ORLANDO-It all started when I talked to Carey Stiss, an attorney at Bilzin Sumberg in Miami. During our conversation, he spoke of a multifamily renaissance.
Just days later, I started to see land sales. Actually, I reported on back to back land sales in Orlando. The sites are earmarked for none other than multifamily development.
Pollack Partners purchased a 4.36-acre land parcel in downtown Orlando for $3.7 million. The price for the bank-owned property totaled about $850,000 per acre. That’s a far cry from the hey day prices. But that’s probably what makes it a feasible buy in Uptown Orlando.
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