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TRANSCRIPT
Confidential Offering Memorandum
www.Xenturycity2018.com
29 to 280± Acre retail / Multi-Use DevelopmentNEXT TO WALT DISNEY WORLD RESORT
RETAIL / DINING / ENTERTAINMENT / HOTEL PARCELSORLANDO, FLORIDA
FALCONS FIRE GOLF COURSE
HILTON-WALDORF ASTORIA
GAYLORD PALMS RESORT
DISNEY SPRINGS
MAGIC KINGDOMUNIVERSAL STUDIOS
ANIMAL KINGDOM
HOLLYWOOD STUDIOS
EPCOT
ESPN WIDE WORLD OF SPORTS
STAR WARS HOTEL(Under Construction) EPCOT CENTER DRIVE
OSCEOLA PARKWAY
OSCEOLA PARKWAYXentury City
N
INTERNATIONAL DRIVE
Walt Disney World
AFFILIATED BUSINESS DISCLOSURE
CBRE, Inc. operates within a global family of companies with many subsidiaries and related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates, including CBRE Global Investors, Inc. or Trammell Crow Company, may have or represent clients who have competing interests in the same transaction. For example, Affiliates or their clients may have or express an interest in the property described in this Memorandum (the “Property”), and may be the successful bidder for the Property. Your receipt of this Memorandum constitutes your acknowledgement of that possibility and your agreement that neither CBRE, Inc. nor any Affiliate has an obligation to disclose to you such Affiliates’ interest or involvement in the sale or purchase of the Property. In all instances, however, CBRE, Inc. and its Affiliates will act in the best interest of their respective client(s), at arms’ length, not in concert, or in a manner detrimental to any third party. CBRE, Inc. and its Affiliates will conduct their respective businesses in a manner consistent with the law and all fiduciary duties owed to their respective client(s).
CONFIDENTIALIT Y AGREEMENT
Your receipt of this Memorandum constitutes your acknowledgement that (i) it is a confidential Memorandum solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property, (ii) you will hold it in the strictest confidence, (iii) you will not disclose it or its contents to any third party without the prior written authorization of the owner of the Property (“Owner”) or CBRE, Inc., and (iv) you will not use any part of this Memorandum in any manner detrimental to the Owner or CBRE, Inc.
If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return it to CBRE, Inc.
DISCL AIMER
This Memorandum contains select information pertaining to the Property and the Owner, and does not purport to be all-inclusive or contain all or part of the information which prospective investors may require to evaluate a purchase of the Property. The information contained in this Memorandum has been obtained from sources believed to be reliable, but has not been verified for accuracy, completeness, or fitness for any particular purpose. All information is presented “as is” without representation or warranty of any kind. Such information includes estimates based on forward-looking assumptions relating to the general economy, market conditions, competition and other factors which are subject to uncertainty and may not represent the current or future performance of the Property. All references to acreages, square footages, and other measurements are approximations. This Memorandum describes certain documents, including leases and other materials, in summary form. These summaries may not be complete nor accurate descriptions of the full agreements referenced. Additional information and an opportunity to inspect the Property may be made available to qualified prospective purchasers. You are advised to independently verify the accuracy and completeness of all summaries and information contained herein, to consult with independent legal and financial advisors, and carefully investigate the economics of this transaction and Property’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK.
The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions at any time with or without notice to you. All offers, counteroffers, and negotiations shall be non-binding and neither CBRE, Inc. nor the Owner shall have any legal commitment or obligation except as set forth in a fully executed, definitive purchase and sale agreement delivered by the Owner.
© 2018 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk.
Photos and Logos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. All aerial images © Aerophoto America. Unlimited usage granted only for CBRE. All other parties must directly contact Aerophoto America to obtain rights to usage.
