Uptown Altamonte is a well-established and irreplaceably located property with significant barriers to competition, comprised of both retail and office components. Prominently positioned on Altamonte Drive between Interstate-4 and the market dominant 1.1 million SF Altamonte Mall, the property totals 156,564 SF, with 130,779 SF of retail area and 25,785 SF of office space.
The property boasts exceptional street-front visibility and ideal signalized access, and is home to an excellent roster of national fast casual restaurants, retailers and service providers. It also includes a new, successful Urban Air children’s entertainment center. Present Equity acquired the asset in later 2024 in an all-cash transaction, and is improving the tenancy and physical attributes of the property.
Separately owned areas of Uptown Altamonte surrounding the property, include the 324 unit Cortland Uptown Apartments, a 277 key Embassy Suites hotel and 7.3 acres currently approved for retail / office uses but under consideration for ± 514-units residential units and two structured garages. In addition, > 1,100-residential units and a 300K SF office building are under construction or planned within < 1.0 mile.
actively looking to acquire a mix of distressed, mismanaged and undervalued commercial properties in florida's major markets and select cities in the south eastern united states.
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