mixed-use development | orlando, fl · • orlando continues to be resilient. hotel occupancy is up...
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MIXED-USE DEVELOPMENT | ORLANDO, FL
DEVELOPED BY:
RADIUS POPULATION• 15 miles: 1,355,726
• 30 miles: 2,339,229
• 45 miles: 3,286,192
AVERAGE HOUSEHOLD INCOME• 30 miles: $68,395
MAJOR METROPOLITAN AREAS• Orlando: 10 miles
• Daytona Beach: 65 miles
• Tampa: 80 miles
• AUGUST 2017 Grand National Overpass opens; direct access to Universal Studios
• NOW Site currently under construction
• DECEMBER 2017 Start of vertical construction
• JUNE 2018 First tenant move-ins
• LATE 2018 Marriott Towneplace Suites estimated opening
Retail F28,800 SF
320’
90
’
W OAK RIDGE ROAD
INT
ER
NA
TIO
NA
L D
RIV
E
AD
RIA
NN
A A
VE
NU
E
ALTAMIRA DRIVE
125’156’
70’ 80
’
160
’
160
’
Retail C20,000 SF
Retail A25,000 SF
Retail D5,600 SF
70’ 80
’
Retail E5,600 SF
Re
tail B
2,8
00
SF
ANCHORED
A C
ANCHORED
TROLLEYSTOP
TROLLEYSTOP
BUILDING DATA
Retail A 25,000 S.F.Retail B 2,800 S.F.Retail C 20,000 S.F.
Retail D 5,600 S.F.Retail E 5,600 S.F.Retail F 28,800 S.F. TOTAL 87,800 S.F.
VISION• Mixed-use plan including hotel, restaurants and retail
• Buildings on the road with parking behind
• Roundabout with art features
• Connected and walkable
• Trolley stops inside and in front of project
• Sidewalk connections throughout project
• Traffic light for traffic control as well as pedestrian crossing
• Connection to Orlando International Premium Outlets
MAJOR ATTRACTIONS
Universal Orlando Resort
Sea World Parks
Walt Disney World
LEGOLAND
Gatorland, and I-Drive 360
LOCATION
• Directly across the street from Orlando International Premium Outlets with sales over $1,000 Per Square Feet and millions of visitors a year
• New Grand National I-4 Flyover connecting the site to Universal Studios opened August 2017
• Convenient I-4 exit is under construction
• Open visibility corridor directly to I-4 expected to carry over 200,000 CPD when expanded
• Grand National Flyover opens the area to Universal Studios (24 million visitors a year) and will have direct access to/from I-4 via express lanes
• 225,000 people within a 5 mile radius of the site
• The Mall at Millenia, located less than two miles from Grand National, boasts $1,350 in sales PSF
68%INTERNATIONAL
Top 5InternationalShoppersin Orlando
Brazil UK Argentina Mexico Canada
7%NATIONAL
11%LOCAL
(Cities within20-mile radius)
5%IN-STATE
TOURISM• Orlando welcomes over 68 million visitors a year, making it once again, the most visited destination in the United States
• Visitors want to stay longer than the weekend and, on average, spend nearly 5 nights in Orlando, enjoying night after night of endless entertainment, dining, and world class shopping
• Domestic tourists spend an average of $495 per person while overseas visitors spend slightly more than double – at $1,115 per person
• Orlando continues to be resilient. Hotel occupancy is up 4.5%, Universal sees double-digit annual attendance growth, and Orlando International Airport shows an 8% increase in air-traffic compared to 2016
• Two years in a row, Orlando claims the #1 spot for U.S. Job Growth by the U.S. Department of Labor
• International Drive, known as Orlando’s’ “Tourist Corridor,” will be home to billions in investment planned for next 4 years, including a 4,000 room hotel by Universal Studios
INTE
RNAT
IONA
L DRI
VE A
VERA
GE SH
OPPE
R BA
SE
GRAND NATIONAL RENDERINGS
LEASING INFORMATION
FFO Real Estate AdvisorsPH: 610-658-6310EMAIL: [email protected]
NORTH AMERICAN PROPERTIES
PH: 239-938-3300EMAIL: [email protected]