FOR MORE INFORMATION AND TO VIEW OUR CURRENT LISTINGS, VISIT:
www.XenturyCity2018.com
RETAIL | MULTI-USE COMMERCIAL DEVELOPMENT SITE
TABLE OF CONTENTS
Executive Summary
Tourist Corridor Retail Overview
Site Summary & Parcel Details
Metro Orlando Overview
PAGE 4
5
9
15
N
EPCOT CENTER DRIVE
INTERNATIONAL DRIVE
Xentury City±280 Acres
DISNEY SPRINGS
MAGIC KINGDOMANIMAL
KINGDOM
HOLLYWOOD STUDIOS
EPCOT
GAYLORD PALMS RESORT
HILTON-WALDORF ASTORIA JW MARRIOTTESPN WIDE WORLD
OF SPORTS
STAR WARS HOTEL(Under Construction)
OSCEOLA PARKWAY
OSCEOLA PARKWAY
Walt Disney World
CBRE is pleased to offer, on an exclusive basis, this unique ±280 acre land parcel next to Walt Disney World in Orlando,
Florida.
Xentury City is an iconic Disney tourist market development that includes the Gaylord Palms Resort as well as restaurants and retail developments.
There are ±280 acres remaining for development of hotel, timeshare, retail and residential apartments. All entitlements are fully approved under a Development of Regional Impact (DRI). All infrastracture, including roads, utilities and storm water management systems are in-place providing parcels shovel-ready for development.
Representing one of the last remaining large land parcels next to Walt Disney World, Xentury City is ideally located at the newly constructed entrance to the new Star Wars hotel and attraction in Hollywood Studios. Osceola Parkway currently provides a direct entrance to Disney's Animal Kingdom and Hollywood Studios theme parks.
Orlando
SITE
Executive Summary
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Tourist Corridor RetailSnapshot
SITE
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FALCON'S FIRE GOLF COURSE
GAYLORD PALMS RESORT
1,406 ROOMS
HILTON WALDORF ASTORIA Xentury City
±280 AcresPACRELSA1 & A260.9 AC
PARCEL B79.9 AC
INTE
RSTA
TE-4
128
,000
AADT
OSCEOLA PKWY 36,000 AADT
FULL ACCESS
FULL ACCESS
FULL ACCESS
FULL ACCESS
INT’L D
R 15,700 AA
DT
WATER TOWER SHOPPES
US-192 56,000 AADT
DISNEY’S POP CENTURY RESORT
SR-4
17 (T
OLL
) 39,
700
AADT
PARCEL C130.5 AC
PARCEL C2 & D28.9 AC
PARCEL F15.4 AC
PARCEL K, L, M & N38.7 AC
PARCEL E14.4 AC
SERA
LAG
O BLVD
PARKWAY INTERNATIONAL
RESORT144 ROOMS
CAMDEN TOWN SQUARE APARTMENTS
438 UNITS
FULL ACCESS UTIL
ITY EA
SEMEN
T
Parcel Map
DELTA HOTELS ORLANDO LAKE
BUENA VISTA237 ROOMS
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Parcel Data
FULL MOVEMENT INTERCHANGE
FULL MOVEMENT INTERCHANGE
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INTERSTATE-4 128,000 AADT
OSCEOLA PKWY 36,000 AADT
INT’L D
R 15,700 AA
DT
SR-4
17 (
TOLL
) 39,7
00 A
AD
T
GAYLORD PALMS RESORT
1,406 ROOMS
SATAY DR
SR-536 75,000 AADT
SR-535 53,500 AADT
PACRELS A1 & A260.9 AC
PARCEL B79.9 AC
PARCEL C130.5 GROSS AC
PARCEL F15.4 AC
ORLANDO WORLD CENTER MARRIOTT
2,000 ROOMS
HOLIDAY INN RESORT777 ROOMS
WYNDHAM GRAND ORLANDO RESORT
BONNET CREEK400 ROOMS
HILTON ORLANDO BONNET CREEK1,001 ROOMS
WALDORF ASTORIA497 ROOMS
PARCEL C2 & D28.8 AC
Looking Northwest
UTILITY EASEMENT
UTILITY EASEMENT
UTILITY EASEMENT799.7
± ft1,272± ft 2,073± ft
1,436.9
± ft
3,438.3± ft
2,761.2± ft
2,340.12'
2,785.35'
1,703± ft
1,743± ft
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Site Summary & Parcel Details
LOCATION: Next to Walt Disney World
ADDRESS: 6007 W. Osceola Parkway, Orlando, FL 34746
LAT / LONG: 28.344865, -81.523059
ACREAGE: ±280
