ORLANDO-Two years under construction, the $250 million, 1.3 million-sf, 405-acre retail extravaganza in southwest Orlando is triggering a an estimated $3 billion mixed-use venture nearby that will encompass two million sf of office, one million sf of retail and three hotels totaling 1,000 rooms. Buildout is expected by 2008.
ORLANDO-But I.E.Y. Real Estate Investments Inc. of Lauderhill, FL doesn't plan to begin the facelift for a proposed 176-room hotel at State Road 19 and U.S. 27 South until fall 2003 in the commercially hot South Lake market where demand for new hospitality projects is strong, brokers tell GlobeSt.com.
ORLANDO-The theme park is fighting to keep a $1.4 million exemption it has enjoyed since 1999, arguing the land is undeveloped and being used to grow $520,000 worth of pine trees.
ORLANDO-The president of NAIOP's Central Florida chapter tells GlobeSt.com new lease demand in the industrial real estate market is weak while renewals are at a record high as tenants go for shorter terms, holding off expansion plans.
ORLANDO-The 93-year-old, cattle-raising Osceola County city of 20,777 permanent residents has contracted to pay $8 million or $15,238 per acre (35 cents per sf) for the 525-acre Stevens Ranch where high-end residential and an undetermined amount of retail/commercial are planned by 2005.
ORLANDO-New Plan Excel Realty of New York and Sembler Co. of St. Petersburg, FL are demolishing the 30-year-old, 927,000-sf enclosed retail center in Clearwater, FL and replacing it with a 788,000-sf open-air shopping site next fall.
ORLANDO-Subleased space has swollen to 969,960 sf while worst-market honors in metro Orlando fall to the southwest sector with a 29% vacancy, Cushman & Wakefield of Florida Inc.'s newest study shows.
ORLANDO-The president of NAIOP's Central Florida chapter tells GlobeSt.com new lease demand in the industrial real estate market is weak while renewals are at a record high as tenants go for shorter terms, holding off expansion plans.
ORLANDO-The 70-year-old, Orlando-based plumbing company executive, who had planned to retire at 43, is investing $4 million of his own money into The Castle, a 30,000-sf combination reception/meeting hall/exhibition area in Mount Dora, FL, 28 miles northwest of Downtown Orlando.
ORLANDO-Hapimag of Baar, Switzerland, is banking on international tourists to fill its $20 million, 18-building, 100-unit townhouse community at Lake Berkley, just off U.S. 192 in Kissimmee, FL, 20 miles south of Downtown Orlando.
