Home Topics Buildings Orlando Health and GDC Properties part ways on Lucerne property

Orlando Health and GDC Properties part ways on Lucerne property

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screen-shot-2014-10-09-at-13826-pm-600xx1199-800-112-0
Art courtesy of the City of Orlando

 

Our latest Crane Watch (HERE) showcased the 10.7-acre Lucerne Pavilion development in Downtown South [Gmap]. Sadly, the redevelopment project seems to have hit a snag.

On Feb. 3 Orlando Health reported to the Orlando Business Journal (HERE) that they would no longer be working with GDC Properties on the project.

Demolition of the property will continue, in order to prep the space for redevelopment but the hospital is looking for a new team to build their mixed-use development for them.

The GDC project was estimated to have a $179.4M price tag.

 

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Brendan O'Connorhttps://www.brendanoconnor.me/
Editor in Chief of Bungalower.com

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screen-shot-2014-10-09-at-13826-pm-600xx1199-800-112-0
Art courtesy of the City of Orlando

 

Our latest Crane Watch (HERE) showcased the 10.7-acre Lucerne Pavilion development in Downtown South [Gmap]. Sadly, the redevelopment project seems to have hit a snag.

On Feb. 3 Orlando Health reported to the Orlando Business Journal (HERE) that they would no longer be working with GDC Properties on the project.

Demolition of the property will continue, in order to prep the space for redevelopment but the hospital is looking for a new team to build their mixed-use development for them.

The GDC project was estimated to have a $179.4M price tag.