I-Drive Developments

  • Developer plans to demo Universal Boulevard shopping center for apartments

    Developer plans to demo Universal Boulevard shopping center for apartments

    A California-based multifamily housing developer has filed plans to convert a largely dormant shopping plaza in southwest Orlando into the 399-unit Republic Square Apartments. Legacy Partners Residential has applied with the city’s planning division to construct five buildings of four stories each...

  • Ohio hotelier pays $3.5M for I-Drive hotel pads next to SeaWorld

    Ohio hotelier pays $3.5M for I-Drive hotel pads next to SeaWorld

    Toledo-based Key Hotel and Property Management paid $3.5 million on Dec. 27 for a 6.2-acre site on International Drive that's within walking distance to SeaWorld and Discovery Cove.  Orange County approved a development plan in September for a pair of hotels on the site. With full access to I-Drive...

  • Charlotte firm enters Orlando market via $26M I-Drive purchase

    Charlotte firm enters Orlando market via $26M I-Drive purchase

    A Charlotte-based CRE firm with commercial properties throughout Florida entered the Orlando market with the purchase of the International Drive Value Center. Collett paid $26 million for the shopping center, which abuts the Fun Spot amusement park on one side and Artegon Mall on the other. The...

  • City may order shutdown of car museum at Artegon for zoning violations

    City may order shutdown of car museum at Artegon for zoning violations

    The South Florida billionaire who dreamed of converting the former Artegon Marketplace into an entertainment venue and museum showcasing his vast car collection could be shut down by the City of Orlando because of zoning and code violations.  Miami-based Dezer Development paid $23.75 million in...

  • Flournoy Partners secures financing for new Universal Boulevard apartments

    Flournoy Partners secures financing for new Universal Boulevard apartments

    With the financing in place for a new luxury apartment complex on Universal Drive, Flournoy Partners has begun sitework and expects to deliver the first units in late 2019. "We intend for this to be a best-in-class asset with an outstanding resort pool and amenities," President Jake Flournoy told...

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  • Riviera Point seeks more Orlando hotel land while building first two I-Drive assets

    Riviera Point seeks more Orlando hotel land while building first two I-Drive assets

    Miami-based Riviera Point Development Group is scouting Greater Orlando for new hotel development sites now that construction is underway on its first two along S. International Drive, drawn to build more to keep pace with a 2021 portfolio goal.  Located at 11551 I-Drive less than three miles from...

  • I-Drive restaurant sues landlord over lack of protection for contracted parking

    I-Drive restaurant sues landlord over lack of protection for contracted parking

    A leading restaurant tenant in the I-Shops shopping center along International Drive is suing landlord Unicorp National Developments, claiming the developer hasn't protected its contractually guaranteed parking spaces -- a key factor in its choice to lease some of the most expensive retail property...

  • Orange County seeks design consultant for OCCC meeting rooms revamp

    Orange County seeks design consultant for OCCC meeting rooms revamp

    The Orange County Convention Center is seeking a design consultant to help thoroughly renovate the meeting rooms of its West Building, according to a Request for Proposals (RFP) issued this week. The OCCC's West Building has meeting rooms on its first four levels that were built during expansions...

  • Brazilian restaurant chain to enter U.S. market via North I-Drive

    Brazilian restaurant chain to enter U.S. market via North I-Drive

    A popular Brazilian restaurant chain will make its U.S. market entry here in Orlando on International Drive. Marcelo Barcia will open his 12th Boteco do Manolo restaurant in the former Tilted Kilt building just north of Sand Lake Road. He signed a 10-year lease with renewable options for the second-generation...

  • ContraVest pursues lakefront apts site from Egyptian seller along South I-Drive

    ContraVest pursues lakefront apts site from Egyptian seller along South I-Drive

    Altamonte Springs-based multifamily developer ContraVest has part of a 51-acre lakefront parcel under contract along S. International Drive, with the Egyptian land owner retaining the balance for future commercial and hospitality development options. The builder and manager of market-rate apartment...

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  • Sun Vista buys two hotels in heart of I-Drive w/land to expand, renovations planned

    Sun Vista buys two hotels in heart of I-Drive w/land to expand, renovations planned

    Affiliates of Orlando-based Sun Vista Hotels paid a recorded $39.5 million on Wednesday for two independent hotels in International Drive's convention center district, with plans to rebrand with national flags and embark on a multimillion dollar renovation.  The company also bought an adjacent...

  • NY investor pays $16.2M+ for triple-net restaurant site on I-Drive

    NY investor pays $16.2M+ for triple-net restaurant site on I-Drive

    A New York-based private investor paid $16.245 million last week to enter the Orlando market, buying a triple-net retail asset from Darden Corporation on International Drive.  Located at 8849 I-Drive, the 2.5-acre parcel features a Bahama Breeze restaurant built in 1996 with 8,928 square feet of...

  • Rio de Janeiro-based music venue & restaurant plans 2nd location on I-Drive

    Rio de Janeiro-based music venue & restaurant plans 2nd location on I-Drive

    The owners of one of Rio de Janeiro's most popular rock and roll live music venues are preparing to open a second location on Orlando's International Drive, leasing a shuttered restaurant site that lies amongst a handful of South American hotel investments.  Located at 7308 I-Drive, the 7,500-square-foot...

