BREAKING COMMERCIAL REAL ESTATE NEWS
GREATER ORLANDO METRO
WEEK OF JULY 13, 2020
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Orange County may give $5 million to Universal Orlando for new theme park Orange County Mayor Jerry Demings and county commissioners will vote Tuesday on whether to spend up to $5 million more helping Universal Orlando build another new theme park. County leaders will also decide whether to give a tax break to an aviation firm that is backed by a multi billion-dollar corporation and is building a new facility in a development controlled by a billionaire investor, They will decide whether to spend $50,000 on soccer matches that boosters say would fill roughly 5,000 room-nights for Central Florida hotels... |
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Office Spaced - Here's how real estate needs will change due to the pandemic Each day before work, Sam Sebaali and his employees check their temperature before heading out the door. Sebaali, the owner, president and CEO of Orlando-based civil engineering firm Florida Engineering Group Inc. doesn't require his workers to wear a mask at their cubicles, But masks are mandatory when two or more employees communicate closely... |
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Demings delays convention center plan, recommends more money for sheriff's office Orange County will postpone construction of a controversial convention center expansion amid collapsing hotel tax collections and uncertainty about the future of big trade shows during and after the COVID-19 pandemic, Mayor Jerry Demmings said Monday Demings made the announcement while introducing a new county budget that includes more than $100 million in construction funding for the expansion...
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Tenants struggle to build a bridge to somewhere In the span of roughly three months, working from home has become a critical extension of Corporate America that is, perhaps indefinitely, transforming the way we look at the office. Top of mind for most companies at the moment is how to cost-effectively transition employees back from the safety and security of their homes without jeopardizing their health and metal well-being at the office. Such moves require a bevy of investments in protective gear, signage and repurposed space that, for a growing number of companies, inconveniently correspond with mounting strain on sales and revenue... |
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Substantial layoffs coming at Rosen Hotels in Central Florida ORLANDO, Fla - A major Central Florida hotel chain says it will substantially reduce its workforce due to the coronavirus pandemic. Rosen Hotels and Resorts announced Wednesday that it will be laying off workers, but did not specifically say how many employees will be let go... |
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Orlando property owner to redevelop Mills 50 buildings Anh Chau's got big plans for a hot corner in the burgeoning Mills 50 neighborhood near downtown Orlando. The vice president of Orlando-based Asian Florida Investment Co. Inc. - which owns roughly 100,000 square feet of space in the neighborhood along Colonial Drive near Mills Avenue - plans to demolish 723 N Mills Ave. and build roughly 8,800 square feet of retail and commercial space there. Meanwhile, her company also plans to redevelop nearby 1222 Woodward St. into office suites. Currently, Asian Florida Investment is seeking approvals with the city of Orlando... |
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Exclusive: Downtown Taco Bell Cantina delays opening One of downtown Orlando's most anticipated restaurant openings will be delayed more than a year. Louisville, Kentucky-based Yum! Brands Inc now plans to open its Taco Bell Cantina in early 2021 at 1 S. Orange Ave., a company representative told Orlando Business Journal. The Cantina concept offers tapas-style menu items, USB ports, and serves beer, wine and sangria, as well as the option to get Taco Bell's frozen drinks spiked with rum, tequila, and vodka... |
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Breaking: Aldi to open in Windermere German discount grocery chain Aldi will replace what was expected to be a Fresh Market grocery store in Windermere. Aldi signed a 22,000-square-foot lease at Windermere Village at 5845 Winter Garden Vineland Road... |
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2 new flex warehouse projects proposed A pair of flex industrial projects may rise in Orlando, feeding a need for this type of commercial space in the area. These two projects - proposed near the airport and tourist corridor - may cost $17.7 million to build, based on industry standards. And it's another sign of Central Florida's industrial market strength where major deals have occurred in recent months despite the pandemic's negative impact on retail and office real estate... |
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Windermere developer to build more Lake County apartments Marc Skorman can't say where it is or offer any other details. But the president of Windermere-based Skorman Development Corp. is under contract to buy land for a future apartment project in Clermont, a Lake County city west of Orlando That's after the Clermont City Council on June 23 unanimously passed several changes to increase workforce housing and remove barriers for higher-density residential projects... |
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