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Smith Equities Sells 18-Acre Redevelopment Site For Epic Universe In Orlando's New Tourist Corridor.pdf

SmithEquitiesSells18AcreRedevelopmentatKirkmanandI-Drive.pdf
PDF
🔗 Source: amecs.com
📊 Size: 361 KB
👤 Author: Robert E. Smith, CCIM
⬇️ Downloads: 79

Summary

Orlando, Fla. (March 16th, 2020) – Smith Equities Real Estate Investment Advisors facilitated the sale of a 18-acre redevelopment site known as International Festival Shopping Center in Orlando's emerging tourist corridor. The property, located at the Northeast corner of North International Drive and S. Kirkman Road, is strategically positioned near Universal Studios' Epic Universe theme park under construction.

Key Highlights:

- Zoning: AC-3 zoning allows for high-rise buildings with up to 200 units per acre.
- History: Originally planned as a 207,356 SF shopping center, only 131k SF was built in the first two phases.
- Accessibility: Improved access due to the new Grand National Interchange (part of the Ultimate I-4 project) boosted interest from developers.
- New Owner: Intram Investments plans to upgrade the property and explore mixed-use development options, including apartments, entertainment, or hotels.
- Rebranding: The center will be renamed "Olinda Center," reflecting its location on North International Drive known for its vibrant Brazilian culture.
- Future Potential: Smith Equities predicts strong rental potential once Epic Universe and infrastructure projects are complete.

About Smith Equities:

Smith Equities Real Estate Investment Advisors is a boutique brokerage firm based in Orlando, Florida, specializing in multifamily development and investment sales. They have successfully sold several notable downtown Orlando development sites.

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Description

Smith Equities sold an 18-acre site in Orlando's new tourist corridor, known as International Festival Shopping Center, with potential for high-rise development up to 200 units per acre, following the closing of the Kirkman Road Extension connecting Universal Studios and Epic Universe.

Technical Information

  • File Format: PDF
  • File Size: 361 KB
  • Pages: 3
  • Language: EN
  • Author: Robert E. Smith, CCIM
  • Total Downloads: 79
  • Last Updated: 6 days ago

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