Downtown Orlando Developments

  • Digital marketing firm pays $15.5M for Downtown Orlando office building

    Digital marketing firm pays $15.5M for Downtown Orlando office building

    An affiliate of Orlando-based digital marketing firm Launch That paid $15.5 million last week to fast-track its growth, buying a five-story office building in Downtown Orlando where it can expand, while repositioning the property as a hub for small tech companies.  Located at 1 S. Orange Ave.,...

  • Orlando Union Rescue Mission & Orlando Magic swap land to faciltate shelter move

    Orlando Union Rescue Mission & Orlando Magic swap land to faciltate shelter move

    The Orlando Magic and Orlando Union Rescue Mission swapped properties in Downtown Orlando on Jan. 3, a formal step that now allows renovation to start in the coming months on a shuttered hotel where the men's shelter should relocate to by late November, the mission's president and CEO told GrowthSpotter. ...

  • Diocese of Orlando to clear 2-acre site in Orlando's Central Business District

    Diocese of Orlando to clear 2-acre site in Orlando's Central Business District

    The Diocese of Orlando is preparing to demolish two small buildings on 2.08 acres it owns in the heart of Downtown Orlando, clearing an underutilized parcel south of the Bank of America Center tower for potential future development.  Located at 336 N. Orange Ave. on the northwest corner with W....

  • 3rd-gen local CRE investor spends $1.5M on two Downtown Orlando sites

    3rd-gen local CRE investor spends $1.5M on two Downtown Orlando sites

    A third-generation investor in local real estate spent more than $1.5 million last week on two value-add commercial properties in Downtown Orlando. Brad Cowherd, principal of Florida Oranges Land Company and owner/operator of Infusion Tea on College Park's Edgewater Drive, has continued on the...

  • Orlando Union Rescue Mission men's shelter to relocate to downtown hotel

    Orlando Union Rescue Mission men's shelter to relocate to downtown hotel

    The Orlando Union Rescue Mission will relocate its men's shelter next year to a shuttered hotel property west of Downtown Orlando, an investment of roughly $5 million that will add a net 80 beds to its space, and allow it to vacate the footprint of the future 8.4-acre Orlando Magic Entertainment...

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  • 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...

  • 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. ...

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  • 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. ...

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