OUC factory transformed into art center to examine property’s selling potential – WFTV
ORANGE COUNTY, Florida – A former OUC building that has become the headquarters of several arts organizations over the years may soon be on sale.
On Friday, OUC will issue a request for proposals soliciting licensed real estate brokers to help determine the sale potential of its Ivanhoe building, located on North Orange Avenue.
“OUC determines the best use of our assets to ensure that we deliver on our commitment to deliver value to the community we serve. Affordability through stable and competitive pricing is a priority as we transition to a clean energy plan that includes substantial investments in renewables and related infrastructure, ”said Clint Bullock, Managing Director and CEO of OUC, in a prepared statement. “We believe that the potential sale of this asset once value is established could help us partially offset these costs.”
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The plant had been owned by OUC since the 1920s and was decommissioned in 1958. The plant was OUC’s primary source of power and water. It has been vacant since 2013.
The building was designated a Historic Landmark by the Orlando City Council in 1987. After renovations in the 1980s, it was converted into an arts center in partnership with the Orlando Ballet and other performing arts organizations.
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“As shown by its use after being a power and hydraulic power station, the building offers opportunities in the market to creatively reuse the site and facilities, especially as the Ivanhoe Village neighborhood continues to grow,” Bullock said.
OUC is seeking RFP Respondents acting as Licensed Commercial Real Estate Brokers in Central Florida who have experience in Orlando Commercial Market Appraisals, Brownfield Development, Adaptive Reuse of ‘old facilities and municipal customer representation, the company said.
The call for tenders will be available here. Proposals are due July 19.
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