Ustler Development lines up land buy for Creative Village project

Ustler Development Inc. is gearing up to buy three pieces of land in downtown Orlando’s $1.5 billion Creative Village that would be used for new construction.

The Orlando City Council on Oct. 11 will consider approving agreements to sell three parcels totaling roughly 3 acres for a combined $13.8 million, or about $4.59 million per acre, to Orlando-based Ustler Development’s related Creative Village Development LLC, master developer of the mixed-use district.

Once the sale closes, Creative Village…