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Orlando City scoops up downtown parcel for $6M

Orlando City scoops up downtown parcel for $6M
The 2.08-acre parcel highlighted in blue was bought by Orlando City Soccer Club on July 1 from a private owner, roughly one-fourth of the proposed site for its future soccer stadium. (Orange County Property Appraiser)

Orlando City Soccer Club spent an estimated $6 million on July 1 to buy the only privately owned parcel on W. Church Street that lies in the footprint of its future stadium, according to county deed records.

The 2.08-acre parcel, located at 655 W. Church St. on the corner with N. Parramore Avenue, was formerly owned by Northbrook Properties Inc., a local affiliate of real estate investor Bixby Bridge Capital out of Northbrook, Ill.

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The stadium's footprint will encompass 10.58 acres across 12 parcels that lie between W. Central Boulevard, W. Church Street, Glenn Lane to the west, and a point midway between N. Parramore Avenue and S. Terry Avenue to the east.

Eleven of those parcels are city-owned. Orlando City Soccer spokesman Lenny Santiago told GrowthSpotter Wednesday the club is working with city government on buying the remaining land of the stadium site. Those discussions could be finalized as soon as this month, he added.

A parcel that sits in the middle of it all, the 0.44-acre Faith Deliverance Temple at 625 W. Church St., won't be bought by the soccer club and will border the stadium to its east, Santiago said.

Ten small parcels directly to the east of the church and to its north are city-owned land totaling 3.77 acres, which Orlando City may also acquire for parking or fan space. Santiago declined to discuss ongoing negotiations for city-owned property.

The estimated $6 million purchase price for the vacant two-acre parcel is based on deed taxes paid to Orange County. Santiago declined to confirm the price paid, or how the club is financing its land acquisition.

Orlando City Soccer plans to build a 290,000-square-foot stadium with 28,000 seats, at an estimated cost of $110 million. The club announced in June it would privately finance the stadium.

Construction bids for the project are set for Aug. 27, with an estimated start date of Sept. 28, GrowthSpotter reported in late June. Barton Malow Co. is the stadium's construction manager.

bmoser@growthspotter.com or (407) 420-5685

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