Hillcrest Reimagined | Redevelopment Opportunity

108 Hillcrest Street is strategically located at the southeast corner of Hillcrest Street and Magnolia Avenue within the Lake Eola Heights District of downtown Orlando. With a northern exposure, the property is near the entrance to downtown and is poised to benefit from future improvements in the area. While not currently registered as a historical landmark, the site lies within the Lake Eola Heights District, a designated historic neighborhood. This district is one of downtown Orlando’s oldest and most architecturally diverse, predominantly residential areas, featuring a mix of Craftsman, Mediterranean Revival, Colonial Revival, and frame vernacular residences that complement Art Deco and traditional homes, as well as established condominiums. As of 2024, the property is located within a 1-mile radius boasting an average household income of $125,973, with projections indicating an increase to $137,492 by 2029, reflecting a 1.77% annual growth rate. The population within the same 1-mile radius stands at 21,506 in 2024, with an expected annual growth rate of 3.42%, reaching 25,448 by 2029. This demonstrates a strong and consistent growth trend in the region. The median age within this radius is 35.5 years, with an average household size of 1.67. Renter-occupied housing units total 9,184, with projections showing growth to 11,413 by 2029. The City of Orlando is committed to furthering the area's growth through continued improvements, including road infrastructure upgrades, business incentive programs, and the development of new parks and pathways designed to enhance connectivity throughout the city core.Positioned within the heart of the Orlando Central Business District, Hillcrest Reimagined presents a rare and compelling redevelopment opportunity. Strategically located along a high-visibility corridor on the north side of Downtown Orlando, this site offers developers an opportunity to create a lasting impact within one of Central Florida’s most dynamic urban markets. Zoned O-3/T within the City of Orlando, the property provides a flexible redevelopment path supporting both office and residential uses. Alternatively, the Office-High Intensity Future Land Use designation allows for residential density up to 200 dwelling units per acre, with a 10% allocation for office development — offering a range of possibilities to meet market demand. Rich in history, the site was originally constructed in 1921 as the residence of Orlando Mayor Latta M. Autrey, with architectural design by Murry S. King, one of Orlando’s most notable early architects. Designed in the Chicago/Prairie Style, the building features distinct elements such as Tuscan columns and white concrete trim, echoing the elegance of its era. Now is your opportunity to reimagine 108 Hillcrest Street — blending historic significance with modern vision — and establish your legacy in the evolving landscape of Downtown Orlando.