{"id":1004067744,"date":"2013-02-22T12:03:07","date_gmt":"2013-02-22T20:03:07","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=104433"},"modified":"2022-03-03T00:25:26","modified_gmt":"2022-03-03T08:25:26","slug":"rida-developments-200m-transit-oriented-project-gets-preliminary-approval","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/rida-developments-200m-transit-oriented-project-gets-preliminary-approval\/","title":{"rendered":"Rida Development\u2019s $200M Transit-Oriented Project Gets Preliminary Approval"},"content":{"rendered":"<p style=\"text-align: justify\"><em>By Georgiana Mihaila, Associate Editor<\/em><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/02\/lake-eola-aerial.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-104438\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/02\/lake-eola-aerial.jpg\" alt=\"\" width=\"300\" height=\"132\" \/><\/a><\/p>\n<p style=\"text-align: justify\">RIDA Development\u2019s master plan for a $200 million, multi-phased mixed-use development won the approval of Orlando&#8217;s Municipal Planning Board on Tuesday, and must now go before the City Council.<\/p>\n<p style=\"text-align: justify\">The ambitious project was first announced in 2011, when Mayor Buddy Dyer included RIDA\u2019s idea in his State of Downtown speech.<\/p>\n<p style=\"text-align: justify\">The mixed-use Central Station project will spread over a 5.6-acre parcel adjacent to the Lynx Central Station and across Orange Avenue from the Orange County Courthouse. The location facilitates a direct connection to SunRail, the 61-mile commuter train system scheduled to launch in 2014, making the Central Station the first example of transit-oriented development tied to the SunRail. According to a plan previously released by the developer, a spine running through the center of the complex would link Orange Avenue with downtown\u2019s main SunRail platform at the Lynx center.<\/p>\n<p style=\"text-align: justify\">The 5.6-acre tract, considered to be the largest undeveloped parcel downtown, was purchased by RIDA Development for $15.1 million in 2008 from Palm Beach Land Trust\u2014that also had plans for a $250 million mixed-use project tied into the commuter-rail system. Previous to Palm Beach Land Trust, the property was owned by Ron Pizzuti, who proposed Orlando City Center\u2014a tower topped by a large open cube\u2014but the project was shut down by the Federal Aviation Administration as its height would have endangered the Orlando Executive Airport air traffic.<\/p>\n<p style=\"text-align: justify\">The development consists of three phases, with the first estimated at approximately $100 million. The first phase of the development will add a126-room hotel, a 275-unit apartment building with a 411-space parking garage, and a 97-space parking lot accompanied by ground-floor shops and restaurants.<\/p>\n<p style=\"text-align: justify\">According to the <a href=\"https:\/\/www.orlandosentinel.com\/business\/os-central-station-development-20130219,0,5655829.story\" rel=\"nofollow\"><em>Orlando Sentinel<\/em><\/a>, if the master plan gets the final approval from the City Council, construction could start this year on the residential component\u2014where Crescent Resources will serve as RIDA Development\u2019s multifamily partner.<\/p>\n<h6 style=\"text-align: justify\">Image: Orlando, Lake Eola aerial<\/h6>\n","protected":false},"excerpt":{"rendered":"<p>RIDA Development&rsquo;s master plan for a $200 million, multi-phased mixed-use development won the approval of Orlando&#8217;s Municipal Planning Board on Tuesday, and must now go before the City Council. The ambitious project was first announced in 2011, when Mayor Buddy Dyer included RIDA&rsquo;s idea in his State of Downtown speech.<\/p>\n","protected":false},"author":33,"featured_media":1004505816,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1493],"tags":[1815,39399],"class_list":["post-1004067744","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-orlando","tag-national","tag-orlando"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Rida Development\u2019s $200M Transit-Oriented Project Gets Preliminary Approval - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/rida-developments-200m-transit-oriented-project-gets-preliminary-approval\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rida Development\u2019s $200M Transit-Oriented Project Gets Preliminary Approval\" \/>\n<meta property=\"og:description\" content=\"RIDA Development&rsquo;s master plan for a $200 million, multi-phased mixed-use development won the approval of Orlando&#039;s Municipal Planning Board on Tuesday, and must now go before the City Council. The ambitious project was first announced in 2011, when Mayor Buddy Dyer included RIDA&rsquo;s idea in his State of Downtown speech.