Slated to open third quarter 2014, Mango’s Tropical Café of Miami’s South Beach plans to open a second entertainment venue on Orlando’s International Drive. The Mango’s Tropical Café in Miami is a premier attraction in Florida and one of the top restaurant/nightclubs in the U.S. for more than 20 years. The newly acquired Orlando site sits at the main Interstate 4 interchange for the Convention Center District and International Drive.
“The Orlando market has already started another renaissance,” said David Wallack, Mango’s Founder & President, “Between Disney, Universal, Sea World and I-Drive, there are literally billions of dollars of new development and attractions going up everywhere. Mango’s is a natural fit for this market, and we have an incredible location. We look forward to serving millions of happy guests.”
”We are very fortunate to have such a dynamic opportunity in Orlando,” said Mango’s COO Joshua Wallack, who will re-locate from Miami Beach to Central Florida to directly oversee the new facility. “Mango’s Orlando will become the largest, must-see nightlife entertainment destination in Central Florida with amazing shows, atmosphere, and late night dining. An epic venue such as this will elevate Orlando’s rankings among popular convention destinations and influence major convention bookers to actually choose Orlando over other competing markets.”
Joshua Wallack says the destination will also bring up to 300 new jobs to the region.
Just as in Miami’s South Beach, Mango’s Orlando is expected to become a targeted tourist destination for Central Florida. The 2.9-acre site is situated at 8102 International Drive, at the entrance to the Orange County Convention Center district. The convention center is the second largest in the U.S. with 2.1 million square feet of exhibition space. The existing two-story, 49,000-square-foot building, a former TGI Fridays concept and Bargain World retail store, will undergo extensive renovations.
“Simply said, this is one of the best buildings for an entertainment venue in Florida,” said CBRE Vice President Bobby Palta, who provided site selection and buyer representation services to Mango’s. “Because of its highly-accessible, central location for the one million tourists that visit Orlando each week, the Convention Center district on International Drive did not see dramatic declines in property value during the recession and is setting record acquisition prices over the past 24 months. However, the diversity of entertainment options has contracted in recent years due to strategy changes by theme parks as well as the recession. Mango’s Orlando fills that void, adds some spice and will help revive the nightlife scene for visitors and residents here in Central Florida.”