veryamusing

http://articles.orlandosentinel.com/1988-04-06/business/0030150033_1_daspin-boston-celtics-full-tuxedo Daspin and Freitag also made an investment of their own that turned out well. They acquired the old Orange County vocational school building in downtown Orlando for $800,000 in 1982 and sold it to a group of investors in 1984 for $1.4 million. Despite the profitability of the deal, Daspin says he is better at earning money than investing it. With about nine out of 10 real estate limited partnerships having gone sour, Daspin said, ''If I had just kept the money and paid the taxes, I would have been a lot richer than I am.'' The deed is Instrument #19811729037 in the Official Records. The lot was sold by the 1983 purchaser for $4,900,000 in 1989. The sellers later foreclosed on the mortgage, and held it until 2010 when they sold it to the investment group that developed SkyHouse. Our office (Property Appraiser) has fairly comprehensive microfiche, if any of you ever want us to research something.

What about the Historic Ivanhoe building, already owned by City / OUC? Put a solar array in the field to the south.

Regarding the Metropolitan... It looks like the median sale price per square foot right now is $170. So, 113,472 square feet x $170 = $19,290,240, or $231 per square foot of land area (83,466 square feet, or 1.916 acres). That's way too high for downtown land. I can't see it when the University Club developer just paid $6,585,000 for 54,253 SF, or $121.38 per SF. At $121.38 per SF of land, that's $10,130,751, or $89.28 per SF of heated area. That's a little over 50% of what buyers are paying right now. Do you think all the unit owners would sell for around $0.50 on the dollar? The converting developer paid $4,585,000 on 12/09/03. The first sale of all 128 units totaled $22,928,000. Sales were quick! From May 4, 2005 through August 29, 2005 for 125 of 128 units. Believe it or not, there are still 27 original unit owners, only two of which have a homestead exemption. But I'd love to be proven wrong.

They pulled a $1.057M permit on March 27, 2014 for the new building (#B13902036). Search Fast Track: https://fasttrack.ocfl.net/OnlineServices/PermitsAllTypes.aspx for it and you find they call the project "New Construction/w/Sitework/warehouse, office, parking Ref.Demo Permit#B12007316, B12007662 ". There is a 12/10/16 document entitled "10 completed application", which references "Bayouth Office and Warehouse (commercial center)". There was a variance granted at the 12/02/10 meeting of the Org Cty BZA for setback reduction to construct "commercial buildings". #VA-10-12-099 That's the best we have--sorry we don't have more for you.

Not sure if this link will work, but the website 42floors has office space available for lease/sublease in Orlando's CBD: https://42floors.com/office-space/us/fl/orlando?utf8=✓&region_ids=39070 Most of it seems fairly small, maybe 5,000 SF on average? For example, Lincoln Plaza is nearly 250,000 SF across 16 stories, with typical floor area of around 15,000. Yet they list the smallest space at 1,955 SF and the largest 22,819; in total over 46,000 SF vacant. Top five tenants: 32,526; 15,381; 15,381; 9,941; 8,851. From the landlord's perspective, it seems great to sign a tenant who intends to occupy an entire floor plate or even just a lot of contiguous space, even if they have to offer a lower lease rate or expensive tenant build-out allowance. But when that tenant downsizes or vacates the space in five or ten years, the pool of potential replacements is shallow. CNL did great to get Red Lobster; but how many other businesses can you think of that aren't already downtown and want to relocate their regional or corporate HQ to a high-rent CBD office tower? My thinking is very few, which induces the landlord to demise the space. There are also economic forces to consider, like the increasing prevalence of remote work, co-working and even the presence of outfits like Regus which provide executive suites on-demand. I would not be surprised if the long-term trend is fewer high-rise office towers; really, fewer high-rise anything. Density can be more than tall towers in a park (Corbu); it can be a cohesive urban fabric...

Y'all should use our website more: http://www.ocpafl.org/Searches/ParcelSearch.aspx/PID/292225062000170 Spoiler: it's owned by First Baptist Housing Inc. (it's a 62+ senior living apartment)

My office faces west. The parking lot is still utilized daily, and there are no signs of any activity in conjunction with the redevelopment. It's unfortunate.

