Downtown Orlando Developments

  • Orlando preps for 'Complete Streets' planning of 720-acre Downtown South

    Orlando preps for 'Complete Streets' planning of 720-acre Downtown South

    The City of Orlando is preparing to kick off a year of "Complete Streets" master planning for about 720 acres that make up its Downtown South Neighborhood Improvement District (DSNID), aiming to steer future redevelopment along the frontage of main thoroughfares with better design, landscaping...

  • Alliance Residential scales back Lake Ivanhoe tower plans for MPB approval

    Alliance Residential scales back Lake Ivanhoe tower plans for MPB approval

    After a month of significant tweaks to design, height and the project's mixed-use gameplan, Winter Park-based Alliance Residential Company earned approval Tuesday from Orlando's Municipal Planning Board for its proposed apartment tower in downtown's Ivanhoe Village.  City planning staff have supported...

  • Lincoln Property Company pays $11M for site of Tremont Plaza tower, ballroom

    Lincoln Property Company pays $11M for site of Tremont Plaza tower, ballroom

    An affiliate of Lincoln Property Company paid $11 million on Friday for the Downtown Orlando site of its planned 28-story mixed-use Tremont Plaza tower project, acquiring with it the popular Ballroom at Church Street that could be redeveloped in the future.  Located at 225 S. Garland Ave., roughly...

  • Blackstone pays $175M for two Orlando multifamily assets, including 55 West

    Blackstone pays $175M for two Orlando multifamily assets, including 55 West

    The Blackstone Group paid a combined $175.25 million in a national portfolio deal last Thursday for two large multifamly properties in Orlando from Boston-based TA Realty, including one of Downtown Orlando's tallest towers.  The world's largest private equity firm paid $105 million for the 33-story,...

  • Rare Builders buys lakefront College Park acre lot for redevelopment

    Rare Builders buys lakefront College Park acre lot for redevelopment

    Altamonte Springs-based custom homebuilder Rare Builders paid $1.4 million in late March for a lakefront acre in College Park, drawn by the prospect of subdividing to redevelop for multiple homes.  Located at 1516 W. Ivanhoe Blvd., the 1.17-acre property currently features a 64-year-old home with...

  • UCF files plans with city for downtown campus' anchor academic building

    UCF files plans with city for downtown campus' anchor academic building

    The University of Central Florida filed plans on Friday with the City of Orlando for the anchor academic building of its downtown campus in Creative Village, boasting progressive design features along with adjacent land for future expansion.  Dubbed the Dr. Phillips Academic Commons, the five-story,...

  • Tavistock targets site near Dr. Phillips Center for downtown art museum

    Tavistock targets site near Dr. Phillips Center for downtown art museum

    More than a year after Orlando Museum of Art (OMA) announced plans to relocate to a downtown site, museum leaders may be zeroing in on a 1-acre gravel parking lot next to the Dr. Phillips Center for the Performing Arts. OMA's vision, which director Glen Gentele unveiled in September 2015, was to...

  • State bills under review could kill project funding for CRAs across Greater Orlando

    State bills under review could kill project funding for CRAs across Greater Orlando

    Two new bills under review in Tallahassee could phase out Community Redevelopment Agencies (CRAs) statewide, potentially cutting off millions of dollars in Greater Orlando that have been used by local governments to aid small businesses, attract corporate relocations and finance urban redevelopment. ...

  • Ex-CEO of Hughes Supply has buyer with office plans for acre in SoDo Orlando

    Ex-CEO of Hughes Supply has buyer with office plans for acre in SoDo Orlando

    A local real estate broker and development consultant has a buyer lined up for an acre within south downtown Orlando's Orlando Health campus, with plans for a new medical office building.  Located at 1116 Lucerne Terrace, the 1.03-acre vacant site lies a block and a half southwest of W. Gore Street...

  • Demolition of police HQ next to Amway Center may wait till Fall w/men's shelter

    Demolition of police HQ next to Amway Center may wait till Fall w/men's shelter

    The Orlando Police Department is expected to fully vacate its old headquarters in Downtown Orlando in May, but demolition of the building to make way for the 8.4-acre Orlando Magic Entertainment Complex may not start until late Fall, when the neighboring men's shelter is also vacant.  A ribbon...

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  • Unloading his 'Promised Land:' veteran CRE investor lists Parramore portfolio

    Unloading his 'Promised Land:' veteran CRE investor lists Parramore portfolio

    Philip T. Cowherd lives in Winter Park, and grew up in College Park. But, says the life-long investor in local real estate, “my whole world is Parramore.” Now 70, Cowherd has been accumulating properties in Downtown Orlando for 40 years, just like his father before him and just as his two sons,...

  • Straubcos building in SoDo district sells for nearly $1M; dental office coming

    Straubcos building in SoDo district sells for nearly $1M; dental office coming

    A 91-year-old building on the south side of Downtown Orlando will soon get a makeover, as new owners will shift tenancy from real estate to a dentist’s office. The former Straubcos Real Estate Solutions building at 1737 S. Orange Ave. was acquired Tuesday by South Downtown Retail LLC, an affiliate...

  • Mama B's Giant Subs site on N. Orange under contract to local retailer

    Mama B's Giant Subs site on N. Orange under contract to local retailer

    Orlando-based Magic Pet, a premium pet food, supply and grooming business, has the former Mama B's Giant Subs property near Orlando's North Quarter under contract, potentially bringing new retail to one of the most highly trafficked corners in downtown. Located at 692 N. Orange Ave. on the southwest...

  • Orlando City's land east of soccer stadium faces months of soil remediation

    Orlando City's land east of soccer stadium faces months of soil remediation

    Orlando City Soccer Club should open its new Downtown Orlando stadium on March 5 as expected, but land the club owns directly to its east still has months of excavation and soil remediation ahead before it can be utilized.  OCSC's land owner affiliate has spent more than $25.52 million on property since...

  • Orlando aims to reduce regulatory barrier to Parramore housing redevelopment

    Orlando aims to reduce regulatory barrier to Parramore housing redevelopment

    City of Orlando planners want to add flexibility to a key development standard in the Parramore neighborhood that could make it easier to redevelop lots for single-family homes.  "This will reduce regulatory barriers to developers," chief planning manager Paul S. Lewis told GrowthSpotter. "Residents...

  • Developer plans 10-story mixed-use tower along Downtown Orlando's Lake Ivanhoe

    Developer plans 10-story mixed-use tower along Downtown Orlando's Lake Ivanhoe

    Winter Park-based Alliance Residential Company has property fronting Lake Ivanhoe in Downtown Orlando lined up for purchase, with plans to redevelop as a 10-story mixed-use project that will bring more residents and office space to burgeoning Ivanhoe Village, a lead executive with the company told...

  • Western Way shopping center in Downtown Orlando sells for $4.55M

    Western Way shopping center in Downtown Orlando sells for $4.55M

    Western Way, a 1950s-era shopping center on W. Colonial Drive in Downtown Orlando, fetched a $4.55 million sale price last week, due in large part to one very desirable tenant. "People really love the location, and they're familiar with it because they know the (Orange County) Tax Collector is...

  • 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....

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