Property Man – Bob Massi Features Lake Nona and Orlando

features in a recent episode… Not only is Lake Nona and one of the fastest growing cities across the nation, but the here is perfect for . Orlando is used as a meter for the real estate market because of the booming economy and the constant influx of new residents and visitors. In this episode, Bob Massi answers why Orlando is so successful and features Lake Nona and as one of the fasted growing community across the nation. Bob takes a tour around Orlando and Lake Nona to see why the market is so successful. The most important message to take away about Orlando is, as most cities across the nation feel the ups and downs of the economic rollercoaster, Orlando is the first to recover and last to feel the pinch.

Watch as Bob Massi uncovers the reasons why Orlando truly is the city beautiful…

As always… comment, like and share. Your feedback helps us know how to help you better!

-The Maycumber Team of WeKnowOrlando.com

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Orlando OKs conditional plan for $107M Creative Village apartment complex

The City Commission today helped move forward two pieces of the planned $1 billion, 68-acre, mixed-used Creative Village in downtown.

The commissioners voted unanimously during the Sept. 4 city council meeting to give conditional approval of a $107 million, 390-unit apartment complex. The Creative Village Design Review Committee still wants to review certain aspects of the apartment project such as the streetscape, parking, architecture, and appearance, before it gets full approval.

The commissioners also gave full approval for a 9,221-square-foot central cooling system building for the planned Downtown, a campus that will be shared by the University of Central Florida and  College The UCF energy plant building will include condenser water pumps and cooling towers located outside the building. The structure will be the only plant for the downtown campus.

The apartment complex is a joint venture between Orlando-based Ustler Development Inc. — whose related Creative Village Development LLC is the master developer of Creative Village — and Coral Gables-based apartment developer The Allen Morris Co. The project is slated for a 1.6-acre site on the southwest corner of Amelia Street and Terry Avenue, which is known as “parcel M,” according to city documents.

Creative Village is expected to attract 8,000 faculty, staff and students when UCF Downtown opens in fall 2019 — two to three times more people than initially anticipated, according to Ustler Development Inc. President Craig Ustler. The number of apartment units was increased from 250 in the previous plan to 390 in July due to that increased demand.

The apartment complex, which could open by mid-2020, will feature mostly studio and one-bedroom units, each with a washer and dryer. The ground floor has a 6,500-square-foot commercial space that may house a food and a social hall. The project also will include a 570-space parking garage, a public courtyard, and a beer garden, said Ustler.

  • Dallas-based Mill Creek Residential Trust plans to build an estimated $59 million-$90 million, 250- to 300-unit market-rate apartment complex on the east side of Central Park.
  • Ustler Development and Development Ventures Group Inc. are underway on a 15-story, $105 million student-housing project with 600 beds and 105,000 square feet of educational space leased to UCF and Valencia College.
  • Winter Park-based Atlantic Housing Partners LLLP is building the $60 million, 256-unit Amelia Court at Creative Village mixed-income community.

These projects add to the boom in apartment in the region. Orlando reported a 3.2 percent vacancy rate in the multifamily sector, which is among the lowest for Southeastern cities, according to the most recent report by Charlotte, N.C.-based Real Data Inc. There are more than 11,700 apartments in Central Florida’s construction pipeline, and roughly 30 percent of those units are being built in downtown Orlando.

The average monthly apartment rent for the central submarket, which includes downtown Orlando, is $1,499, up from $1,381 a year ago, Real Data reported. Occupancy rates are expected to remain higher than 95 percent over the next year, well above average among Southeastern cities, which should trigger even more rent growth, according to the report.

UCF Downtown also is expected to bring a major economic impact to the area. The campus is forecast to generate 2,000 jobs and a $205 million economic impact in the next few decades. “There’s a lot of different facets — certainly there’s the economic development aspect of growing our downtown and having the university campus there,” Orlando Mayor Buddy Dyer told Orlando Journal. “It’s good for UCF and the students who will have internships and be closer to businesses that are in their majors.”

Central Florida’s 25 Wealthiest ZIP Codes

What’s the value of your home? What college degrees do you have? What’s your household income? What type of work do you do?”

Why so many nosey questions, you might ask?

Well, these were just a few of the key indicators behind creating American City Business Journal’s Wealth Index Score.

