Regency Village Development OpportunityParcel 23-24-28-7417-00-16012004 Regency Village Dr · 5.38 Acres · Commercial Vacant Land
Development Opportunity in the Heart of Orlando's Entertainment and Shopping Destination
A contiguous 234,308 SF development site in unincorporated Orange County, inside the I-Drive resort corridor, entitled for a 325-unit condo-hotel with the first three stories already built and offered as one parcel in single ownership.
Pricing
Make an Offer
Offers reviewed as received
234,308
Total Square Feet
5.38
Acres (GIS Calculated)
ORG-P-D
Zoning Designation
Section 02 — Property Specifications
The site at a glance
Entitlement Position
A partially built, fully entitled condo-hotel
The parcel is approved for a 325-unit condo-hotel at the district ceiling of 60 hotel units per acre, under PUD zoning within the Tinwood Planned Development and an Activity Center Mixed Use future land use. Hotel and tourist-commercial use is therefore already contemplated here rather than something a buyer must introduce, and Orange County zoning officials treat the current site condition as conforming and legally permissible.
Entitlements as reported; buyer to verify current PD Land Use Plan standing with Orange County
The Opportunity
Shovel-ready, with the first three stories already standing
Vertical construction already standing
Roughly 92,000 SF of the approved 371,420 SF project — three of ten planned stories — was built beginning in 2006 before work stopped in 2007. Nothing has been added since, and the improvements remain well positioned on the site.
More than $7.2M already in the ground
The sunk construction cost transfers directly to the next developer rather than being spent again, compressing both budget and schedule on a re-start or re-brand.
Entitled at maximum density
PUD zoning inside the Tinwood Planned Development with an Activity Center Mixed Use future land use and approval for 60 hotel units per acre — the ceiling for the district. Orange County zoning staff have confirmed the existing site condition as conforming and legally permissible, removing rezoning risk and years of approval timeline.
Built for a hospitality buyer
The natural fit is a hotel or condo-hotel developer looking to complete, re-flag, or re-brand an in-progress project on a corridor where new full-scale sites rarely trade.
Section 03 — Adjacency & Demand Drivers
Next door to Orlando Vineland Premium Outlets
The parcel sits immediately adjacent to Simon Property Group’s Orlando Vineland Premium Outlets at 8200 Vineland Ave — a Class A+ open-air centre of roughly 657,500 SF with about 160 designer and name-brand stores, two miles from Walt Disney World and directly off the I-4 / SR 535 interchange.
657,500
SF GLA at the Outlets
~160
Outlet Stores Next Door
10M+
Est. Annual Outlet Visits
75M
Annual Orlando Visitors
Nearby traffic counts — FDOT 2025 AADT
| Roadway | Segment | AADT (2025) |
|---|---|---|
| I-4 / SR 400 | At the SR 535 interchange | 162,500 |
| I-4 / SR 400 | West of the SR 535 ramps | 160,500 |
| SR 535 / S Apopka-Vineland Rd | World Center Dr to Lake Vining Dr | 58,000 |
| SR 535 / S Apopka-Vineland Rd | Osceola County line to World Center Dr | 48,000 |
| SR 536 / World Center Dr | East to SR 535 | 38,000 |
| International Drive | SR 535 to Central Florida Pkwy | 37,000 |
| SR 535 north leg | Lake Vining Dr to I-4 centreline | 27,500 |
| Central Florida Pkwy | Apopka-Vineland Rd to Central Florida Pkwy | 22,900 |
Sources: FDOT Florida Traffic Online, 2025 AADT · Simon Premium Outlets · Visit Orlando · Outlet visitation is a published trade estimate, not an audited count
Section 04 — New I-4 Interchange Access
Exit 70: the new I-4 & Daryl Carter Parkway diverging diamond
FDOT’s $83.7M programme rebuilt Daryl Carter Parkway as a diverging diamond interchange and opened the new I-4 ramps on 19 July 2025 as Exit 70. Daryl Carter Parkway feeds straight into Regency Village Drive, placing the site roughly half a mile from a brand-new full interstate access point that relieves the SR 535 and Central Florida Parkway interchanges and gives the parcel a first-off-the-ramp position it did not hold a year ago.
Source: FDOT I-4 Beyond the Ultimate, FPID 441113-1 / 441113-3 project handouts, 2025
Section 05 — Location Map, Attractions & Drive Times
At the center of Orlando's demand drivers
12004 Regency Village Dr, Orlando FL 32821 · 28.4033, -81.4880
Drive times to major demand drivers
Walt Disney World Resort5 mi11 min
Universal Orlando Resort9 mi15 min
SeaWorld Orlando4 mi9 min
Orange County Convention Center5 mi11 min
ICON Park / The Wheel7 mi13 min
Downtown Orlando17 mi22 min
Orlando International Airport13 mi20 min
Measured from 12004 Regency Village Dr; approximate, off-peak
Immediate adjacency
| Destination | Miles | Drive |
|---|---|---|
| Orlando Vineland Premium Outlets | 0.2 | 1 min |
| I-4 Exit 70 — Daryl Carter Pkwy | 0.5 | 2 min |
| Disney Springs | 2.5 | 7 min |
Dining and shopping within ½ mile
- The Cheesecake Factory — Vineland Pointe
- Fogo de Chão — Vineland Pointe
- Chipotle Mexican Grill — Vineland Pointe
- Pinstripes — Vineland Pointe
- Aldi — Vineland Pointe
- Target — Vineland Pointe
- Burlington — Vineland Pointe
- Chick-fil-A — Daryl Carter Pkwy
- Alamo Drafthouse Cinema — Vineland Pointe
- Marshalls — Vineland Pointe
- Jeff's Bagel Run / Planet Smoothie — O-Town West
- Wawa — Daryl Carter Pkwy, O-Town West
- Panera Bread — Vineland Ave
- Papa John's / Philly Steak — Orlando Vineland Premium Outlets
Section 06 — Location & Position
Inside the I-Drive corridor
12004 Regency Village Dr, Orlando FL 32821 — southwest corner of Regency Village Drive and Lake Street, unincorporated Orange County.
Location
- 01 Orlando 32821, unincorporated Orange County — Tinwood Planned Development
- 02 Within the I-Drive Master Transit & Improvement MSTU, steps from Orlando Vineland Premium Outlets
- 03 Direct reach to I-4 Exit 70, SR 535, SR 528 and International Drive
- 04 South Florida Water Management District — Okeechobee Basin
Position
- 01 Single ownership: VHPC LLC, held since December 2019
- 02 Two platted lots — Regency Village Rep 52/4, Lots 16 & 17, ±5.38 acres
- 03 ±92,000 SF of standing vertical construction from the 2006 condo-hotel start
- 04 Offered as one contiguous assemblage — make an offer
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