Orlando’s Downtown Revitalization: A $1 Billion Mixed-Use Sports and Entertainment District to Begin Construction Late 2024

Construction of a new 8.5-acre sports and entertainment district in downtown Orlando is set to begin late 2024, with completion expected by March 2027. The mixed-use project will include a hotel, 270 residential units, a 3,500-capacity live entertainment venue, office space, and a variety of dining and shopping options.

Orlando City Commissioner Tony Ortiz emphasized the positive impact the project will have on the area, stating that it will incentivize businesses and bring people back to downtown. The sports and entertainment district is seen as a game-changer initiative that will revitalize the downtown area.

David Carlock, founder and principal of Machete Group, Inc., praised the city for its partnership and looks forward to developing a vibrant new place in downtown Orlando. Orlando Magic CEO Alex Martins expressed excitement for the project, highlighting the leadership of Mayor Dyer and the City Council.

The development of the sports and entertainment district will be led by JMA Ventures, LLC and Machete Group, Inc., who are scheduled to complete the project by March 2027. This initiative is expected to create 3,400 jobs and bring new life to downtown Orlando.