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| VIVE on Eola micro lofts / mixed-use high-rise , 205 S. Eola Drive, Thornton Park, Orlando, FL. |
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| James Dicks |
ORLANDO,
FL -- DIX Developments, LLC,
developer of Downtown Orlando’s micro lofts / mixed-use high-rise VIVE on Eola,
closed on the property at 205 S. Eola Drive in Thornton Park .
Whitestone
Legacy, LLC, a subsidiary of DIX Developments, LLC paid
$3,325,000.00 for the half-acre site with an existing 8,100 square foot office
building.
 |
| Cynthia Shelton |
John
Kurtz and Roger Soderstrom, Jr. represented
the buyer. Seller Eola Realty Partners LLC was
represented by Cynthia Shelton of Landqwest Commercial.
During
the planning stages and while government approvals are processed over the next
12 months prior to construction, DIX Developments will operate a co-work / shared
office facility with 17 large furnished executive offices that will be rented
on a month-to-month basis, according to James Dicks, CEO.
 |
| John Kurtz |
Meanwhile,
the 12-story VIVE on Eola featuring
the city’s first micro-lofts designed for young professionals “will address the
rising affordability crisis in the urban core,” Dicks said.
He anticipates the 120 units averaging 400 square feet starting at $1,250 a month will be pre-leased.
He anticipates the 120 units averaging 400 square feet starting at $1,250 a month will be pre-leased.
The
$32 million tower at the corner of South Eola Drive and Church Street in
historic Thornton Park will have a ground level signature restaurant, coffee
shop, three floors of parking and, potentially, as much as 13,500 square feet
of “we work” style office space.
About DIX Developments LLC:
 |
| Roger Soderstrom, Jr. |
DIX Developments, an award-winning firm that focuses on land acquisition, real estate development and real estate investment has been developing Central Florida real estate for seven generations with creative vision, acquisition strategy, expert due diligence and superior results.
CONTACTS:
Scott
Prewitt
Executive Vice President
Business Development
DIX
Developments, LLC,
407-542-6120
or
James
Dicks
CEO
DIX Developments LLC,
407-542-6120
Beth
Payan
Larry Vershel Communications, Inc.
407-644-4142 or 407-461-3781;
407-644-4142 or 407-461-3781;
1 comment:
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