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Orlando
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Downtown
Orlando Real Estate
Downtown Orlando Real Estate
The City of Orlando is experiencing a major downtown revitalization. The city
has proposed a twenty-year plan for the new millennium to rebuild and restore
its downtown and the surrounding areas.
The downtown Orlando 2020 Vision project will focus on four areas of revitalization.
In the Uptown area, 500 units of multi-family residences will be built, along
with office and retail spaces. Parramore Heights will continue to strengthen its
residential neighborhoods, building strong schools, flourishing parks and open
spaces. With a mixture of high-rise buildings producing living, retail and entertainment
spaces, the Central Business District will work towards becoming a thriving cultural
corridor. Eola will continue its revitalization efforts by enhancing and preserving
the communities of Lake Eola Heights, Lake Cherokee and South Eola.
Downtown Orlando real estate is abundant and diverse, from residential
living to commercial space; from modern skyscrapers to historic buildings. Single-family
residences, condos, apartments and lofts are all part of Downtown Orlando real
estate choices. Condo prices range from $100,000 to $275,000 for one or two-bedroom
units. Lofts are selling for between $155,000 and $368,000 for one, two- or three-bedroom
spaces. Downtown Orlando real estate also includes a variety of rental
apartments from small studios to five-bedroom apartment residences. Renters can
pay as little as $400 a month or as much as $8,995 a month.
Office, retail and restaurant spaces range in price from $9.00 per square foot
to $25.00 per square foot, with an average price of around $17.00 per square foot.
Prices, of course, vary with location and the individual building.
There are a number of projects in the works in Downtown Orlando real estate.
Several new condo buildings have broken ground. Among the new entries on the Downtown
Orlando real estate scene are two high-rise buildings, The Sanctuary and 55
West, plus the smaller, more intimate Eola South. Plans are currently being drawn
up for North Orange Condos and conversion of Four Points Sheraton Hotel into condo
units. Along Orange Avenue at Marks Streets, plans are underway for approximately
300 rental apartments.
One of the biggest additions to is a project called The Plaza. It will include
370,000 square feet of office space, 53,000 square feet of retail space and a
53,000 square foot theater with twelve screens and stadiums seats.
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