Westwood Land Site (Orlando, FL)
6305 Westwood Boulevard, Orlando, FL, 32821, US
2.94 ha
Jones Lang LaSalle Americas, Inc. (JLL) is pleased to offer the sale of 7769 W Irlo Bronson, a premier redevelopment opportunity located along the heavily-traveled and active West Highway 192 corridor in Osceola County, Florida. The ±23.18-acre site provides a rare opportunity to repurpose a former resort hotel into a vibrant multifamily development positioned to take advantage of the activity and growth taking place in the area.
The site is located just outside of the southern boundary of the Walt Disney World complex and offers easy access for Disney employees to live near their workplace. The convenience of the location is further enhanced by the proximity to the major retail (Publix, Target, Ross Dress For Less, Ulta Beauty) at the intersection of SR-429 and Hwy 192 (1.25 miles away). Additional demand drivers in the area consist of Advent Health Celebration (3.5 miles), Margaritaville Resort Orlando (.75 miles), Disney Springs (5 miles) and Orlando College of Osteopathic Medicine (8.5 miles). Additionally, the site is strategically located between the SR 429 and I-4 corridors providing easy access to Horizon West and Downtown Orlando.
Development activity for new multifamily projects in the area between SR 429 and I-4 have been limited by the mature development that exists along the corridor. As a result, rental rates have remained in a range that is supportive of new Class-A development. This site presents an opportunity to be the best positioned new development that capitalizes on the rental drivers, amenities and robust tenant base that exist in the trade area. Current zoning is PUD and the future land use is Tourist Commercial. Entitlements would have to be modified to allow multifamily, however the initial feedback from the County was very supportive.
Lower Supply Micromarket
Excellent Connectivity
Immediate Retail Node
Accessibility to Celebration Demand
Strong Demographic Profile