The planned Sports and Entertainment District in downtown Orlando is moving forward, as ED Development, LLC and the Orlando Magic announced JMA Ventures, LLC and Machete Group, Inc. as the development team for the district adjacent to Amway Center.
The project is anticipated to include a 260-room full-service hotel with 16,000 square feet of meeting and conference space, 270 residential units, 200,000 square feet of Class A office space, 125,000 square feet of retail, a 3,500-capacity live event venue, an urban town square, and more than 1,100 parking spaces.
JMA Ventures is a full-service commercial real estate development and investment firm with a portfolio of hospitality, resort, residential, retail, office, and commercial projects. Notably, JMA Ventures developed Downtown Commons, a 1,000,000-square-foot mixed-use development adjacent to Golden 1 Center, home of the NBA’s Sacramento Kings. Downtown Commons revitalized downtown Sacramento and is widely regarded as one of the most successful arena- or stadium-adjacent mixed-use projects in the country.
“Central Florida is a fantastic market for this type of mixed-use development, and this project will further energize downtown Orlando. We look forward to working with the Orlando community to bring the sports and entertainment district to life,” said Todd Chapman, CEO of JMA Ventures.
Machete Group has an extensive background in sports and entertainment venue development. The firm’s projects include Amway Center in Orlando, Florida; Chase Center and the adjacent Thrive City mixed-use district in San Francisco, California; and TQL Stadium in Cincinnati, Ohio.
“As downtown Orlando continues its dynamic growth, we are excited to bring the sports and entertainment district to life,” said David Carlock, founder and principal of Machete Group. “We would like to thank the DeVos family for the opportunity to work on this project together.”
“JMA Ventures and Machete Group are simply the best of the best. We are thrilled to have them take the reins and guide the sports and entertainment district into something Orlando will be proud to have in the heart of downtown,” said Alex Martins, CEO of the Orlando Magic.