infill & mixed-use sites in Orlando

    Tampa-based Icon Residential, a developer focused on urban infill townhomes, has three projects now underway in Greater Orlando and more land in its sights, with $75 million in equity it could place in projects across the Southeast over the next 18 to 24 months, a principal with the company told...

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  • New DRC unique to Creative Village would oversee 68-acre infill redevelopment

    New DRC unique to Creative Village would oversee 68-acre infill redevelopment

    Future development in Downtown Orlando's Creative Village will likely have to pass before a review committee formed specifically for the district starting in 2017, similar to the process established for other large master-planned communities in the city. A proposed amendment to Orlando's Land Development...

  • United Capital plans rooftop bar for downtown Marriott hotel reno

    United Capital plans rooftop bar for downtown Marriott hotel reno

    New York-based United Capital Corp. is planning to add a rooftop bar to the Downtown Orlando hotel near Creative Village it's renovating to reopen as a full-service Marriott.  To be located on the small east side of the 14-story hotel's roof, facing Interstate 4, plans filed with the city show...

  • InVictus set for rezoning of Parramore 6 acres, preps Florida Housing Finance app

    InVictus set for rezoning of Parramore 6 acres, preps Florida Housing Finance app

    Tampa-based InVictus Development, which earned city approval earlier this year for its "Parramore Oaks" redevelopment of 6.34 acres downtown, is fine-tuning its site plan and preparing a key funding application for December, which will seek up to $21.3 million from the Florida Housing Finance Corporation...

  • Mama B's Giant Subs owner to sell 2 prominent downtown land corners

    Mama B's Giant Subs owner to sell 2 prominent downtown land corners

    Owners of both Mama B's Giant Subs properties in Downtown Orlando want to retire from the sandwich business, opening up two prominent corner parcels for new retail or redevelopment.  Formally listed for sale in early August with Edward Johnston (working out of Exit Realty Central's downtown office),...

  • United Capital to take GC bids for downtown hotel reno, plans parking garage

    United Capital to take GC bids for downtown hotel reno, plans parking garage

    New York-based United Capital Corp. led tours for prospective general contractors on Tuesday of the closed Downtown Orlando hotel it plans to renovate and reopen as a full-service Marriott.  The company hopes to start full renovation by late September, open the hotel in Second Quarter 2017, and...

  • Custom builder & Phil Kean partner on brownstones, broker & lender sought

    Custom builder & Phil Kean partner on brownstones, broker & lender sought

    Local custom home builders Tracey Smith and Michael Madden have tabbed Phil Kean Design Group for a 10-unit modern brownstone townhouse project in Downtown Orlando. It's a projected $6 million investment for which they've yet to choose a pre-sales broker or conventional lender, Smith told GrowthSpotter. ...

  • Downtown Orlando room demand data support GDC's plan for new hotel

    Downtown Orlando room demand data support GDC's plan for new hotel

    Recent market data indicate Orlando's Central Business District is hungry for new hotel supply. New York-based GDC Properties is jumping at the opportunity, filing a master plan with the city for a 10-story, 126-key hotel on a 0.26-acre parcel directly southwest of the Dr. Phillips Performing Arts...

  • David Weekley responds to Millennials w/ townhome plans in Downtown Orlando

    David Weekley responds to Millennials w/ townhome plans in Downtown Orlando

    Prompted by growing demand from Millennials in Orlando for urban living options, production builder David Weekley Homes has contracts on two half-acre parcels in Downtown Orlando with plans for 23 townhomes, the company's first of this product type in the Central Business District.  "We've done...

  • DeLand-based doctor seeks to redevelop SoDo Orlando property as mixed use

    DeLand-based doctor seeks to redevelop SoDo Orlando property as mixed use

    A DeLand-based medical doctor who wants to relocate his practice to Downtown Orlando hopes to rezone 1.06 acres on S. Orange Avenue and build a new mixed-use office/retail building, with design and construction estimates to be sought in the latter half of this year.  "I want to be where the action...

  • Intram & Blurock choose apartment group for mixed-use south of Downtown Orlando

    Intram & Blurock choose apartment group for mixed-use south of Downtown Orlando

    Local developers Blurock Commercial and Intram Investments have chosen LeCesse Development Corp. to build and manage the 300-unit multi-family portion of their $75 million mixed-use redevelopment in South Downtown Orlando. The duo should break ground in early 2017 and have yet to choose a demolition...

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