Macy's may own the building, but not the land underlying. If I'm not mistaken, all of this area is on a long-term ground lease with the Maguire family. Edit: It's typical for retail landlords to pass-through certain expenses to the tenants or be reimbursed. That's why the tax bill is being mailed to Macy's in Ohio.

I got the mailer too, and immediately typed up an email to Mayor Jacobs and Commissioner Edwards in support of the project. :)

It looks like the retirement home building occupies the vacated 60' right of way. The original 1888 plat shows Lake Street continuing through to South Street, but an ordinance dated December 1966 (Official Records Book 1594 / Page 65) vacated the ROW. A second ordinance was recorded in February 1967 (OR 1611 / 653), which amended the first. Same land described in both though. Not sure what politics were at play to cause the abandonment. Interesting.

Used to be four parcels owned by the United States of America for USDA agricultural research, before the City took ownership of it in 2002. The federal government conducted remedial activities for the next three years (until 2005). Pay attention to the City Concil meeting on Monday regarding the Loch Haven Neighborhood Center.

Just wanted to let you know that this space (7,766 square feet) was purchased by the law firm Stovash, Case & Tingley back in October of 2010. This was one of the first units to be sold by the developer who purchased at auction the unsold inventory during the bankruptcy foreclosure of the original developer. Fitting that a law firm snagged it for their offices.

This! Wow, such a bad idea. They shouldn't have leased the space if it couldn't function for their purposes in its present configuration. I wish an entity like SunRail would locate their offices there. It's an important piece of our history that we shouldn't allow to be coopted by such a tacky scheme.

The tone of the OUC spokesperson sounds ominous; I think the building's fate is sealed.

Matt: http://www.cityoforlando.net/planning/cityplanning/ARB/2013/09Sep/ARB2013-00048.pdf On the September 2013 agenda, here: http://www.cityoforlando.net/planning/cityplanning/ARB/2013/09Sep/ARBSep2013Agenda.pdf Can always go here for agendas and minutes: http://www.cityoforlando.net/planning/cityplanning/ARBmeetings.htm

In Winter Park, there are a number of condos that have underground parking too: Park Aire on the Avenue, Whispering Waters, Villa Siena and The Residences on Interlachen, and the new Gothic-inspired building on Canton. Also, many older buildings here have basements, including several in Lake Eola Heights and Winter Park.

Darn.

I'm trying to think what would do well there with a drive-through. I know the high school kids loved Planet Smoothie. What would you like to see in that space?

I was thinking the Starbucks near Publix could relocate and get a drive-through, and a lot more indoor seating.

Looks like we aren't alone in our lackluster response to the RIDA block's proposed development. See the last paragraph on page six for Appearance Review Board Members' comments: http://www.cityoforlando.net/planning/cityplanning/ARB/2013/04Apr/ARBApr2013Minutes.pdf "...Proposal doesn't really address the scale needed on this site. Something in terms of the scale of the Skyhouse would be more appropriate."

Lately I have spent a lot of time thinking about the poorer parts of town, and I haven't been able to figure it out. In particular, this recent WFTV piece on the Tymber Skan condominium association off Rio Grande and Texas. The tenants of this complex are facing a great possibility of becoming homeless, if they don't pay the water bill. What can we do to help a situation like this? I am reminded of the fairly recent demolition of the defunct Colony Plaza timeshare condominium in Ocoee. No one was living there, but the City finally approved its demolition. Do we start over when the situation devolves into a situation like this, where people may have their water turned off because their landlord failed to pay the HOA fees? I have been lurking on this board for a long time, and the people who post here tend to have well-reasoned arguments. I was hoping we could move the conversation forward on this important issue. Thank you!

Also on the December MPB is the 901 N. Magnolia Master Plan: "The applicant is requesting master plan approval for a 62-unit senior apartment complex with 3,578 SF of retail." Interesting that they chose senior housing, with the Marks Street Senior Center across the street.