The owner of a Windermere-based residential real estate firm paid $1.075 million on Wednesday for adjoining buildings in downtown Orlando's Parramore neighborhood, with plans to relocate her company and redevelop the site.
Located at 1109 W. Church St. and 1110 W. Pine St., the two industrial properties total 0.33 acres with 8,900 square feet of conditioned office and warehouse space, and lie one and a half blocks west of the Orlando City Soccer Club stadium.
"We have big plans for this set of buildings there ... and were really attracted to the location and dynamic of what's happening in that area," Katherine Bordelon, partner with buyer RAKB Holdings and broker of Castle & Cottage Realty, told GrowthSpotter on Thursday.
Bordelon said she anticipates relocating to the new offices in July. The new project would align with her "business culture of collaboration, social responsibility and opportunities through creative thinking."
A component of her plans for the property will involve community engagement through her brokerage, but Bordelon declined to share further details.
Bordelon said she has adjacent property under contract at 1106 W. Pine St. She is working with interior designers and architects for renovation of the building's interior, and anticipates filing plans within the next two weeks.
The seller was an affiliate of local general contractor McCartney & Company, which has operated out of the site since 1993.
McCartney's affiliate has owned another 1.25 acres nearby since 2006, on the southeast corner of Westmoreland Drive and Washington Street with 13,431 square feet of conditioned area. The company is expected to relocate operations there.
Bordelon was the first female in Central Florida to receive the Christie's International Real Estate Luxury Specialist designation in 2015, while a sales associate with Regal Real Estate Professionals.