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...
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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
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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.
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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
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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
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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
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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
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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
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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
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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 Harbor Drive Completion: July 25, 2017 Completion: September 2017
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48 International Drive Widening Project 53 Vineland Pointe
Description • Widening from 4 to 6 lanes Description • www.orangecountyfl.net • Three-phase retail center
Construction Cost: $20.1 million • 69.41 acres Location: S. Westwood Blvd. to N. Westwood Blvd. • 447,500 SF retail space Completion: January 2018 • www.oconnorcp.com
Construction Cost: $48 million Location: I-4 and Daryl Carter Pkwy. idrivedistrict.com Completion: Phase 1 opens spring 2018
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Residential Apartments Additional Hotels
• The Addison at Universal Blvd. – 344 units, 2018 • Residence Inn Marriott Universal Studios – 196 rooms, • Lake Vue Apartments – 196 units, early 2017 late 2017 • Axis West – 268 units, April 2017 • Hyatt House Hotel – 168 rooms, 2018 • Westwood Park Apartments – 178 units, spring 2017 • Hyatt House – 175 rooms, June 2018 • Bainbridge Grande Pines Apartments – 322 units, • Hawthorn Suites by Wyndham Orlando – 176 rooms, January 2018 September 2017 • The Oasis at Grand Pines Apartments – 282 units, • Cambria Hotel & Suites – 140 rooms, 2017 June 2017 • Ancora Apartment Homes – 289 units, July 2017 • Solstice Apartments – 309 units, spring 2018
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11 International Drive Development Updates 2017 and Beyond Distributed exclusively by the I-Drive Business Improvement District. Total projects by year: 2017 - 42 | 2018 - 15 | 2019 - 1 | 2020 - 1 | 2021 - 1 | 2022 - 1 | Unknown - 5
Residence Inn Marriott Universal Studios – Five-story • 145,000 SF • 196 room extended-stay hotel • expected opening late 2017 1 www.marriott.com 1 Universal Orlando Resort – Volcano Bay Water Park – opening May 25, 2017 • Race Through New York Starring Jimmy Fallon: 2 3 2 themed ride – opened April 6, 2017 • Cabana Bay Beach Resort Expansion: Hotel tower with 399 rooms – opened May 2017 4 • Fast & Furious: Supercharged ride – opening 2018 • Aventura Hotel: 17-story, 600 rooms – opening August 2018 • Super Nintendo World - themed park blog.universalorlando.com 5 6 3 Lexus of Orlando – 175,000 SF showroom & maintenance facility – opening September 2017 www.lexusoforlando.com 4 Hyatt House Hotel – 9-story • 168 units • 136,160 SF • expected opening 2018 www.house.hyatt.com 7 Grand National Drive Overpass / Kirkman Road Interchange – expected completion September 2017 5 www.i4ultimate.com/project-info 8 9 Grand National - 16.5 acres • mixed-use project • 60,000 SF retail & restaurant space, including Bahama Breeze, 10 6 Starbucks, Longhorn Steakhouse & U.S. Gift Factory • hotel www.naproperties.com/projects/grand-national/ 12 11 16 15 Fun Spot America – Expansion to include new themes • Incorporate new food & beverage partners • Coasters 14 13 7 • 900 space parking lot • Water rides and much more fun-spot.com/fun-spot-americas-future/
