I-Drive Mixed Use Development
Fully Approved Multifamily, Hospitality, Commercial Entitlements
Marketing description
CLASS A LOCATION - 5 MINS FROM DISNEY - HARD CORNER
This prime development site is located on Palm Parkway in Orlando, just 8 miles from Walt Disney World, placing it at the heart of one of the nation's top tourist destinations. The site is approved for a total of 860 units, including 300 apartments and 560 short- term rentals/condo/hotel units, making it an ideal opportunity for both residential and hospitality ventures. With easy access to major highways and the Orlando International Airport, the property is perfectly positioned for high traffic and visibility. Nearby attractions including Disney and the Orange County Convention Center further enhance its appeal for future residents and visitors. The Flexible Entitlements allow a maximum of 800 hotel rooms, 860 timeshares, or a mix of multifamily, hotel, and retail development with a deed restriction of maximum 300 apartments.
Investment highlights
Class A Location: Centrally located between the Lake Buena Vista and I-Drive sub- markets, the site is immediately off I-4 in a high-traffic area, providing exceptional connectivity to nearby attractions.
Hospitality Epicenter: Driven by the proximity to Walt Disney World (8 miles from site and the nation's 3rd largest convention center, this prime location offers unparalleled access to the region's top attractions, creating a high-demand destination.
Versatile Entitlement Matrix: Development provides wide flexibility between hospitality, multifamily, and commercial. Current approvals include for 860 units, with 300 apartments and 560 short-term rentals/ hotels, offering a mix of residential and hospitality potential. See OM for more details.
Prime Corner Location: Situated on a hard-signaled corner, offering high visibility and excellent accessibility for both vehicular and pedestrian traffic.
Cleared and Prime for Development: Site is largely cleared and ready for development with utilities nearby.
Due Diligence Available: Clean Phase I, Soil Report, Survey, 2 Alternative Conceptual Site Plans, etc.
To view more and access deal room: https://www.marcusmillichap.com/properties/164764/idrive-mixed-use-development
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