To determine which ZIP codes are Central Florida’s most affluent, Buffalo Business Journal Projects Editor Scott Thomas created a methodology exclusive to American City Business Journals. To see where your ZIP code ranks among Central Florida’s wealthiest, according to ACBJ’s Wealth Index

Orlando 32814
Orlando 32814
$101,628 Orange 7,477 31.70%
2 Windermere-34786
Orange Country
Windermere 34786
$91,884 Orange 34,328 27.80%
3 Oviedo-32766
Seminole County
Oviedo 32766
$90,208 Seminole 15,905 20.00%
4 Longwood-32779
Seminole County
Longwood 32779
$83,695 Seminole 30,400 23.40%
5 Orlando-32827
Orange County
Orlando 32827
$81,089 Orange 7,650 17.60%
6 Orlando-32832
Orange
Orlando 32832
$76,281 Orange 18,216 12.70%
7 Lake Mary-32746
Seminole County
Lake Mary 32746
$75,966 Seminole 41,247 15.90%
8 Orlando-32836
Orange County
Orlando 32836
$72,143 Orange 18,351 28.20%
9 Sorrento
Sorrento 32776
$69,417 Lake 11,049 8.30%
10 Maitland-32751
Orange County
Maitland 32751
$68,505 Orange 21,620 17.70%
11 Montverde
Lake County
Montverde 34756
$67,552 Lake 3,548 17.60%
12 Orlando-32804
Orange County
Orlando 32804
$66,811 Orange 17,565 14.60%
13 Oviedo
Oviedo 32765
$66,675 Seminole 60,485 14.80%
14 Orlando-32828
Orange County
Orlando 32828
$64,212 Orange 61,636 13.20%
15 Winter Park-32789
Orange County
Winter Park 32789
$64,173 Orange 25,039 23.70%
16 Longwood-32750
Longwood 32750
$62,857 Seminole 22,903 9.00%
17 Eustis-32736
Eustis 32736
$62,698 Lake 9,342 10.20%
18 Apopka-32712
Orange County
Apopka 32712
$62,272 Orange 44,222 11.60%
19 Orlando-32819
Orange County
Orlando 32819
$62,251 Orange 27,248 16.90%
20 Kissimmee-34747
Osceola County
Kissimmee 34747
$62,240 Osceola 15,940 11.70%
21 Winter Springs-32708
Seminole County
Winter Springs 32708
$61,813 Seminole 43,715 13.90%
22 St. Cloud
St. Cloud 34772
$61,674 Osceola 27,889 7.10%
23 Orlando 32829
Orlando 32829
$60,966 Orange 19,965 5.00%
24 Winter Garden-34787
Orange County
Winter Garden 34787
$60,208 Orange 53,496 13.40%
25 Clermont-34711
Lake County
Clermont 34711
$59,958 Lake 55,510 7.20%

The 25 highest-paying jobs in the U.S.

 

Tech jobs make up 13 of the 25 highest-paying jobs in America for 2018, up from 11 in 2017, according to a new ranking from the job and recruiting site Glassdoor.

There are five health-care jobs on this year’s ranking, down from six in 2017, Glassdoor said. The top three jobs are all in health care.

“The fact that employers are paying top dollar for many techs and healthcare jobs reinforces how demand for these valuable skill sets continues to outpace the supply of talent with these experts,” Amanda Stansell, economic research analyst for Glassdoor, said in a prepared statement. “We know that salary matters a lot to job seekers when determining where to work, but it should not be the only factor to consider.”

Eight job titles are new to the ranking this year, including nurse practitioner, which has the highest number of current job openings at 14,931 positions.

Scroll through the accompanying gallery to see the 25 highest-paying jobs for 2018.

For a job title to be considered for this list, it must receive at least 100 salary reports shared (with Glassdoor) by U.S.-based employees over the past year through June 30, according to the site. Glassdoor also applies a statistical algorithm to estimate annual median base pay in order to control for factors like location and seniority.

Salary information hub Payscale.com provided us with a list of the 25 top-paid positions in the U.S. technology sector.

From database architect to a principal product manager and many jobs in between, the data provided to us show the median pay for a variety of tech titles in the U.S.

The median (50th percentile) pay is the annual total cash compensation in the U.S. — half the people doing the job earn more than the median, and half earn less.

The information shows the highest paid individual contributor, or non-management, roles in the technology sector.