Pollo Tropical – 3,642 SF restaurant • opened July 2017 www.pollotropical.com 8 17 Air Force Fun Helicopter Tours at Orlando Crossings Mall – 2,400 SF • two-story with two helicopter pad s 20 9 • opening November 2017 www.airforcefun.com 18 19 21 Hyatt House – Eight-story • 175 room hotel • expected opening June 2018 www.house.hyatt.com 10 22 23 I-Drive NASCAR – 5,000 SF additional meeting space • more attractions • redesign of bar & restaurant 24 11 • expected completion 2017 www.idrivenascar.com 25 26 iSquare Hotel & Mall Complex – Capella Suites and Solis Orlando Hotel: two 23-story towers 12 • 539 rooms total • 424,800 SF multi-level upscale mall, restaurants, meeting room and office space • seven-story parking garage • 25,000 SF luxury spa • rooftop infinity pool, heliport & ice rink • expected opening 2019 www.isquareusa.com 27 30 28 29 Kirkman Point II Office Development – 134,000 SF Class A office building • expected opening Q4 2017 31 13 www.cbre.com 32 Pio Pio Restaurant – New larger location • full bar • Colombian / Peruvian cuisine • opened May 4, 2017 14 www.mypiopio.com 33
Universal “Project 566” – two hotels • 4,000 rooms • three parking garages • pools, pool decks and pool bars 34 15 blog.universalorlando.com 35 37 36 16 Avanti Palms Resort & Conference Center – Rebrand & remodel of guest rooms, lobby, dining areas, pool & 20,000 SF meeting space • completion first quarter 2018 www.avantiresort.com
17 Hogan’s Beach Shop – retail store including beach wear, wrestling souvenirs, Hulk Hogan memorabilia and life size statues for photo ops • opened March 30, 2017 www.shophulkhogan.com 39 SKYPLEX Entertainment Complex – Home to the Skyscraper – world’s tallest coaster at 500+ feet 38 18 • SkyFall – a 450-foot drop ride • Skyfly – a 600-foot zipline • Skysurf Park • SkyLedge thrill experience • Sky Jump – 500-foot free fall dive attraction • Sky Plaza – retail & dining area • open-air promenade 40 41 • indoor arcade • 450 room hotel • go-kart track • expected opening 2020 www.mangos.com/skyplex 42 19 Hawthorn Suites by Wyndham Orlando - 176-unit renovation including appliances, paint, furniture & TVs 43 • estimated completion September 2017 www.wyndhamhotels.com 44 45 Sand Lake Road Improvement Project – Widening to 6 lanes • drainage improvements • bike paths 46 47 20 • new sidewalks • extends from I-Drive to Universal Blvd. • expected completion 2018 www.cflroads.com
Hollywood Plaza Parking Garage – 14-story facility • Circo Orlando: high-end Italian rooftop restaurant 21 • 10-level, 880 space parking garage • 9,500 SF ground level retail • opening fall 2017
Visit Orlando’s Official Visitors Center – 6,000 SF • 30-foot ceilings • opened September 2017 49 48 22 www.visitorlando.com 50 51 Starflyer-Vue at 360 – World’s tallest spinning swing ride • 440 feet tall 52 23 • expected opening November 2017 24 Lockbusters Escape Game – Five unique themed adventure rooms • opened May 26, 2017 www.lockbustersgame.com
Uncle Julio’s – 8,515 SF restaurant • ‘Scratch Mexican’ food 53 7081 Grand National Dr., Suite 105 Orlando, FL 32819 25 • opened June 27, 2017 www.unclejulios.com 54 407-248-9590 • IDriveDistrict.com Map not to scale • Subject to change without notification 26 I-Drive Dedicated Transit Lanes – Dedicated bus transit lanes from Sand Lake Rd. to the Beachline • expected completion late 2021 55 9-20-17 www.orangecountyfl.net 27 Uniq Hotel – 21-story • 354 rooms • top-floor adult pool, nightclub & restaurant • expected opening 2018 www.paramounthospitality.com
iFLY Orlando Indoor Skydiving – One-story, 14,000 SF building 28 featuring two wind tunnel tubes • opened May 3, 2017 www.iflyworld.com
Andretti Indoor Karting & Games – 140,000 SF attraction to include multi-level go-karting, laser tag, rock climbing, bowling and more • opening fall 2017 29 www.andrettikarting.com/andretti-orlando/ 30 Topgolf Orlando – Three-level • 65,000 SF entertainment center with private event space • 102 climate-controlled hitting bays • expected opening fall 2017 www.topgolf.com/us/orlando Las Palmeras by Hilton Grand Vacations – Expansion to include new activity center, splash pad, two-story pool waterslide, expanded lounge seating & grass-covered event space 31 • completion 2nd half of 2017 www3.hilton.com
