Grandbridge Negotiates $45M Sale Of Seniors Housing Community In Metro Orlando
Built in 2017, the community offers 114 independent living, 73 assisted living and 36 memory care units.
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Built in 2017, the community offers 114 independent living, 73 assisted living and 36 memory care units.
The property is situated in a prime location next to ICON Park and approximately 2 miles from Universal Studios, the Orange County Convention Center, Universal CityWalk Orlando, SeaWorld and numerous other world-class attractions.
The buyer is planning on developing a mixed-use project on the site. This project will consist of a ground floor retail space with multi-family units built directly above.
The 94,000-square-foot asset sold for $22 million.
LandQwest Managing Principal Julia Sosa alongside LandQwest’s Tyler Roberts, Tom Heer, and Eva Royal represented BJ’s in the lease deal.
Site-clearing work begins this week and anticipated delivery for the first building — the largest, which will measure nearly 1 million square feet — will be in January.
Andrew Jaworski, along with Associate Tarek Chbeir, had the exclusive listing to market the property on behalf of the seller. The buyer was also procured by Jaworski.
Constructed in 2011, 618 East South St. is downtown Orlando’s first privately developed LEED-certified building.
The Ritz-Carlton Residences offers 37 spacious three and four-bedroom residences with pools in a gated community.
Managing Directors Brett Moss and Matt Wilcox, Associate Director Tyler Swidler and Senior Managing Director Cole Whitaker of Berkadia Orlando marketed the property on behalf of Catalyst Development Partners and Six Pines Realty.
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