I-Drive Developments

  • New fast-food Italian & Mexican brands enter Orlando market via I-Drive area

    New fast-food Italian & Mexican brands enter Orlando market via I-Drive area

    Local Cold Stone Creamery franchisees are preparing to open their own new quick-service Italian restaurant brand in the heart of International Drive.  Vijay Dattani and his brother, Bimal Dattani, own and operate seven Cold Stone locations in Greater Orlando with an eighth on the way, and their...

  • I-Drive hotel owner has prime commercial outparcel, looking for CRE broker

    I-Drive hotel owner has prime commercial outparcel, looking for CRE broker

    Tampa-area hotelier Ben Mallah is still in the market for a local CRE broker to help him "find the right fit" for an outparcel he's creating in front of the  Four Points by Sheraton Orlando on North International Drive. "Calling all brokers," Mallah told GrowthSpotter on Monday. "I don't care if...

  • Universal seeks Wet n' Wild site redevelopment for 4,000 hotel rooms

    Universal seeks Wet n' Wild site redevelopment for 4,000 hotel rooms

    Universal Orlando filed a framework master plan on Monday to redevelop its shuttered Wet 'n Wild property with up to 4,000 hotel rooms. Located at 6200 International Dr., 64.6 acres that make up the former water park property lie across nine contiguous parcels, with 23.65 acres for the water park...

  • Hilton Orlando owner buys nearby land to retain water, free up pond for infill

    Hilton Orlando owner buys nearby land to retain water, free up pond for infill

    An affiliate of RIDA Development Corp., owner of the 1,418-room Hilton Orlando on the corner of Destination Parkway and International Drive, paid $3.85 million on Friday for an adjacent six acres, where it plans to divert the hotel's stormwater retention and free up more than 2 acres on the hotel...

  • Orange County Public Schools has South I-Drive site under contract

    Orange County Public Schools has South I-Drive site under contract

    Orange County Public Schools has 20 acres under contract for a future elementary school on the southern end of International Drive, drawn to invest in the tourism corridor as a growing number of new apartments there attract and retain families.  Located in the 13000 block of South I-Drive and southeast...

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  • Miami developer buys South I-Drive land, plans 2 hotels w/new select service brands

    Miami developer buys South I-Drive land, plans 2 hotels w/new select service brands

    Miami-based Riviera Point Development Group paid $3.3 million on Thursday to enter Orlando's tourism corridor, buying 3.32 undeveloped acres on S. International Drive where it plans to develop two select service hotels, its founder and CEO told GrowthSpotter.  Located in the 11500 block of S. I-Drive,...

  • Local investor holds 10 acres under contract near Vineland Outlets

    Local investor holds 10 acres under contract near Vineland Outlets

    Local real estate investor and businessman Wayne J. Hilmer Sr. has nearly 10 acres under contract east of Vineland Premium Outlets, with plans to subdivide for hotel and retail developers that would capitalize on the growth along Daryl Carter Parkway, and a potential future I-4 interchange.  Located...

  • Owners assembling land off South I-Drive pursue enviro permits, sale to developers

    Owners assembling land off South I-Drive pursue enviro permits, sale to developers

    A property rights law firm that has helped 103 clients assemble 600-plus acres for development in Orlando's tourism corridor is weeks away from applying for two environmental permits.  Processing and approval of those could run through Summer 2017, but marketing has started this month for what...

  • Developer plans convention-level hotel tower on 20 acres south of OCCC

    Developer plans convention-level hotel tower on 20 acres south of OCCC

    Randall F. Greene and DCS Real Estate Holdings, the South Florida developer behind Bella Collina and other high profile Orlando-area projects, has a 20-acre site under contract south of the Orange County Convention Center's West Concourse, with plans to build a convention-level hotel tower with...

  • AMP Group signs two new retailers & helitour operator for I-Drive properties

    AMP Group signs two new retailers & helitour operator for I-Drive properties

    AMP Group, the Orlando-based owner/operator of 10 retail properties on North International Drive, has signed a Brazilian natural foods store and menswear retailer to fill Orlando Crossings East, and a local helitour operator to take over its dual helipad plan for the parking lot of Crossings West. ...

  • NY investors buy I-Drive Bass Pro Shops for $17 million

    NY investors buy I-Drive Bass Pro Shops for $17 million

    A pair of real estate investors from New York paid $17 million this week for Orlando's Bass Pro Shops Outdoor World superstore at Artegon Marketplace. "It's a beautiful piece of property and a beautiful store," buyer Michael Aviles told GrowthSpotter on Tuesday. "We feel like it's a good long-term...

  • Artegon owner engages CBRE to market North I-Drive mall for potential sale

    Artegon owner engages CBRE to market North I-Drive mall for potential sale

    New York-based Lightstone Group, owner of Artegon Marketplace on N. International Drive, has hired the land services team of CBRE Orlando to begin marketing the 100-acre property for prospective sale, the company told GrowthSpotter on Tuesday. Lightstone said it considers Artegon "a tremendous...

