Orlando’s condo boom a thing of the past
After a more than five-year frenzy, the condo-building boom in downtown Orlando has ground to a halt.
A new Orlando Sentinel survey of the downtown core finds that more than two-thirds of the 40 new high- and mid-rise condo projects announced in recent years are in limbo, as developers grapple with a slumping housing market, soaring construction costs and lending-industry turmoil.
Many plans have been postponed or altered; some have been scrapped altogether.
“It cannot be done,” said Stahley, whose company is building the 32-story Dynetech Centre on Washington Street, which will have office and retail space plus 164 apartments — but no condos.