Sydgan Corp. is pursuing plans to entitle about 18 acres of land north of Winter Park’s Ravaudage community with allowances to build up to 431 apartments and nearly 188,000 square feet of commercial space.
The seller bought the property about seven years after Universal Studios in Orlando opened in 1990. Today, the hotel stands to benefit off its location on Kirkman Road, which is being extended to pass through Universal Orlando’s planned Epic Universe theme park.
One office property was snapped up by a Miami-based investment platform called Black Salmon. The company was launched in 2017 with a promise to spend up to $300 million in commercial real estate in two years.
The Maitland-based developer just completed the final of a series of four property takedowns with plans to develop a mixed-use project with luxury apartments and over 200,000 square feet of retail, restaurant and entertainment space.