Saturday, February 22, 2020

DIX Developments Closes on $3.3 Million Sale of VIVE Office Building Near Downtown Orlando, FL

VIVE on Eola micro lofts / mixed-use high-rise , 205 S. Eola Drive, Thornton Park, Orlando, FL. 
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 . 

 Cynthia Shelton
 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. 

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 
Kurtz and Soderstrom will manage leasing the co-work offices.   Several short term work share spaces are still available until demo.

 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.

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.

Roger Soderstrom, Jr
About DIX Developments LLC:

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.


 Scott Prewitt
 Executive Vice President
 Business Development
DIX Developments, LLC,
407-542-6120 or 

James Dicks
 DIX Developments LLC,

Beth Payan
 Larry Vershel Communications, Inc.
407-644-4142 or 407-461-3781;