Orlando Developer Reveals Construction Timeline For Class A Office Project Near UCF

Nov 01, 2018 No Comments by

An Orlando developer who has proposed a 100,000-square-foot office project near the University of Central Florida could begin construction in April 2019.

GrayPointe Capital‘s Innovation Commons at Research Park has not secured tenants yet but the firm is looking for one large corporate user for the proposed office space at 12025 Research Parkway, said Jeff Gray, a principal with GrayPointe Capital. The project would be built southeast of the intersection of University Boulevard and State Road 434. Construction is expected to wrap up third-quarter 2019.

GrayPointe Capital is currently in the design and permitting phase.

 

“We are bullish on the UCF submarket, specifically Research Park, given the continued growth of the technology and defense sectors,” Gray said. “Tenants are able to form direct partnerships with the university, providing them with great resources and access to a highly skilled labor force.”

Innovation Commons at Research Park is the one of the latest construction projects announced near UCF. Atlanta-based Pollack Shores Real Estate Group also is looking to build a roughly 228-unit apartment complex on the southeast corner of Dean Road and University Boulevard. Meanwhile, Park Square Enterprises LLC, through its related entity Park Square UCF LLC, is building the estimated $19 million Park Square Plaza at 12195 E. Colonial Drive that will include a new 110-room midrange hotel and 51,350 square feet space for shops and restaurants.

 

Source:  OBJ

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