THE PRIME -Profile
Iconic Location on International Drive
The Prime location on International Drive (15 miles long with 72 Million visitors per year} stands unrivaled as the premier destination in Orlando, boasting proximity to all major attractions in the area: THE PRIME tucked within the international drive surrounded by the most pristine untouched green forest offering the utmost desirability in the best location in Orlando of over two thousand acres with only two hundred and fifty developable acres for residential and commercial development1 not a single piece of residential land of this size is available in Orlando today for development which makes this property extremely desirable and priceless.
​
-
5 minutes from Disney,
-
5 minutes from Simon Premium Outlets
-
10 minutes from the Ritz Carlton Residents
-
10 minutes from the Four Seasons
Background:
After several years of negotiations between the landowners of the 550-acre Shingle Creek International Crossing property)TJ The South Florida Water Management District ("SFWMD")1 and Orange County a Land Swap Agreement was signed creating a
"Development Area" and "Preservation Area" south of International Drive and adjacent to the SFWMD's Shingle Creek Preserve. The development area consolidates private ownership of individual land lots into a developable property with the land use designations of Activity Center Mixed-Use
("ACMU") and Activity Center Residential ("ACR") in the Orange County
Comprehensive Plan. ACMU and ACR are two of the highest-intensity land use categories in Orange County. The Development Area consists of:
Value:
The Full value of the project exceeds $11B and more.
Summary
Branded Residences :
Fendi Casa
Armani Casa
Missoni Home
Bulgari Residences
Cipriani Residences
Mandarin Oriental residences
​
A. 5,300 Residence Apartments on 213.57 net developable acres.
​
2,000 of them are branded residence apartments.
​
B. 2,790 Residence Service Apartments & hotels on 46 net developable acres.
C. 1,266,000 square feet of commercial floor area on 45 net developable acres.
​
As part of the Land Swap Agreement, the property owners were required to submit an Environmental. Resource
Permit to designate additional property to donate to the SFWMD within the Preservation Area to offset anticipated wetland impacts in the Development Area. As part of the permit issued by the SFWMD, 327 acres will be donated to the SFWMD as a conservation/ Preservation Area.
​
​
A. 5,300 RESIDENCE APARTMENTS - 2,000 APARTMENTS ARE BRANDED RESIDENCE
B. 2,700 RESIDENCE SERVICE APARTMENTS & HOTELS
C. 1,266,000 SQFT COMMERCIAL
2,000
Branded Residence Apartments Value
The Ritz-Carlton Residences, Orlando, Grande Lakes
Orlando, Price Range: $1,500 - $2,000 Per Square Foot
The sale of Four Seasons Resort Orlando at Walt Disney World has
garnered considerable attention due to its remarkable transaction
value. This significant exchange underscores the robustness of
Orlando's luxury hospitality market.
​
Upon calculation, with a total of 2,000 branded residence
apartments, each spanning an area of 1,486 square feet,
the collective floor space sums up to a substantial
2,972,000 square feet. Considering the price per square
foot at $1,000 USO, the estimated value of the entire property
amounts to $2,972,000,000 USO.
Alternatively, valuing each of the 2,000 branded residences
apartments at $1,486,000 USO, the total worth tallies to
$2.97 billion USD.
3,000
Residence Apartments
Unbranded Value
Upon calculation, with a total of 3,300 unbranded residence
apartments, each spanning an area of 1,486 square feet, the
collective floor space amounts to 4,903,800 square feet.
At a rate of $800 per square foot, the estimated value
of the entire property reaches $3,923,040,000 USD.
Alternatively, valuing each of the 3,300 unbranded residences
apartments at $I, 190,000 USD, the total worth reaches
$3.92 billion USD
​
Summary
Residence Apartments
5,300
Comprising 5,300 residential apartments housed within
distinctive high-rise structures, our development stands as
a unique addition to the landscape. Notably, there are no
residential buildings exceeding 20 floors along the International
Drive, setting our project apart.
