Chicago-based Highlands REIT has tapped Cushman & Wakefield as exclusive advisor in the disposition of Palazzo del Lago. The 41 acre mixed use development site is located in the heart of Orlando’s tourist corridor on International Drive South, just north of State Road 417 (The Central Florida GreeneWay). The site is less than three minutes from Interstate 4, six minutes from Walt Disney World, ten minutes from Sea World and 15 minutes from Universal Orlando. The land brokerage team of Senior Director Margery Johnson and Senior Associate Andy Slowik will market the development site.
“Orlando’s impressive visitor numbers and employment figures continue to flourish and International Drive South has witnessed similar growth and development, including the recently completed 314-unit Alexan Crossroads luxury apartment complex to the south,” said Johnson. “Palazzo del Lago represents a rare opportunity for developers to gain control of a site with an unparalleled location and waterfront access to Lake Bryan. We anticipate significant investor interest in the parcel as a result.”
