An entity tied to Orlando-based real estate company Phoenicia Development just filed plans to build a commercial marketplace in Orlando’s I-Drive tourism corridor.
The proposed project, called International Drive Market, is part of larger plans by the developer and leasee Nabeel Ansari to bring more activity to the 1.77-acre property at 8969 International Dr.
In 2016, the partners teamed up to build the flagship location of the indoor skydiving attraction, iFLY Orlando, with intentions to later develop any remaining land.
According to a recently submitted Preliminary Review Item application, the partners are reviewing what can possibly be built on the property.
Early conceptual plans include building a roughly 11,700-square-foot commercial building with an expansive second-floor rooftop terrace.
Occupational uses for the building listed in plans include mercantile, assembly and business. Early plans show more eight tenant-retail spaces, with a majority averaging about 8,640 square feet.
Orlando-based KLPNstudio LLC is the planner and architect. William Edward Construction is the assigned general contractor.
Ansari and representatives with Phoenicia Development were not immediately available to comment.
Ansari once owned the former Hawaiian Rumble Adventure Golf attraction at the location. He is also the applicant for the most recently submitted plans and owner of N+A Consultants LLC.
He previously told GrowthSpotter he holds a long-term ground lease for the site and procured the Letter Of Interest from IFLY Orlando. The one-story attraction was built in 2017 and features two 35-foot wind tunnel tubes inside.
Project’s in the pipeline include Universal Orlando’s Epic Universe theme park, located east of I-Drive and between Sand Lake Road and Universal Boulevard.
Close to that, Wallack Holdings LLC is planning a $500 million Skyplex entertainment complex, that’s set to feature the world’s tallest rollercoaster.