On Monday, the city of Orlando gave developers the green light to begin construction of the 8. 5-acre sports and entertainment district near the Kia Center.
ORLANDO, Fla. (AP) — The city of Orlando on Monday gave real estate developers the green light to begin building the 8. 5-acre sports and entertainment district near the Kia Center.
The 900,000-square-foot mixed-use allocation is expected to begin in late 2024 and the finishing touches are scheduled for March 2027. Here’s a look at what’s included in the new $500 million sports and entertainment center:
“We are excited to move into the progression phase of the Sports and Entertainment District,” said David Carlock, founder and principal of developer Machete Group, Inc. “The city has been a wonderful wife to us since the beginning of the process, and we took a look toward creating a colorful new location in downtown Orlando.
A huge entertainment district planned for the junction of I-4 and US-192 near Walt Disney World.
On April 22, 2024, the City of Orlando gave birth to growing businesses to build an 8. 5-acre sports and entertainment district in downtown Orlando. (Photo: City of Orlando)
The city of Orlando said the new progression would create 3,400 jobs in the area.
The assignment will be directly north of the Kia Center, between West Church Street, Division Avenue, West Central Boulevard and South Hughey Avenue.
“With today’s approval and the leadership of Mayor Dyer and the City Council, we look ahead to the next phase of the allocation and bringing the sports and entertainment district to life,” said Alex Martins, CEO of Orlando Magic. “We are thrilled to be able to have JMA Ventures and Machete Group advise the progress of this joint venture with the DeVos family and the Orlando Magic. It will be a great place to live, work and play in the center of downtown and will create significant jobs and hiring opportunities. and after construction.
On April 22, 2024, the City of Orlando gave birth to growing businesses to build an 8. 5-acre sports and entertainment district in downtown Orlando. (Photo: City of Orlando)
Orlando Magic enthusiasts walked through the community on their way to the games. Huge fan Charles Kwarteng told FOX 35 he’s in a position to see the blue tarps go.
“It’s like the visual pollutants on I-4, I’m just in a position to get rid of them,” Kwarteng said. “Obviously, do anything with it; it’s a wonderful parking lot next to the arena, but we still feel like we can do things here. “
On April 22, 2024, the City of Orlando gave birth to growing businesses to build an 8. 5-acre sports and entertainment district in downtown Orlando. (Photo: City of Orlando)
A past of Orlando Mayor Buddy Dyer says:
“The development of this catalytic site has long been a vision for the city as part of our ongoing revitalization of downtown and Parramore. We look forward to seeing how this effort moves forward to create jobs and have an economic impact on our network as we pursue our goals. to create more varied services for our downtown neighborhood. “