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
Hotel Facilities | Apr 13, 2015
Figure-eight shaped hotel to open around PyeongChang 2018 Winter Olympics Facility
Just three miles away from the Olympic stadiums, the hotel will be a hub of its own.
Mixed-Use | Apr 7, 2015
$100 billion 'city from scratch' taking shape in Saudi Arabia
The new King Abdullah Economic City was conceived to diversify the kingdom's oil-dependent economy by focusing more in its shipping industry.
High-rise Construction | Mar 24, 2015
Timber high-rise residential complex will tower over Stockholm waterfront
The four towers, 20 stories each, will be made entirely out of Swedish pine, from frame to façade.
Mixed-Use | Mar 13, 2015
Dubai announces mega waterfront development Aladdin City
Planned on 4,000 acres in the Dubai Creek area, the towers will be covered in gold lattice and connected via air-conditioned bridges.
High-rise Construction | Mar 11, 2015
Must see: Firm proposes skyscraper with a ‘twist’ in downtown Tulsa
Tulsa, Okla.-based architecture practice Kinslow, Keith & Todd released renderings of a skyscraper concept that takes the shape of a tornado.
Modular Building | Mar 10, 2015
Must see: 57-story modular skyscraper was completed in 19 days
After erecting the mega prefab tower in Changsha, China, modular builder BSB stated, “three floors in a day is China’s new normal.”
Transit Facilities | Mar 4, 2015
5+design looks to mountains for Chinese transport hub design
The complex, Diamond Hill, will feature sloping rooflines and a mountain-like silhouette inspired by traditional Chinese landscape paintings.
Sponsored | | Mar 3, 2015
New York’s Fulton Center relies on TGP for light-flooded, underground transit hub
Fire-rated curtain wall systems filled this subterranean hub with natural light.
Sponsored | Shopping Centers | Feb 26, 2015
A color-changing gateway for Altara Center
Valspar works with developers to complete a multicolored shopping center façade in Honduras.
Industrial Facilities | Feb 24, 2015
Starchitecture meets agriculture: OMA unveils design for Kentucky community farming facility
The $460 million Food Port project will define a new model for the relationship between consumer and producer.
