With the renovation of the four-story office building at 150 N. Orange Avenue, Third & Urban and FCP℠ are bringing something truly distinct, and currently missing, to the Downtown Orlando, Fla. office market.
The project, called Fulcrum, will transform the 140,991 square-foot building into creative office space with large, dramatic windows, shared tenant spaces and street-level retail. The back alley will be redesigned into a destination with fresh landscaping and a large-scale mural. A nationally recognized artist is creating the mural, with design currently in the planning stages. Third & Urban and FCP are investing more than $4.5 million to improve the building’s exterior, common areas and tenant amenities and provide an unparalleled office experience for existing and future tenants.
“We are excited to unveil Fulcrum to Orlando,” said Hank Farmer, Third & Urban. “We have long admired the downtown submarket and feel this is a great opportunity for a creative office concept and our brand of development. We are committed to making Fulcrum a unique destination, unlike anything else in the market.”
With a design by Smith Dalia and Orlando-based Walker Design, Fulcrum’s office space will feature open floor plans with high ceilings, significant natural light and modern workspaces and finishes. The project will be highly amenitized through a dynamic, activated lobby with informal meeting spaces and will support alternative transit options with bike storage and showers.
The ground-floor retail will incorporate multiple food and beverage concepts, with some service retail to support downtown’s growing employee and residential populations. Foundry Commercial is leading the office and retail leasing for Fulcrum and will provide property and construction management services.
“Interest in Fulcrum has been strong in the early going,” said Alex Rosario, Principal, Foundry Commercial. “While the team is bringing a new creative concept to this submarket, their success in Atlanta, Nashville and Birmingham with similar but unique projects speaks for itself. We are excited to capitalize on downtown Orlando’s momentum with the vision and approach of Third & Urban and FCP.”
Currently in the planning and demolition phase, construction is expected to begin in a few months, with an expected completion in the second quarter of 2020.
About Third & Urban
Third & Urban are Developers Building Community—modern, culture-rich adaptive reuse and urban infill that anchors people not just city blocks; that retains context, history and experience, not just tenants; and that creates culture and connection, not just ROI. The Atlanta-based company is focused in the southeastern United States, engaging in a deliberate value creation process to produce truly unique destinations and best-in-class results for office, retail and residential spaces. The firm seeks opportunities in markets that exhibit a high quality of life, a strong workforce and consistent job growth. With more than 1,200,000 square feet across the Southeast, Third & Urban has developed more than $300,000,000 in institutional grade urban projects. For more information, please visit www.thirdandurban.com
FCP℠ is a privately held real estate investment company that has invested in or financed more than $6 billion in assets since its founding in 1999. FCP invests directly and with operating partners in commercial and residential assets. The firm makes equity and mezzanine investments in income-producing and development properties. Based in Chevy Chase, MD, FCP invests both its commingled, discretionary funds and separate accounts targeted at major real estate markets in the United States. For further information on FCP, please visit www.fcpdc.com.