RIDA PURCHASES ORLANDO LAND PARCEL FOR $250 MILLION MIXED-USE DEVELOPMENT

ORLANDO, FLA. — Houston-based RIDA Development Corp. has purchased the 5.6-acre Plaza site in downtown Orlando, from Weston, Fla.-based Downtown Plaza, for $15 million. The site will be redeveloped as a $250 million mixed-use project. The property is located at 400 N. Orange Ave. on a city block bordered by Orange Avenue, Amelia Street, Livingston Street and the Linx bus station near Interstate 4.