32 The Addison at Universal Blvd. – 344-unit apartment complex on 12.1 acres • expected completion 2018 www.contravest.com/development/addison-universal-boulevard-orlando-fl/ 33 CVS Pharmacy – 13,615 SF store & pharmacy • opened first quarter 2017 www.cvs.com 34 I-Drive Pedestrian Bridge – Will connect the OCCC West Building with the Hyatt Regency Orlando • completed June 2017 www.orangecountyfl.net 35 Orange County Convention Center Capital Improvements – The largest renovation project in the venue’s history • full completion 2018 www.occc.net/cip Westgate Lakes Resort & Spa – The Village Shops at Westgate Lakes: 50,000 SF meeting space, restaurant & retail - opened July 2017 36 • Westgate Resort Condominiums: Eight-story, 80 units – expected completion summer 2017 • 2 nd eight-story, 80 units - opening summer 2018 www.westgateresorts.com
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The Reserve at Rosen Shingle Creek Resort – 640 room •16-story condo tower • walk-in pool and lazy river • 133,000 SF operations building with parking 37 • 150,000 SF additional convention space • multi-level parking garage www.rosenshinglecreek.com 38 Lake Vue Apartments – 196 units on 16 acres • opened early 2017 www.lakevueorlando.com 39 DoubleTree by Hilton Orlando at SeaWorld – Up to 40,000 SF new indoor/outdoor space • completion 2017 www.doubletree3.hilton.com 40 Renaissance at SeaWorld – 41,731 SF new meeting space www.marriott.com SeaWorld Orlando - Aquatica’s Pass Member Pavilion – opened May 2017 • Kraken® Unleashed - opened June 16, 2017 • Dolphin Nursery - opened June 2017 41 • Flamecraft Bar – opened summer 2017 • Infinity Falls – opening summer 2018 • Sesame Street land - fall 2022 www.seaworldorlando.com 42 TownePlace Suites Orlando at SeaWorld – Six-story • 188 room hotel • opened June 2017 www.marriott.com 43 Holiday Inn Express & Suites Orlando at SeaWorld – Six-story • 181 room hotel • opened July 27, 2017 www.ihg.com 44 Homewood Suites Orlando Theme Park – 134 room hotel on 3.5 acres • opened February 2017 www.homewoodsuites3.hilton.com 45 Staybridge Suites Orlando at SeaWorld – Six-story • 95 room hotel • opened September 2017 www.ihg.com 46 Axis West – 268-unit luxury apartment complex • began leasing April 2017 www.axiswestapartments.com 47 Cambria Hotel & Suites – Seven-story • 140 room hotel • expected opening 2017 www.choicehotels.com International Drive Widening project – Widening from 4 lanes to 6 lanes from S. Westwood Blvd. to N. Westwood Blvd. • expected completion in January 2018 48 www.orangecountyfl.net
49 Westwood Park Apartments – Three-story garden -style walkup apartments • 178 units • opened spring 2017 www.mywestwoodparkapts.com Bainbridge Grande Pines Apartments – Eight 4-story buildings with elevators • 322 units • 8,500 SF clubhouse • estimated completion January 2018 50 www.bainbridgecompanies.com
51 The Oasis at Grande Pines – 282 unit luxury apartment community • opened June 2017 www.theoasisgrandepines.com 52 Ancora Apartment Homes – 289 units • began leasing July 2017 • full completion unknown www.ancoraapartments.com 53 Vineland Pointe – Three-phase retail center • 69.41 acres • 447,500 SF retail space • Phase 1 opens spring 2018 www.oconnorcp.com 54 Solstice Apartments – 309-unit luxury apartment homes • completion spring 2018 www.nwrliving.com 55 Calypso’s Pool Bar & Grille at Caribe Royale – Floribbean restaurant and clubhouse • 3,600 SF • opened January 2017 www.cariberoyale.com
I-Drive Business Improvement District 7081 Grand National Dr. • Suite 105 • Orlando, Florida 32819 Phone 407-248-9590 • Fax 407-248-9594 www.InternationalDriveOrlando.com • www.IRideTrolley.com www.IDriveDistrict.com updated: 9-20-17
International Drive Development Updates 2017 and Beyond More than $2 billion of high-profile development planned through 2022.