  • Future connectivity draws O'Connor Capital to 50+ acres on Daryl Carter Pkwy

    Future connectivity draws O'Connor Capital to 50+ acres on Daryl Carter Pkwy

    O'Connor Capital Partners has more than 50 acres of land owned by a Daryl Carter affiliate under contract north of Orlando Vineland Premium Outlets, with plans for a 530,000-square-foot retail power center. The developer will benefit from a key roadway connection set to break ground in early 2017,...

  • Hilton Orlando owner seeks to free 2 acres for development by diverting stormwater

    Hilton Orlando owner seeks to free 2 acres for development by diverting stormwater

    RIDA Development Corp., owner of the 1,418-room Hilton Orlando on the corner of Destination Parkway and International Drive, is working with a nearby land owner to try and divert its stormwater retention off-site, freeing up more than 2 acres on the hotel parcel for future development.  The company...

  • Bluegreen Corp. seeks to expand next timeshare tower at The Fountains resort

    Bluegreen Corp. seeks to expand next timeshare tower at The Fountains resort

    Boca Raton-based Bluegreen Corporation wants to expand its planned ninth timeshare tower by three floors at its expansive The Fountains resort on S. International Drive, filing a change determination request on Thursday with Orange County. Located at 12400 South I-Drive southwest of Lake Eve, the...

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  • Wallack wants more hotel rooms, entertainment space in Skyplex plan

    Wallack wants more hotel rooms, entertainment space in Skyplex plan

    Developer Joshua Wallack wants to increase the size of his entertainment space and hotel at the planned Skyplex entertainment complex, filing a change determination review Thursday with Orange County to convert uses within the approved development program.  The original development program in the...

  • Trammell Crow Residential files plan for 656 apts on Universal Boulevard

    Trammell Crow Residential files plan for 656 apts on Universal Boulevard

    Atlanta-based developer Trammell Crow Residential (TCR) filed plans on Wednesday for 656 apartments on 26 acres it's preparing to buy in the heart of Orlando's tourism corridor, northeast of Universal Boulevard and between planned sites of Topgolf, Andretti Indoor Karting & Games, and the bulk...

  • ContraVest files plan for second-phase apartments on Universal Boulevard

    ContraVest files plan for second-phase apartments on Universal Boulevard

    Altamonte Springs-based ContraVest is pressing forward with its second phase of apartments on Universal Boulevard, filing plans Tuesday with Orange County for 344 units northwest of the intersection with Destination Parkway.  The developer, builder and manager of market rate multifamily communities...

  • AD1 Global buys 2nd hotel on I-Drive, pushes property manager service locally

    AD1 Global buys 2nd hotel on I-Drive, pushes property manager service locally

    Hollywood, Fla.-based hotel investor AD1 Global paid $8.6 million on Tuesday for its second value-add property on International Drive, and is actively seeking more assets while trying to establish its third-party management service with local hotel owners, a lead executive with the company told...

  • North American Properties pays $16.8M for North I-Drive land, lining up LOIs

    North American Properties pays $16.8M for North I-Drive land, lining up LOIs

    Cincinnati-based North American Properties closed Wednesday on its $16.8 million purchase of 16.5 acres on the northern end of International Drive. Located directly south of Orlando International Premium Outlets, the group is lining up LOIs from national restaurants and hotels, and should break...

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  • Le Meridien flag expected for Empire Equities' hotel on Universal Blvd

    Le Meridien flag expected for Empire Equities' hotel on Universal Blvd

    New York-based real estate developer and manager Empire Equities is expected to bring Starwood's Le Meridien flag to the Orlando hotel market, if it can close on a 5.34-acre site on Universal Boulevard where it's been approved for a 365-key hotel.  Empire earned Development Plan approval on Nov....

  • Mix of retail, apartments and hotels pitched for 16 acres on I-Drive's north end

    Mix of retail, apartments and hotels pitched for 16 acres on I-Drive's north end

    Cincinnati-based North American Properties has a contract to buy 16.5 acres on the northern end of International Drive, directly south of Orlando International Premium Outlets, where it envisions a mix of retail, apartments and two hotel towers for land soon to be activated by a new I-4 interchange,...

  • Andretti Karting invests more to activate street front, in line with I-Drive Vision Plan

    Andretti Karting invests more to activate street front, in line with I-Drive Vision Plan

    Georgia-based Andretti Indoor Karting & Games will spend another $400,000 to $500,000 on exterior design and construction of its entertainment center on Universal Boulevard, after committing the past five months to tweaking its plan for the 8.44-acre lot to better align with Orange County's I-Drive...

