Commercial Real Estate, Capital, Insurance, Leasing & Management

On the menu: Downtown Orlando to Get its 3rd Starbucks

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Office, entertainment and residential developments in Parramore will spur more demand for retail in the area said Terrence Hart, senior director at Franklin Street of Orlando.

Excerpted from Orlando Business Journal story.

Local real estate experts say developers and retailers anticipate downtown Orlando to expand west past Interstate 4 and into Parramore — a historically segregated and low-income neighborhood, which now hosts Creative Village. In recent months, companies and developers have been scouting for potential real estate opportunities in the community. These companies have cited the neighborhood’s momentum from projects such as the construction around the 68-acre Creative Village and the Orlando Magic’s planned Sports and Entertainment District.

Office, entertainment and residential developments in Parramore will spur more demand for retail in the area, Terrence Hart, senior director at Franklin Street of Orlando who handles retail leasing and is not involved with the deal, previously told OBJ. He said he sees downtown’s western edge eventually growing to John Young Parkway. “Retailers actually are starting to take that part seriously. That used to be a no man’s land for retailers.”

For full story, visit https://www.bizjournals.com/orlando/news/2020/01/09/on-the-menu-downtown-orlando-to-get-its-3rd.html

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