I-Drive Developments

  • Owner of I-Drive Four Points hotel plans parking expansion, potential retail pad

    Owner of I-Drive Four Points hotel plans parking expansion, potential retail pad

    Largo-based Equity Management Partners (EMP) is planning a parking lot expansion and new retail building on its Four Points by Sheraton Orlando Studio City property along N. International Drive, and has yet to hire a local real estate broker to market the property, the company's principal told...

  • Theme park developer pursues Artegon land & neighboring I-Drive properties

    Theme park developer pursues Artegon land & neighboring I-Drive properties

    A large U.S. theme park developer with international partners is pursuing the 104 acres of Artegon Marketplace on N. International Drive, and wants to pair it for redevelopment with outparcels and 77 acres directly south owned by an Ecuadorian investor, commercial real estate sources with knowledge...

  • Brazilian investor buys 2nd I-Drive hotel for $26M, plans thorough renovation

    Brazilian investor buys 2nd I-Drive hotel for $26M, plans thorough renovation

    Brazilian business group Brasif, owner of the Avanti Resort on International Drive, closed a $26 million purchase on Monday for its second hotel in Orlando's tourism corridor, the 652-room International Palms Resort & Conference Center. The company will shut down the property early in First Quarter...

  • 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...

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  • 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...

  • 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...

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

    Tramell Crow Residential files plan for 656 apts on Universal Boulevard

    Atlanta-based developer Tramell 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 of Universal...

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  • 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...

  • Owner's group swaps land with SFWMD off South I-Drive, eye on future sale

    Owner's group swaps land with SFWMD off South I-Drive, eye on future sale

    Thirty owners of former Munger land east of S. International Drive completed a $1 million land swap last week with the South Florida Water Management District, each side gaining about 40 acres that help to further assemblage efforts for private development, and the District to focus its protected...

  • Bidding opens on Destination Pkwy road work, marketing heats up for vacant land

    Bidding opens on Destination Pkwy road work, marketing heats up for vacant land

    Bidding was opened Monday for contractors on the final mile extension of Destination Parkway, and HFF Orlando recently started to market a key 14-acre parcel along the route. Prospective buyers must offer on the land by Aug. 11, and the highly entitled property could prompt assemblage interest...

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  • North American Properties aims high in entitlement hunt for site on N. I-Drive

    North American Properties aims high in entitlement hunt for site on N. I-Drive

    Cincinnati-based North American Properties should close in the next 60 days on 16.5 acres on the northern end of International Drive, directly south of Orlando International Premium Outlets, after filing a master plan with City of Orlando for an aggressive entitlement mix of retail, office, apartments...

  • Fun Spot prioritizes parking expansion this year as first stage of bigger plans

    Fun Spot prioritizes parking expansion this year as first stage of bigger plans

    Fun Spot America is reorganizing its expansion priorities this year, focusing first on an estimated $2 million investment to double its paved parking space before moving on next year to adding new park attractions, the company's marketing director told GrowthSpotter.  Fun Spot America has filed...

  • Kissimmee helicopter tour company pitches helipad at Artegon Marketplace

    Kissimmee helicopter tour company pitches helipad at Artegon Marketplace

    Kissimmee-based tour company Leading Edge Helicopters is the latest such operator to try and stake their claim on International Drive, proposing a helipad in the parking lot of Artegon Marketplace.  The company has filed for a conditional use permit with the City of Orlando to install a vertiport/helipad...

  • CVS closes lease deal for Ming Court land on I-Drive, near Pointe Orlando

    CVS closes lease deal for Ming Court land on I-Drive, near Pointe Orlando

    CVS/pharmacy has finalized a ground lease agreement for the Ming Court restaurant property on International Drive, directly across from Pointe Orlando, with the restaurant set to close May 30 and CVS to take over the site in mid-June, the restaurant's owner told GrowthSpotter.  Located at 9188...

  • REIT backing Andretti Karting buys Universal Boulevard land for $8.44M

    REIT backing Andretti Karting buys Universal Boulevard land for $8.44M

    EPR Properties, a Kansas City-based REIT that funded the land acquisition for Topgolf on Universal Boulevard, paid $8.44 million on Monday for the neighboring 9-acre parcel fronting Universal on behalf of Andretti Indoor Karting & Games, where it will build a $30 million attraction. GrowthSpotter ...

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  • 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....

  • Arizona-based REIT pays $13M for movie theater lot within North I-Drive mall

    Arizona-based REIT pays $13M for movie theater lot within North I-Drive mall

    A lot leased by Cinemark Theater in the northeast corner of Artegon Marketplace on N. International Drive was bought Friday for $13 million by an affiliate of Arizona-based STORE Capital, a REIT focused on single tenant operational real estate. STORE Capital's affiliate LLC signed a 10-year lease...

