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Fort Myers equity firm planning downtown hotel with penthouse condos

Fort Myers equity firm planning downtown hotel with penthouse condos
Fort Myers-based Coner Capital is proposing a new mixed-use tower downtown anchored by a Radisson Blu hotel. (Baker Barrios)

Fort Myers-based Conor Acquisitions has filed plans with the City of Orlando for a new, 19-story mixed-use tower downtown that would be anchored by a 256-key Radisson Blu luxury hotel.

Radisson launched the "upper upscale" Blu brand in Europe, Asia and the Middle East, and has more than 300 hotels open or in development. The downtown Orlando hotel, located at the southeast corner of N. Magnolia and Palmetto avenues, would be one of the company's first Blu hotels in the U.S. The company currently operates Blu hotels in downtown Chicago and Minneapolis and at Mall of America.

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Conor's development team has filed applications with the city's Municipal Planning Board and Appearance Review Board for the project, described as an "iconic mixed-use high rise tower." Conor paid $2.8 million for the .58-acre property, having acquired the final parcel last November.

Coner Capital is proposing six floors of penthouse condos over the Radisson Blu hotel. The building would also have 4,250 square feet of ground floor retail space.
Coner Capital is proposing six floors of penthouse condos over the Radisson Blu hotel. The building would also have 4,250 square feet of ground floor retail space. (Baker Barrios)

Designed by Baker Barrios, the tower would feature 4,250 square feet of retail as well as the hotel lobby and back-of-house operations on the ground floor. The high-design Radisson Blu would have ample meeting space, including a ballroom and breakout areas, and an amenity deck and pool on the third level.

The top six floors of the tower would comprise 40 residential units on the "penthouse" levels.

Conor has secured off-site parking through an agreement with R&R Palmetto Avenue Ltd., which operates a private garage at 305 N. Palmetto Ave. The developer is seeking a density bonus from the city.

The property, just south of SkyHouse Orlando apartments, is now home to a one-story office building. S&ME is the civil engineer.

The Radisson Blu mixed-use tower is just south of Skyhouse Orlando apartment tower. Parking would be provided by the privately-owned garage across the street.
The Radisson Blu mixed-use tower is just south of Skyhouse Orlando apartment tower. Parking would be provided by the privately-owned garage across the street. (S&ME)

The developer, also known as Conor Capital, is a real estate investment company primarily focused on the hospitality industry that concentrates on all facets of the hotel industry, including development, construction, renovation, and property analysis.

The Radisson Blu project is one of several new mixed-use towers to incorporate a hospitality component. Church Street Tower, now under construction, will host a Marriott AC Hotel. The Orlando Magic's Sports and Entertainment District will feature hotel, office, retail and residential uses.

Other new hotels planned for downtown Orlando include a 155-key Cambria Suites at Lake Eola and an 8-story, dual-brand hotel with 240 rooms on the site of the Travelodge Orlando Downtown at the corner of Livingston and Magnolia.

Have a tip about Central Florida development? Contact me at lkinsler@GrowthSpotter.com or (407) 420-6261, or tweet me at @LKinslerOGrowth. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.

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