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 North Quarter neighborhood of downtown Orlando. The development contains...
If you plan on buying a home in Orlando, now is apparently the time. Forbes recently announced that Orlando is currently the best city in the nation to buy a home, due to prices increasing by 9 percent in 2017. Citing Local Market Monitor, a website that tracks housing markets, Forbes says home prices in Orlando are projected to increase by 35 percent over the next three years. This puts the City...
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 likely bring further growth in other sectors, too, including...
While 89 percent of millennial renters say they plan to buy a home someday, just 4 percent expect to buy in 2019 and 30 percent say they will wait at least five years. For most of the millennials in the survey, affordability is the biggest obstacle for their purchase, cited by 72 percent. While cash needs are the paramount obstacle, 38 percent of millennials say they have bad credit and 29 percent say...
While 89 percent of millennial renters say they plan to buy a home someday, just 4 percent expect to buy in 2019 and 30 percent say they will wait at least five years, according to a new survey by Apartment List, a rental property database. For most of the millennials in the survey, affordability is the biggest obstacle for their purchase, cited by 72 percent. While cash needs are the paramount...
Orlando-based design-build company Finrock and developer One Eleven Residential will break ground in March on the $50 million luxury apartment building in Ivanhoe Village now simply known as the Lake House Apartments. The nine-story tower across from Lake Ivanhoe will feature 252 units above 34,900 square feet of office space and 2,563 square feet of restaurant space. The luxury residences will...