BREAKING COMMERCIAL REAL ESTATE NEWS
GREATER ORLANDO METRO
WEEK OF MARCH 23, 2020
|
Architect, general contractor needed for 1.5M SF project near Disney The developer of a massive proposed industrial project plans to break ground in July - despite uncertainty in the real estate market due to coronavirus. Jackson, Mississippi-based EastGroup Properties Inc. expects to start on two, 100,000-square-foot buildings in its Horizon West Commerce Park, a 1.5 million-square-foot industrial distribution project near Walt Disney World, said Chris Segrest, a managing director at Est Group Properties... |
|
|
|
Breaking: Florida imposes more biz restrictions - but also allows eateries to deliver alcohol The latest order from Florida Gov. Ron DeSantis changes how the region's restaurants will operate in the current coronavirus situation. An executive order issued March 20 orders all restaurants statewide to "suspend on-premise food consumption for customers." However, it still allows the restaurants to operate kitchens to fulfill delivery or take-out service. The changes also allow restaurants to deliver alcoholic beverages in a sealed container as part of a food sale in the same order... |
|
$60M project proposed near I-Drive A Wellington apartment developer has its eyes on another International Drive site. Bainbridge Cos. seeks approvals to build the Bainbridge at Sand Lake, an estimated $59.9 million, 330-unit, five-story apartment complex at 7575 Universal Blvd. on 13.2 acres, Bob Thollander, Bainbridge's president of development, told Orlando Business Journal. "It's a prime site because it's well located near new growth and jobs"... |
|
|
Publix and Walmart to hire thousands to meet demand fueled by coronavirus Florida's two biggest grocers plan to hire thousands of workers throughout Florida and the Southeastern U.S. to meet customer demand during coronavirus outbreak. Publix Super Markets Inc. and Walamart said they have ramped hiring to meet unprecedented demand... |
|
What's next for this 'phenomenal' Winter Park site Winter Park's approval earlier this month of more intense development on 75 acres has created buzz in the community - particularly for one property owner. Developers have expressed verbal interest in DI Partners LLLP's 4.2 acres southeast of Fairbanks Avenue and Denning Drive, which has been owned by the Holler family for more than 50 years, sources told Orlando Business Journal. The parcel was approved for more intense development, particularly for apartments, and has been eyed for redevelopment for years. But past proposals ran into roadblocks due to the city's previous code, which didn't allow for a mix of uses on the site... |
|
|
Filling The Void Around 2017, city of Orlando officials and real estate executives pitched downtown as the future headquarters of major food-service provider Aramark Corp. Things were looking up. Orlando was the last city standing for Philadelphia-based Aramark to relocate its corporate campus. Plus, it was a sunny day and an Aramark truck even passed by the lawn next to the Dr. Phillips Center for the Performing Arts, where the campus was proposed, according to real estate sources... |
Breaking: Regional HQ to move downtown, build new office A state lobbying group plans to move its downtown Orlando offices after scooping up land for new construction. Florida League of Cities Inc. expects to move 68 S. Ivanhoe Blvd. E. following its purchase of 1.6 vacant acres for $7.5 million on March 16, according to Orange County records. Orlando-based developer Upshot Capital Advisors LLC's Upshot 68 South Ivanhoe LLC was the seller. Orlando-based Jamison Commercial marketed the property. Orlando-based Foundry Commercial's Gabe De Jesus represented the buyer in the deal... |
|
|
|
