Developers Secure $24M Construction Loan For Orlando’s Latest Condo-Hotel
The Flats Orlando will operate as a hotel with short-term stay options streamlined through an exclusive rental program led by a worldwide brand soon to be announced.
The Flats Orlando will operate as a hotel with short-term stay options streamlined through an exclusive rental program led by a worldwide brand soon to be announced.
The development will take place over five phases and several years and is projected to have a completion value of approximately $1 billion. Groundbreaking is slated to begin in 2024.
Blue Osceola Apartments, LLC, an affiliate of Miami-based Waterstone Capital, acquired the property from an undisclosed seller for $11.45 million.
Other phases of the development will include a mixed-use tower with 550 Class-A apartment residences and a boutique hotel. Complementing the development will be retail and restaurant spaces, structured parking garage and a waterfront activity plaza with green space.
The project has broken ground with completion scheduled for Q1 2020. CLICK ON THE HEADLINE FOR MORE
CRE-sources, Inc. is committed to ensuring that individuals with disabilities can access all of the goods, services, facilities, privileges, advantages, and accommodations that we offer through our website.If you are having trouble accessing the website, please call us at 954.290.3866 for assistance.