The $53 million, four-acre enterprise is being developed by Bank of America's community development group, Trammell Crow Co., Orlando Neighborhood Improvement Corp. and St. Joe Commercial.
The developers say they would not have attempted the undertaking without the total $28 million in city-county incentives, the largest financing package local government has given to any commercial proposal.
"We think it is the best investment local government has ever made on anything," a city of Orlando staffer tells GlobeSt.com on condition of anonymity.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
