The 68-acre, $1 billion Creative Village project in downtown Orlando, the largest transit-oriented project in central Florida, is expected to break ground on May 14.
This mixed-use project, which had been delayed for a number of years, is already being touted as mecca for business, colleges, and residents. The Orlando Business Journal reports that the University of Central Florida has committed to anchor the Village with a $207 million downtown campus that would create 4,000 jobs. UCF has stated its intention to bring 6,000 students downtown.
Creative Village is a public/private partnership between the City of Orlando and the Master Developer, Creative Village Development; a joint venture between Banc of America Community Development Corporation, and a local developer-investment team lead by Ustler Development. Baker Barrios Architects, the project’s design architect; and Emerge Real Estate Ventures, are part of that group.
The city’s Amway Arena was demolished in 2012 to make way for Creative Village. That demolition’s debris—including 94 million pounds of concrete and 13 million pounds of steel—was recycled and/or sorted for future reuse to build Creative Village’s infrastructure.
The development expected to take 15 to 20 years to complete, and include when finished 1.2 million sf of office and creative space, 500,000 sf of education space, 1,500 housing units, and 225 hotel rooms. A PS-8 school is planned nearby. Construction will create 6,500 jobs, and the Village would offer 5,000 permanent jobs. The Building Team estimates that Creative Village would also generate between $800 million and $1 billion in new development.
Road and utility work in Phase 1 would accommodate the expansion of the Lynz Lymmo bus circulator system to Orlando’s west side, near the Parramore District. Craig Ustler, MAI, CCIM, president of Ustler Development, said that about $13 million in infrastructure work on the bus route and the building paths is already taking shape.
Vertical construction is scheduled to begin in later 2015 or early 2016.
Related Stories
High-rise Construction | Mar 3, 2017
Detroit's tallest tower to rise at site of former J.L Hudson's Department Store
SHoP Architects and Hamilton Anderson Associates will design the 52-story building.
Mixed-Use | Mar 1, 2017
New hotel and residential tower coming to San Francisco’s Transbay neighborhood
The ground-up development will feature 255 hotel rooms and 69 residential units.
Mixed-Use | Feb 27, 2017
Tallest tower in Miami to begin construction in January 2019
The tower will reach a height of 1,049 feet, the maximum height permitted by the FAA in Miami.
Mixed-Use | Feb 23, 2017
5-tower scheme revealed for Zhengzhou, China
The towers will vary in height and emerge from a shared retail podium.
Mixed-Use | Feb 22, 2017
Hunt Development Group selected to spearhead Cabrini-Green redevelopment
The Chicago Housing Authority selected the firm to develop mixed-income housing and retail space where the infamous housing project once stood.
Mixed-Use | Feb 21, 2017
Coconut Grove’s newest mixed-use development springs from a converted parking garage
Terra says the development will be the first newly built office building in central Coconut Grove in over 20 years.
High-rise Construction | Feb 17, 2017
Zaha Hadid Architects-designed building to have the world’s tallest atrium
A 190-meter atrium will rise the full height of the building between two twisting sections.
Mixed-Use | Feb 8, 2017
Santiago Calatrava’s first major UK project will be the heart of the Greenwich Peninsula transformation
Peninsula Place will cost £1 billion and act as a gateway to the new, master-planned district.
Mixed-Use | Feb 7, 2017
Traditional Arab architecture and the surrounding mountainous terrain inspire a luxury hotel in Mecca
The Foster + Partners-designed building will address the shortage of accommodation in Mecca.
High-rise Construction | Jan 26, 2017
Paris tower provides office space and three hotel complexes across its three superimposed volumes
Equipped with hanging gardens and a panoramic viewpoint for its top tier, Jardins de l’Arche Tower will rise in Paris’s La défense business district.