  • IHOP sales net record returns on I-Drive and W192

    IHOP sales net record returns on I-Drive and W192

    The recent sales of three International House of Pancakes restaurants in Orlando and Osceola County generated "unprecedented prices and cap rate returns," according to agents who brokered the deals. All three properties had leases with corporate guarantees from Sunshine Restaurant Partners, the...

  • Aggressive pre-construction timeline sought over next five months for UNIQ

    Aggressive pre-construction timeline sought over next five months for UNIQ

    Brazilian owners of International Drive's Avanti Resort have targeted August for groundbreaking of their new 21-story UNIQ Hotel, and are exploring financing options and general contractors for the project, the company's spokesman in Orlando said Monday.  It's an optimistic time line, requiring...

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  • InSite Group pays $15.1M for CoCo Key Water Resort on North I-Drive

    InSite Group pays $15.1M for CoCo Key Water Resort on North I-Drive

    The CoCo Key Water Resort on North International Drive sold on Nov. 18 for $15.1 million to Fort Lauderdale-based hotel investor InSite Group, a company that co-owns the B Resort & Spa located near Downtown Disney, according to county records. GrowthSpotter first reported in mid-July that the South...

  • Whittall's vision for 76-acre I-Drive revamp needs a key 5.3-acre participant

    Whittall's vision for 76-acre I-Drive revamp needs a key 5.3-acre participant

    Unicorp National Developments' master plan to redevelop a 76-acre block in International Drive's Entertainment District over the next decade could bring more than $1 billion in investment to the area, but one land owner lies between it all coming together.  As GrowthSpotter first reported on Nov....

  • Marketing push grows for Colony Capital's 474 acres following foreclosure auction win

    Marketing push grows for Colony Capital's 474 acres following foreclosure auction win

    California-based real estate investment firm Colony Capital can soon sell 19 parcels totaling 474 acres that lie generally east of Universal Boulevard and near the Orange County Convention Center, after passing through the formality Wednesday of winning a public foreclosure auction for the property....

  • Unicorp pitches long-term revamp of 76 acres in I-Drive Entertainment District

    Unicorp pitches long-term revamp of 76 acres in I-Drive Entertainment District

    Unicorp National Developments, owner and manager of more than 68 semi-contiguous acres from the Wyndham Orlando Resort down to I-Drive 360 that lie southeast of International Drive and Sand Lake Road, has an early-stage master plan to redevelop much of that property over the next decade. It would...

  • Anatomy of a Deal: Skyplex sends Wallack on parcel shopping spree (Pt. 2)

    Anatomy of a Deal: Skyplex sends Wallack on parcel shopping spree (Pt. 2)

    It was a year ago this week when Joshua Wallack and Orlando-based U.S. Thrill Rides unveiled a four-minute video of Skyscraper, the world's tallest rollercoaster, during IAPAA Attractions Expo 2014 in Orlando.  The polercoaster web video went viral, accumulating more than 700 million views since...

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  • Preview: I-Drive Vision Plan forecasts 25-year urban rebirth for corridor

    Preview: I-Drive Vision Plan forecasts 25-year urban rebirth for corridor

    With a fresh focus on prioritizing walkability, active street fronts and urban design for Orlando's tourism corridor, Orange County planning staff will present the International Drive/Convention Plaza District 2040 Strategic Vision Plan this Tuesday to the Board of County Commissioners for initial...

  • Benderson's Buffalo Lodging plans $13.4M Home2 Suites hotel near North I-Drive

    Benderson's Buffalo Lodging plans $13.4M Home2 Suites hotel near North I-Drive

    Buffalo Lodging Associates, an affiliate of University Park-based Benderson Development, should break ground in First Quarter 2016 on a new Home2 Suites by Hilton hotel on its last undeveloped parcel on American Way, and has yet to decide if its in-house general contractor will lead the project,...

  • Developer linked to AMP Group plans dual helipad attraction on I-Drive

    Developer linked to AMP Group plans dual helipad attraction on I-Drive

    A development group with ties to AMP Group is proposing a helicopter tour attraction with dual helipads on North International Drive, in what is now the parking lot of newly-renovated shopping center Orlando Crossings West. Dubbed Orlando Crossings Heliport, the project is planned for 5529 International...

  • Colony Capital's 474 acres on Universal to be marketed worldwide Friday

    Colony Capital's 474 acres on Universal to be marketed worldwide Friday

    California-based real estate investment firm Colony Capital kicks off a global marketing campaign Friday with CBRE for 19 parcels totaling 474 acres that lie southeast of Universal Studios and near the Orange County Convention Center, with aim to sell the entire property at one time and draw offers...

  • Central Florida Behavioral Hospital to build extension, add beds

    Central Florida Behavioral Hospital to build extension, add beds

    Central Florida Behavioral Hospital, a niche treatment facility for mental health and substance abuse that's based directly west of SeaWorld, should break ground in early 2016 on a 25,363-square-foot addition, and has yet to choose its general contractor, a lead executive with the company told GrowthSpotter....

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