Why downtown Orlando’s Mills 50 area is a magnet for deals and development

When an Orlando-based group bought Wally’s Bar & Liquors and two adjacent parcels May 31, the sale of the iconic local pub became the latest example of investment in the city’s popular Mills 50 district.

“Mills 50 is an amazing area and we’re happy to be part of that community,” said Eric Isolica, partner for Mills Lounge LLC, the entity that made the purchase.

Similarly, when a group led by Orlando physician Dr. Ravi Gandhi bought a 6,000-square-foot building at 1121 N. Mills Ave., Gandhi…