Orlando Magic’s new headquarters and place for fans and locals to enjoy should start to be built still in the first semester of this year. The news was passed on to the Orlando Business Journal by Magic’s CEO Alex Martins.
The next step of the team is to release the final parcel on the corner of Central Boulevard and Division Avenue – currently the site of homeless support organization Orlando Union Rescue Mission. The new headquarters of the mission has already been defined and the demolition of the current building is scheduled to take place between the end of March and the beginning of April.
The Magic’s site next to Amway Center is north of Church Street, east of Division Avenue, south of Central Avenue and west of Hughey Avenue. “Our goal is to be in the ground no later than the end of this year – hopefully in the third quarter – and we expect two-year timetable for development,” said Martins to OBJ.
The seven-story, 200,000-square-foot building is expected to have a positive impact on the region: the Magic already is pre-leasing office space in the team’s future HQs, as well as seeking retail tenants on the street level.