Magic aims to start building Sports + Entertainment District by early 2023 – Boston Herald
For the magic of orlandolast month – and especially since the start of training camp last week – has been dedicated to the introduction of the new state-of-the-art 130,000 square foot team AdventHealth Education Center.
Although the Magic are settling into their new training facility, they still keep their focus on a larger project that has been in the works for nearly a decade.
Orlando Magic CEO Alex Martins recently told the Orlando Sentinel that the organization plans to begin construction on the long-awaited over $500 million project. downtown Sports + Entertainment District end of March 2023.
He added that the project is expected to be a “two-year construction process” and be completed “sometime in 2025”, but was unsure when that would be.
Pat Gallagher, Sports + Entertainment District Manager, told GrowthSpotter in early September that the team would release more information on the project in the coming months.
“We’re still on track and certainly think we should be in the ground by the end of the first quarter of next year, starting construction,” Martins said. “Our development partner is working to finalize all funding as we speak. They hope to be successful this calendar year. Provided the market stays and doesn’t get much worse, we expect to be able to get into the ground by the end of the first quarter. [of 2023].”
The Sports + Entertainment District will be a mixed-use neighborhood on the 8.4 acres north of the Amway Center and east of the team’s training facility, which also has an orthopedic and sports medicine clinic operated by AdventHealth.
The project will include several amenities, including a hotel tower, restaurants, meeting and retail spaces, parking, and 420,000 square feet of office space.
The team’s sales staff, who have been work in a 23,000 square foot leased space in CNL Building II downtown, adjacent to City Hall after moving from their longtime offices in the RDV Sportsplex in Maitland last year, they will move into the offices of the Sports + Entertainment District when complete.
The Magic is bringing in a yet-to-be-announced development partner for the Sports + Entertainment District.
“The pandemic actually forced us to change development partners, so we’ve been going through that process over the last year,” Martins said. “They are very enthusiastic about it and believe in the development vision and its elements.
“It’s pretty much the same thing we talked about: the hotel, the office, the concert hall and the sports and entertainment related retail business. The vision and the plan remain essentially the same. We have a development partner who believes in this vision and who can be very successful.