I-Drive Developments

  • Timeshare expansion at Wyndham's Worldmark I-Drive resort underway

    Timeshare expansion at Wyndham's Worldmark I-Drive resort underway

    Wydham Destinations breaks ground today on a multi-million dollar expansion and renovation of its Kingstown Reef Resort on Orlando's International Drive scheduled to open in late 2020. The two 4-story buildings will comprise 87 new timeshare units, more than doubling the size of the existing Florida...

  • ComTerra plans EVEN and Staybridge Suites hotel along Universal Blvd.

    ComTerra plans EVEN and Staybridge Suites hotel along Universal Blvd.

    Estero-based ComTerra Development Group is progressing on its 20-acre Destination Shoppes at Universal mixed-use project with the introduction of a dual-branded EVEN and Staybridge Suites hotel.  According to a Development Plan application filed with Orange County on Tuesday, the developer wants...

  • Developer opts out of hotel use for I-Drive corridor land, plans apartments instead

    Developer opts out of hotel use for I-Drive corridor land, plans apartments instead

    The owner of a plot of land in Orlando's I-Drive corridor is reconsidering the plan to build a new 1,200-key hotel, and instead opting to build an apartment complex. According to a Land Development Plan submitted in Orange County last week, developer Kevin Fitzpatrick is looking to build up to...

  • W.P. Carey pays $23.3M for high profile corners on I-Drive tourism corridor

    W.P. Carey pays $23.3M for high profile corners on I-Drive tourism corridor

    Net lease investment REIT W. P. Carey exercised a 5-year-old option agreement this week and closed on two key International Drive retail properties for a combined $23.3 million. Unicorp National Developments sold the Walgreens store at the corner of I-Drive and Sand Lake Road for $20 million.  ...

  • Developer files plans for new mixed-use timeshare project along South I-Drive

    Developer files plans for new mixed-use timeshare project along South I-Drive

    Developer Vincent Desai is looking to build a new mixed-use project along South I-Drive that can introduce up to 708 new timeshare units to the rapidly growing tourism sector there.  Robby Joshi of the architecture firm ARCHENICS filed a pre-app request with Orange County to discuss development...

  • Dezer files new plans for apartment complex on Artegon property

    Dezer files new plans for apartment complex on Artegon property

    The Miami billionaire-owner of the former Artegon Marketplace has filed new plans with the city seeking approvals for multifamily development on a portion of the 104-acre site. Dezer Development filed a new Framework Master Plan and Specific Parcel Master Plan this month looking to convert and...

  • Georgia hotel firm buys subdivided land near I-Drive, plans new Cambria hotel

    Georgia hotel firm buys subdivided land near I-Drive, plans new Cambria hotel

    A joint venture between Georgia-based HOS Management, and Hawkeye Hotels just paid $3 million for a parking lot in the International Drive corridor with plans develop a new hotel under the Choice Hotels' Cambria brand. A representative from HOS Management said they plan to break ground on a 140-room...

  • 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...

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  • Rosen Hotels pays $24M+ for two properties next to Rosen Centre

    Rosen Hotels pays $24M+ for two properties next to Rosen Centre

    Affiliates of Rosen Hotels & Resorts paid a combined $24.3 million or more on Thursday for two small aging hotels off International Drive that neighbor its Rosen Centre Hotel, which the seller told GrowthSpotter will likely be demolished for new construction. The properties include the 4.15-acre,...

  • Wyndham timeshare resort on I-Drive to double footprint w/Phase 2 expansion

    Wyndham timeshare resort on I-Drive to double footprint w/Phase 2 expansion

    Orlando-based Wyndham Resort Development Corp. is planning to double the size of one of its local WorldMark timeshare resorts with an 87-unit expansion, but will introduce a second brand in the process. Located at 12000 International Dr., the Wyndham Orlando Kingstown Reef Resort is one of two...

  • Taiwanese investors pursue final phase of Vista Cay Resort vacation condos

    Taiwanese investors pursue final phase of Vista Cay Resort vacation condos

    A pair of Taiwanese investors by way of Ormond Beach want to build out the final phase of short-term rental condominium buildings at Vista Cay Resort, set between the Orange County Convention Center and Universal Boulevard.  Yun-Chung Hsueh and Hsiu Lan Tu, who split time between Vancouver and...

  • Brazilian developer files plan for new BW Glo hotel on site near I-Drive, outlet mall

    Brazilian developer files plan for new BW Glo hotel on site near I-Drive, outlet mall

    A U.S. affiliate of Brazilian developer QDI filed plans Monday for its second hotel property in the International Drive corridor, where it would introduce Best Western's new boutique midscale flag GLō to the market. The company is now interviewing general contractors and commercial lenders for...

  • Miami developer swaps in new flag for dual-hotel project on South I-Drive

    Miami developer swaps in new flag for dual-hotel project on South I-Drive

    Miami-based Riviera Point Development Group is on pace to break ground in the fourth quarter on the first of two neighboring hotels on S. International Drive, and has swapped in a new flag for the second property that will be new to Greater Orlando. The developer filed for an environmental resource...

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  • 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...

  • 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. ...

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  • 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.  ...

  • Artegon owner preps own mixed-use redevelopment concepts for I-Drive mall

    Artegon owner preps own mixed-use redevelopment concepts for I-Drive mall

    New York-based Lightstone Group is working with VHB, Inc., on its own mixed-use redevelopment plans for the 104-acre Artegon Marketplace property on N. International Drive, after nearly nine months of marketing the asset for sale.  Envisioning a mix of retail-commercial, hotels and multifamily...

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