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/rida-developments-200m-transit-oriented-project-gets-preliminary-approval\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-02-22T20:03:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-03T08:25:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/lake-eola-aerial.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Georgiana Mihaila\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rida-developments-200m-transit-oriented-project-gets-preliminary-approval\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rida-developments-200m-transit-oriented-project-gets-preliminary-approval\\\/\"},\"author\":{\"name\":\"Georgiana Mihaila\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/7f47e1fdc15ee76043a807c37aa761f9\"},\"headline\":\"Rida Development\u2019s $200M Transit-Oriented Project Gets Preliminary Approval\",\"datePublished\":\"2013-02-22T20:03:07+00:00\",\"dateModified\":\"2022-03-03T08:25:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rida-developments-200m-transit-oriented-project-gets-preliminary-approval\\\/\"},\"wordCount\":327,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rida-developments-200m-transit-oriented-project-gets-preliminary-approval\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/lake-eola-aerial.jpg\",\"keywords\":[\"National\",\"Orlando\"],\"articleSection\":[\"News\",\"Orlando\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rida-developments-200m-transit-oriented-project-gets-preliminary-approval\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rida-developments-200m-transit-oriented-project-gets-preliminary-approval\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rida-developments-200m-transit-oriented-project-gets-preliminary-approval\\\/\",\"name\":\"Rida Development\u2019s $200M Transit-Oriented Project Gets Preliminary Approval - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rida-developments-200m-transit-oriented-project-gets-preliminary-approval\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rida-developments-200m-transit-oriented-project-gets-preliminary-approval\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/lake-eola-aerial.jpg\",\"datePublished\":\"2013-02-22T20:03:07+00:00\",\"dateModified\":\"2022-03-03T08:25:26+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/7f47e1fdc15ee76043a807c37aa761f9\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rida-developments-200m-transit-oriented-project-gets-preliminary-approval\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rida-developments-200m-transit-oriented-project-gets-preliminary-approval\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rida-developments-200m-transit-oriented-project-gets-preliminary-approval\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/lake-eola-aerial.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/lake-eola-aerial.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rida-developments-200m-transit-oriented-project-gets-preliminary-approval\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Rida Development\u2019s $200M Transit-Oriented Project Gets Preliminary Approval\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/7f47e1fdc15ee76043a807c37aa761f9\",\"name\":\"Georgiana Mihaila\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/701123f51f1573cc9bff912fc3f0429d493e3510649d1a43b3860d25016b8d71?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/701123f51f1573cc9bff912fc3f0429d493e3510649d1a43b3860d25016b8d71?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/701123f51f1573cc9bff912fc3f0429d493e3510649d1a43b3860d25016b8d71?s=96&d=mm&r=g\",\"caption\":\"Georgiana Mihaila\"},\"description\":\"After spending the first 6 years of her career training in the art of real estate alongside the Yardi team, Georgiana went on to become VP of Marketing for Montreal-based fintech company NestReady, then to run the marketing department behind one of the world\u2019s leading self-dev media companies, Goalcast Inc. She\u2019s now combining her passion for engaging content with a long-lasting addiction to real estate on FancyPantsHomes.com\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/georgiana\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Rida Development\u2019s $200M Transit-Oriented Project Gets Preliminary Approval - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/rida-developments-200m-transit-oriented-project-gets-preliminary-approval\/","og_locale":"en_US","og_type":"article","og_title":"Rida Development\u2019s $200M Transit-Oriented Project Gets Preliminary Approval","og_description":"RIDA Development&rsquo;s master plan for a $200 million, multi-phased mixed-use development won the approval of Orlando's Municipal Planning Board on Tuesday, and must now go before the City Council. The ambitious project was first announced in 2011, when Mayor Buddy Dyer included RIDA&rsquo;s idea in his State of Downtown