The prime residential units offer panoramic views of the
picturesque Shingle Creek forest and park, accentuated by a
modern design is characterized by extensive glass features and
spacious balconies, distinguishing them from other offerings
along International Drive.
With 2,000 branded residence apartments and 3,300 unbranded
units, the projected value of our development stands at
$2.97 billion and $3.92 billion, respectively, resulting in
a total valuation of $6.89 billion.
Service Apartments
2,700
& Hotels
Surrounded by lush landscaping and majestic layers of water,
the grand, ramping approach leads you to an elevated lobby.
Step into the warm welcome of 2,700 Service Apartments & Hotels
exceptional care, where your valet and doorman await you.
The double-height entrance lounge provides a wonderful first
impression and a luxurious meeting place for residents and visitors.
Beyond the glass, the views are wonderful in every direction.
The Prime
Income Projection
The Location
Orlando,Florida
Orlando, Florida
THE PRIME in Orlando Florida, is the largest real estate
development project zoned for residential and commercial use
in the eastern United States.
Orlando is America1s most-visited city, with 74m visitors in 2022. The Prime is adjacent to the 15-mile-long International Drive with access to brands including:
​
✓ Disney World (7-min drive) - average annual attendance of 58m visitors
✓ Four Seasons (I 5-min drive) - rated #2 Best Hotel in Florida, #6 Best Resort in USA
✓ Orlando Vineland Premium Outlets (5-min drive) - 2nd biggest mall in the US with 26m annual visitors and a wide range of premium brands like Prada and Gucci
✓ The Ritz-Carlton (8-min drive) - prime residential condominiums selling for US$ 1,500-2,000 psf
​
​
The Prime is set within a protected forest, providing incredible views and amenities to potential residents.
Other nearby attractions: Islands of Adventures/Universal City Walk/Universal Studios/ Starflyer /
Volcano Bay/Fun Spot America/Mango1 s Tropical Cafe /Ripley's Believe It or Not/ICON Park /
Wonder Works /Pointe Orlando /Aquatica /Sea World /Discovery Cove.
Entitlements
From: Nancy Rossman <narossman narossman.com>
Date: Thursday, 11 January 2024 at 21 :29
To: dan@kobodevelopment.com <dan@kobodevelopment.com>,
bebokobo27@yahoo.com <bebokobo27@yahoo.co
Subject: Shingle Creek
​
Per your request, below is the status of the zoning and entitlements of the Property (which is one process). Currently, the Property has a future land use designation of ACMU (Activity Center Mixed Use) which allows a highly dense mixture of tourist-related development and residential development (on 30% of the site), and ACR (Activity Center Residential) which allows a mix of certain commercial uses and residential development between 12 and 30 units per acre.
The future land use designation establishes the allowable uses on the property and requires a PD Planned Development zoning which specifies the intended uses. The current zoning is A-2. The A-2 zoning is a "placeholder". We submitted an application with Orange County for PD zoning for the following uses: Commercial,, Hotel/Condo, and Multi-Family Residential.
We submitted the PD application and are currently responding to specific questions for the County staff. The application process is ongoing, however, we have already had our community meeting and are working with the various departments within Orange County to respond to their specific comments/concerns. The development program shown on the proposed PD was done after conversations with Orange County staff regarding density and development footprint.
As part of the process we have submitted for a Conservation Area Impact (CAI) permit and are responding to comments regarding the impacts on wetlands.
Once we get a bit closer to obtaining the CAI permit, the County will schedule our DRC (Development Review Committee) meeting. This will include the department heads from Planning and Zoning, Transportation, and Engineering where they can comment on specific items to ensure that the project is consistent with County Code.
Per the schedule previously delivered to you, after the DRC meeting, the project will go to the Planning and Zoning Commission and then finally to the Board of County Commissioners.
We firmly believe that it is not a question of "if we will get the zoning/entitlements on the Property, it is a question of when (timing).