ZONING: Planned Development - Tourist Commercial
APPROVALS: Development of Regional Impact (DRI)
INFRASTRUCTURE: Storm water management system, utilities and roads in place
CURRENT DEVELOPMENT:
2.2 million square feet on approximately 75 acres includes the Gaylord Palms Resort )1,400 rooms and 400,000 square feet of meeting space
MASTER PLAN: Additional hotels, retail, entertainment, timeshare and residential development
ACCESS: Property fronts on Intersate-4, Osceola Parkway, International Drive and the 417 Expressway
RETAIL / ENTERTAINMENT / RESTAURANT DEVELOPMENT OPTIONS
Northeast Quadrant of Interstate 4 & Osceola Parkway
• A1+A2: 60.9 Acres (29.4+31.5)
• Existing Full Access on Osceola Parkway at Gaylord Way, serving the Gaylord Palms
• Existing Full Access on International Drive
Northeast Quadrant of International Drive & Osceola Parkway
• B: 79.9 Acres
• Existing Full Access on Osceola Parkway
• Existing Full Access on International Drive
Southeast Quadrant of International Drive & Osceola Parkway
• C1: 30.5 Acres
• Existing Full Access on Osceola Parkway
• Two Existing Full Accesses on International Drive
HIGHLY VISIBLE, EASILY ACCESSIBLE LOCATION JUST ¼ MILE FROM WALT DISNEY WORLD AT A MAIN ENTRANCE
Over ¾ mile of frontage along Osceola Pkwy at a major full movement interchange with Interstate 4
• Adjacent to the Central Florida Greenway / SR 417 loop highway at a full movement interchange
• Served by International Drive, the spine of the Orlando Tourist Corridor, which bisects the sites
• The last large-scale, fully-entitled, shovel-ready vacant land property along Interstate 4 in the heart of the Orlando Tourist Corridor
• Less than 2 miles from Disney Springs, the highly successful entertainment / retail / dining destination at Walt Disney World, with retail sales revenues exceeding $1,600 per square foot
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Investment HighlightsUnique Development Opportunity
• One of the last remaining large development parcels next to Disney World
• The PUD includes 16 subdivided parcels that likely will meet users requirements (refer to page 9)
Fully Entitled
• Approved Development of Regional Impact (DRI) in-place securing development entitlements, zoning, storm water management, utilities and infrastructure
• Shovel-ready for development
One of a Kind Location
• Next to Walt Disney World and all of Disney's theme parks, water parks and the new Disney Springs retail and nighttime entertainment development
Excellent Access
• Property fronts on Interstate-4, Osceola Parkway, International Drive and the 417 Expressway; providing easy access to all of Orlando's major attractions as well as Orlando International Airport
Market Highlights#1 Tourist Destination in the World
• Over 72 million visitors per year
• Orlando is the only market globally with 5 retail projects exceeding $1,000 Per Square Foot in Sales Revenue Walt Disney World Resort is ranked as the number one theme park resort in the world and includes four theme parks, two water parks, Disney Springs retail and nightlife entertainment complex, ESPN Wide World of Sports Complex, and Disney Boardwalk
• Universal Orlando Resort includes Universal Studios, Islands of Adventure, Volcano Bay and CityWalk
• Orange County Convention Center is the largest convention center in the U.S. and totals over 2.1 million square feet.
