SED Development and Orlando Magic have just named two new partners for the long-awaited Sports and Entertainment District project planned for the vacant lot next to Amway Center in the Parramore neighborhood.
According to a press release received on Monday afternoon, both JMA Ventures (Website) and Machete Group (Website) have signed onto the development team for the massive mixed-use project, which will include a 260-room full-service hotel with 16,000 SF of Class A office space, 125,000 SF of retail, a 3,500-person live event venue, a town square, and 1,100 new parking spaces. Machete Group worked on the Amway Center, as well as the Chase Center in San Francisco and the TQL Stadium in Cincinnati.
The DeVos family is also involved in the $500 million project.
The 8.4-acre project was first made public in 2011. A project timeline and completion date are still not public at this time.