(For more retail coverage, click GlobeSt.com/RETAIL.)multifamily marketclick here
ORLANDO-A decision by the city to rezone 20 acres on SouthOrange Avenue to planned development pushes a 700,000-sf plan byKimco Developers and North American Properties closer to a startdate. The project will be known as SoDo for its location south ofDowntown; NAP declines to reveal the development costs.
The joint venture submitted the zoning application to the cityearlier this year, as GlobeSt.com previously reported. With themove by the city, the industrial block between Grand and WestCrystal Lake streets will be transformed into an "urban activitycenter," according to Cincinnati-based NAP. Sources previously putthe price tag for SoDo at an estimated $100million.
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