Miami Developer Buys 20-Acre Property in the West Colonial Opportunity Zone
The property at 410 N Orange Blossom Trail (MAP) was sold to Miami-based Lion Financial, LLC Tuesday February 25th according to court documents.
The property is primarily known to locals for housing the Parliament House, a dance club and hotel catering to the LGBTQ+ community and its allies.
The property's former owner, Don Granatstein, told Orlando Sentinel that Lion Financial LLC will be acting only as a landlord and that the club will remain open for business.
The Daily City reached out to Lion Financial, LLC for comment, but they did not respond.
Lion Financial, LLC is run by Michael Simkins, the Miami developer behind the proposed 10.4 acre Miami Innovation District. That project is expected to contain approximately 7 million SF across 10.4 acres including 3,850,000 SF of office space, 2,400,000 SF of residential space, micro apartment units and flexible open floor plates for high-tech office uses. It's supposed to "help position Miami as Florida’s Silicon Valley."
While the Parliament House club will remain open, the rest of the property apperas prime for potential redevelopment:
Large at 20.85 acres
Just outside of downtown Orlando
In the vicinity of Camping World Stadium
Contains three pad ready parcels
Faces Orange Blossom Trail
Contains portions which are lakefront
Located within the West Colonial Opportunity Zone. An Opportunity Zone enables developers to get preferential tax treatment in exchange for developing in economically-distressed areas. The zones are designed to spur economic development and job creation while at the same time lessen expenses for developers.
The Miami Innovation District is also in an Opportunity Zone.
As of March 2nd, the Orange County Property Appraiser still lists Parliament Partners Inc as the owners.