Allen Morris On Real Estate

Allen Morris and Ustler celebrate construction momentum at Creative Village Parcel M Apartments in Orlando

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Construction momentum continues at The Allen Morris Company’s Creative Village Parcel M Apartments project in Downtown Orlando. The Allen Morris Company, one of the largest diversified real estate firms in the Southeast, hosted a reception to celebrate the project team and vertical construction of the 14-story, 409-unit market rate apartment.

 

Notable attendees included Orlando Mayor Buddy Dyer, Orlando City Commissioner District 5 Regina Hill, UCF and Valencia College representatives as well as the project’s financing partner SunTrust Bank.

 

After shovels hit the ground, attendees enjoyed a reception held at the Bob Carr Theater as The Allen Morris Company, along with the project’s co-developer Ustler Development, Inc., donated $10,000 to the Second Harvest Food Bank at the Academic Center for Excellence (ACE) School in Parramore, an Orange County Public School (OCPS) serving Pre-K – 8th grade.  Second Harvest Food Bank provides meals for 130 homeless students that benefit from the food distribution.

 

The Allen Morris Company and co-developer Ustler Development, Inc. donate $10,000 to the Second Harvest Food Bank at the Academic Center for Excellence (ACE) School during reception.

“Creative Village Parcel M Apartments is a dynamic project in the Creative Village Innovation District that will truly enhance Downtown Orlando and we’re delighted to celebrate our construction progress,” said W. Allen Morris, Chairman and CEO of The Allen Morris Company. “We’re grateful to our team, partners and City members for joining us in this celebration as we see the vision behind the project move forward.”

 

Creative Village Parcel M Apartments broke ground in October 2018 and is centrally located across the street from the new University of Central Florida (UCF) Downtown and Valencia Downtown Campus in Orlando, Florida.

 

Designed by architect Baker Barrios and with Brasfield & Gorrie as general contractor, residents of the cutting-edge development will enjoy an array of features and amenities including indoor and outdoor socialization areas, rooftop swimming pool, amenity deck, integrated parking garage with bicycle and scooter storage and charging area, a 2.5 acre Central Park across the street, clubhouse and fitness center as well as dog wash. The project will also have a food and beverage anchor on the ground floor. With the unique needs of UCF and Valencia student residents in mind, Creative Village Parcel M will feature approximately 1,000-square-feet of collaboration space on each residential floor in addition to co-working/conference room space.

 

Creative Village Parcel M Apartments is slated to be completed in the Summer of 2020.

 

About The Allen Morris Company:

The Allen Morris Company is one of the largest real estate firms in the Southeast U.S. specializing in commercial, multi-family residential and mixed-use developments, leasing and brokerage as well as property management. With offices in Miami, Coral Gables, Fort Lauderdale, Orlando, Jacksonville and Atlanta, The Allen Morris Company has served its business and investment clients for 60 years. For more information, please visit www.allenmorris.com., or follow us on Facebook at www.facebook.com/TheAllenMorrisCompany or on Twitter @allenmorrisco.

 

About Ustler Development, Inc.

Ustler Development, Inc. and the Ustler Group of Companies consist of various commercial real estate development, brokerage, ownership, management, and investment entities. Ustler has developed numerous projects in Downtown Orlando collectively valued at over $300 million. The Ustler Group focuses on Downtown Orlando and has completed projects including residential condos, multifamily, office, retail and hospitality. In addition to being the sponsor and co-developer of the Creative Village Parcel M Apartments, Ustler also leads the master development team for Creative Village and is developing the adjacent Creative Village Student Housing Project. ustler.net

 

About Creative Village

Creative Village builds on the success of Orlando’s digital media industry by transforming the former site of the Amway Arena in Downtown Orlando into a 68-acre mixed-use, transit oriented, urban infill neighborhood that will be home to the UCF Downtown and Valencia Downtown Campus; high-tech, digital media and creative companies; and a diverse mix of students, employees and residents. Creative Village fosters a “live, work, learn, and play” lifestyle in the heart of Downtown Orlando.

 

Creative Village is a long-term public/private partnership between the City of Orlando and the master developer with a development program that will occur in several phases over 10 to 15 years. Phase I is underway and represents a total investment value of over $625 million. Upon development and build out of the entire project, total vertical development value is estimated well in excess of $1 billion. creativevillageorlando.com

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