Signal · Development

Downtown’s only two cranes are both in Creative Village

noted Aug 31, 2026

Master developer Craig Ustler broke ground in January 2026 on a $60 million mixed-use building on Parcel H, south of Luminary Green Park: seven stories, 122 market-rate apartments, 14,500 sq ft of ground-floor commercial and retail, and two 3,750-sq-ft second-floor offices, financed with a $36 million Synovus Bank loan. The lot was originally envisioned for a skyscraper; Ustler says he right-sized it for today’s market. A second, mixed-income apartment building is slated to deliver before the end of 2026 — and in March he told a ULI panel the two projects were the only cranes up in downtown Orlando.

The Orlando Real — pages that stay current.