Be Part of Orlando’s Newest Innovation District · Be Part of Orlando’s Newest Innovation...
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When complete, this high quality, sustainable neighborhood will represent more than $1.5 billion in new development and a dynamic mix of uses including: Creative Village builds on the success of Orlando’s technology and innovation economy by transforming 68-acres of city-owned land into a mixed-use, transit oriented, urban Innovation District anchored by the regional headquarters for Electronic Arts, Inc. (EA) and the UCF Downtown and Valencia College Downtown campus alongside other high-tech and creative companies and a diverse mix of students, employees and residents. Be Part of Orlando’s Newest Innovation District Phase I is under construction and represents nearly $690 million in investment with over 350,000 square feet of higher education space, 175,940 square feet of office space, 965 multi-family units and 640 student housing beds. Phase I includes two of the largest privately financed buildings in the history of Downtown Orlando: $105 million UnionWest co-developed by Ustler Development, Inc. and DEVEN and $108 million The Julian Apartments co-developed by Ustler Development, Inc. and The Allen Morris Company. Phase I Development Underway 1,500 residential units 1,500 student housing beds 225 hotel rooms 1,200,000 office/creative space square feet 150,000 retail/commercial space square feet 750,000 higher education space square feet Opened Summer 2019: • 148,000 square foot Dr. Phillips Academic Commons, classroom building for UCF Downtown and Valencia College Downtown • Renovation of the 115,000 square foot UCF Communication and Media Building • UnionWest, a 640-bed purpose-built student housing development with 105,000 square feet of academic space for UCF and Valencia • Amelia Court, a 256-unit mixed-income apartment community Opening 2020/2021: • The Julian Apartments, a 409-unit market rate apartment project, under construction • Modera at Creative Village, a 292-unit market rate apartment project, being developed by Mill Creek Residential • 175,940 square foot regional headquarters for EA • 2.5-acre Central Park In Downtown Orlando: average household income $74,682 jobs 80,047 apartment occupancy rate 94.4% investment underway $5 billion nearly market to watch in 2019 by the Urban Land Institute #4 Named the
Transcript of Be Part of Orlando’s Newest Innovation District · Be Part of Orlando’s Newest Innovation...
When complete, this high quality, sustainable neighborhood will represent more than $1.5 billion in new development and a dynamic mix of uses including:
Creative Village builds on the success of Orlando’s technology and innovation economy by transforming 68-acres of city-owned land into a mixed-use, transit oriented, urban Innovation District anchored by the regional headquarters for Electronic Arts, Inc. (EA) and the UCF Downtown and Valencia College Downtown campus alongside other high-tech and creative companies and a diverse mix of students, employees and residents.
Be Part of Orlando’s Newest Innovation District
Phase I is under construction and represents nearly $690 million in investment with over 350,000 square feet of higher education space, 175,940 square feet of office space, 965 multi-family units and 640 student housing beds.
Phase I includes two of the largest privately financed buildings in the history of Downtown Orlando: $105 million UnionWest co-developed by Ustler Development, Inc. and DEVEN and $108 million The Julian Apartments co-developed by Ustler Development, Inc. and The Allen Morris Company.
Phase I Development Underway
1,500residential units
1,500student
housing beds
225hotel rooms
1,200,000office/creative space
square feet150,000
retail/commercial space
square feet750,000
higher education space
square feet
Opened Summer 2019:• 148,000 square foot Dr. Phillips Academic Commons, classroom building for
UCF Downtown and Valencia College Downtown• Renovation of the 115,000 square foot UCF Communication
and Media Building • UnionWest, a 640-bed purpose-built student housing development
with 105,000 square feet of academic space for UCF and Valencia • Amelia Court, a 256-unit mixed-income apartment community
Opening 2020/2021:• The Julian Apartments, a 409-unit market rate
apartment project, under construction• Modera at Creative Village, a 292-unit market
rate apartment project, being developed by Mill Creek Residential
• 175,940 square foot regional headquarters for EA• 2.5-acre Central Park
In DowntownOrlando: average
household income
$74,682 jobs
80,047apartment
occupancy rate
94.4%investment underway
$5 billionnearly
market to watch in 2019 by the Urban Land Institute
#4 Named the
Electronic Arts, Inc. (EA) is moving their regional headquarters to Creative Village in October 2021. EA has signed a long-term lease for a privately developed, 175,940 square foot office building and will bring 800-1,000 high-wage jobs to Downtown Orlando. This is the largest corporate relocation in Downtown Orlando in decades and an important component of the new Innovation District.
EA Orlando
The new campus opened in August 2019 and serves nearly 7,700 students in digital media, communication, public services and health-related programs along with the Valencia College Walt Disney World Center for Culinary Arts and Hospitality. Long term plans for the campus include 10,000 to 15,000 students.
UCF Downtown and Valencia CollegeDowntown
Conceptual Master Land Use Plan
Phase 1 Development Completed
Phase I Development In-Progress
Existing Community Assets
Phase 1 Development Proposed
Future Development
Learn more about the development, project team and real estate opportunities at creativevillageorlando.com.
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Creative Village is a public/private partnership between the City of Orlando and the Master Developer, Creative Village Development, LLC, which is a joint venture between Banc of America Community Development Corporation and a local team led by Ustler Development, Inc. Creative Village Development, LLC controls the land via a long-term Master Development Agreement and Purchase Option Agreement that runs through 2031.
Public/Private Partnership
EA RegionalHeadquarters
