The 68-acre development is anchored by two luxury apartment complexes with over 1,600 student beds. It will activate Collegiate Way with lush pedestrian walkways starting at the new Entry Plaza, Triangle and Serenity Park, converted storage containers for vendors, and an amphitheater between the two incoming retail buildings to host outdoor concerts and community gatherings.
Building 2 is The Paseo’s restaurant and bar opportunity spanning 8,165 square feet across two stories. It will have an outdoor patio and an upper-level terrace to soak in the dynamic atmosphere from the amphitheater and activated walkways.
An existing shopping center with redevelopment plans sits adjacent to the proposed buildings, offering traditional retail spaces to complement the contemporary concepts. It boasts a strong tenant roster, including Proccolino’s Ristorante, Fat Shack, American Escape Rooms, Smartpunk’s Record Shop, SmoothieKing, Kung Fu Tea, The Dough Show, and more.
The Paseo’s positioning at the entrance to UCF makes it a go-to destination for the university’s 68,000 students and 12,000 faculty. There are over six million square feet of office space within a 10-minute drive of The Paseo, including the high-profile Central Florida Research Park. Residents of the area will keep The Paseo bustling year-round, with 78,732 households reporting an average income of $90,022, contributing to over $2.6 billion in annual consumer spending within a three-mile radius. The built-in consumer base of UCF students and the area’s vibrant professional and residential landscape form the perfect environment to thrive.