I-Drive Developments

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  • 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...

  • Sale efforts renewed for 77-acre parcel on North I-Drive thanks to clean title

    Sale efforts renewed for 77-acre parcel on North I-Drive thanks to clean title

    Two South Florida-based real estate veterans are leading a renewed effort to sell a 77-acre parcel on N. International Drive, aiding a friend who took ownership and has gone to great lengths to clean up the property's title.  Located at 5001 Vanguard St. with prominent I-Drive frontage, the 77.34...

  • Miami-based CRE group pays $3.6M for I-Drive corner, continues local asset push

    Miami-based CRE group pays $3.6M for I-Drive corner, continues local asset push

    Miami-based Orion Real Estate Group paid $3.6 million on Wednesday to expand its commercial footprint in Orlando, buying a triple-net restaurant property on N. International Drive.  Located at 6877 S. Kirkman Road, on the northeast corner of the intersection with I-Drive, the Sweet Tomatoes-leased...

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  • Investors sign fuel station chain for lot south of Artegon w/I-Drive frontage

    Investors sign fuel station chain for lot south of Artegon w/I-Drive frontage

    Owners of three undeveloped lots directly south of Artegon Marketplace with N. International Drive frontage have 7-Eleven under contract for a land lease, while their first leasee Pollo Tropical could open next week.   The owner, KMB I-Drive Investors LLC, paid $3.8 million for the 4.14 acres in...

  • Site work starts & retailers named for mixed-use on N. I-Drive, hotel talks active

    Site work starts & retailers named for mixed-use on N. I-Drive, hotel talks active

    Cincinnati-based North American Properties has broken ground on its 16.5-acre mixed-use project on the northern end of International Drive, has a new fourth tenant under contract for its initial retail mix, and is negotiating a contract for the project's first hotel, a partner with the company...

  • Golden Gate Capital pays $5.5M for 2nd Red Lobster-leased site on I-Drive

    Golden Gate Capital pays $5.5M for 2nd Red Lobster-leased site on I-Drive

    An affiliate of San Francisco-based private equity firm Golden Gate Capital paid more than $5.54 million on Monday for its second Red Lobster property in Orlando's tourism corridor.  The buyer was BER Real Estate Investments IV, LLC, which is registered at the main office of Bob Evans Restaurants...

  • 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...

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  • 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. ...

  • Universal files more detailed PD plans for I-Drive property, shows hotel towers

    Universal files more detailed PD plans for I-Drive property, shows hotel towers

    Universal Orlando filed detailed zoning plans this week with the City of Orlando for redevelopment of its Wet n' Wild property on International Drive, showing the prospective layout and design of hotel towers that would total 4,000 guestrooms.  The company filed a Framework Planned Development...

  • Visit Orlando to move visitors center next to Mango's, new parking garage

    Visit Orlando to move visitors center next to Mango's, new parking garage

    Visit Orlando will be more than doubling the footprint of its Official Visitors Center in the heart of International Drive, with plans to move from a small inline retail space to the vacant gift shop next to Mango's Tropical Cafe, and the Hollywood Plaza parking garage now under construction.  ...

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  • 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,"...

  • Starflyer developer progresses with permits, construction expected in April

    Starflyer developer progresses with permits, construction expected in April

    Developers of the Starflyer attraction planned for International Drive said Monday they're roughly a month away from breaking ground, with a December opening targeted for the $9 million project. Site owner Unicorp National Developments' president and CEO Chuck Whittall said he expects to be granted...

  • Alabama hotelier to break ground in April on new Home2 Suites near airport

    Alabama hotelier to break ground in April on new Home2 Suites near airport

    An Alabama hotel company that's opening three new hotels in Orlando's tourism corridor is gearing up to break ground on a fourth property near Orlando International Airport. Fast-growing LBA Properties, based in Dothan, has filed construction plans with the St. Johns River Water Management District...

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