What’s slated for phase one of Creative Village?
UCF Downtown Slated to Open in Fall 2019
Nearly 15 acres of the 68-acre Creative Village has been designated by the City for UCF’s new Downtown Campus. UCF Downtown will bring 7,700 students to the Creative Village and will be the academic heart of a city that’s attracting national attention for its entrepreneurial, high-tech and creative economy. The new campus, slated to open in fall of 2019, will bring students to the doorstep of the region’s emerging industries for a one-of-a-kind, immersive educational opportunity.
The new UCF Downtown campus will include:
- A new $60 million, 165,000-square-foot academic building where UCF will offer programs in fields such as communication, digital media, public service and health-related programs. UCF will share the campus with Valencia College, which will offer programs in digital media, health-information technology, and culinary and hospitality, including workforce training and other certificates to increase access to education in the immediate downtown area. The new academic building at UCF Downtown will complement a renovated Center for Emerging Media which is home UCF’s top-ranked graduate video gaming school in North America, the Florida Interactive Entertainment Academy, is located.
- A new $90 million, 15-story, 600-bed student housing development at the northwest corner of the newly realigned Livingston Street and Terry Avenue intersection. Privately developed by Ustler Development and KUD International, LLC, this development will open in the fall of 2019, concurrent with the grand opening of UCF Downtown. This building will also be home to Valencia College’s new 50,000 square foot culinary school.
- A new $10 million, 600 space parking garage with enhanced security features and technology that makes finding an open spot easier. The parking garage will be located near the southwest corner of the Creative Village.
Additional Housing Expected to Break Ground in 2017
A key component of the Creative Village is to bring a introduce a new mix of affordable, attainable and market-rate housing to the community. New housing developments slated for Creative Village’s first phase include:
- A new $56 million, 256-unit multi-family housing development, Amelia Court at Creative Village, will have a mix of affordable and market-rate apartments and provide a new option for families seeking to live near the adjacent Parramore Community School and UCF/Valencia campus. Groundbreaking is expected in late-2017.
- A new $62.5 million, 250-unit market-rate apartment development by Ustler Development, Inc. located at the corner of Amelia Street and the newly-constructed Terry Avenue.
Parcels Currently Out to Market
Creative Village Development, LLC has retained JLL to oversee the marketing of three sites available for sale at Creative Village. The three parcels are programmed for multi-family development (minimum 250 apartment units), an office building (minimum of 120,000 square feet) and additional office/commercial/multifamily/hotel space of at least several hundred thousand feet. For more information on development opportunities at these sites, please visit creativevillagelandbroker.com.
Creative Village Update
View a recent Creative Village presentation from the What’s Up Downtown event on November 3, 2016.