The local commercial real estate community is watching closely to see what will become of the 104-acre Artegon Marketplace site on International Drive that was scooped up by a Miami-based billionaire earlier this year.
The facility, asOrlando Business Journal first reported, was bought for $23.75 million by the Dezer family — owners of Dezer Development in Miami — and David Goldfarb, the owner of PrimeTime Amusements in South Florida. It is a prime piece of real estate on the popular I-Drive tourist corridor that hasn’t been able to find a successful purpose. The property could do well with many different types of assets, including apartments, a hotel, shops, restaurants and attractions/entertainment, Goldfarb previously told Orlando Business Journal.
However, it seems like those plans are still in early stages, according to a Feb. 28 PrimeTime Amusements newsletter obtained by OBJ. Specifically, the newsletter said rumors of plans to build an Xtreme Action Park — a joint venture by the Dezers and Goldfarb in South Florida — on the Orlando site are incorrect.