Universal Orlando has filed documents with the city showing that its former Wet ‘n Wild property will be developed for new hotel use, with 4,000 rooms.

Universal filed a master-plan framework with few details. A sketch with the filing also shows three parking structures on the property, and indicates that Universal wants a portion of a street, Precision Drive, vacated. Tom Schroder, vice president for public relations at Universal Orlando, declined to provide more details Tuesday. Demolition work was to be

Target unveils Prototype for Redesign of 500 Stores by 2019

Target Corp. (NYSE: TGT) unveiled design elements for an updated store format that will serve as the basis for a multi-billion-dollar investment to convert 500 of the retailer’s existing stores and roll out 100 smaller-format stores over the next three years. The Minneapolis-based retailer said its first fully “reimagined” 124,000-square-foot store will open in the

New 225,000 sf Retail Center in Kissimmee

Breaking ground on St. Cloud Commons, a 225,000-square-foot retail center located in Kissimmee, a city on the southern outskirts of Orlando. Situated on a 33-acre site near the intersection of the Florida Turnpike and U.S. Highway 192, the center is pre-leased to tenants such as Hobby Lobby, Outback Steakhouse and Panera Bread. Delivery is slated

California REIT spends $13.3 million to buy Northrop Grumman R&D office

A huge Northrop Grumman Corp. research-and-development office on the Space Coast has a new landlord — a real estate investment trust (REIT) that with this acquisition now owns two Central Florida properties. Cosa Mesa, Calif.-based Rich Uncles LLC’s related Rich Uncles NNN Operating Partnership LP spent $13.3 million, or about $123 per square foot, to