A prime piece of land in downtown Orlando is now available for purchase at a price of $10 million. Located at 319 N. Magnolia Ave., the property was acquired by Aureate Development in 2018 for $2.4 million and has since received approval from the city to be developed into a mixed-use tower with residential, retail, and office space, as well as a parking garage.
The proposed 26-story tower will have up to 232 units, along with approximately 6,000 square feet of retail space and over 15,000 square feet of office space. The current structure on the property is a vacant one-story office building that will need to be demolished before construction can begin.
Aureate Development is also known for their work on the Orlando College of Osteopathic Medicine in Horizon West which opened its doors this year. The marketing efforts for this lot are being led by Matt Hall from Bounat National based out of Tampa.
This highly sought-after lot presents an excellent opportunity for developers looking to capitalize on its prime location near SkyHouse Orlando and close proximity to the county courthouse. Don’t miss your chance to own this highrise-approved property in downtown Orlando!
