Morada Orlando: $400 million luxury apartment project planned for International Drive

A $400 million luxury residential development is planned for International Drive, bringing 240 high-end residences and boutique hotel-style services to the popular tourism corridor.The 18-story project, called Morada Orlando, is being developed by Marcelo Teixeira and Juliana Boselli Neves of MakeSpace Development. Neves said developers saw an opportunity for luxury residences with hotel-style amenities. "We really saw a gap," she said.

The Details

Developers began accepting interest from prospective buyers this week and said they have already received 15 deposits. Each deposit costs $50,000. Prices for the two-, three- and four-bedroom residences, as well as penthouses, will start at $1 million.Plans also call for a restaurant curated by an award-winning Brazilian chef. Real estate adviser Marissa Crawford of Core4 Luxury International Group said the development could help elevate the International Drive corridor and potentially attract additional luxury projects. Developers have submitted permits