Orlando Developer Starts plans for Large Development

 

 

Unicorp ’s most prominent developer is pursuing its latest $200 million projects in an area that’s heating up for retail developers — and that represents a major shift in the market.

That’s according to Jorge Rodriguez, executive managing director at Colliers International Central , who is representing Orlando-based Unicorp National Developments Inc. in the purchase of a roughly 150-acre site in Daytona Beach’s fast-developing area of Interstate 95 and LPGA Boulevard.

“[Historically], all the retail was along International Speedway Boulevard,” Rodriguez said. “What’s happening is Daytona’s gotten to the point where there’s no more land to be developed there … It’s jumped north to LPGA and I-95.”

New projects in that area likely will be more attractive to consumers, added John Albright, president, and CEO of Consolidated-Tomoka Land Co. (NYSE: CTO), Daytona Beach’s largest landowner and soon-to-be seller of the site Unicorp has under contract.

In fact, developers have been buying up chunks of land from Consolidated-Tomoka for years, creating a massive economic impact for the community. The largest land sale was to Minto Communities, which partnered with Margaritaville HoldingsInc. to build the $1 billion Jimmy Buffett-themed Latitude Margaritaville — a massive active-adult, the mixed-use community now under .

Additionally, the $91 million, 350,000-square-foot Tanger Outlets opened in 2016, and North American Development Group is anticipating a fall opening of its estimated $80 million, 400,000-square-foot Tomoka Town Center featuring T.J. Maxx, Hobby Lobby, Academy Sports + Outdoors and more.

Since 2011, Consolidated-Tomoka’s land sales in this area have resulted in $1.5 billion in total capital investment in Daytona Beach, adding more than 3,500 jobs, according to company documents.

“You have a large influx of new population, and a great regional draw as far as the interstate and LPGA [Boulevard],” Albright said. “It’s all coming together.”

Meanwhile, Unicorp plans to start construction on its new project in first-quarter 2019. The first 23-acre phase, dubbed Shoppes at Williamson Crossing, will feature about 100,000 square feet of un-anchored shops and restaurants. No tenants have been signed, but Unicorp President Chuck Whittall said his company is in talks with about 30 potential tenants.

Orlando nightclub company is opening a ‘very different’ concept downtown

 

Nightclub History-The worst fire in Orlando’s history broke out on Jan. 12, 1884, destroying a newspaper along with grocery, millinery and drug stores.

In the disaster’s wake, a Rollins College chemist named Norman Robinson set out to create a fireproof building. It wasn’t a bad idea. The city of Orlando didn’t have a fire department at the time and wouldn’t organize one until the following year. Robinson created concrete blocks at his laboratory near Park Lake, which might have been used in the construction in 1884 of 63 E. Pine St., according to city records.

Team Market Group LLC — which operates nightlife venues such as Tier Nightclub and Mathers Social Gathering — plans to open The Robinson Cocktail Room on the top floor of 63. E. Pine St. It’s the latest concept for the growing company, which announced in June it was expanding into Jacksonville with a new Mathers.

 

 

 

Norman Robinson’s quest for invention and discovery is what inspired us to want to evolve the Robinson Building into a venue featuring an innovative and progressive cocktail program and culinary approach that we hope would have made Norman proud,” said Keith Mawardi, who founded Team Market Group in 2006 with his brother, Romi Mawardi.

“Dog Friendly” Orlando is a city for pets

 This is “possibly” the best news ever: The City Beautiful is a pet paradise, according to a new study.

Orlando was ranked as the second-most pet-friendly city in the country behind Scottsdale, Ariz., according to a newWalletHub study.

In 2017, Americans spent $69.51 billion in total U.S. pet industry expenditures and are expected to spend $72.13 billion in 2018, according to the American Pet Products Association.

In total, 60.2 million American had a dog in 2017, while 47.1 million Americans homes had a cat, according to American Pet Products Association pet owners survey. Americans own 89.7 million dogs and 94.2 million cats nationwide.

In Central , several businesses are barking up the right tree and making a lot of money in the pet industry.

Take one of Orlando Business Journal’s Fast 50 companies, Woof Gang Bakery Inc. The firm, known for its gourmet doggy treats and natural pet foods, raked in $47.4 million last year, up 117.8 percent from $21.8 million in 2015. Woof Gang CEO Paul Allen previously told OBJ that he wants to grow his pet-centric bakery from 100 stores to 500 in the future by offering a variety of pet services in the shops.

