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Seaworld Orlando INTERNATIONAL DRIVE DISTRICT DEVELOPMENT PRESENTATION September 29, 2017 9/28/2017 I•Drive Development 2017 and Beyond More than $2 billion of high-profile development planned thru 2022 idrivedistrict.com International Drive Then... 1 9/28/2017 International Drive Now... Facts about I-Drive • 2015 visitation: 7.8 million overnight visitors; 5.2 million day visitors for a total of 13.0 million. The Metro Orlando area realized 66.4 million visitors in 2015. Based on this, the I-Drive area accounted for 20% of the Metro Orlando Visitors. • 2015 total assessed value for the study area: $11.0 billion • 2015 property taxes paid $187 million • 2015 estimated total visitor spending: $7.9 billion • 2015 estimated sales tax collections: $510 million • 2015/2016 total number of properties within the I-Drive Resort area: 122 • 2015/2016 total number of individual accommodations: 47,500+ • 2015/2016 employment base = 75,000+ (representing full time, part time and seasonal employment) • 2015/2016 total housing units = 7,494 (this number includes single family homes, student housing and apartments) • 2015/2016 I-Drive resident population = 12,959 • 2015 estimated TDT collections: $90.2 million idrivedistrict.com 2 9/28/2017 I•Drive 2015 Development: A Year in Review Attractions Entertainment Nightlife Complex I•Drive NASCAR Chocolate Gator Spot at Kingdom Fun Spot America Blue Martini Lafayette’s Mango’s Tropical I•Drive 360 Music Room Café & Nightclub Residential Dining Applebee’s I-Shops Del Frisco’s Itta Bena NBC Sports Restaurant Restaurant Grill & Brew Citi Lakes Luxury Apartments Shopping Artegon Orlando Banco do Brasil Wawa Integra Cove Marketplace Orlando Crossings Mall Apartments Accommodations Westgate Lakes Transportation Hampton Inn & Suites Resort & Spa North I•Drive Improvement Orlando at SeaWorld Project I•Drive 2016 Development: A Year in Review Attractions Entertainment SeaWorld’s Incredible Hulk Skull Island Cinemark Orlando Main Event Entertainment Mako Coaster Roller Coaster Reign of Kong Theater Complex at Pointe Orlando Dining Breakout Escape Rooms Orlando McDonald’s Toothsome Chocolate Emporium Tony Roma’s & Savory Feast Kitchen Accommodations Shopping Residential Loews Sapphire Resort Home2 Suites by Hilton Orlando The Courtney Apartments Seabra Foods at Universal Blvd. 3 9/28/2017 Total Projects by Year: Year Projects 2017 42 2018 15 2019 1 2020 1 2021 1 2022 1 Unknown 5 Grand Total: 66 idrivedistrict.com 2 Universal Orlando Resort Volcano Bay Water Park Description • 18 attractions • 4 unique areas: Krakatau, Wave Village, River • Race Through New York Starring Jimmy Fallon – April 2017 Village and Rainforest Village • Cabana Bay Beach Resort Expansion – May 2017 • blog.universalorlando.com • Aventura Hotel – August 2018 Construction Cost: $80 million • Fast & Furious Supercharged – 2018 Location: Universal Orlando Resort • Super Nintendo World (themed land) Completion: May 25, 2017 idrivedistrict.com blog.universalorlando.com 4 9/28/2017 5 Grand National Drive Overpass / 3 Lexus of Orlando Kirkman Road Interchange Description • 175,000 SF Description • Includes showroom & maintenance facility • Part of the I-4 Ultimate 21 mile makeover from Kirkman • www.lexusoforlando.com Road in Orange County to State Road 434 in Seminole County. Construction Cost: $33 million Location: 5725 Major Blvd. • www.i4ultimate.com/project-info Completion: September 2017 Location: Grand National Drive & Kirkman Rd Completion: August 2017 idrivedistrict.com 6 Grand National 12 iSquare Hotel & Mall Complex Description • Capella Suites & Solis Orlando Hotel Description • Two 23-story towers / 539 rooms total • 16.5 acre mixed-use project, including hotel • 424,800 SF multi-level upscale mall • 60,000 SF retail & restaurant space including: Bahama Breeze, Starbucks, Longhorn Steakhouse & U.S. Gift Factory • Seven-story parking garage, 25,000 SF luxury spa, • www.naproperties.com/projects/grand-national/ • Rooftop infinity pool, heliport & ice rink • www.isquareusa.com Construction Cost: $100 million Location: 5504 W. Oakridge Rd. Completion: Early 2020 Construction Cost: $400 million Location: 5656 International Drive idrivedistrict.com Completion: 2019 5 9/28/2017 13 Kirkman Point II Office Development 15 Universal’s “Project 566” Description Description • Four-story office building, 134,000 SF • Two hotels totaling 4,000 rooms • Class A, LEED Certified designated • Three parking garages, pools, pool deck & pool bar • www.cbre.com • blog.universalorlando.com Construction Cost: $20 million Construction Cost: Not disclosed Location: 7141 S. Kirkman Road Location: Former Wet ‘n Wild Completion: 4th quarter 2017 Completion: Unknown idrivedistrict.com Avanti Palms Resort & 16 18 SKYPLEX Entertainment Complex Conference