The Creative Village team regularly interfaces with an active group of digital media and creative class companies that already call Orlando home, brainstorming about how we can make Creative Village the ideal “hub and home” for the creative class and give Orlando a competitive advantage in retaining and attracting talent. For more information, please contact Kelly Moody at email@example.com
The Amway Arena demolition and recycling are complete. Construction of the neighborhood street grid was completed in 2017 as part of the first phase of ground-level improvements. Vertical construction on multiple buildings began in 2017, and the first phase of new vertical development projects will come online in 2019 and 2020. Full build-out is expected to take 15-20 years.
Environmentally responsible demolition practices lead the way. The Amway Arena was demolished to accommodate the Creative Village, and the resulting debris was recycled and/or sorted for reuse, including approximately 94,000,000 pounds of concrete and an estimated 13,000,000 pounds of steel. Over 98% of the material was recycled, repurposed or stored for future use in the Creative Village infrastructure.
The job creation study for Creative Village estimates an additional 6,500 jobs in the local economy during the construction period. At build-out, there will be close to 5,000 permanent jobs, with more than 8,000 total Creative Village related jobs in the local economy. At build-out, Creative Village will represent over $1.5 billion in new development.
More than $20 million was secured for Phase I infrastructure, including federal grants and CVD equity investment. The majority of this work was funded by a Transportation Investment Generating Economic Recovery II (TIGER II) grant. The Creative Village TIGER II grant award represented an important vote of confidence in the project from the federal government. Construction on the LYNX LYMMO Lime Line and related infrastructure was completed in 2017.
Proximity to SunRail and LYNX Central Station will provide Creative Village and Parramore with improved regional access to jobs, education, social services, government facilities, entertainment, civic and cultural assets, and many other opportunities. The expansion of the LYNX LYMMO bus circulator system was completed in 2017 and serves Creative Village, Parramore and the west side of Downtown Orlando.
The Creative Village builds on the success of Orlando’s digital media industry by transforming the former site of the Amway Arena in Downtown Orlando into a 68-acre mixed-use, transit oriented, urban infill neighborhood that will be home to leading higher education providers; high-tech, digital media and creative companies; and a diverse mix of students, employees and residents. Creative Village fosters a “live, work, learn and play” lifestyle in the heart of Downtown Orlando while bringing exciting opportunities to the Parramore area.
Creative Village is a public/private partnership between the City of Orlando and the Master Developer, Creative Village Development, LLC (CVD): a joint venture between Banc of America Community Development Corporation (BACDC) and a local team led by Ustler Development, Inc.
>> Under the leadership of Orlando Mayor Buddy Dyer, the City of Orlando conceived the original idea for the Creative Village in Downtown Orlando and is the landowner.
>> BACDC is a for-profit, wholly owned subsidiary of Bank of America dedicated to the urban revitalization of cities throughout our nation, and is focused on the creation and preservation of affordable housing. BACDC is a leader in public/private partnerships specializing in master development of mixed-use communities and neighborhood reinvestment through the development of sustainable multifamily and senior housing.
>> The local development team, led by Ustler Development, Inc., knows the Downtown Orlando market and has an extensive track record in urban infill projects, documented success with neighborhood mixed-use projects and unparalleled local connections.
When complete, this high quality, sustainable neighborhood development will support a diverse and dynamic mix of uses including up to 1,200,000 square feet of office/creative space, 750,000 square feet of higher education space, 1,500 residential units, 1,500 student housing beds, 150,000 square feet of retail/commercial space and 225 hotel rooms.
Creative Village is centered around education and transit, including SunRail. It will be the largest transit-oriented development project in Central Florida, significantly expanding educational opportunities in Downtown Orlando (i.e., UCF and Valencia). Creative Village will showcase best practices in responsible development and will be one of the largest LEED-ND developments in Florida.