UCF Downtown at Creative Village
University of Central Florida (UCF) is moving forward with their plan for a significant downtown Orlando campus, located at Creative Village. Between UCF and its partner, Valencia College, Phase I of the campus is expected to bring over 7,700 students to downtown Orlando. UCF Downtown will build upon already existing educational assets surrounding the Creative Village.
The commitment by UCF and Valencia to a large downtown campus at Creative Village sets the stage for additional private development and university-related uses.
Recent milestones include:
- In April 2017, UCF secured approval from the Creative Village Development Review Committee for the first academic building.
- In September 2016, UCF announced that they have exceeded their $20 million fundraising goal for the first phase of UCF Downtown.
- In August 2016, UCF validated the project schedule for delivery of the new academic facilities and announced the UCF Downtown will officially open in August 2019 with over 7,700 UCF and Valencia College students.
- In June 2016, UCF selected the design/build team of SchenkelShultz Architecture, Robert A. M. Stern Architects, and Skanska USA Building, Inc. for the $60 million academic building at UCF Downtown. Click here for more information.
- In June 2016, the Valencia College Board of Trustees approved the MOU with Ustler Development, Inc. and KUD International, LLC, regarding development of the Student Housing Project at Creative Village, including the new Valencia College Hospitality and Culinary facility.
- Creative Village Development, LLC advances plans for Phase I private development concurrent with UCF Downtown approval. For details, click here.
- Governor Scott affirmed his support for UCF Downtown by announcing he will approve the $20 million allocation in the State budget for the new academic building. For more information, click here.
- UCF Downtown was approved by the Board of Governors on March 2, 2016. Read more here.
- UCF and community leaders have made significant progress towards raising the $20 million in philanthropy for the new $60 million academic building.
- Orlando City Council approved the MOU between UCF and the City to facilitate the downtown campus. To read the article, click here.
To learn more about UCF Downtown, visit http://www.ucf.edu/downtown
Construction Completed on LYNX LYMMO Lime Line
Construction was completed in early 2017 for the LYMMO Lime Line. This project marked the beginning of road, utility and infrastructure work at Creative Village. The LYMMO expansion provides Bus Rapid Transit (BRT) service connecting Creative Village and the Parramore community with the Central Business District, Church Street Entertainment District and Thornton Park. Limited service began in January 2016, with full service to Creative Village beginning in 2017. For the current LYNX LYMMO service map, click here.
JLL to Market Select Parcels at Creative Village
JLL has been retained by Creative Village Development, LLC (CVD) to oversee the marketing of select sites available for sale at Creative Village. Pursuant to the Master Development Agreement, select parcels will be marketed to third-party buyers in multiple phases. The first phase consists of three development sites programmed for multifamily, office, commercial and/or mixed-use development. The brokerage team leading the marketing effort is comprised of JLL Senior Vice President Aaron Gray and JLL Vice President Bret Felberg of the Orlando office.
As part of the initial phase and in conjunction with the first phase of UCF Downtown, private development includes a 600-bed, $90 million student housing project by Ustler Development, Inc. (Ustler) with KUD International, LLC as joint venture partner and a 250-unit market-rate apartment project by Ustler and a joint venture partner valued at $62.5 million. Additional private development includes a 116-unit, $29 million mixed-income housing project by Banc of America Community Development Corporation (BACDC) and Atlantic Housing Partners. Adjacent development includes the $40 million renovation of the former Sheraton Hotel and a new $60 million PS-8 Orange County Public School serving the Parramore community.
Click here for the news release.
Orlando is a world class city
2014 was a banner year for our City Beautiful. In addition to the UCF and Valencia announcement, we opened SunRail commuter rail service and the Dr. Phillips Center for the Performing Arts, completely overhauled the Citrus Bowl and broke ground on our Major League Soccer stadium. We also celebrated the formation of the Orlando Tech Association and their designation as an official City of Orlando "Digital Main Street" and we opened the Church Street "Tech" Exchange, which houses several emerging technology companies, including CANVS, Echo Interaction Group, Splyt, Plan Source, The Iron Yard and Power DMS.
We maintained the momentum in 2015 with the re-election of Mayor Buddy Dyer, the announcement of a professional women's soccer team, the Orlando Pride, the community efforts to address homelessness and the delivery of many exciting commercial projects.
Others are starting to figure out what we already know – that Orlando is a great place to live, learn, work and play. Orlando was recently ranked seventh in the nation in job growth. Click here for the article.
Orange County Public Schools announces new Downtown PS-8 School
In January 2015, Orange County Public Schools announced a new PS-8 school to be built in the Parramore neighborhood, adjacent to Creative Village. The $60 million school, serving preschool through 8th grade, is scheduled to open in Fall of 2017 and is being touted as a "national model" for public education. Significant community partners include the Rosen Foundation, UCF, Boys & Girls Club of Central Florida, Valencia College and the City of Orlando.
Click here for a link to the official news release.
Project DTO - the next decade
Quickly after taking office in 2003, Mayor Dyer acknowledged that great cities have great downtowns, so he commissioned the Downtown Strategic Transition Team (DSTT) to create a strategic roadmap for downtown Orlando. The DSTT delivered recommendations, including large-scale projects like SunRail and the community Venues, and other lifestyle amenities, like a downtown grocery store and movie theater. Of the original 166 recommendations, 144 have been accomplished. Looking forward, Mayor Dyer assembled the Project DTO Task Force to create the strategic plan for the next decade. For more information about Project DTO, click here. To watch the Project DTO visioning video, click here.