News and Updates on downtown Orlando

Museum of Art Expanding to Downtown Tower

The Orlando Museum of Art is in for a major upgrade according to FOX 35 Orlando. The Museum’s Board of Trustees voted unanimously to pursue downtown expansion to a yet-to-be-built 33-story, 1 million square-foot glass high-rise by Summa Development Group. The tower would include a hotel, condominiums, a restaurant and an additional 527,200 SF of commercial and convention center space. The Orlando Museum of Art intends to repair and renovate their Loch Haven location as well. Stay tuned for more updates.
Read more about developments in downtown Orlando.

New Office Buildings Coming to Downtown

A pair of new office buildings may be coming to downtown Orlando. The two office buildings would be three stories and 15,864 square feet at 802 West Church Street, located in the heart of Parramore near the Creative Village. This news is a positive sign for the commercial office real estate market, which was hit hard due to widespread vacancies. The Central Business District has a 13.4% average office space vacancy rate, which is higher than the Orlando-area average.           Read more.

Orlando Magic To Build Training/Sports Medicine Facility

The Orlando Magic and AdventHealth announced the construction of a new practice facility and sports medicine center. The new 130,000 square foot facility will be on a 4-acre site at South Division Avenue and West Central Boulevard. In addition, the 33,000 square-foot medical center will not only serve NBA players, but the Central Florida community. The center will offer services such as orthopedics, primary care, sports medicine, imaging, rehabilitation and sports performance. The project will cost approximately $70 million and is expected to be completed by Spring of 2022. Read more.