Lincoln Reveals Anchor Tenant for $81M Orlando Project
- Jul 08, 2016
By Robert Demeter
Orlando—Lincoln Property Co., the developer of the $81 million Tremont Plaza in downtown Orlando, recently signed FAIRWINDS Credit Union, one of the largest financial institutions in the area, as the property’s anchor tenant. FAIRWINDS was represented by CBRE’s Nan McCormick in the transaction.
“We’re pleased to be growing as a financial institution and expanding our presence in downtown Orlando,” said Larry Tobin, president & CEO of FAIRWINDS Credit Union. “We look forward to the development that Tremont Plaza will bring to our beautiful city, including jobs, local business, and tourism.”
The mixed-use, 28-story Tremont Plaza located at Garland Avenue and South Street will include: retail, restaurants, seven levels of office space totaling more than 200,000 square feet, an eight-story, 180-key AC Hotel by Marriott, and approximately 650 parking spaces on 10 levels of structured parking.
“Tremont Plaza will offer a prime location in an office market that has been experiencing a wealth of leasing activity, but hasn’t had new office space since Lincoln built 111 North Magnolia almost a decade ago,” said Scott Stahley, senior vice president with Lincoln.
Plans for the development also include incorporating a new Sunrail platform for Church Street Station inside the building, which will offer future access to Orlando International Airport and connectivity to the Miami CBD via All-Aboard Florida’s high-speed train.
“It’s become apparent that this unprecedented transit-oriented development, centrally located in the CBD, coupled with its lifestyle hotel as an amenity, will make the property very appealing to not only start-up and tech companies who are seeking to attract and retain top talent, but typical office tenants and hotel guests as well,” added Stahley.
Image courtesy of HuntonBrady