  • Property owner behind former CSI attraction seeks broker, tenant for building

    Property owner behind former CSI attraction seeks broker, tenant for building

    Lansing, Mich.-based The Eyde Co., a developer and property manager that owns the International Drive parcel that attraction CSI: The Experience is vacating, is preparing the space for lease and seeking a local listing broker, a lead executive with the company told GrowthSpotter.  Located at 7220...

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  • Clear Channel Outdoor pays $17M for billboard sites in Orlando's tourism corridor

    Clear Channel Outdoor pays $17M for billboard sites in Orlando's tourism corridor

    In a clear signal of how valuable Orlando's 62 million-plus tourists are to local advertisers, Clear Channel Outdoor paid $16.95 million on Oct. 8 for four billboard sites on or near the International Drive tourism corridor.  The first of the four was a standard parcel acquisition for $1.3 million of...

  • Helicopter tour operator hits expansion delay over community meeting

    Helicopter tour operator hits expansion delay over community meeting

    The owner-operator of Air Force Fun Helicopter Tours has the consumer demand and the land to build its own new ticket office building with a dual helipad, just north of Orlando Vineland Premium Outlets, and plans to avoid flyovers of a residential subdivision with vocal opponents.  But they learned...

  • Northwood Ravin needs approval of PD neighbor to build 309 apartments

    Northwood Ravin needs approval of PD neighbor to build 309 apartments

    Charlotte-based apartment community owner/operator Northwood Ravin and its Tampa-based development partner expect to apply for building permits in early 2016 for the company's first luxury complex in Orlando, just outside Vineland Premium Outlets. But they can't do that until they get a nearby...

  • Inflight Dubai skydiving attraction next in line for Unicorp's I-Drive 360

    Inflight Dubai skydiving attraction next in line for Unicorp's I-Drive 360

    Inflight Dubai, self-proclaimed as the world's largest and tallest wind tunnel for skydiving, is tentatively set as the next attraction at I-Drive 360, and would be the first of four new tenants in the southwest quadrant of the development, at the corner of International Drive and Via Mercado Way. ...

  • Destination Parkway connection delayed, now on pace for Dec. 2017 finish

    Destination Parkway connection delayed, now on pace for Dec. 2017 finish

    Plans by Orange County to complete Destination Parkway, connecting International Drive and Universal Boulevard and providing direct access to 76.34 acres of undeveloped land, have been delayed in recent months due to additional engineering work, with construction now on pace to start June 2016...

  • Sale date set by judge of Nov. 18 on 400+ acres near Universal Boulevard

    Sale date set by judge of Nov. 18 on 400+ acres near Universal Boulevard

    A sale date of Nov. 18 was set Tuesday morning on more than 400 acres of undeveloped land east of Universal Boulevard and north of Destination Parkway, arguably the most sought after property still available in Orlando's tourism corridor.  But interested buyers may not have to wait until the public...

  • Unicorp's Whittall quits ETC over group's criticism of new attraction heights

    Unicorp's Whittall quits ETC over group's criticism of new attraction heights

    Chuck Whittall, CEO of Unicorp National Developments, resigned Monday from the board of Efficient Transportation for the Community of Central Florida (ETC), a private group that lobbies for about 20 International Drive stakeholders on a range of issues, citing frustration with the group's outspoken...

  • I-4 off-ramp pitched in tourism corridor to aid Sand Lake Rd congestion

    I-4 off-ramp pitched in tourism corridor to aid Sand Lake Rd congestion

    Early-stage plans are being developed by a group of tourism corridor stakeholders to propose an off-ramp along I-4 West that would provide a new exit to alleviate congestion at the Sand Lake Road intersection.  The off-ramp could deliver highway motorists onto Turkey Lake Road in front of Orlando...

  • ComTerra's Destination Shoppes layout may conflict with I-Drive Vision Plan

    ComTerra's Destination Shoppes layout may conflict with I-Drive Vision Plan

    Estero, Fla.-based ComTerra Development Group's plan for 150,000 square feet of retail at the northeast corner of Universal Boulevard and Destination Parkway likely won't follow the standards of an I-Drive Vision Plan that could be adopted as soon as mid-December, a fact Orange County's Development...

  • Topgolf to finalize land buy on Universal Boulevard, break ground in November

    Topgolf to finalize land buy on Universal Boulevard, break ground in November

    Dallas-based Topgolf should break ground in early November on its 65,000-square-foot golf attraction on Universal Boulevard, a projected $20 million investment that will be the first major development amidst hundreds of green acres along Universal primed for acquisition within the next few years."We'll...

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