Wednesday, June 24, 2020

Buyers of Milk District Area Site Near Orlando, FL Planned for Residential Infill


Julie Matura

ORLANDO, FL --- 2113 E. South Street , LLC purchased a 4.82-acre church and education site near downtown Orlando for $2.65 million as the City reviews their Planned Development application.  The owners will gift a portion of the infill project to a small downtown non-denominational church.   
Stirling International Real Estate Brokers John KurtzCCIM and Roger Soderstrom, Jr.  representing the Milk District area property, said the firm recently entered into a contract to sell 3.87 acres of the site to Surrey Homes USA who plans to construct 9 single-family Craftsman-style homes and 31 townhomes with rear-entry garages served by alleyways.  

Jim Poorman

Christian Swann, President and Founder of Surrey Homes, described the project as an excellent example of adaptive reuse and infill development for the locally owned and operated builder. 
 “It’s important to us to build homes that Surrey Homes and the residents of downtown Orlando will be proud of for years to come.  
"We’re thrilled to bring our unique, innovative home design to downtown Orlando and the Milk District,” said Swann.
The development plan submitted by the engineering team of CPH headed by Javier Omana calls for the school buildings on the property to be razed, but for the existing church sanctuary and fellowship hall to remain, which will create greater harmony with the residences.  
A proposed internal roadway network and landscape design that preserves stately trees is also part of the overall plan that merges nicely with surrounding neighborhoods, Kurtz explained.
John Kurtz
“Our strategy includes investing more than $250,000 in the existing Spanish/Mediterranean-style church sanctuary and fellowship hall on the remaining acre and gifting them to our H20 church family,” said Kurtz. 
 The growing congregation has been holding services in the Abbey on the ground floor of The Sanctuary condominium at 100 S. Eola Drive for over six years.  
Kurtz said the new residential infill project, which is consistent with the City’s Growth Management Plan, should move quickly. 
“It fosters a wise use of downtown land where housing is in demand and public services are already in place,” he said.
The new development at 2113 E. South St . is bound on the south by East South Street, existing single family homes to the east and west, and by Forest Circle and existing residences to the north.  
"As a long-time member of the Orlando Downtown Community, H2O Church is thrilled to be part of this new developing community in the Historic Milk District. We are looking forward to serving and blessing the surrounding community," said Pastor Jim Poorman of H20 Church.
Julie Matura, member of The Milk District’s Board of Directors, says they’re looking forward to welcoming new neighbors in the area. 


Roger Soderstrom, Jr. 
 “We’re happy to support thoughtful development by those who have demonstrated a commitment to revitalizing and building a stronger community.  

"Stirling 's restoration and donation of the church to a local parish and their willingness to listen to resident input in the planning process, exemplifies their role as a true community partner,” she said.

Committee and Planning Board reviews should be completed by late summer and construction of new homes is estimated to get underway by the end of this year.  

 CONTACTS:

John Kurtz, CCIM, Broker, Stirling International Real Estate, JKurtz@StirlingIRE.com (407) 250-1000

Roger Soderstrom, Jr., Broker, Stirling International Real Estate 
27 N. Summerlin Ave. Orlando, FL 32801;
407-250-1000 roger@stirlingire.com
           
Beth Payan, Larry Vershel Communications Inc. 407-644-4142 
or (cell) 407-461-3781 beth@larryvershel.com

Amanda Carns Hackett, Executive Vice President, Surrey Homes, acarns@surreyhomesusa.com (321) 280-4602


DWNTWN Realty Advisors Bolsters Team with Addition of Two New Executives


David Lerner 

MIAMI, FL, June 24, 2020– DWNTWN Realty Advisors, the premier commercial real estate firm founded by Tony Arellano and Devlin Marinoff, continues to aggressively grow during a time when competing brokerages are scaling back.

In the latest example, experienced industry professionals David Lerner and Myles Stepner have joined the firm as Executives.

 Based in Miami, both Lerner and Stepner add tremendous value to DWNTWN’s team of investment sales and leasing specialists.

 Lerner will focus on leasing transactions in all key urban core neighborhoods DWNTWN operates in, while Stepner will generate deals in those neighborhoods and help identify new opportunities in markets including Coral Gables, Coconut Grove and South Miami.

Myles Stepner
 “We are thrilled to welcome David and Myles to the DWNTWN family,” Arellano said. 

“Both are smart, passionate commercial real estate professionals who embody our firm’s forward-thinking, data-driven approach to creating optimal solutions for complex transactions.”

 Lerner’s long history in real estate started in his youth, assisting with his family’s multi-generational portfolio of properties in Miami’s Wynwood neighborhood.

 He has supported the family in the development and growth of the portfolio and expanded his focus to help other landlords, investors and business owners get the most out of their real estate transactions.

 Lerner’s prior experience includes building and overseeing large account management teams at technology companies in Tel Aviv and New York City for 10 years.

Tony Arellano
Stepner joins DWNTWN after spending more than five years representing property owners in significant transactions at Avison Young. 

While there, Stepner participated in more than $65 million in investment sales transactions with private and institutional real estate firms. 

He also served in various roles at Beacon Hill Property Group and The Katsikos Group.

 “We are making long-term investments in talented brokers with integrity, humility and a burning desire to be market makers and market leaders,” Marinoff said. “We plan to continue seeking opportunities to expand our team with such individuals.”
  
About DWNTWN Realty Advisors

Founded by seasoned real estate professionals Devlin Marinoff and Tony Arellano, DWNTWN Realty Advisors is a leading commercial real estate brokerage based in Miami.

The firm’s brokers have an unparalleled depth of knowledge about the urban core neighborhoods and other markets they serve.

Devlin Marinoff
DWNTWN operates with a unique territory-based approach, as each broker brings a specific product and market specialty to the firm.

With 50-plus years of combined experience and more than 500 completed deals totaling more than $2 billion in transactional volume, DWNTWN brings institutional quality advisory services to middle-market clients.

The firm focuses on transactions ranging from $3 million to $20 million, with a data-driven approach to generating optimal solutions for clients.








CONTACT:

Eric Kalis
Vice President
BoardroomPR
O 954-370-8999 
C 305-794-5123