GreenTree readies plan for $300M Orlando infill redevelopment
Local developer Timothy Green has spent much of the last year assembling nearly two city blocks adjacent to downtown Orlando’s Amway Center and says he will submit plans in October for a $300 million mixed-use entertainment district that highlights the neighborhood’s rich cultural heritage.
The infill redevelopment could ultimately add more than 1.5 million square feet of mixedincome housing, retail, an office tower and a hotel across nearly 12 acres in the Parramore neighborhood.
Green has enlisted UrbanAmerica, one of the nation’s largest minority-owned real estate investment and development firms, as co-developer. The firm focuses its efforts on bringing quality development to distressed inner city neighborhoods.
Green said he’s already held a pre-application meeting with city staff and is in negotiations with Orlando Housing Authority, which manages two properties that would be involved.
“Our goal is to keep all residents in the new development, while providing them with new amenities,” Green said. grown up together, and in many ways we have. The land-use codes, laws and processes have changed dramatically during that time,” she said. year after the closing, Osceola County condemned all six buildings and gave tenants 30 days to move. ated high-value jobs by successfully targeting graduates of universities in outside its metro region -- including Duke, North Carolina and North Carolina State. Orlando, conversely, has a net loss of University of Central Florida graduates each year.
Health care ranks as the No. 3 user of office space in the U.S., Levy said, who pointed to forecasts that it will become the top user in coming years. Officebased job growth creates highvalue jobs, he said.