ORLANDO-Determined not to take on debt to build his visionary 18-story, 200,000-sf, 293-foot-high Majesty Office Building at Cranes Roost Park in suburban Altamonte Springs, FL, religious television entrepreneur Claud Bowers is appealing, instead, to his followers to help pay for the $40 million venture, a source close to the deal tells GlobeSt.com.

Majesty was originally scheduled for completion in May of this year at an estimated development cost of $200 per sf. The building’s steel skirt is at the 14-story level with no interior construction under way.

The highly visible project off Interstate 4 has been planned for the past eight years. When completed, the tower would be the tallest edifice in Seminole County, seven miles from Downtown Orlando.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.