More apartment units coming to Oviedo Marketplace project – Spectrum News 13

OVIEDO, Fla. — The Oviedo Marketplace project just got bigger by 360 multi-family units. On Monday evening, Oviedo city council members gave a green light for developers to move forward with plans for a new apartment complex slated to go across from the Oviedo Mall’s former Macy’s entrance. What You Need To Know The apartment project is just a single component of the Oviedo Marketplace endeavor, which is aimed at revitalizing the Oviedo Mall and surrounding areas The project will span across seven buildings for housing, and also feature a clubhouse, pool and green space Some residents are concerned about the traffic impacts, though council members and developers claim traffic will be substantially less than Macy’s ever brought in during its retail peak The Oviedo Marketplace project has been years in the making. Developers hope to give the Oviedo Mall a fresh face and new life, creating mixed-use developments that bring in both residents and businesses. “Dead malls” have been an issue nationwide as malls struggle to hold tenants. One report by Forbes estimated that one-third of malls have an occupancy rate of 70% or less. While other cities have opted to close their dead malls, the Oviedo Marketplace vision involves revitalizing the space
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