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Orlando CBD Update: How New Developments Will Impact the Market

Chris Owen • 3/18/2018
Orlando’s central business district (CBD) is expanding up and out, with new commercial and infrastructure developments changing the urban fabric for the better.

Orlando CBD

The map above shows 16 development projects proposed for the Orlando CBD, including everything from new multifamily projects to transportation hubs to large-scale, mixed-use developments

 

Orlando’s central business district (CBD) is expanding up and out, with new commercial and infrastructure developments changing the urban fabric for the better.

This new development is transforming the urban core into a dense and interconnected 21st century neighborhood that is building upon on its current live/work/play dynamics. Below are highlights of major projects, both planned and underway, and their expected impact on the area.

  • The I-4 Corridor through downtown is in the middle of a major overhaul and reconstruction project that will last for the next three to five years. It will bring much needed efficiencies to the movement of cars and prepare the area for the additional 2 million residents expected in the next 12 years.
  • With four major stops on the commuter SunRail line, downtown Orlando is already tied to regional markets to the north and south. When Phase III for SunRail’s expansion is completed in the next two years, people living in downtown will not be tied to cars to get to the Airport and future Brightline station.
  • The University of Central Florida’s downtown campus at Creative Village will also include an outpost for Valencia College. The area, just west of the business district, is already seeing substantial new construction catering to the expected 10,000+ students, many of whom will be studying and potentially living in the neighborhood.
  • Over $1.2 billion of new multifamily developments have come online in downtown Orlando in the last five years, with over a dozen more in pre-planning or pre-construction phases. If only half of these projects see completion, the influx of new residents could expand the population by over 20,000 residents in the next five years.

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