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STUDENT HOUSING AND RETAIL DEVELOPMENT TO BREAK GROUND IN ORLANDO

ORLANDO, FLA. — Demolition and construction on the redevelopment planned for the 25-year-old University Shoppes retail center, which is located across from the University of Central Florida’s main entrance in Orlando, will commence this week. Austin, Texas-based American Campus Communities Inc. plans to bring 1,313 student housing beds, 60,000 square feet of new retail space and a 10-level parking structure to Orlando’s Northeast Orange County submarket. Bobby Palta of CBRE is marketing the retail space.

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