Downtown Orlando is about to get a whole lot more exciting.

A Miami-based developer has just filed plans to build a stunning 37-story mixed-use tower directly across from Lake Eola, and if you own a vacation home or investment property in the Orlando area, this is exactly the kind of news that should have your attention.

What's Being Planned?

The proposed tower at 170 E. Washington Street would rise 420 feet above downtown Orlando,  comparable in height to The VUE at Lake Eola and would include a 221-room 5-star luxury hotel, 252 branded residential units on the upper floors, ground floor restaurant and retail space, and six levels of parking.

The design is being led by Miami's Kobi Karp Architecture and Interior Design, the firm behind two Four Seasons-branded properties in Fort Lauderdale and Surfside. The developer has described the project as comparable in feel and caliber to Miami's Waldorf Astoria Hotel and Residences, a first of its kind for Orlando's Central Business District.

The hotel pool deck would overlook Lake Eola Park directly, and the building's signature rounded corners have been deliberately designed to echo the shape of the iconic bandshell at Lake Eola,  a beautiful architectural nod to one of Orlando's most beloved landmarks.

Why This Matters for Property Owners and Investors

Projects like this don't just change a skyline. They change property values, rental demand and buyer appetite across the entire surrounding area.

When a world-class luxury hotel brand plants its flag in a city's downtown, it sends a powerful signal to investors everywhere,  that this is a market worth being in. It attracts high-net-worth visitors, drives up tourism spend and raises the profile of the entire region. For vacation home owners in Kissimmee, Davenport, Clermont and South Orlando, that is very good news.

Orlando is already the most visited destination in the United States. Developments like this simply deepen that story and add more reasons for high-quality, high-spending guests to choose Central Florida again and again.

The Bigger Picture

This tower is part of a broader wave of luxury development reshaping downtown Orlando. A new Kimpton Hotel is set to break ground near the Kia Center later this year, with an opening planned for 2028. A 33-story J.W. Marriott Hotel and Convention Center has also been approved at Church and Pine streets.

Orlando is building upward and building boldly. And that rising tide lifts every boat in the market.

Thinking About Your Next Move?

Whether you're wondering what your current vacation property is worth in this increasingly exciting market, considering adding to your portfolio, or thinking it might be the right time to sell, now is a great moment to have that conversation.

The Central Florida vacation home market is one of the most dynamic in the country and it just keeps getting stronger.

I'd love to help you make the most of it.

Vacay & Co Real Estate 📞 Cell: 321-333-1338 Emai: [email protected] 📍 Suite 200, 1420 Celebration Blvd, Kissimmee, FL 34747 🌐 vacayreflorida.com

Unparalleled service and unmatched expertise in Central Florida real estate.