A 16-story tower we previously reported was being pitched for a lot in downtown Orlando’s South Eola neighborhood back in July 2022 is finally moving forward but with a new developer.
“Shoma was actively looking for opportunities to start building multifamily in downtown Orlando, after a couple of years of looking and researching, this opportunity came up. The location and it’s surroundings, especially being a 5 min walk away from Lake Eola is perfect.”
– MASOUD SHOJAEE, CEO/CHAIRMAN OF THE BOARD, SHOMA GROUP
Originally pitched by New York-baed Lexin Capital, the previous Thornton Commons project is now being called “550 Shoma” under the banner of Miami-based Shoma Group (Website). The 16-story high-rise will feature 17,160 SF of retail space according to an early press release, as well as a “world-class culinary and beverage destination that will be a new paradigm for the city’s entertainment and hospitality industries,” called Shoma Bazaar (Website).
The upscale food hall concept is inspired by the flagship location in Miami which has six food zones, including street food, raw food, a biergarten, a lounge bar, Americana, and a cafe/bakery.
The residential units will range from 756 to 1,472 SF and will also include live/work units measuring 1,229 SF. Amenities listed in the release include a fitness center, yoga studio, sauna, business center, co-working cafe, podcast studio, club room, and a pool area with a summer kitchen. The project will also include a dog spa, a movie theater, package rooms, storage units, and high-speed WiFi.
Shoma 550 is scheduled to break ground at 550 Mariposa Street [GMap] in 2024 and to be completed by 2026. It is being designed by Baker Barrios.
