Westcourt Orlando
Orlando, FL
New 1,000,000+/- SF mixed-use Development in downtown Orlando adjacent to Kia Center, home to the NBA’s Orlando Magic. The project received land use entitlements in April 2024 and will feature high-rise residences, a full-service hotel, office and meeting spaces, entertainment & dining options, a dynamic live events venue, and on-site parking.
- 125K SF of new entertainment- and dining-focused retail space
- 265-key lifestyle hotel
- 269 high-rise residential units
- Approximately 300K SF Class A office space
- 3,500 capacity live event venue
- 1,140 onsite parking spaces
Asset Type
Sports & Entertainment Adjacent Mixed-Use
Acquired
2024
DEVELOPED
TBD
Scope
1,000,000+/- 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 will deliver significant premiums over market rental rates and hotel room rates.
- Strategic Location near Traffic Drivers:
- Kia Center – 200+ Arena events per year / 1,900,000+ visitors, including 42+ Magic games, concerts, family shows, community-oriented events, and other sporting events.
- Camping World Stadium – 16 annual events / 960,000 estimated attendance
- Inter&Co Stadium – 30 annual events / 450,000 estimated attendance
- Dr. Phillips Center for the Performing Arts – 400 annual events / 600,000 estimated attendance
- Daytime population – 95,000 weekday office population
- Access – One block from Interstate 4 and served by bus and light rail lines.
- Retail – positioned 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
- Hospitality – 265-key lifestyle hotel featuring an outdoor lounge, pool deck, marquee restaurant, and 16,000 square feet of meeting space, catering to both business and leisure travelers, providing a premier venue for events and conferences.
- Live Events Venue – build a 3,500-capacity live events venue.
- Residential – best-in-market residential product 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% pre-committed. Elevating the corporate experience, the office building will include a rooftop amenity sprawling 17,000-square-foot and will feature a 6,000-square-foot, glass-enclosed event space for various corporate and hospitality uses.
JMA Value Creation
Westcourt Orlando will be a catalyst for redefining downtown Orlando. It will transform an empty lot into a fully-activated, vibrant urban core that promotes foot traffic and collaboration. JMA’s roles will include the following:
Master developer / developer for the entire project
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
