JV Releases Plans, Renderings For $500M Mixed-Use Destination In Downtown Orlando

A joint venture between SED Development LLC, JMA Ventures LLC and Machete Group Inc. has released new plans and renderings for a mixed-use destination in downtown Orlando.

The development, dubbed the Orlando Sports + Entertainment District, will span 8.5 acres adjacent to Amway Center. The Orlando Sentinel reports the project will cost roughly $500 million to develop.

The 900,000-square-foot destination will include a 260-room hotel with an outdoor lounge and pool deck, as well as meeting space and a chef-driven restaurant. Other components will include a 270-unit high-rise apartment tower, 200,000 square feet of Class A offices that are 30 percent preleased, 1.5 acres of central green space, 100,000 square feet of shops and restaurants and a 3,500-seat live music venue that can double as an events space with the capacity to host up to 1,000 guests.

A construction timeline was not released.

Source:  RE Business