City approves $90M student housing development in downtown Orlando

The 15-story building with 600 beds would be part of a larger development called Creative Village

Miami /
Jul.July 09, 2017 03:00 PM

The Orlando city government approved the plan for a $90 million mixed-use student housing development in the city’s downtown district.

The city approved the planned development of a 15-story building with 600 beds, a parking garage, and a restaurant and retail space on the ground floor.

Construction is expected to start this summer and to be completed by the fall of 2019.

The 15-story building also would have four floors of educational space and would serve as the home of the Walt Disney World School of Hospitality and Culinary Arts at Valencia College.

The developers, Ustler Development Inc. and KUD International LLC, plans to construct the 15-story building on the northwest corner of North Terry Avenue and West Livingston Street in Orlando.

The building would be part of a $1 billion, 68-acre development in Orlando called Creative Village, which would include apartments, hotel rooms, retail stores and offices plus a downtown campus shared by the University of Central Florida and Valencia College.

Ustler and KUD expect construction of their mixed-use student housing development to start this summer and to be completed by the fall of 2019. [Orlando Business Journal]Mike Seemuth


Related Articles

arrow_forward_ios
The partially collapsed 12-story Champlain Towers South condo building (Getty)
Inside the tug-of-war over the Surfside condo site’s future
Inside the tug-of-war over the Surfside condo site’s future
 Adam Neumann (Getty, Bal Harbour Florida)
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Alex Sapir and Giovanni Fasciano with Arte by Antonio Citterio in Surfside (Photos via Arte by Antonio Citterio/PR Newswire)
Miami penthouse sets cryptocurrency sale record: $22.5M
Miami penthouse sets cryptocurrency sale record: $22.5M
(iStock)
South Florida resi construction starts soar in March
South Florida resi construction starts soar in March
Eden Multifamily heads Jay Massirman and Jay Jacobson with Cypress Equity Investments CEO Michael Sorochinsky (rendering courtesy of MSA Architects)
Eden Multifamily, Cypress Equity score $24M construction loan for Tamarac apartments
Eden Multifamily, Cypress Equity score $24M construction loan for Tamarac apartments
(iStock)
Home prices across globe hit records, prompting worries of bubble
Home prices across globe hit records, prompting worries of bubble
Steven and Beth Millner with One Thousand Ocean (Patrick McMullan/Getty, Google Maps)
Private equity honcho pays $5M for Boca Raton condo
Private equity honcho pays $5M for Boca Raton condo
From left: Jim Cohen, Nancy Corey, Nathan Zeder, Alicia Cervera Lamadrid, Phil Gutman and Mike Pappas (iStock)
South Florida’s pandemic-fueled residential market poised for bull run in 2021
South Florida’s pandemic-fueled residential market poised for bull run in 2021
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...