The developer of the proposed Vertical Medical City in downtown Orlando has filed a Master Plan application with the city for the mixed-use medical tower in the North Quarter District.
Ponte Health CEO Tabitha Ponte told GrowthSpotter the firm is negotiating a 100-year land lease for the roughly 2.5 acres at 1000 N. Orange Ave. The site is bounded by the SunRail tracks and Orange Avenue on the east, Marks Street to the south and Garland Avenue on the north and west.
The application indicates the project would be a mixed-use high rise tower with offices, ground floor retail, an assisted living facility and incorporated parking. Ponte said the tower would be 35 stories; the project previously received FAA approval to build up to a maximum height of 444 feet.
Jacobs is the lead architect and engineer, led by Principal Dan Kirby.
The firm expects to complete foundations testing by October, Ponte said. She said the goal is to begin site development in January with delivery of the structured parking, ALF and streetscape with public plazas in 2023.
Ponte declined to discuss the project budget, which was previously reported at $1 billion, proposed uses or the phasing.
The property is owned by Mustang Orange Garland LLC, an affiliate of south Florida businessman Aaron Cherba, which bought the land in 2005 for $3 million.
The vacant lot formerly housed the Braun Cadillac dealership, but it was demolished in 1994. A proposed office tower and multifamily project submitted in 2006 never advanced beyond the application stage.
Ponte had previously targeted a parking lot at the corner of Garland and W. Washington Street, but the company never placed the site under contract.