Orlando Philharmonic to buy second concert venue

Posted on: May 17, 2013

Thursday (5/16) on the Orlando Business Journal blog The Buzz, Anjali Fluker writes, “The Orlando Philharmonic Orchestra is close to finalizing a deal to buy downtown Orlando’s Plaza Live theater. The Philharmonic, which reportedly has been in talks about buying the standing-room-only concert venue on Bumby Avenue, now has the property under contract to purchase in the next few months for an undisclosed price. Jonathan Moore, broker/owner of Orlando-based Acquisition Consultants Inc. is representing the seller in the deal and said the Philharmonic has plans to renovate the theater. He added that existing concerts likely could continue to be held there, offering the Philharmonic additional revenue. The money to buy the theater would come partly from $750,000 given to the orchestra in 2011 by supporters Marc and Sharon Haigle, with an unnamed patron contributing another $500,000, the Orlando Sentinel reported. The Plaza Live’s current owner is Palm Harbor-based The Salthouse Group LLC, whose managing member is Robert Koch, state records showed. The building, which has a gross 28,843 square feet of space and was built in 1963, has an assessed value of $2.1 million, Orange County records showed.”

Posted May 17, 2013