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