Orlando CityPlace Information
Orlando CityPlace - Orlando's next big idea in downtown living, Orlando CityPlace will captivate residents who enjoy a sophisticated Urban City Environment.
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Orlando CityPlace
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| Details: This Florida preconstruction condo opportunity is available through PreconstructionPrograms.com. This is another preconstruction opportunity in which we have negotiated the best possible preconstruction price for our clients. Each development / condo project is different so please contact us for the latest incentives for buyers and investors. | |
Preconstruction Documents and Articles
Introducing Orlando Cityplace
Orlando's next big idea in downtown living, Orlando CityPlace will captivate residents who enjoy a sophisticated Urban City Environment.
Location
Located in the heart of downtown’s new Urban Arts District, Orlando CityPlace is anticipated to be a destination unlike any other in Orlando. A full city block of hi rise residential towers that seem to touch the sky, state-of-the-art office space that’s wired for business, a luxury condominium hotel, and a shopping and dining Galleria filled with unique restaurants, exclusive shops and a variety of entertainment are proposed to set the pace for urban living. If you love the excitement of downtown, Orlando CityPlace is YourPlace.
Phase one Condominium Hotel
Phase I will include The Lexington at Orlando CityPlace, a unique Boutique Condominium Hotel, ideally situated in the heart of Orlando CityPlace. Amenities include spacious studios and 1 and 2 bedroom suites, 24 hour room service, nightly turndown service, Concierge, Valet Parking, wireless guest suites and lobby, business center, meeting, banquet and conference rooms, restaurant, and health club with pool. A luxury hotel like no other in downtown Orlando, The Lexington at Orlando CityPlace invites you to secure your position on our priority buyers list, so please completely fill out the form below and a representative will be in contact with you to schedule an appointment to view our models.
On Site Amenities
Combine the potential of an upscale condominium with the four-star service, amenities anddining of a sophisticated, urban hotel located in the very heart of America's premier travel destination, and you've got the next big idea in real estate. The Lexington Boutique Hotel at Orlando CityPlace offers the best of all possible worlds. As an owner of a luxurious studio or 1-bedroom suite you may choose to enjoy it yourself, use it for corporate clients, or out-of-town guests. When you or those you designate are not in residence, your accommodations may be rented to millions of year-round Orlando tourists and business travelers, providing you with income from occupied room nights.
Condominium Studios
Like everything about Orlando CityPlace, the spacious studios and 1-bedroom suites at The Lexington at Orlando CityPlace are a cut above. Custom created by an award-winning interior designer, the dark wood transitional furnishings are both beautiful and durable. A color scheme of warm browns with cool accents invites relaxation. All studios and suites feature an eating or bar area with sink, compact refrigerator and microwave oven.
Other luxuries include brown leather headboards on all king, queen or double beds, large, flat screen TV and louvered privacy shutters on windows and balconies. Custom upgrades such as stone accents, Kohler Spa showerheads, granite bathroom vanities and granite counter tops and backsplashes in the eating or bar area are standard, and have been selected for quality as well as luxury.
MODEL 1 - THE GRAMMERCY
A spacious studio condominium with two double beds featuring rich brown leather headboards, 2 night stands, desk, side chair, wood dresser and wardrobe, or choose a queen-size bed and L-shaped sectional sofa that opens to an extra bed.
$179,990 - $329,990
MODEL 2 - THE WINDERMERE
A flexible studio condominium offering your choice of king-size bed with leather headboard, 2 night stands and eating/bar area with 2 bar stools, or twin double beds with leather headboards and night stand. Both include desk, wood dresser, wardrobe, and club chair.
$199,990 - $349,990
(receive a $20,000 discount when purchasing with a Park Avenue suite)
MODEL 3 - THE PARK AVENUE
A lavish 1-bedroom suite with separate living room, spacious eating/bar area and separate bedroom. The living room features an L-shaped sectional sofa that opens to sleep 2 comfortably, club chair, desk and side chair. The eating area/bar has 3 bar stools and includes a dishwasher. The bedroom has the added luxuries of a club chair, separate shower and tub and king size bed with leather headboard.
$299,990 - $449,990
The price differential is based on which floor the room is located, with increases at floors 5 ($20,000), 8 ($20,000), 11 ($50,000), and 14 ($50,000).
Condo Association
Monthly condo association fees will include water, sewer, electrical, cable, and reserves for replacement of FF&E (furnishings, fixtures, and equipment) for the individual room. The proposed monthly fee for the Grammercy and Windermere rooms is $290 and for the Park Avenue $590. Condominium documents will be furnished upon receipt, providing further detail as to the common areas.
Property taxes are estimated at 1.8% of the purchase price ranging from $3,138 to $7,835 annually.
ORLANDO CITYPLACE - WHERE DOWNTOWN GOES "UPTOWN"
The Lexington at Orlando CityPlace is more than a unique hotel concept. It is part of a new, vibrant downtown environment. The Orlando CityPlace proposed Master Plan includes a sophisticated, upscale urban development strategically located at Interstate-4 and Colonial Drive in the downtown business district with easy access to Central Florida's thriving tourist corridor. When completed, we anticipate Orlando CityPlace will be a city block of hi-rise condominium towers, exclusive shops and distinctive dining options. CityPlace will set the heart of Orlando beating to a new, dynamic rhythm.
FORECAST FOR ORLANDO PROPERTIES: HOT
From its world-class attractions to its state-of-the-art convention center, Orlando remains America's preeminent destination for business and tourism alike. As part of the exciting new Arena District, The Lexington at Orlando CityPlace is uniquely positioned geographically, as well as in its accommodations and amenities, to attract clientele from both sectors. Ownership of a luxury studio or 1-bedroom suite at The Lexington at Orlando CityPlace puts you in the center of downtown's newest and hottest growth area. Clearly, you belong in the "City."
District Five
For a variety of dining, the proposed Galleria at Orlando CityPlace will be a world-class destination. Here you’ll enjoy burgers to banquets, dine in trendy outdoor cafes, grab a quick bite on-the-go or satisfy your appetite in some of the most famous restaurants in America, serving lunch, dinner and late night menus.
For fine dining in a casually sophisticated urban setting, District Five Restaurant & Lounge at the Lexington Hotel currently offers Contemporary American cuisine, an extensive wine list and outstanding service.
Deposit
A fully refundable deposit of $2,500 is required to secure a reservation, and each reservation enables you to purchase one room. There is no limit to the number of reservations you may secure or the number of rooms you may purchase. Pricing will range from $179,900 to $400,000+ and there will be a total of 228 rooms.
Contract
The Contract phase of the project will begin the week of November 7, 2005, at which time you will be able to select the specific room(s) you wish to purchase.
At that time, a refundable deposit of 10% of the purchase price (less any reservation deposit) and a purchase and sale agreement will be required to secure the room(s) of your choice. A final deposit of 5% will be required when you receive the Condominium documents (expected mid to late November) and after a 15-day rescission period, the deposit becomes non-refundable and the contract fully executed.
Completion Date
The developer expects to deliver completed rooms to owners in March or April of 2006. If you are interested in engaging the services of Regency Management to facilitate the rental of your room(s), they will be available during the contract phase to discuss the details of their services. A separate rental agreement will subsequently be executed. In the next few days, they will have printed material available on-site that will provide data that should be helpful to you in conducting due diligence with respect to the opportunity. In the meantime, I suggest that you visit travel web sites (expedia.com; travelocity.com; etc.) to check out the advertised room rates and availability in the Downtown Orlando area. While there isn't an exact comparable hotel, you will get a close approximation by reviewing The Westin Grand Bohemian.
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