DOWNTOWN ORLANDO CONDOMINIUMS

DOWNTOWN ORLANDO CONDOMINIUMS

Downtown Orlando Condominiums An HOA fee means a periodic charge collected by a homeowners’ association (HOA) from each condo owner. You may also hear an HOA fee called an assessment. HOA fees cover the maintenance of the common areas and services as well as the wages of building staff; in some condos, some of your […]

Downtown Orlando Case Study

Downtown Orlando Case Study

Downtown Orlando includes over 40 commercial and residential development projects that have recently been completed or are in the works. The 246-unit Nora luxury apartment and mixed-use project in the Uptown District entered the market in 2015. NORA is located on a 2.5-acre site at the corner of North Orange Avenue and Marks Street in […]

DOWNTOWN ORLANDO BY THE NUMBERS

DOWNTOWN ORLANDO BY THE NUMBERS

Central Business District 1,000 acres Businesses 1,100+ New Residential Units 4,300 (since 2000) Traffic 175,000 AADT on Interstate 4* Parking More than 33,000 public, private and metered spaces Sports Venues 3 *Annual Average Daily Traffic Livin’ Population 43,388 Households 20,520 Average Household Income $66,242 Median Age 41.3 Education 40% college degree (associates and higher) Workin’ […]

PARCEL M APARTMENTS IN CREATIVE VILLAGE GETS FUNDING

PARCEL M APARTMENTS IN CREATIVE VILLAGE GETS FUNDING

According to a release out of Creative Village, funding has come through for their first market-rate apartment building. SunTrust Robinson Humphrey has arranged a $66 million loan for The Allen Morris Company and Ustler Development, Inc, the team behind the estimated $108 million Creative Village Parcel M Apartments project. This specific project consists of a […]

NEW 19-STORY MIXED-USE TOWER DOWNTOWN ORLANDO

NEW 19-STORY MIXED-USE TOWER DOWNTOWN ORLANDO

Plans have been filed to build a new 19-story mixed-use tower in Downtown Orlando anchored by a 256-room luxury hotel. The hopeful new hotel would be a Radisson Blu brand which they describe as “upper upper scale” with a “yes I can” service philosophy. This, if approved, would be one of the first Blue hotels […]

Orlando is the Best City To Own Rental Property In Florida

Orlando is the Best City To Own Rental Property In Florida

Florida is an intriguing state when it comes to buying and owning rental property. On one hand, demand for homes — especially single-family homes — has been consistently on the rise in Florida. Yet despite the demand, it doesn’t necessarily convert to more homebuyers. Instead, even though Florida boasts fairly low housing prices statewide, many […]

Downtown Orlando’s economy is expected to keep growing in 2019

Downtown Orlando’s economy is expected to keep growing in 2019

Downtown Orlando is bolstered by population growth at a rate that far outpaces most cities in the nation, Orlando’s economy is expected to forge ahead in 2019 with continued diversification. Make no mistake, tourism has and will continue to be a central driving force behind Orlando’s growth, but economists predict the new year will also […]