Construction continues to rise on Society Orlando, a 330-foot-tall, 26-story mixed-use development at 434 North Orange Avenue in Downtown Orlando. Designed by Orlando-based Baker Barrios and being developed by Miami and New York City-based Property Markets Group (PMG) alongside investment partner Raven Capital Management (Raven), the project consists of a pair of towers that will yield a combined 707 residential units under PMG’s Society Living brand with approximately 36,000 square feet of ground floor commercial space. The first phase of the development is making rapid vertical progress with John Moriarty & Associates as the general contractor.
Since our last construction update in July 2021, several floors have been added and the structure is now beginning to resemble the design in the renderings. Metal shores can be seen in place throughout the 7th through 10th floors while the concrete continues to solidify and harden. 11 slabs of concrete have been poured in including the ground floor slab, with another 16 to go before topping out the south tower.
Concrete monetary units are being stacked upon each other, forming perimeter walls along the south elevations, which will eventually sport a smooth gray stucco finish.
The large open area atop the podium is likely to become part of the amenity spaces on the 5th floor. Construction on the northwest section of the base is still in progress and should complete in the coming months.
PMG first broke ground on Society Orlando back in 2020, and has been able to continue the development of the first phase thanks to a $120 million construction loan provided by a fund managed by the Los Angeles-based CIM Group. The 26-story south tower will yield 462 residential units and is scheduled to reach completion in 2023; topping out can be expected some time during the Spring of this year. The remaining 245 units will be constructed in phase two during the development of the smaller 16-story north tower.