Morada Orlando brings new luxury apartments to I-Drive

Building Central Florida tonight, most people experience International Drive from the middle of a theme park or event, but a new luxury development is aiming to change their perspective. Morada Orlando is bringing high-end residences to I-Drive. Matt Trezza has a closer look at what is planned for this property. Say hello to Morada Orlando, an uber-luxurious apartment complex set for construction on Orange County's International Drive. Marcelo Teixeira and Juliana Boselli-Neves are behind the project. We really saw a gap and we set out to build an exquisite building with luxury residences and boutique hotel services. The $400 million project stands 18 stories tall and contains 240 residences. Since opening the project to interested buyers this week, the development team says they've so far gotten 15 deposits for units. Those deposits cost $50,000. Our sales agents, they don't stop talking to people and other realtors in the community. Especially the ones who deal with international clients, they're extremely excited. For now, the property stands empty along I-Drive. The team has filed permits with Orange County for the work and says banks are ready to finance the project. We've talked to multiple banks who are extremely excited about this type of product. So we're confident that we will be able to secure financing for this as well. We have a debt portion, an equity portion, which we've been... I'm raising capital for a while now. Units start at a million dollars with two, three, and four-bedroom units plus penthouses available. There will also be a restaurant curated by an award-winning Brazilian chef. Marissa Crawford is a real estate advisor with Core 4 Luxury International Group. She says the property will be unique for Central Florida. I think it's going to elevate the I-Drive corridor. I know it's going to elevate it. I-Drive corridor, it's been sitting there dormant in its location. To really have something of its kind like this. Given its proximity to the theme parks, she says Morada may be just the start of luxury development on International Drive. I absolutely think more will follow. I think the investment market in about a year and a half is going to start really aggressively going after properties. Developers hope to break ground in 2028 with an opening date in 2030. In Orange County, Matt Trezza, Fox 35 News.