ORLANDO, Fla. (Oct. 16, 2023) – Today, SED Development, LLC and the Orlando Magic announce JMA Ventures, LLC and Machete Group, Inc. as the development team for the sports and entertainment district adjacent to Amway Center in downtown Orlando.
The project is anticipated to include a 260-room full-service hotel with 16,000 square feet of meeting and conference space, 270 residential units, 200,000 square feet of Class A office space, 125,000 square feet of retail, a 3,500-capacity live event venue, an urban town square, and more than 1,100 parking spaces.
JMA Ventures is a full-service commercial real estate development and investment firm with a portfolio of hospitality, resort, residential, retail, office, and commercial projects. Notably, JMA Ventures developed Downtown Commons, a 1,000,000-square-foot mixed-use development adjacent to Golden 1 Center, home of the NBA’s Sacramento Kings. Downtown Commons revitalized downtown Sacramento and is widely regarded as one of the most successful arena- or stadium-adjacent mixed-use projects in the country.
“Central Florida is a fantastic market for this type of mixed-use development, and this project will further energize downtown Orlando. We look forward to working with the Orlando community to bring the sports and entertainment district to life,” said Todd Chapman, CEO of JMA Ventures.
Machete Group has an extensive background in sports and entertainment venue development. The firm’s projects include Amway Center in Orlando, FL; Chase Center and the adjacent Thrive City mixed-use district in San Francisco, CA; and TQL Stadium in Cincinnati, OH.
“As downtown Orlando continues its dynamic growth, we are excited to bring the sports and entertainment district to life,” said David Carlock, founder and principal of Machete Group. “We would like to thank the DeVos family for the opportunity to work on this project together.”
“JMA Ventures and Machete Group are simply the best of the best. We are thrilled to have them take the reins and guide the sports and entertainment district into something Orlando will be proud to have in the heart of downtown,” said Alex Martins, CEO of the Orlando Magic.
About the Sports and Entertainment District
The sports and entertainment district is an upcoming mixed-use development in downtown Orlando. The project currently includes a full-service hotel, high-rise residential, office space, retail, a live event venue, an urban town square, and parking. The sports and entertainment district is being developed by a joint venture between industry leaders JMA Ventures, LLC; Machete Group, Inc.; and the DeVos family.
About JMA Ventures, LLC
JMA is a full-service investment and development firm focused on real estate and leisure-lifestyle assets. Founded in 1986 and based in San Francisco, the company's portfolio includes landmark hospitality, resort, residential, retail, and office developments. To learn more about JMA Ventures, please visit www.jmaventuresllc.com.
About Machete Group, Inc.
Machete Group, Inc. has deep experience planning and developing sports and entertainment venues and adjacent mixed-use projects. With experience as developers, sports team executives, and venue operators, the firm offers unique capabilities and extensive knowledge of complex customer-facing real estate development, placemaking, and strategic partnerships. To learn more about Machete Group, please visit www.machetegroup.com.
