Orlando Greenlights $500M Entertainment District
Construction of the $500 million, 900,000-square-foot mixed-use project, to be called Westcourt, is set to break ground in late 2024.
Construction of the $500 million, 900,000-square-foot mixed-use project, to be called Westcourt, is set to break ground in late 2024.
“SRS continues to grow our team in Florida as well as around the country to help meet the demand we’re seeing from retailers who are looking to expand,” said John Artope, SRS Executive Vice President and Florida Market Leader.
Gabriel Britti, Issenberg, and Ricardo Esteves of Marcus & Millichap’s Issenberg Britti Group had the exclusive listing to market the property on behalf of the seller, and procured the buyer, a local LLC.
The property is 98% occupied.
Patrick Nutt and William Wamble of SRS represented the seller in the transaction.
A three-story building with ground-floor retail will front Plant Street, with the top two floors holding ten apartments.
Pineda Commons will rise on 17.8 acres at 5185 and 5195 N. Wickham Road, just south of the Pineda Causeway.
Brad Peterson, Whitaker Leonhardt and Tommy Isola of Colliers represented the seller, Crosspoint, in a joint venture with Long Wharf Capital.
The two industry professionals bring a combined 65 years of expertise.
JLL Capital Markets facilitated the sale and financing of the property.
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