Orlando-based design-build firm Interstruct is growing its footprint in Parramore, a historically low-income neighborhood in Orlando that’s rapidly changing.
The company purchased a potential development site next to its future headquarters building at 814 W. Church St., which is currently being re-adapted from its current old warehouse condition into a new modish office space.
According to the deed recorded in Orange County, the firm paid $637,500 for the adjacent vacant, quarter-acre lot. Interstruct’s assemblage now spans about three quarters of an acre along Church Street.
In total, the company spent a little more than $1.6 million for the properties.
Matthew Weinberger with Millenia Partners helped broker the deals.
Interstruct CEO Ryan Young told GrowthSpotter the acquisitions express the company’s strong belief in the future and success of the neighborhood.
“We are vested in the neighborhood,” Young said. “We have always believed in downtown and have actively participated in its growth since 2001."
The firm began its practice in a small office in downtown Orlando at 100 E. Pine Street.
"Just as we believed in the Central Business District (CBD), we feel our next greatest contribution will be to the west side of town and that is why we chose Parramore to call home.”
Interstruct recently fixed the roof of their future HQ building and plan to apply for the facade grant with the city and spend over $750,000 on the total renovation.
“We will be adding 1,000 square feet of mezzanine space and carving out 1,200 square feet for retail space fronting West Church Street,” Young said. Design and construction plans will be submitted in the city this month.
As for the future of the lot next door, Young said those details are still being worked out.
“We are actively engaged in conceptual design for the corner building,” Young said. “The zoning allows for multiple uses so we are exploring highest and best use for the site.”
He said the company is exploring the idea of developing a 50,000-square-foot office building with retail space on the ground floor and a landscaped roof deck above. Parking would be integrated with the neighboring building.
The area has seen a number of high-brow developments come to fruition over the past several years.
Nearby is the $155 million Orlando City soccer stadium known as Exploria Stadium, which opened in 2017.
Near the stadium, Boca Raton developer David Hirschfeld is planning a 17-story tower that will feature micro-unit apartments.
Interstruct has provided design or construction services to many of the new or planned establishments in downtown Orlando.
Examples include the headquarters building for Net Conversion, an internet marketing and analytics company at 141 N. Magnolia Avenue.
The firm also transformed the former Harley Davidson building into the flagship showroom for Paradise Grills, located on the west side of I-4, just south of downtown Orlando.
In addition, Interstruct is part of the project team for Lincoln Property Company’s 16,000-square-foot food hall called Bumby Arcade.