BREAKING COMMERCIAL REAL ESTATE NEWS
GREATER ORLANDO METRO
WEEK OF JUNE 22, 2020
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Rural Seminole residents fear never-ending fight against developers with latest River Cross request Here's what it will be like when employees at Cisco, the American telecommunications equipment maker, return to the office. Before heading in each day, workers will be required to log on to a new app the company designed and answer several questions about their health. Have they had close contact in the last 14 days with anyone who has received a COVID-19 diagnosis or is suspected of having a coronavirus infection? Within the last 24 hours have they experienced chills, shortness of breath or a loss of taste or smell... |
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Church Street 'ecosystem' challenged as retailers leave Mandy Long's still in business but in recent weeks she's had to leave Church Street as the pandemic has wiped out her revenue. Late last year, Longo had opened The Floridabilt, a cafe and meeting place for her Around Orlando tour business, in downtown Orlando's historic Ferg's Depot at 78 W. Church St. It was the first tenant to open in Ferg's Depot after it was acquired for $3.6 million in August 2018 by Orlando Crazy Train LLC, an entity tied to Orlando-based Nunziata Holdings, LLC... |
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New mixed-use tower proposed for downtown New life is coming to a site that once was approved for a high-rise condo project before the Great Recession. Ontario-based The Jaymor Group has proposed developing a mixed-use tower with apartments, a hotel and ground-floor retail along with parking, according to city of Orlando documents...
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Why new office development may be on the horizon for Lake County Around 2017, Keith Kovatch formed a company with his father, Tom and friend, Boris Khovitch, to solve a problem in Lake County - a lack of Class A office space. Earlier this year, their company, Clermont-based Fifty West Realty LLC, completed a roughly 30,000-square-foot, mixed-use building at 17011 State Road 50 in Clermont after starting construction in early 2019. Keith Kovatch hopes to obtain a certificate of occupancy for the space in the coming weeks. They've recently hung the building's lettering and they're currently fine tuning the lights... |
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Convention center is big enough...now start helping Orange County's service workers The time has come to find out whether the pandemic has taught elected officials anything about the need to reorder priorities, to finally start helping the low-wage workers who make this economy tick. Orange County commissioners on Tuesday are scheduled to talk about spending some $700 million in tourist tax money to expand the county's already expansive, expensive and underused convention center.... |
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Here's why evictions are headed to Park Avenue An eviction lawsuit in Winter Park's high-end Park Avenue shopping district may be a signal more are coming, experts say, as the pandemic continues to dampen sales for retailers across Central Florida... Winter Park-based landlord Lulu I LLC has alleged its lessee Roia Inc. - which does business as cosmetics shop Elecatione at Winter Park - owes $35,828 in unpaid rent, according to documents filed to the Ninth Judicial Circuit Court of Florida. The landlord seeks to evict the tenant, which operates at 214 N Park Ave. |
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City to roll out 'green building' incentive program for developers The city of Orlando soon many further incentivize developers and new building owners to create more sustainable structures. The city is mulling a property tax rebate for new development as part of its green building incentive program... |
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Winter Park sued by developer after repealing controversial Orange Avenue Overlay District It has been a difficult few months for some small Central Florida construction-related firms as building activity slowed down. since the beginning of April, at least seven construction-related entities have filed for bankruptcy in the U.S. Bankruptcy Court Middle District of Florida. The companies were in fields such as development, concrete, custom homes, landscaping, and roofing... |
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Disney announces when more if its Orlando resorts will reopening after coronavirus closure Walt Disney World is ready to welcome back guests. Disney's Florida theme parks have been closed since March 15th because of the coronavirus pandemic, but the company announced last month that the Magic Kingdom and Animal Kingdom would be open for business July 11; Epcot and Disney's Hollywood Studios reopen July 15... |
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This is considered the 'least diverse industry on the planet.' Here's why that's not OK. About 15 years ago, John Crossman started looking for historically black colleges and universities that taught real estate classes. The former CEO had trouble finding what he was looking for, so he decided to crate his own. He began endowing scholarships and encouraging real estate programs at Florida A&M University. These classes may cost only a few thousand dollars to start, but can have long-term benefits for the black community, Crossman said... |
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