speech.","og_url":"https:\/\/www.commercialsearch.com\/news\/rida-developments-200m-transit-oriented-project-gets-preliminary-approval\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2013-02-22T20:03:07+00:00","article_modified_time":"2022-03-03T08:25:26+00:00","og_image":[{"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/lake-eola-aerial.jpg?w=1024","width":1024,"height":1024,"type":"image\/jpeg"}],"author":"Georgiana Mihaila","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/rida-developments-200m-transit-oriented-project-gets-preliminary-approval\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/rida-developments-200m-transit-oriented-project-gets-preliminary-approval\/"},"author":{"name":"Georgiana Mihaila","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7f47e1fdc15ee76043a807c37aa761f9"},"headline":"Rida Development\u2019s $200M Transit-Oriented Project Gets Preliminary Approval","datePublished":"2013-02-22T20:03:07+00:00","dateModified":"2022-03-03T08:25:26+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/rida-developments-200m-transit-oriented-project-gets-preliminary-approval\/"},"wordCount":327,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/rida-developments-200m-transit-oriented-project-gets-preliminary-approval\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/lake-eola-aerial.jpg","keywords":["National","Orlando"],"articleSection":["News","Orlando"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/rida-developments-200m-transit-oriented-project-gets-preliminary-approval\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/rida-developments-200m-transit-oriented-project-gets-preliminary-approval\/","url":"https:\/\/www.commercialsearch.com\/news\/rida-developments-200m-transit-oriented-project-gets-preliminary-approval\/","name":"Rida Development\u2019s $200M Transit-Oriented Project Gets Preliminary Approval - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/rida-developments-200m-transit-oriented-project-gets-preliminary-approval\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/rida-developments-200m-transit-oriented-project-gets-preliminary-approval\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/lake-eola-aerial.jpg","datePublished":"2013-02-22T20:03:07+00:00","dateModified":"2022-03-03T08:25:26+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7f47e1fdc15ee76043a807c37aa761f9"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/rida-developments-200m-transit-oriented-project-gets-preliminary-approval\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/rida-developments-200m-transit-oriented-project-gets-preliminary-approval\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/rida-developments-200m-transit-oriented-project-gets-preliminary-approval\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/lake-eola-aerial.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/lake-eola-aerial.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/rida-developments-200m-transit-oriented-project-gets-preliminary-approval\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Rida Development\u2019s $200M Transit-Oriented Project Gets Preliminary Approval"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7f47e1fdc15ee76043a807c37aa761f9","name":"Georgiana Mihaila","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/701123f51f1573cc9bff912fc3f0429d493e3510649d1a43b3860d25016b8d71?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/701123f51f1573cc9bff912fc3f0429d493e3510649d1a43b3860d25016b8d71?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/701123f51f1573cc9bff912fc3f0429d493e3510649d1a43b3860d25016b8d71?s=96&d=mm&r=g","caption":"Georgiana Mihaila"},"description":"After spending the first 6 years of her career training in the art of real estate alongside the Yardi team, Georgiana went on to become VP of Marketing for Montreal-based fintech company NestReady, then to run the marketing department behind one of the world\u2019s leading self-dev media companies, Goalcast Inc. She\u2019s now combining her passion for engaging content with a long-lasting addiction to real estate on FancyPantsHomes.com","url":"https:\/\/www.commercialsearch.com\/news\/author\/georgiana\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/lake-eola-aerial.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004067744","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004067744"}],"version-history":[{"count":2,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004067744\/revisions"}],"predecessor-version":[{"id":1004569793,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004067744\/revisions\/1004569793"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004505816"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004067744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004067744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004067744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}