To say that Orlando, Fla. is a major tourist destination is an understatement. But where, in particular, are a lot of those folks going? If you said International Drive, you would be correct.
Over the past five years, the number of visitors flocking to I-Drive – an 11.1-mile-long thoroughfare filled with attractions and eateries -- has been soaring. That, in turn, is fueling interest in property investment and development.
One of the most recent deal announcements was CoCo Key Water Resort on I-Drive, which was sold to InSite Orlando One, LLC, for $15.1 million in November 2015.
Another announcement came in early December,after Orange County commissioners unanimously approved the ambitious Skyplex Orlando Development. Set to open in 2018, it aims to be a record-breaking theme park. Skyplex is expected to cost nearly $500 million and will sport many “world’s first” titles among roller coaster rides, such as world’s tallest coaster with the steepest drop and tallest inversion – and the world’s largest man-made surfing wave pool. Read More
