Orlando Sports Entertainment District

Orlando, FL

New Development in downtown Orlando creating a 900,000+/- SF mixed-use development adjacent to Kia Center, home to the NBA’s Orlando Magic. The project is pending approval and will feature high-rise residences, a full-service hotel, office and meeting spaces, retail shops, a dynamic live events venue, and on-site parking.

  • 125K SF of new retail space
  • New 260-key Hotel
  • 270 high-rise residential units
  • 200-300K SF Class A office space
  • 3,500 capacity live event venue
  • 1,140 onsite parking spaces

Asset Type

Arena-Anchored Mixed-Use

Acquired

2024

DEVELOPED

TBD

Scope

900,000+/- SF

Key Investment Thesis

Leverage the adjacency to the Kia Center, home to the Orlando Magic, and prime location in downtown Orlando, to develop a regionally transformative lifestyle mixed-use project that would deliver significant premiums over the then-current market rental rates, hotel room rates, and residential sales per SF.

  • Strategic Location near Traffic Drivers:
    • Kia Center Visitation – 200+ Arena events per year / 1,700,000+ visitors, including 42+ Magic games, concerts, family shows, community-oriented events, and other sporting events.
    • *Daytime population – 95,000 weekday office population* (do we have a stat like this for Orlando?
    • Access – One block from Interstate 4 and served by bus and light rail lines.
  • Retail – position as the dominant entertainment, shopping and dining destination in the urban core leveraging Kia Center visitors, office worker population, and proximity to surrounding affluent communities
  • HospitalityThe 260-key lifestyle hotel featuring an outdoor lounge, pool deck, marquee restaurant, and 16,000 square feet of meeting space will cater to both business and leisure travelers, providing a premier venue for events and conferences. 
  • Live Events Venuebuild a 3,500-capacity live events venue. 
  • Residential – develop a residential product that did not previously exist in the market including high rise views, hotel amenities, and a prime downtown location.
  • Office – build 300,000 square feet of premium, Class A office space, with 30% already pre-leased. Elevating the corporate experience, our office building will include a rooftop amenity sprawling 17,000-square-foot and features a 6,000-square-foot, glass-enclosed event space for various corporate and hospitality uses.

JMA Value Creation

Orlando Sports Entertainment District will be a catalyst for redefining downtown Orlando. It will transforman empty lot into a fully-activated, vibrant urban core that promotes foot traffic and collaboration. JMA’s roles will include the following:

Master developer for the entire entertainment sports complex and developer for the mixed-use components

Perform acquisition diligence of site

Manage development and construction

Hire and manage design team to deliver the project with favorable economics

Deliver hotel partnership with national hotel operator

Lead construction financing and take-out financing efforts

Provide overall asset management, including retail & office leasing, and financial oversight