Archive for the ‘Current Condo Developments’ Category
The down turn in the real estate market is still being felt almost 3 years after it’s inception. The downtown luxury condominium complex called the Star Tower has filed for bankruptcy.
The 18 story complex has less than half of it’s 100 units sold after 5 years of being on the market. The price of these condos ranged from $500K – $2mil while the market was hot. Recent 2/2 units have sold as low as in the $200K range as the effects of foreclosure set in.
If you are looking for a quiet luxury arrangement, now is your time to start your research!
Finally a tennant has moved into the retail space below the Vue on Rosalind and Robinson. The law firm of Stovash Case & Tingley are occupying the once, vacant for months, space. They moved from the main Central Business District area (previous office was in the Sun Trust Tower CBD) in to the space which is near the edge of the main business sector.
The 30+ employee law group will have rights to use the facilities of the Vue including the gymnasium, and swimming pool.
Some nice perks if you ask me!
For those of you DT’ers who are into gogo tequitos and slurpees, your late night cravings can soon be be satisfied conveniently… Right from the heart of Church Street.
According to the Orlando Sentinel, the 2800 Sq Ft retail area has just been completed downtown and a 10 year lease has been signed off on by 7 Eleven.
We should see this new store fully operational by mid/late Fall 2010 just in time for Magic basketball season.
Downtown Darryl can be your best resource(along with this website of course!) in getting information on any of the pre-existing or new condo developments in the downtown area. I had the pleasure in meeting him a few weekends ago and took a look at some Solaire units. He is very knowledgeable, down to earth, and he will work hard to get you where you want to be. If you’re looking to buy or sell in the downtown area, this is the guy to go to…the name says it all!
You can view his website here: www.downtowndarryl.com
More on this story on the Orlando Sentinel…
C/O CB Richard Ellis:
On MONDAY, DECEMBER 15th
Orlando’s City Council will have a crucial vote on the Plaza.
On the agenda is the Community Redevelopment Agency’s presentation to complete the first Downtown Orlando Movie Theater!
We are introducing a one-of-a-kind, entertainment concept within the Orlando/CentralFlorida Region…and a new destination for Downtown!
Please come and show your support!
2:00 MONDAY, DECEMBER 15th
Council Chambers on the 2nd floor of City Hall, 400 South Orange Avenue
The new Plaza Owner is committed to making this project a success, but needs your help to show City Council that a Downtown Movie Theater is good for business.
Projections for the Plaza Theater are that it will attract approximately 600,000 people to Downtown Orlando each year. The indirect spending and jobs which flow from these visitors is significant…over $12 million annually by one conservative estimate. This could result in the infusion of millions of dollars to other businesses in downtown Orlando and the surrounding community.
For more information, on this unique theater, please download the attachments below.
The Plaza Theater will help to further define the downtown area and connect people to the heart of this up and coming city. Please show your support.
2:00 MONDAY, DECEMBER 15th
Council Chambers on the 2nd floor of City Hall, 400 South Orange Avenue
We look forward to seeing you there.
Please contact Bobby Palta or Wood Belcher if you have any questions:
Bobby.palta@cbre.com
407 839 3124
Wood.belcher@cbre.com
407 839 3110
Thank You.
The Orlando Sentinel Reports today that the developers/owners of the Plaza Theater plan to work with the City of Orlando to continue moving forward on a plan to finally open the theater. For those of you that have been following this since the plaza opened up back in 2007…it all sounds eerily similar to talks we’ve heard in the past.
According to Orlando Mayor Buddy Dyer, the theater will bring needed prosperity to the Plaza and surrounding businesses. I think he’s right in saying that the economic development of this area (CBD) could get a boost from the theaters presence but the “Special Tax” is what concerns most. The plan says it will tax the parking garage and plaza businesses in order
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In the past few months (almost years it seems) we have seen the likes of the proposed Plaza 12-screen movie theater follow the ups and downs of the overall real estate market. It was ready to go, then it wasn’t, then it was, and again…it wasn’t. Well I am here to report that it looks like there is life once again…maybe. LOL
That is if the $2.5 million and $3.5 million incentive package from the City of Orlando holds up. This is a loan that the city would provide and would be paid back with theater profits. Anyhow, I’m tired of writing so I’ll just link you to the article on the Orl Sentinel…Thanks.
More Downtown Movie Theater Talk Here!!!
The Lexington Hotel located on SR 50(Colonial Drive) just West of I-4 will be grounds for the latest Orlando branch chain of Crowne Plaza hotels. InterContinental Hotels Group, which is the parent company to Crowne Plaza, mentioned that it hopes to attract and lure travelers of Central Business District companies. The facility will be used to host small to mid size meetings in the downtown Orlando area. Plans are to add approximately 1,500 square feet
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As you may know from reading up on the downtown movie theater subject, there has been significant speculation of what would happen since The Plaza officially opened in early ’07. We heard that one movie company picked it up and then dropped it. Then we heard that the large and reputable AMC Company picked it up
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