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 utility costs, such as sewage, water, or trash removal, can also be included under an...

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...

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...

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 Class A, 14-story, 409-unit market rate...

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 in the country, following Chicago and Minneapolis. The site in question includes 319...

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...

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 people are still opting to rent instead of buy. As a...

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...