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December 29, 2007

Sky’s the Limit in Orlando

Filed under: Condos,Orlando Condos,condo metropolis, — Marcus Burke @ 8:50 am

SkyCity is the latest Orlando project to be approved by the Orlando City commission. Two towers, mixed use, 300 million.“They’re crazy!” I hear you scream. “More downtown condos? Those developers are out of their tiny, concrete-ridden minds!”

True, the current downtown projects are having trouble selling, but construction on this baby is not expected to start until 2009 and they probably won’t be finished until 2011. By then the current condo glut should be pretty much used up – just in time for the baby boomer invasion. YAY.

Besides, much of the space is devoted to business. The first tower will be a 25-story office building – and the first ten floors will be for parking. Gotta have parking. The 11th floor will feature a 20,000 square foot luxury fitness center. Nice!

The second tower will be an even larger, 35-story building featuring both a hotel and, on the upper floors, just 120 condominiums. I think we can handle 120 more!

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