The latest housing and entertainment developments in the Orlando area

September 30, 2019 | Blog | Market Insights

New apartments, new mixed-use towers and a new theme park are all in the works 
The city of Orlando is hard at work creating homes, amenities and attractions for new residents, current residents and visitors alike.
As the #2 hottest housing market—driven by the abundance of job opportunities, income growth and low unemployment—Orlando is currently enjoying an influx of new residents looking for skilled jobs and a place to live.
The City Beautiful is equally popular with visitors: Orlando welcomed a record-setting 75 million annual visitors in 2018, solidifying its lead position as America’s most-visited destination[1].
Keep reading to learn more about some of the latest developments in the Orlando area for new residents, current residents and visitors.
Downtown Orlando developments
With major projects such as the first phase of Church Street Station and the Dr. Phillips Center expansion almost complete, there are plenty of other approved and proposed tower projects on the horizon.
Slated for construction this year, X Orlando will be downtown Orlando’s largest residential project, featuring three towers adorned with panoramic views, rooftop spaces and green walls made of live plants throughout the exterior. Inside, the project will house 900 apartments, 85,000 square feet of commercial space and 35,000 square feet of co-working space. (Source: Baker Barrios)
The 41-story Zoi House will be the city’s tallest skyscraper, standing at an impressive 475 feet. It will house 300 residential units on 24 floors, plus 130,000 square feet of office space, ground floor retail space of 10,000 square feet, and a 697-car parking garage. (Source: Baker Barrios)
The proposed 31-story Summit Radisson project will stand at the southwest corner of Pine Street and Lake Avenue, and will feature a 211-room hotel, 75 condos, 15 ‘penthouse’ units, a 6-story parking garage and retail space, according to submitted plans. Renderings show the hotel brand would be the upscale Radisson Collection. (Source: BKV Group)
A new Universal theme park
In a move sure to excite adrenaline junkies around the world, Universal Orlando recently announced it’s building Epic Universe, the first traditional theme park in Central Florida in more than two decades.
Universal cited a study from University of Central Florida Economic Professor Sean Snaith showing construction of a new theme park would have a direct and indirect benefit of $11.5 billion to the Florida economy. Billed as the company’s most ambitious project, Epic Universe will add 14,000 jobs, and will include an entertainment center, hotels, shops, restaurants and more[2].
Andrew Cole, president of the East Orlando Chamber of Commerce, expects many of the new Universal workers will live in the thousands of homes and apartments being built on the east side of the city. There’s been no official announcement about when the new theme park is due to open.
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  1. Visit Orlando
  2. CoStar News


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