New Lake Eola Tower Proposed

New Lake Eola Tower Proposed

The latest new proposal for a high-rise in the heart of downtown Orlando is a 28-story mixed-used tower smack on the shores of Lake Eola.

A development company that includes Marc Bortz of Chicago-based Bortz Group owns the property. According to the new Lake Eola tower plans, the building would replace the City Centre building at 205 E. Central Blvd, built in 1925, and two neighboring buildings. The corner currently has a 7-Eleven store on it. The new proposal envisions 215 multifamily units and about 25,000 square feet of commercial uses, with a 467-space parking garage.

At the same time, another developer filed a plan for a 26-story tower at the University Club property, catty corner from the new Lake Eola tower proposal, called Modera Central. The Modera plan calls for 394 residential units, 7,000 square feet of ground floor commercial space, and 19,500 square feet for a new University Club facility. The developer on that plan is Mill Creek Residential.

Bortz has been active in other downtown Orlando developments. He was recently part of the only development team to submit a plan for a boutique hotel in front of the Dr. Phillips Center for the Performing Arts.

Attorney Jennifer Slone Tobin, with Shutts & Bowen, is handling the new Lake Eola tower plan submission to the City of Orlando. The architect on the plans is Humphreys & Partners Urban Architects.

The proposal is part of a flurry of many new high-rise development plans for downtown Orlando. In the past few months, plans for Tremont Tower, the University Club, and CNL Tower III have been unveiled, as well as several others.

Source: “New 28-story tower proposed on shores of Lake Eola,” Orlando Sentinel