Tuesday, August 30, 2005

New Orlando Condo Complex in the Works

National real estate company Empyrean Holdings Inc. and United Construction Group (UCG), a construction management company, have partnered in the construction of various Orlando condo timeshares. The joint project is aimed at the development of a large Orlando condo complex that is expected to cost approximately $70 million.

An August 25th press release announced that the “top priority given to securing the initial financing” has generated the $10 million Phase One funding necessary for purchasing the land and other expenses integral to the planning stage of their Orlando condo project.

Aside from the Orlando condo project, Empyrean and UCG have worked together on the developments in California, Georgia, Missouri and Wisconsin.

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