Increasing the story level to 30 gives the building a height of 440 feet or 1.5 feet shorter than Orlando's tallest Downtown office building, the 35-story, 441.6-foot, 750,000-sf SunTrust Center building at 200 S. Orange Ave.
The original plans by joint venture developers Lincoln Property Co. and locally based Dynetech Corp. was for 145,000 sf of office; 50,000 sf of retail and restaurant space; 500 parking spaces; and 145 rental apartments. The developers plan to break ground by September and have the complex open by year end 2006.
Dynetech plans to lease half of the office space when the project is completed. The company currently rents 36,000 sf at the 18-story Citrus Center, 201 S. Orange Ave. Dynetech calls itself a high-tech "enterprise development and management company" with a software products development staff of 325 in Orlando and a total national staff of 480. The company previously announced it expects to grow its local workforce with 275 new jobs over the next two years.
Dynetech Centre will be developed on one of the most expensive and smallest parcels Downtown--a 30,000-sf city-owned parking lot. Lincoln-Dynetech paid $2.2 million, or a record $73.33 per sf, for the pad. The developers are confident they can build Dynetech Centre on the less-than-three-quarters-of an-acre parcel. In their deal with the city, the developers agreed to make 400 of the 611 parking spaces available to the public at night and on weekends.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.