BREAKING COMMERCIAL REAL ESTATE NEWS
GREATER ORLANDO METRO
WEEK OF MAY 18, 2020
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5 big projects that may reshape this county's landscape It's been 15 years in the making, but the sounds of hammers and drills may soon be heard on a 30-plus acre site in Seminole County. New York-based RD Management LLC plans to start work later this year on redeveloping the former Jai Alai site near Semoran Boulevard and U.S. 17-92 in Casselberry... |
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These retailer bankruptcies may affect 15+ local stores U.S. national retailers continue to struggle in the wake of Covid-19 as stay-at-home orders have evaporated revenue, shuttered thousands of stores and led to millions of job losses. In recent weeks, several prominent companies have filed for Chapter 11 bankruptcy protection, which means they may resort to shuttering under performing locations. These retailers - from Gold's Gym to Sweet Tomatoes - have roughly 17 Central Florida locations Daytona Beach to the tourist corridor... |
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It may be last call for some downtown bars, nightclubs It was shaping up to be the best first quarter in nearly a decade. Then, the pandemic temporarily shuttered all of Locan Berkowitz's concepts downtown - whose Orlando Bar Group LLC owns The Basement, The Attic, and The Treehouse concepts at 68 E Pine St. Now it's been roughly two months since bars and nightclubs have been allowed to operate in Florida, with no time frame for when the state will let these businesses resume... |
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As death toll in nursing homes climbs, calls to redesign them grow Shortages of safety gear and staff. Workers who may inadvertently be carriers. A disease that preys on older people with underlying health conditions. There are many reasons coronavirus has hit nursing homes so hard. Add the design of the building to the list. With shared resident rooms off long corridors and vast dining rooms where everyone mingles, nursing homes may have been laid out to be efficient and cost effective. But these very features have also allowed the virus to spread from person to person in what Gov. Andrew Cuomo of New York called "a feeding frenzy"... |
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Proposed $500M+ project in Apopka takes next steps A highly-anticipated, roughly 100-acre project is expected to start work next year. Winter Park-based Benge Development Corp. and Gainesville-based The Colliers Cos. aim to begin horizontal construction first-quarter 2021 o$500 million-plus Floridian Tower Center mixed-use project... |
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See you later elevator: Office towers to impose restrictions Some changes to office buildings may press the buttons of employees returning to work. Office towers across Orlando - and the U.S. - are imposing restrictions to the number of people inside elevators to slow the spread of Covid-19. It's part of a number of new changes landlords and office tenants are making to ensure safer workplaces and to reduce liability... |
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Another residential tower breaks ground downtown A pandemic hasn't slowed down construction on downtown's next apartment complex. Dallas-based Mill Creek Residential announced a ceremonial groundbreaking May 14 for its 292-unit apartment project Modera at Creative Village ter starting to move dirt in February, Eran Landry, vice president of development with Mill Creek, told Orlando Business Journal. The project is expected to be completed by early 2022 in the $1.5 billion mixed-use Creative Village west of Interstate 4. It will also feature 10,000 square feet of ground-level retail... |
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