• Orlando International Airport experienced a record 44.6 million passengers in 2017 and is underway with a $2.15 billion expansion of the south terminal
HighlightsJaCKsonville
MIAMI
TALLAHASSEE
TAMPA
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Walt Disney World
DISNEY'S CELEBRATION
HOLLYWOOD STUDIOS
DISNEYBOARDWALK
DISNEY SPRINGS
MARRIOTT WORLD CENTER
FALCON'S FIRE GOLF COURSE
EPCOT
GAYLORD PALMS RESORT
ESPN WIDE WORLD OF
SPORTS
STAR WARS HOTEL
(Under Construction)
NEW INTERCHANGE (Under Construction)
HILTON WALDORF ASTORIA
JW MARRIOTTW
ORLD
DRIV
E
OSCEOLA PARKWAY
OSCEOLA PARKWAY
EPCOTINTERCHANGE
SR 535
SR 536
SR 417 (TOLL)
SR 417 (TOLL)
INTE
RSTA
TE-4
Xentury City±280 Acres
INTERNATIONAL DRIVE
N
Site & Vicinity
SUNRISE CITY
MAGIC PLACE DEVELOPMENT2020 DELIVERY
EPCOT CENTER DRIVE
BUENA VISTA DRIVE
VIC
TORY
WAY
INTER
NA
TION
AL D
RIV
E
POIN
CIA
NA
BOU
LEVA
RD
CARIBE ROYALE
ORLANDO
LAKE BUENA VISTA FACTORY
STORES
EMBASSY SUITES
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Disney Springs
DISNEY SPRINGS
ORLANDO WORLD CENTER MARIOTT
GAYLORD PALMS RESORT
Xentury City±280 Acres
INTERSTATE-4 170,000 AADT
INTERNATIONAL DR 21,800 AADT
SR-536 53,500 AADTEPCOT CENTER DR 75,000 AADT
OSCEOLA PKWY 28,500 AADT
US-192 37,000 AADT
1 AMC DISNEY SPRINGS 24 DINE-IN THEATRES
2 ANTHROPOLOGIE
3 BLAZE FAST-FIRE'D PIZZA
4 CHICKEN GUY!
5 COACH
6 COCA-COLA STORE
7 COLUMBIA SPORTSWEAR
8 EVERYTHING BUT WATER
9 FRONTERA COCINA
10 GHIRADELLI
11 HOUSE OF BLUES
12 JALEO BY JOSE ANDRES
13 KATE SPADE NEW YORK
14 L'OCCITANE EN PROVENCE
15 LACOSTE
16 MAC COSMETICS
17 MORIMOTO ASIA
18 NBA EXPERIENCE
19 PANDORA JEWELRY
20 PLANET HOLLYWOOD
21 RAINFOREST CAFE
22 SEPHORA
23 SPLITSVILLE
24 SPRINKLES
25 STARBUCKS
26 STK ORLANDO
27 SUPERDRY
28 THE BOATHOUSE
29 THE EDISON
30 THE LEGO STORE
31 TOMMY BAHAMA
32 T-REX
33 TUMI
34 UGG
35 UNDER ARMOUR
36 UNIQLO
37 VOLCOM
38 WINE BAR GEORGE
39 WOLFGANG PUCK BAR & GRILL
40 ZARA
41 Cirque du soleil
181
11
23
1225
204
639
3
7813313440
26
516
32
21
2838
291736
30
10
271522 2
143519 24
33
37 9
SR 417 (TOLL) 69,500 AADT
BUENA VISTA DR 23,500 AADT
41
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GAYLORD PALMS
Xentury City±280 Acres
Walt Disney World
INTE
RSTA
TE-4
210
,000
AAD
T
ESPN WIDE WORLD OF
SPORTS
EPCOT12.2M
DISNEY SPRINGS
ANIMAL KINGDOM
12.5M
MAGIC KINGDOM
20.4M
ORLANDO INTERNATIONAL
AIRPORT44.6 M PASSENGERS
US-192
JOH
N YO
UN
G PK
WY 7
6,0
00 A
AD
T
KISSIMMEE GATEWAY AIRPORT
CELEBRATION
ORLANDO WORLD CENTER
MARRIOTT
CHAMPIONSGATE
US-2
7 3
9,5
00 A
AD
T
HOLLYWOOD STUDIOS
10.7M
1.5M
3.9M
1.4M
OLD TOWN
1M MAGIC PLACE251 UNITS PHASE 11,850 HOTEL UNITS
PLANNED2020 DELIERY
FLAMINGO CROSSING
1,300 UNITS PLANNED
US-192 56,000 AADT
SR-417 69,500 AADT
INTE
RSTA
TE-4
131
,000
AAD
T
SR-535 53,500 AADT
South Orlando Big Box Retail
MARGARITAVILLE RESORT
187 ROOMS2019 DELIVERY
ORLANDO VINELAND PREMIUM OUTLETS
FL TURN
PIKE 95,000 AADT
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Osceola Parkway
ReunionReunion
ChampionsGateChampionsGate
StoneybrookSouth
StoneybrookSouth
Celebration
Horizon West
Dr. PhillipsDr. Phillips
Bay HillBay Hill
IsleworthIsleworth
WindermereWindermere
Hunter’s CreekHunter’s Creek
Lake NonaLake Nona
Florida HospitalCelebration Health
Posner Park
Meadow Woods
Keene’s Pointe
PremiumOutlets
Vineland
PremiumOutlets
Vineland
The Mallat MilleniaThe Mall
at Millenia
PremiumOutlets
PremiumOutlets The Florida MallThe Florida Mall
The LoopThe Loop
MarriottWorld Center
