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 Sherry Gutch at email@example.com.
Phase One at Creative Village is well underway and represents more than $700 million in development activity. Creative Village opened in 2019 with over 8,000 students/faculty/staff at the UCF Downtown and Valencia Downtown Campus and more than 600 student housing beds. 256 mixed-income apartments were completed and delivered in 2019. Phase One also includes the completion of 409 market-rate apartments delivered in 2020 and the construction of a build-to-suit office building for the Electronic Arts Orlando Studio with over 700 employees to be completed in October 2021. In 2022, an additional 292 market-rate apartments will be delivered and Luminary Green park will be completed. Full build-out of Creative Village is planned to take 15-20 years.
The master redevelopment of Creative Village represents several core principles and best practices of responsible and sustainable development. This urban infill site was formerly used as a sports arena with large surface parking lots. Through master redevelopment efforts, the former Amway Arena was demolished using environmentally conscious methods and the land has been repurposed into an urban, walkable, mixed-use, mixed-income and transit oriented district. Creative Village is a dense and diverse urban environment. The urban design and development program help address key social and economic factors including health and wellness, a variety of housing types, access to public education, parks and open space, mobility and transportation choices, economic development, environmental sustainability and smart city initiatives. Master planning efforts, including the Mobility Plan, Infrastructure Master Plan and Parks and Open Space Master Plan, set forth a long term framework for responsible and sustainable development. For example, the Creative Village Mobility Plan is keenly focused on transit oriented development and reducing reliance on the automobile by facilitating convenient transportation choices such as walking, biking, ride sharing, bus rapid transit and commuter rail. Vertical development of new buildings at Creative Village provides opportunities for many sustainable features including energy efficient construction materials, energy saving appliances, efficient building systems, EV charging stations, LED lighting, low-E glass, low irrigation landscaping and recycling.
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 a local team led by Ustler Development, Inc. and Banc of America Community Development Corporation (BACDC).
>> 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.
>> 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.
>> 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.
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.