Downtown Developers Push Forward Despite Slowdown

The VueAccording the Sentinel online, several projects including the Vue and Premier Trade Plaza, should see completion in the coming months, and despite a challenging year, others will be breaking ground.

It’s unlikely however, that all will be so successful. Several developments have been struggling to achieve the necessary presales required to break ground. The mixed use developments, on the other hand, seem to be finding it a little easier to secure funding.

Projects likely to see success in 2007 include Mills Park, Capital Plaza III and the Dynetech Center, a 32 story tower projected to cost $60 million.

Orlando’s economic development director, Frank Billingsley, who doesn’t anticipate much of a slowdown downtown, despite sluggish sales elsewhere.I see the momentum continuing, he said. We see a steady flow of new projects coming through the planning pipeline. Jack Snyder, Staff Writer: The Sentinel Online 1-08-07.

Leave a Reply

Your email address will not be published. Required fields are marked *