MarriottWorld Center
The WaldorfAstoria
The WaldorfAstoria
Gaylord Palms Resortand Convention CenterGaylord Palms Resortand Convention Center
Disney’s Pop Century Resort/Art of Animation Resort
Disney’s Pop Century Resort/Art of Animation Resort
The Four Seasons ResortThe Ritz CarltonGrande LakesThe Ritz CarltonGrande Lakes
RosenShingle Creek
Resort
RosenShingle Creek
ResortThe Peabody OrlandoThe Peabody Orlando
The Hilton OrlandoThe Hilton Orlando
Walt DisneyWorld Resort
Walt DisneyWorld Resort
Golden Oak
ESPNWide World
of Sports
ESPNWide World
of Sports
Animal KingdomAnimal Kingdom
Hollywood StudiosHollywood StudiosEPCOTEPCOT
DisneySpringsDisneySprings
Magic KingdomMagic Kingdom
Sea World
Universal Studios
Orlando
Universal Studios
Orlando
KissimmeeMunicipalAirport
KissimmeeMunicipalAirport
City ofKissimmee
City ofKissimmee
MedicalCity in Lake NonaMedicalCity in Lake Nona
OrlandoInternational Airport
OrlandoInternational Airport
DowntownOrlando
DowntownOrlando
Orange CountyConvention Center
Orange CountyConvention Center
City ofKissimmee
Winter GardenWinter Garden
Winter GardenVillage
Winter GardenVillage
StoneybrookStoneybrook
Major Civic Sites
Major Attractions
Major Resorts / Hotels
Regional Retail Centers
Large Residential Areas
Rte. 545Property
Xentury Xentury
SunRail Stops
Xentury
North
4 MILES
2 MILES
6 MILES8 M
ILES10 MILES12 M
ILES14 MILES16 M
ILES
4 MILES
2 MILES
6 MILES8 M
ILES10 MILES12 M
ILES14 MILES16 M
ILES
11/16
Distance Radius Map
Distance & Radius Map
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Surrounding Hotels Map
3 miles
5 miles
Xentury City±280 Acres
2 miles
1 MILE
THERE ARE 51,174HOTEL ROOMS WITHIN A 5-MILE
RADIUS OF XENTURY CITY
Walt Disney World
Resorts & Villas26,278 rooms
ANIMAL KINGDOM HOLLYWOOD
STUDIOS
EPCOT
STAR WARS HOTEL(UNDER
CONSTRUCTION )
HOTEL
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Area Demographics
DRIVE TIMES10 MINS 15 MINS 20 MINS 30 MINS 45 MINS 60 MINS
2018 Population - Current Year Estimate 50,352 223,853 449,301 1,197,440 2,549,496 3,523,337
2023 Population - Five Year Projection 58,947 259,025 518,680 1,352,782 2,817,061 3,862,308
Average Household Income $79,541 $72,332 $71,976 $72,640 $73,155 $73,051
Median Household Income $56,190 $51,824 $51,674 $52,101 $52,560 $52,601
Households with Income Over $50,000 3,317 15,408 31,074 84,709 184,220 257,443
Households with Income Over $75,000 2,119 9,617 19,438 50,905 114,023 160,756
Population College Educated or Higher 14,363 61,028 122,360 319,200 687,882 937,004
Daytime Population (Employees) 70,993 184,012 299,917 627,248 1,164,135 1,504,108
Business Establishments 3,087 9,990 18,178 42,575 81,054 122,754
RADIUS RINGS2 MILES 3 MILES 5 MILES 10 MILES 15 MILES 20 MILES 30 MILES 50 MILES
2018 Population - Current Year Estimate 9,592 19,275 59,584 361,988 839,890 1,461,615 2,453,826 3,937,267
2023 Population - Five Year Projection 11,063 22,382 72,362 420,781 953,854 1,644,787 2,716,005 4,327,561
Average Household Income $79,520 $82,235 $86,973 $77,504 $72,683 $72,739 $74,527 $72,234
Median Household Income $56,455 $57,575 $58,788 $54,533 $51,638 $52,056 $53,365 $52,238
Households with Income Over $50,000 681 1,361 3,723 24,832 57,462 103,786 176,121 292,560
Households with Income Over $75,000 379 799 2,300 15,818 34,936 62,597 110,973 182,101
Population College Educated or Higher 2,489 5,198 18,560 102,735 219,408 385,663 673,977 1,038,884
