Regency Villages Lot 1B
The site with all utilities at the property is Ideal for Hotel-156 units, Retail-Restaurant- approximately 100, Condos. This 3.25-acre site is net of water retention. The storm-water master system is located along in the center of Regency Village Drive next to Premium Outlet Mall by Simon Group with over 15 million visitors annually. Just north of Vineland Road and west of International Drive the property has an unbeatable location. It is only a short ride to Disney World over the new I-4 Fly becoming part of the interchange soon to be constructed in 2021.
For 2017, Orlando ranked third in the U.S. for RevPAR growth at 9.9%. The hotel market will continue to experience strong demand as the pandemic goes away, which should further strengthen previous RevPAR. Given the flexibility of development alternatives, three competitive sets of lodging properties in the Lake Buena Vista/SeaWorld submarkets were identified. All three competitive sets exhibited strong demand and RevPAR growth. In addition, Orlando International Airport (MCO) set a record in 2017 with 44.6 million passengers, an increase of 6.4 percent year over year. For 2017, international passenger traffic grew 5.7 percent to a record of MCO recently surpassed Miami as the busiest airport in Florida and is ranked as 13th busiest in the nation and the 43rd busiest in the world. Given the tremendous growth, MCO has invested in a $2.15 billion expansion of the south terminal, which will add 16 gates to the airport by 2020 and will accommodate millions of more travelers. Furthermore, MCO is already evaluating a second phase of the expansion to help attract more carriers. Also, Virgin Trains is commencing the development of a high-speed rail service connecting MCO with West Palm Beach, Fort Lauderdale, and Miami. Service is expected to begin by early 2022. These investments should continue to drive visitation to Orlando. Seller Financing available…NOTE NEWS OF INTERCHANGE OFF I-4 SLATED TO BREAK GROUND IN OCTOBER 2021
Proposed Preliminary Concept
Gallery of Photos
