Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.
The Orlando Magic’s plan for a sports-centric destination across from downtown’s Amway Center has the potential to be a breath of fresh air for the region — bringing online many components drawing new business.
Earlier this month, the NBA team announced San Francisco-based JMA Ventures LLC and Houston-based Machete Group as the design, developers and co-financiers behind its $500 million future Sports + Entertainment District. The 8.5-acre project will have a 260-room hotel tower, 200,000 square feet of Class A office space including the Magic’s corporate headquarters, 270 residential units, 1,100-space parking garage, 125,000 square feet of retail space, a 3,500-capacity live event venue, a centralized plaza and more.
The project aims to break ground by the end of 2024 and have 2.5 years of construction — potentially placing its debut sometime in 2026.
Click here to read the full story on the Orlando Business Journal’s website.