Behringer Harvard Acquires First Mix-used Development for 2011

January 05, 2011 / Elizabeth Buckley, Commercial Property Analyst

A luxurious mix-used development in the hearth of Orlando’s hospitality and tourism industries was recently purchased by Behringer Harvard, a commercial real estate company investing in assets domestically and internationally. The mix-used development, The District at Universal was completed during the fall of 2009.

Behringer Harvard Acquires First Mix-used Development for 2011

Considered as a Class A project, the mix-used development consists of 425 apartment home-units and about 25,000 square feet of one-storey retail space, which is secured by the Walgreens drugstore.

The mix-used development is situated at 9702 Universal Boulevard, near the intersection of Florida 528 and Interstate 4. It also has an easy access to major employment centers in the district, retail centers, and to popular entertainment venues in Orlando, Florida.

The District at Universal is said to be just  less than a mile to one the largest convention center in the United States–  Orange County Convention Center, as well as to Rosen College of Hospitality Management of the University of Central Florida.

Residents in the mix-used development enjoys its close proximity to major employers and theme parks like several golf resorts, the Universal Orlando Resort, Sea World Orlando, and Walt Disney Theme Parks.

Mix-used development’s potential buyers can choose between one, two, and three bedroom units, with an average of 942 square feet, plus fitness center, cyber cage, media room, jogging trails along Lake Cay, business center, and private conference room.

In 2010, Behringer Harvard acquires different commercial properties including several luxury multi-family community and apartments, an industrial project, hotel, medical office, and another luxury mix-used development in Washington, DC.

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