In order to determine which cities were the best — and worst — for pet friendliness, WalletHub analyzed 24 key factors to determine which locations were “purr-fect” for pets. Check out how stacked up in these key areas:

  • Dog friendly restaurants: No. 1 
  • Veterinarians per capita: No. 3
  • Pet businesses per capita: No. 8
  • Dog friendly shops per capita: No. 10 
  • Minimum pet-care provider rate per visit: No. 10
  • Animal shelters per capita: No. 15
  • Animal trainers per capita: No. 25
  • Weather: No. 28
  • Strength of animal protection laws: No. 39
  • Walk score: No. 50

NASA names first astronauts for SpaceX, Boeing space station missions

NASA has revealed the nine astronauts — seven men and two women — who will fly the first American-made commercial spacecraft to and from the International Space Station.

The missions aboard ’s Crew Dragon and Boeing’s CST-100 Starliner mark the first time that astronaut launches will take place on U.S. soil since the organization retired the space shuttle in 2011.

The SpaceX Crew Dragon test flight astronauts are Robert Behnken from St. Ann, Mo., and Douglas Hurley from Apalachin, N.Y. The first mission astronauts are Victor Glover from Pomona, Calif., and Michael Hopkins from Lebanon, Mo.

SpaceX’s uncrewed demo is currently scheduled to lift off in November 2018, with its first manned mission slated for April 2019. The Hawthorne, Calif.-based aerospace company will launch these missions from Launch Complex 39A at NASA’s Kennedy Space Center in .

Boeing’s Starliner test flight astronauts are Eric Boe, who was born in Miami and grew up in Atlanta; Christopher Ferguson of Philadelphia; and Nicole Aunapu Mann from California. The first mission astronauts are Josh Cassada from White Bear Lake, Minn., and Sunita Williams from Needham, Mass.

More businesses like Amazon want to invest in the area. Here’s why.

More businesses want to work in Orlando now than three years ago, according to the Orlando Economic Partnership.

Central Florida’s nonprofit public/private economic development agency looked at whether or not its campaign “Orlando. You Don’t Know the Half of It.” has changed businesses’ perception of the city since its last survey in 2015. The Orlando Economic Partnership worked on the survey with Development Counselors International, who provides marketing for places like Orlando.

Interest in bringing projects and developments here grew to 61 percent for site selectors, up from 53 percent since 2015; and 63 percent for corporate executives, up from 19 percent.

The survey also found that Orlando was in the top 10 cities in being considered for projects, with 19 percent of the category. That’s up from 12 percent in 2015 and 7 percent in 2014.

“At the end of the day, the goal of our campaign is to get more at-bats,” Laureen Martinez, senior director of marketing and communications for Orlando Economic Partnership, told Orlando Journal.

Site selectors highlighted the airport, workforce and tax structure of the area as Orlando’s top three highlights. The site selectors said the city’s top three weaknesses were the tourism perception of the area, lack of business incentives and the workforce.

New Lake Nona Publix Shopping Center

Publix Shopping

A new retail lineup has been revealed for a Publix-anchored shopping center now under in .

Lake Nona’s developer Tavistock Development Co. LLC on July 26 announced five new tenants for the roughly 60,000-square-foot Lake Nona Creekside on the northwest corner of Boggy Creek Road and Lake Nona Boulevard. The estimated $9 million-$12 million shopping center will serve Lake Nona’s growing population east of Boggy Creek Road, including ‘s Ariel Apartments, Somerset Park neighborhood, Voxx International Corp.’s (Nasdaq: VOXX) Voxx Automotive headquarters and the new 2.3-million-square-foot Amazon fulfillment center set to open this summer, a Tavistock representative said. A representative from Seattle-based Amazon.com Inc. (Nasdaq: AMZN) said the fulfillment center should open before the holiday season this year.

Meanwhile, the new tenants at Lake Nona Creekside will take up about 11,000 square feet of space in total, joining the 46,000-square-foot Publix, which is scheduled to open in October. The new stores will open in late 2018 or 2019 in the shopping center.

Outside of retail, a 120-room, the select-service hotel will be part of the project, however, a brand hasn’t been determined, said Tavistock spokeswoman Karlee Kunkle said in an emailed response. Greenway Park I LLC — an entity of Tavistock — on Oct. 19 submitted an application for the new hotel.