Daytime Population (Employees) 18,655 36,740 67,439 240,352 425,860 711,539 1,081,345 1,563,420
Business Establishments 786 1,449 2,859 14,367 28,633 50,380 81,054 122,754
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© 2018 CBRE Limited. Data © TeleAtlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information contained herein (the “Information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either CBRE Limited or any of its affiliates (CBRE Limited and its affiliates are collectively referred to herein as “CBRE”). CBREneither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with, the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect to using the Information. The Information may change and any property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CBRE. TheInformation is protected by copyright and shall be fully enforced.
Layout ID:L03 MapId:5819267
Retail Sales Revenue Map
MALL AT MILLENIA $1,595 SALES PSF
Xentury City±280 Acres
ORLANDO INTERNATIONAL
PREMIUM OUTLETS$1,075 SALES PSF
THE FLORIDA MALL$1,100 SALES PSF
DISNEY SPRINGS$1,600 SALES PSF
ORLANDO VINELAND PREMIUM OUTLETS$1,595 SALES PSF
Orlando is the only market globally with 5 retail projects
exceeding $1,000 Per Square Foot in Sales Revenue
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Orlando is no longer the boom-and-bust economy of the past, and continues to make strides building up a diverse base of industries as a means to reduce vulnerability to external shocks. To help get the word out, the region has launched a nationwide marketing effort; “Orlando, you don’t know the half of it.” Rather than taking a shot-gun approach and attempting to spread resources across too many industries, the region is focusing on high-growth, high-wage industries and building on the existing strengths and assets. This means continuing to focus on corporate headquarters and regional offices, expanding and protecting Orlando’s #1 world ranking for Modeling, Simulation and Training, maintaining the high-growth the region has seen in health care and technology, and most recently a new focus on advanced manufacturing – an initiative that is likely to have a similar effect as ‘Sematech’ did in Austin, Texas in the 1980s.
This strategic, long-term focus and continued investment is starting to pay off in a big way. Orlando now ranks fourth in out of state migration, and the population has grown on average by more than 56,800 people per year over the last five years - ranking first in the United States. Moody’s projections for the next five years calls for continued growth of more than 50,705 new residents per year - also ranking first nationally. Not only is Orlando’s population growing, but with a median age of approximately 37 years and local colleges pumping out 25,000 graduates a year, the talent pool is tremendous. Companies are beginning to take note, and Orlando led the country in job growth in 2016 for the second consecutive year. Verizon recently invested $50 million for their 250,000 SF finance headquarters, Deloitte absorbed over 200,000 sq. ft. announcing their new IT headquarters in Central Florida, and ADP recently announced it would be bringing 2,400 new jobs to Orlando due to its business friendly environment. It is anticipated this trend will continue, and CBRE Economic Advisors is projecting over 3 million SF of absorption over the next five years. There’s no wonder why Forbes named Orlando as one of the “Next Big Boom Towns in the United States.”
