Highwoods To Build $100M Venture

ORLANDO-Highwoods Properties Inc. is adding another 180,000 sf to its one-million-sf portfolio with the planned year-end ground-breaking of Capital Plaza III. The 15-story building will contain 180,000 sf of class A space.

The new structure will complement the Raleigh, NC-based developer’s existing, same-size Capital Plaza I and II buildings and a 167-room Embassy Suites hotel at the East Pine Street complex. About 15,000 sf of retail will also be developed in the office building.

The new spec-built office space is only one component in a planned $100-million, mixed-use undertaking Highwoods and Orlando hotelier Richard Kessler plan for the 2.2-acre site at the southeast corner ofRosaline Avenue and Pine Street.