Plans have been announced to bulldoze “The Plaza” shopping center across from the University of Central Florida’s main campus, which hosts popular bars like Deko, Knight Library and FUBAR, so it can be rebuilt with retail and residential.
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That’s according to the Orlando Sentinel, which reports that American Campus Communities bought the 14-acre shopping center in a more than $27 million deal.
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After the current structure is bulldozed, plans call for developers to rebuild it with retail shops on the first-floor and then four floors of residential living above that, buyer’s representative Paul Guyet told the Sentinel.
The property situated on University Blvd. and Alafaya Trail will reportedly be built over two phases, with more than 500 residential units with about 1,527 beds.
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KnightNews.com will follow this major shakeup to the popular UCF nightlife and dining scene, and work to find out the time-table for the demolition and the schedule for when the new retail and student living center will open.
