Downtown Orlando Condos

DOWNTOWN ORLANDODowntown Orlando Condominiums
Population: 304, 349 within a five-mile radius of Central Boulevard at Orange Avenue
Demographics: Median age is 37.5; 59.7 percent white, 29.9 percent black, 23 percent Hispanic
Average household income: $60,354
Median household income: $42,800
Schools: Lake Highland Preparatory School, Howard Middle School, Hillcrest Elementary School, Trinity
Lutheran School, Fern Creek Elementary, Jones High School, William R. Boone High School, The Christ
Colleges: Valencia Community College – satellite campus, University of Central Florida – Downtown
Campus, UCF – Florida Interactive Entertainment Academy, Florida A&M University – School of Law
Entertainment: The Plaza Cinema Café, Amway Center, Orlando Museum of Art, the Orlando
Philharmonic Orchestra, Orlando Repertory Theatre, Orlando Science Center, Orlando Shakespeare
Theater. Dr. Phillips Center for the Performing Arts is under construction.

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Ever since the $480 million Amway Center sports and entertainment complex opened in downtown
Orlando, city leaders have been betting on a renaissance for the urban area. The impressive new
building opened in 2010 on Church Street and attracts thousands of visitors each year with concerts,
events and Magic basketball games. When it opened, downtown Orlando was already experiencing
tremendous growth with construction of some major projects finished and additional ones on the
drawing board.

One of the most exciting projects in progress is to transform the former Amway Arena site, 68 acres in
the Parramore area of downtown, into a new urban neighborhood to be called Creative Village. It will be
a mix of high-tech companies, residences, and retail and entertainment entities, where people will be
able to live, work and play without leaving their neighborhood. Demolition of the old Amway Arena has
already taken place and development of the new planned community is currently in the works.

Among other recent additions to the Orlando skyline are major projects like the VUE at Lake Eola, 55
West and the Paramont on Lake Eola — all of them large-scale, high-rise condominium projects — One
Eleven North Magnolia, an office and residential tower; and The Plaza, a sprawling retail, entertainment,
residential and office project.

Many other major projects are proposed such as Sky House luxury apartments, several hotel projects, a
new transportation hub called Central Station. Church Street station was one of the first concentrated
areas for nightlife and dining in downtown Orlando and it has seen many changes during the last few
decades. It, too, is undergoing re-development with an improvement of the area’s streetscape also in
the works.

With the Amway Center completed and opened, the city is now focused on other major projects in the
area, including the new multimillion-dollar Dr. Phillips Center for the Performing Arts and an overhaul of
the Florida Citrus Bowl stadium to accelerate the gentrification.

Downtown Orlando is a bustling area that is home to local and state government offices, sports facilities,
art galleries, a movie theater, retail, nightclubs and parks. Numerous festivals, annual parades and
other major events also take place there.

At the heart of downtown, on the edges of the Central Business District, is Lake Eola Park, a 43-acre
recreational area with spacious sidewalks for walking or jogging around a nearly-one-mile loop that
circles the water of Lake Eola with an iconic fountain that is a symbol for the city. Plus, there is an
outdoor café, a children’s playground area, swan paddle boat rides and the Walt Disney Amphitheatre
for special events.

The Downtown Orlando Historic District has buildings that date back to the 1800s and a cultural corridor
that includes Loch Haven Park, in the Lake Formosa neighborhood, is a cluster of arts and culture
organizations such as the Orlando Museum of Art, the Mennello Museum of American Art, the Orlando
Philharmonic Orchestra, Orlando Repertory Theatre, Orlando Science Center, Orlando Shakespeare

Theater, Orlando Fire Museum and the Orlando Garden Club.