Morada Orlando: $400 million luxury apartment project planned for International Drive
Morada Orlando brings new luxury apartments to I-Drive
Morada Orlando proposed a new luxury complex along I-Drive, it will feature units that start at a million dollars, four-bedroom units, and penthouses. Developers intend to break ground for the project in 2028 with a projected opening date in 2030.
ORLANDO, Fla. - A $400 million luxury residential development is planned for International Drive, bringing 240 high-end residences and boutique hotel-style services to the popular tourism corridor.
The 18-story project, called Morada Orlando, is being developed by Marcelo Teixeira and Juliana Boselli Neves of MakeSpace Development.
What they're saying:
Neves said developers saw an opportunity for luxury residences with hotel-style amenities. "We really saw a gap," she said.
Developers began accepting interest from prospective buyers this week and said they have already received 15 deposits. Each deposit costs $50,000. Prices for the two-, three- and four-bedroom residences, as well as penthouses, will start at $1 million.
Plans also call for a restaurant curated by an award-winning Brazilian chef. Real estate adviser Marissa Crawford of Core4 Luxury International Group said the development could help elevate the International Drive corridor and potentially attract additional luxury projects.
What's next:
Developers have submitted permits to Orange County and said they are pursuing financing through banks and private investment. They hope to break ground in 2028, with completion and opening targeted for 2030.
The Source: This story was written based on information shared by Marcelo Teixeira and Juliana Boselli Neves of MakeSpace Development.