EXCELLENT DEMOGRAPHICS
TRANSPORTATION
$9.3 BILLION IN CURRENT INFRASTRUCTURE & TRANSPORTATION INVESTMENT
• Higher education institutions combine to produce more than 25,000 graduates a year, further deepening the talent pool and lowering Orlando’s median age, currently at 37 years
• Furthermore, there are approximately 500,000 higher-ed students within a 100-mile radius of Orlando
• Orlando’s population increased by 284,000 people over the last five years, or 56,800 annually, bringing the total population to 2.46M
• A population increase of 253,523 people is projected over the next five years, or 50,705 annually, according to Moody’s Analytics
• SunRail, Orlando’s new commuter rail system, launched in 2015 and is already surpassing ridership expectations
• Orlando International Airport (MCO) is ranked as the busiest passenger airport in Florida, the 14th busiest in the nation and the 43rd busiest in the world. It is the also the 5th largest airport for domestic origin and destination
• Orlando is located in the center of the state within an hour of both Port Canaveral and the Port of Tampa, putting European, North American and South American markets at its gateway - Orlando is quickly becoming the logistics hub of the State of Florida
• All Aboard Florida, the anticipated high-speed rail that will connect Orlando and Miami is expected to begin construction in 2018
• $2.3 billion Ultimate I-4 Transformation is underway, reconstructing 21 miles of Interstate 4 (I-4) from Kirkman Road in Orange County to State Road 434 in Seminole County, adding two new dynamic tolled Express Lanes in each direction
• $2.2 billion All Aboard Florida has begun in South Florida and is anticipated to begin construction in Orlando in 2018
• A $1.1 billion expansion of Orlando International Airport includes a new people mover system, an additional 3,500-space parking garage, and a $120 million toward what will eventually be a $2.1 billion new South Terminal
• $1.5 billion, 25-mile Wekiva Parkway (SR 429) will connect to SR 417, completing the beltway around northwest Orlando MSA
Orlando’s new commuter rail system is already surpassing
ridership expectations.
METRO ORLANDO OVERVIEW
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FALCONS FIRE GOLF COURSE
HILTON-WALDORF ASTORIA
GAYLORD PALMS RESORT
DISNEY SPRINGS
MAGIC KINGDOMUNIVERSAL STUDIOS
ANIMAL KINGDOM
HOLLYWOOD STUDIOS
EPCOT
ESPN WIDE WORLD OF SPORTS
STAR WARS HOTEL(Under Construction) EPCOT CENTER DRIVE
OSCEOLA PARKWAY 36,000 AADT
OSCEOLA PARKWAY
Xentury City
N
INTERNATIONAL DRIVE
Walt Disney World
Looking East
128,000 AADT
39,700 AADT
56,000 AADT
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For more detailed information on Orlando's
Tourst Corridor, please download
ORLANDO TOURIST MARKET REPORT
MORE INFORMATION
For more information on the offering, please visit
www.xenturycity2018.com
Please complete the confindentiality agreement to recieve the full Offering
Memorandum
20 HOTEL | RETAIL | OFFICE | RESIDENTIAL DEVELOPMENT SITE |
BOBBY PALTA+1 407 279 [email protected]
© 2018 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk.
LICENSED REAL ESTATE BROKER, CBRE INC.
200 S. Orange Avenue | Suite 2100 | Orlando, FL 32801 | www.xenturycity2018.com
HILTON-WALDORF ASTORIA
JW MARRIOTT
HOLLYWOOD STUDIOS
POP CENTURY HOTEL
EPCOT INTERCHANGE
ANIMATION HOTEL
DISNEY SPRINGS
ESPN WIDE WORLD OF SPORTS
STAR WARS HOTEL(Under Construction)
GAYLORD PALMS RESORT
WORLD DRIVE
OSC
EOLA
PA
RKW
AY
NEW INTERCHANGE(Under Construction)
NEW HOLLYWOOD STUDIOS ENTRANCE
BUEN
A V
ISTA
DRI
VE
Xentury City±280 Acres
OSC
EOLA
PA
RKW
AY
N
Walt Disney World