In the Orlando real estate market, 2013 ended with a bang as a number of commercial developers and investors showed interest in the region.  During the last few months of 2013, a number of foreign and local investors alike made purchases or began on projects that channeled a great deal of money into the Central Florida area.  For example:

 

  • The Carroll Organization of Atlanta, GA, purchased Bala Sands Apartments in the west Orlando area for $36.3 million.

  • Canadian investors at the Highyon Assets Corporation acquired the Parkwood Plaza shopping center on Colonial Drive for $10.2 million, with plans to build on the undeveloped land included in the package.

  • Eckell Development group released plans for the first new condominiums to be built in New Smyrna Beach for eight years.  Called Waterford, these luxury beachfront condos will be priced from $600,000 to $1.5 million each.

 

What does this mean for Central Florida and the Orlando real estate market as a whole?  The Central Florida region has attracted big-name investors, creating a growing sense of confidence in the area’s real estate market.  Furthermore, these new developments can help to create jobs as well as to increase local property values.

Real Estate Closing Solutions of Florida is an independent Orlando title insurance and closing agency that focuses on unbiased and equal servicing expertise to all parties in the Orlando real estate transaction.  To learn more about what RECS can do for you, contact us today at 407-615-8550, read our website or stop by our office.