  • Architecture firm for iSquare project wins arbitration for $1.3M+ in unpaid fees

    Architecture firm for iSquare project wins arbitration for $1.3M+ in unpaid fees

    An architecture firm working on the long-proposed iSquare Mall + Hotel on International Drive has nearly $1.4 million owed to it according to an arbitrator, and is seeking enforcement by an Orange County judge that gives the option of placing liens on the developer's assets. HKS Architects filed...

  • Harbor Group pays $64M+ for 3rd Orlando-area new Class A apts asset

    Harbor Group pays $64M+ for 3rd Orlando-area new Class A apts asset

    Virginia-based commercial real estate investors Harbor Group International paid $64.5 million on Monday for its third multifamily property in Greater Orlando bought in the past 18 months.  Located at 7261 Crossroads Garden Drive, the 314-unit former Alexan Crossroads apartments anchors a main 12.73-acre...

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  • Construction near for Wyndham Garden on American Way, lender unsettled

    Construction near for Wyndham Garden on American Way, lender unsettled

    Californian real estate investor Chih "John" Yuan Yu could break ground in the third quarter on a 137-key Wyndham Garden hotel set off the northern end of International Drive, and is still negotiating with lenders for much of the estimated $20 million development cost, his broker and project manager...

  • Schulte Hospitality pays $23.6M+ for Castle Hotel on I-Drive

    Schulte Hospitality pays $23.6M+ for Castle Hotel on I-Drive

    Louisville-based hotel owner-operator Schulte Hospitality Group paid more than $23.6 million on Tuesday to enter the Orlando market, buying the 214-key Castle Hotel in the heart of International Drive.  Located at 8629 International Dr. just south of I-Drive 360, the property lies across Universal...

  • Hyatt plans new $2M+ amenity investment for Regency hotel on I-Drive

    Hyatt plans new $2M+ amenity investment for Regency hotel on I-Drive

    Hyatt Hotels Corp. is planning to invest $2 million or more later this year at the Hyatt Regency Orlando-International Drive to build a new 24-hour market, making it one of the first hotels for a new amenity being rolled out over the next few years across 160-plus Regency properties worldwide. ...

  • AD1 Global has land under contract for two hotels near SeaWorld & I-Drive

    AD1 Global has land under contract for two hotels near SeaWorld & I-Drive

    Hollywood-based hotel owner-operator AD1 Global has more than 5 acres under contract southeast of SeaWorld, with early plans for a dual-brand property of 300-plus rooms, lead executives with the company told GrowthSpotter.  Based just off the southeast corner of Central Florida Parkway and International...

  • Phoenicia Development preps new inline retail space for South I-Drive

    Phoenicia Development preps new inline retail space for South I-Drive

    Citing high demand for small tenant space at its Orchid Bay Plaza shopping center on S. International Drive, Orlando-based Phoenicia Development is pushing forward with plans for a new inline retail building directly south and could sell nearby hotel pads by July, the company's CEO told GrowthSpotter. ...

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  • I-Drive hotel owner has prime commercial outparcel, looking for CRE broker

    I-Drive hotel owner has prime commercial outparcel, looking for CRE broker

    Tampa-area hotelier Ben Mallah is still in the market for a local CRE broker to help him "find the right fit" for an outparcel he's creating in front of the  Four Points by Sheraton Orlando on North International Drive. "Calling all brokers," Mallah told GrowthSpotter on Monday. "I don't care if...

  • Universal seeks Wet n' Wild site redevelopment for 4,000 hotel rooms

    Universal seeks Wet n' Wild site redevelopment for 4,000 hotel rooms

    Universal Orlando filed a framework master plan on Monday to redevelop its shuttered Wet 'n Wild property with up to 4,000 hotel rooms. Located at 6200 International Dr., 64.6 acres that make up the former water park property lie across nine contiguous parcels, with 23.65 acres for the water park...

  • Hilton Orlando owner buys nearby land to retain water, free up pond for infill

    Hilton Orlando owner buys nearby land to retain water, free up pond for infill

    An affiliate of RIDA Development Corp., owner of the 1,418-room Hilton Orlando on the corner of Destination Parkway and International Drive, paid $3.85 million on Friday for an adjacent six acres, where it plans to divert the hotel's stormwater retention and free up more than 2 acres on the hotel...

  • Orange County Public Schools has South I-Drive site under contract

    Orange County Public Schools has South I-Drive site under contract

    Orange County Public Schools has 20 acres under contract for a future elementary school on the southern end of International Drive, drawn to invest in the tourism corridor as a growing number of new apartments there attract and retain families.  Located in the 13000 block of South I-Drive and southeast...

  • Mexican restaurant chain, cigar lounge new to Orlando planned at I-Drive 360

    Mexican restaurant chain, cigar lounge new to Orlando planned at I-Drive 360

    Irving, Texas-based Mexican restaurant chain Uncle Julio's is planning its first Central Florida location on International Drive, with construction underway on the building shell at I-Drive 360.  "They're someone we've been talking to for quite some time, it will be a very cool Mexican restaurant,"...

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