Downtown Orlando Developments

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  • Seritage seeks demo permit for Fashion Square Sears, changes outparcel plans

    Seritage seeks demo permit for Fashion Square Sears, changes outparcel plans

    New York-based REIT Seritage Growth Properties is preparing to demolish the former Sears building it owns at Orlando Fashion Square Mall, and has added another outparcel to its retail and dining plans for the property.  Seritage filed a demolition permit request on Friday with the City of Orlando...

  • 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. ...

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  • 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...

  • InVictus has contracts for city's Parramore 6 acres, readies LIHTC application

    InVictus has contracts for city's Parramore 6 acres, readies LIHTC application

    Tampa-based InVictus Development, which earned Orlando's approval earlier this year for its "Parramore Oaks" redevelopment plan in downtown, has purchase agreements ready for the city's 6.34 acres, and will seek a construction loan of nearly $14 million in the coming semester, the company's president...

  • David Weekley buys 3rd site for Downtown Orlando townhomes on Fern Creek Ave

    David Weekley buys 3rd site for Downtown Orlando townhomes on Fern Creek Ave

    Production builder David Weekley Homes is planning 10 townhomes on a half-acre site on Fern Creek Avenue in Downtown Orlando, its third such project in the downtown submarket to break ground next year, the company's local division president told GrowthSpotter.  An affiliate LLC paid $600,000 on...

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