Downtown Orlando Developments

  • Owners pitch historic reno of Parramore bldg near stadium w/new gastropub

    Owners pitch historic reno of Parramore bldg near stadium w/new gastropub

    Owners of a half-vacant retail building near Orlando City Soccer Club's new stadium in Parramore are proposing a historic renovation for a new bar and restaurant, the first phase of what may be multiple property redevelopments they'd pursue in the immediate area.  Located at 532 W. Church St.,...

  • Site work to start next week on Tremont Plaza tower, 4th office tenant signed

    Site work to start next week on Tremont Plaza tower, 4th office tenant signed

    Lincoln Property Company expects to begin tearing up gravel next week and testing pile depths on the site of its planned 28-story mixed-use Tremont Plaza tower in Downtown Orlando, and has a fourth office tenant now under contract, a lead executive with the company told GrowthSpotter.  "We're finally...

  • LIFT Orlando starts commercial land assemblage east of Camping World Stadium

    LIFT Orlando starts commercial land assemblage east of Camping World Stadium

    LIFT Orlando has started building an assemblage of commercial properties in the past week east of Camping World Stadium for future redevelopment. The non-profit organization says plans for the land are undetermined, but multiple sellers were told of a prospective parking garage.  Initial properties...

  • Grace Medical buys office bldg in Downtown Orlando, CPA firm to move

    Grace Medical buys office bldg in Downtown Orlando, CPA firm to move

    An affiliate of local non-profit Grace Medical Home paid $2.815 million on Thursday for a new standalone headquarters office east of Downtown Orlando, while departing owner and tenant WithumSmith+Brown is planning a move to new office space in the Central Business District.  Located at 1417 E....

  • Kimley-Horn to grow local office w/move to Downtown Orlando tower

    Kimley-Horn to grow local office w/move to Downtown Orlando tower

    One of the area's top providers of engineering, environmental and planning services, Kimley-Horn and Associates, Inc., is choosing Downtown Orlando for its future expansion, signing a deal last week to move its local office to The Plaza Tower complex on S. Orange Avenue.  "This is a great way to...

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  • Pet store owner buys Mama B's Giant Subs in Downtown Orlando, plans reno

    Pet store owner buys Mama B's Giant Subs in Downtown Orlando, plans reno

    Premium pet food, supply and grooming business Magic Pet paid $750,000 on May 8 to enter the Downtown Orlando market, buying the former Mama B's Giant Subs property with significant renovation plans ahead, the company's owner told GrowthSpotter.  Located at 692 N. Orange Ave. on the southwest corner...

  • Orlando Health preps demolition for building on Lucerne Annex site in SoDo

    Orlando Health preps demolition for building on Lucerne Annex site in SoDo

    Orlando Health is in the midst of renovating and repurposing a 36-year-old building on its Lucerne Pavilion Annex property for staff support and human resources, and plans to tear down a smaller neighboring building that is now obselete.  Located at 55 W. Gore St. south of Downtown Orlando, directly...

  • CRE investors plan retail corner redevelopment in Orlando's Milk District

    CRE investors plan retail corner redevelopment in Orlando's Milk District

    A pair of realtors invested in a 1.25-acre assemblage in Downtown Orlando's Milk District are pursuing partial redevelopment of a handful of retail-commercial buildings. Located on the southwest corner of N. Bumby Avenue and E. Robinson Street, just southwest of the T.G. Lee Dairy plant, the project...

  • Upshot Capital has site near Orlando's Lake Ivanhoe under contract, eyes mixed-use

    Upshot Capital has site near Orlando's Lake Ivanhoe under contract, eyes mixed-use

    An Orlando real estate investment group has 1.56 acres under contract next to the Doubletree by Hilton Orlando Downtown, with potential mixed-use development plans between the burgeoning North Quarter and Ivanhoe Village neighborhoods.   Located at 68 S. Ivanhoe Blvd., the vacant parcel is tucked...

  • Northland pays $65M for majority condo stake in The Paramount on Lake Eola

    Northland pays $65M for majority condo stake in The Paramount on Lake Eola

    Massachusetts-based Northland Investment Corporation paid a combined $65.25 million on Thursday for a majority commercial and residential stake in the 313-unit The Paramount on Lake Eola, a Downtown Orlando condominium tower. The company plans to invest more than $4 million in improvements to the...

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  • Nunziatas sell Walgreens-leased 1st floor of Downtown Orlando bldg for $6.18M

    Nunziatas sell Walgreens-leased 1st floor of Downtown Orlando bldg for $6.18M

    The brothers and co-CEOs of FBC Mortgage drew nearly $6.18 million last week from an investor for the Walgreens-leased first floor of Downtown Orlando's historic First National Bank building, 1.3 times what they paid for the entire property in 2014.  Located at 190 S. Orange Ave. on the northwest...

  • Owner of Downtown Orlando office bldg submits renovation redesign to city

    Owner of Downtown Orlando office bldg submits renovation redesign to city

    Flint, Mich.-based developer West Second Street Associates has finalized designs with Baker Barrios for a total renovation of the former AT&T office building in Downtown Orlando, turning in renderings and plans on Wednesday to the city's Appearance Review Board.  GrowthSpotter first reported on...

  • Tampa developer plans 2nd Downtown Orlando hotel near ORMC

    Tampa developer plans 2nd Downtown Orlando hotel near ORMC

    A Tampa-based developer is pursuing city approvals to build its second hotel in South Downtown Orlando serving the Orlando Regional Medical Center and its surrounding campus, just as its first property reaches stabilization.  Development entity 51 Columbia Hotel Property LLC is a newly-created...

  • Developer pursues assemblage, mixed-use apartment tower in Downtown Orlando

    Developer pursues assemblage, mixed-use apartment tower in Downtown Orlando

    Illinois-based multifamily developer Banner Real Estate Group is pursuing its market entry to Central Florida with a proposed six-parcel assemblage in Downtown Orlando a block northwest of Lake Eola, and initial plans for a 13-story mixed-use tower.  The proposal is very early-stage, with a height,...

  • 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,...

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