UCF Downtown is starting to take shape.
Construction has begun on a $105 million student housing complex at the corner of Livingston Street and Terry Avenue. It will be the first major high rise built in the Creative Village.
The 15-story complex will house students from the University of Central Florida and Valencia College, along with the Valencia Culinary Arts program. It will include 127 units and a nine-story parking garage that will hold 600 vehicles.
Creative Village SHP Owner LLC, which includes Ustler Development, New York-based Development Ventures Group Inc. and an unnamed equity partner, paid $3.35 million to buy the 1.41-acre site from the City of Orlando, according to the Orlando Businss Journal.
Creative Village is a public-private partnership between the City of Orlando and Creative Village Development LLC. The 68-acre Creative Village sits on the former site of the Amway Arena and Orlando Centroplex.
The student dorms are slated for completion August 2019.