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Park Square adds 110-room hotel pad and fitness center to UCF-area retail site

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Park Square Enterprises  will announce a national fitness center anchor tenant this week that has been the catalyst for a complete re-envisioning of its plans for Park Square Plaza near UCF. When Park Square Homes CEO Suresh Gupta purchased the 12.5-acre site on the 12000 block East Colonial Dr . in 2016, he planned to develop retail  along the highway frontage and pursue rezoning for multifamily use. The college campus has attracted several multifamily developments recently, including the Core Spaces student housing development  and a second complex by Catalyst Development Partners that will mirror its  popular EOS Apartments .  Park Square had initially planned to seek rezoning for a 250- unit apartment complex .  Ali Mushtaq, senior adviser for SVN, told GrowthSpotter on Monday the developers were approached by a national gym tenant with a strong interest in locating there. The Guptas scrapped the apartments and filed a new retail- focused site plan last week with the St. ...

Why empty nesters are moving to Brisbane’s inner city

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Sponsored Content rise residential developments in recent years." /> Brisbane has seen a proliferation of high- rise residential developments in recent years. At one time Brisbane wore a reputation as the last, true east coast bastion of the quarter-acre block – a time, not so long ago, when many developers focused on delivering the Australian dream as a three- or four-bedroom home with a landscaped garden front and back.  How those times have changed.   Interstate migration, the need to mitigate the transport and infrastructure pressures of vast urban sprawl , and a more visionary approach to inner-city planning have all triggered the growth of Brisbane upward rather than outward. Investment in cultural precincts like South Bank have increased the appeal of inner-city living. Photo: Bradley Kanaris There is little doubt that, for most people familiar with the city, the biggest change in the past decade has been to the skyline with a proliferation of high- rise residenti...