Center Description • Skyscraper – world’s tallest coaster 500+ ft • SkyFall – 450-ft drop ride • Skysurf Park • Skyfly – 600-ft zipline • SkyLedge thrill experience • Sky Jump – 500-ft free fall dive attraction • Sky Plaza – retail & dining area Description • Open-air promenade, indoor arcade, •Branding change go-kart track •Remodel of guest rooms, lobby, dining facilities, pool area & • 450 room hotel 20,000 SF meeting space • Project size: 1.5 million SF • www.mangos.com/skyplex •www.avantiresort.com Construction Cost: $600 million Construction Cost: Not disclosed Location: NE corner of International Drive & Sand Lake Road Location: 6515 International Drive Completion: 2020 Completion: First quarter 2018 idrivedistrict.com 6 9/28/2017 20 Sand Lake Road Improvement Project 21 Hollywood Plaza Parking Garage Description • Entertainment and parking complex, 14-story facility Description • Circo Orlando: high-end Italian rooftop restaurant • Widening to 6 lanes, new sidewalks • 10 level / 880 space parking facility • Drainage improvements & bike paths • 9,500 SF ground level retail • www.cflroads.com Construction Cost: Part of $71 million project Construction Cost: $20 million Location: Extends from International Drive to Universal Location: 8050 International Drive Blvd. Completion: Fall 2017 Completion: 2018 idrivedistrict.com 22 Visit Orlando’s Official Visitors Center 23 Starflyer-Vue at 360 Description Description • 6,000 SF with 30-foot ceilings • World’s tallest spinning swing ride, 440 feet tall • www.visitorlando.com • Speeds up to 40 MPH, 24 passenger capacity Construction Cost: Not disclosed Construction Cost: $9 million Location: 8102 International Drive Location: 8255 International Drive Completion: September 2017 Completion: November 2017 idrivedistrict.com 7 9/28/2017 26 I-Drive Dedicated Transit Lanes 27 Uniq Hotel Description • 21-story hotel • 354 rooms Description • Top-floor adult pool, • Approximately 3 miles nightclub & restaurant • New sidewalks, landscaping and signage • www.paramounthospitality.com • www.orangecountyfl.net Construction Cost: Not disclosed Construction Cost: $18.7 million Location: 8738 International Drive Location: Sand Lake Road to the Beachline Completion: 2018 Completion: Late 2021 idrivedistrict.com 29 Andretti Indoor Karting & Games 30 Topgolf Orlando Description Description • 140,000 SF attraction including: Multi-level track, arcade, ropes • Three-level, 65,000 SF entertainment center course with zipline, 6 virtual-reality racing simulators, laser tag • Private event space arena, rock climbing, 12 bowling lanes, 7-D dark ride motion • 102 climate-controlled hitting bays theater, Andretti Grill & Sky Bar and more • www.topgolf.com/us/orlando • www.andrettikarting.com/Orlando/ Construction Cost: $30 million Construction Cost: Not disclosed Location: 9299 Universal Blvd. Location: 9200 Universal Blvd. Completion: Summer 2017 Completion: Fall 2017 idrivedistrict.com 8 9/28/2017 The Reserve at 34 I-Drive Pedestrian Bridge 37 Rosen Shingle Creek Resort Description • 640 room, 16-story condo tower, walk-in pool and lazy river Description • 133,000 SF operations building with parking, Multi-level • Connecting OCCC West Building to the Hyatt Regency Orlando parking garage • 410-foot enclosed bridge • 150,000 SF additional convention space • Escalator, 3 stairways, 2 elevators • www.rosenshinglecreek.com • www.orangecountyfl.net Construction Cost: $9.9 million Construction Cost: Not disclosed Location: 9800 International Drive Location: 9939 Universal Blvd. Completion: June 2017 Completion: Unknown idrivedistrict.com 41 SeaWorld Orlando Infinity Falls - Description • World’s tallest river rapid drop • Experience Class IV rapids • Aquatica’s Pass Member Pavilion - May 2017 • Vertical elevator leading to river launch 40 feet below • Kraken® Virtual Reality Roller Coaster - June 2017 • www.seaworldorlando.com • Dolphin Nursery - June 2017 Construction Cost: Not disclosed • Flamecraft Bar – Summer 2017 Location: 7007 Sea Harbor Drive • Sesame Street – Fall 2022 Completion: Summer 2018 idrivedistrict.com • www.seaworldorlando.com 9 9/28/2017 42 TownePlace Suites Orlando at SeaWorld 44 Homewood Suites Orlando Theme Park • Six-Story, 188 room hotel • 134 room hotel, 3.5 acres • www.marriott.com • www.homewoodsuites3.hilton.com Construction Cost: Not disclosed Construction Cost: $16 million Location: 10731 International Drive Location: 7077 Sea Harbor Drive Completion: June 2017 Completion: February 2017 43 Holiday Inn Express & Suites 45 Staybridge Suites Orlando at SeaWorld Orlando at SeaWorld • Six-story, 181 room hotel • Six-Story, 95 room hotel • www.ihg.com • www.ihg.com Construction Cost: Not disclosed Location: 10771 International Construction Cost: $12.7 million Drive Location: 6985 Sea
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