With The Kelson Apartments currently rising in Lake Nona, master developer Tavistock is turning its attention to its next multifamily project — a major addition to the new Laureate Park Village Center. Co-developer WeldenField has submitted a preliminary plat for Luminary Square, a mixed-use development located southeast of Luminary Boulevard and Centerline Boulevard. Plans call […]
What is a Cap Rate?
A capitalization (cap) rate is a vital metric in commercial real estate (CRE) that assesses a property’s potential return on investment. It’s a percentage representing the ratio of a property’s net operating income (NOI) to its current market value or purchase price. Jonathan Squires of Cushman & Wakefield states, “A cap rate expresses an […]
Large Warehouse Coming to Davenport Industrial Hub
Winter Park-based Park Industrial LLC is currently developing a substantial 220,000-square-foot industrial project situated within the core of Davenport’s thriving logistics hub. Project Details and Location The expansive warehouse will be located at 450 Deen Still Rd., strategically positioned adjacent to the Park 27 Industrial Park and bordering the environmentally sensitive Green Swamp. This 37.36-acre […]
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