Orlando could get five new skyscrapers
Orlando city planners have held preliminary meetings recently with developers looking to build as many as five new high rise towers in the city’s Central Business District, according to a report in GrowthSpotter.
The proposals run the gamut of uses with various mixes of hotel rooms, apartments, condos, offices and retail. Heights range from 17 to 33 stories.
With the economy booming and major projects like Church Street Station and the Dr. Phillips Center expansion in the home stretch, the downtown property market is white-hot.
Lincoln Property Company’s next phase of its massive Church Street Station development is poised to move forward. As it wraps up the first phase, SunTrust Plaza, the developer has already sought demolition permits for the neighboring Orchid Garden & Ballroom at 225 S. Garland Ave., just north of the first tower.
Summa Development Group, which completed the 233-unit Citi Tower at 200 Lake Ave. in 2017, is eyeing an assemblage of land just across the street for a new mixed-use tower. The new project is dubbed The Summit Radisson, according to preliminary documents provided by the developer and architect, BKV Group.
Boca Raton developer David Hirschfeld also held a pre-application meeting with the city in July to share preliminary plans for a 17-story mixed-use tower in Parramore, at Central Boulevard and Division Avenue, across from the proposed Orlando Magic Sports & Entertainment District.
RDIP’s Susan Morris is marketing another downtown site at 401. S. Rosalind Ave. that’s been getting significant development interest. The 1-acre site directly behind the Dr. Phillips Center for Performing Arts is currently on the market for $8.2 million.
To read more about this story and other projects in early development stages, go to GrowthSpotter.com