Lincoln Property Company (Lincoln), the developer for the 28-story Tremont Plaza in downtown Orlando, Florida, is pleased to announce its anchor tenant, FAIRWINDS Credit Union, the largest Orlando-based financial institution with $2 billion in assets. Nan McCormick of CBRE represented FAIRWINDS in the transaction.
“We’re pleased to be growing as a financial institution and expanding our presence in downtown Orlando,” said Larry Tobin, president and CEO of FAIRWINDS Credit Union. “We look forward to the development that Tremont Plaza will bring to our beautiful city, including jobs, local business, and tourism.”
Tremont Plaza, a mixed-use high-rise located on the “gateway corner” of Garland Ave. and South St., will include retail, restaurant, and banking space in the lobby, approximately 650 parking spaces in 10 levels of structured parking, seven levels of office space totaling more than 200,000 square feet, and an eight-story, 180-room AC Hotel by Marriott.
“Tremont Plaza will offer a prime location in an office market that has been experiencing a wealth of leasing activity, but hasn’t had new office space since Lincoln built 111 North Magnolia almost a decade ago,” said Scott Stahley, senior vice president of Lincoln.
The plans also include incorporating a new Sunrail platform for Church Street Station inside the building, providing for a ‘Grand Central Station’ type of feel and arrival, which will offer future access to Orlando International Airport and connectivity to Miami CBD via All-Aboard Florida’s high-speed train.
“It’s become apparent that this unprecedented transit-oriented development, centrally located in the CBD, coupled with its lifestyle hotel as an amenity, will make the property very appealing to not only start-up and tech companies who are seeking to attract and retain top talent, but typical office tenants and hotel guests as well,” Stahley added.
About Lincoln Property Company
Dallas-based Lincoln Property Company is one of the nation’s largest diversified commercial real estate companies, employing over 6,800 people in 32 states and 10 countries in Europe. Since its inception in 1965, Lincoln has developed over 128 million square feet of office, industrial, and retail projects as well as 209,000 apartment units. Stemming from its development and ownership background, Lincoln's operating platform seamlessly integrates its various service lines, provides for consistent and measureable performance and utilizes cutting-edge technology over its 350+ million square feet of managed assets.
For more information on the Southeast Region of Lincoln Property Company, please visit lpcsoutheast.com. To check out the blog, go towww.lpcsoutheast.com/blog.