Nancy A. Rossman
3200 S. Hiawassee Road Suite 205
Orlando, Florida 32835
O.D Kobo
Chairman & Owner
O.D. Kobo is a seasoned investor and entrepreneur with a proven track record spanning over two decades in the financial services and technology sectors. He has emerged as
a leading figure in structuring complex capital and partnerships, collaborating with esteemed business and political leaders worldwide. Throughout his career, O.D. Kobo
has established strategic alliances and conducted successful business ventures with influential figures such as the former Prime Minister of Qatar, HH Al Thani, and entities like the Qatar Investment Authority (QIA), Teddy Sagi of Playtech, Roman Abramovich of Millhouse Capital, and Elliott Bernerd of Chelsfield, among others. These partnerships, totaling nearly $3 billion in value, underscore his exceptional ability to navigate high-stakes financial landscapes and cultivate impactful connections.
In 2018, Kobo demonstrated his forward-thinking approach by leading a $50 million investment in Bitcoin and Ethereum through London-based private equity firm PIR Equities, marking him as one of the United Kingdom's pioneering institutional investors in the digital asset space. This investment underscored his knack for identifying emerging technology trends and making strategic investment decisions that yield significant returns for partners. With his extensive experience and expertise in the financial and technology industries, O.D. Kobo brings invaluable insights and a wealth of knowledge to Parallel Strategy, where his progressive mindset positions him as a valuable asset
to the industry. His strategic vision, entrepreneurial spirit, and profound understanding of financial markets and technology make him an influential figure in investment and entrepreneurial communities.
​
​
​
Career Highlights:
Kobo's diverse business interests have ranged from technology to property to private equity, resulting in nearly
US$1 billion in exits.
Kobo initiated his career at twenty-one by licensing patented technology to the online lottery industry with e-Lottery (once the domain holder of Lottery.com). He subsequently founded several China-based investment firms, including KGIM and SinoSheen, both of which partnered with the Prime Minister of Qatar Hamad bin Jassim bin Jaber
Al Thani. KGIM was acquired in 2010 for US$120 million by East River Capital, a subsidiary of the Qatar Investment Authority, while SinoSheen invested in companies such as Tencent, Netease, and Alibaba pre-lPO before its acquisition in 2011 for US$52 million.
In 2008, Kobo co-founded PIR Equities with childhood friend Joseph Aaron Horowitz, an employee-owned private equity firm. According to reports, the firm raised US$980
million that year to pursue value-based investments within the financial services, technology, and real estate industries.
In 2014, Camden Market Holdings, proprietor of landmark properties like Camden Market Stables Market and Camden Lock Developments in Camden, London, was acquired for $680 million by billionaire businessman Teddy Sagi of Playtech. Kobo, via PIR Equities, invested in Camden Market Holdings and served on the board of directors alongside Bebo Kobo, Richard Caring, and Chelsfield Partners. In the same year, Kobo sold Pheed, a mobile pay-per-view technology, to Carlos Slim and American Movil for US$40 million.
In 2015, Kobo established S Group with business partners Roman Abramovich and Gee Roberson, former Chairman of Geffen Records. The group ventured into various projects, including technology investments.
In March 2019, Kobo introduced Israel Infrastructure Partners (IIP), a private equity firm focused on infrastructure investments, with the launch of a $350 million debut fund, IIP I, later expanded to $500 million as Israel Investment Partners in June 2019.
Kobo's ventures expanded into the cryptocurrency realm, as evidenced by his listing at number 47 on Entrepreneur Magazine's 'Top 50 Richest People in Crypto' in November 2021, with an estimated net worth of $200 million. He continues to invest in digital assets, including Ethereum and various altcoins.
Dan Aylon
Partner & Chief Executive
Dan Aylon is a highly accomplished and seasoned executive, boasting a remarkable career spanning over four decades, during which he has consistently demonstrated his exceptional leadership abilities. As a co-founder of Kobo Development LLC, Dan Aylon brings a wealth of experience and expertise to the table.
Prior to his role at Kobo Development, Dan Aylon served as the Founder and CEO of the renowned Signature Glass Company, Europe's preeminent glass production company catering to the beverage industry. Under his visionary leadership, the company flourished, attaining the status of Europe's largest player in its field. During his tenure, Dan Aylon fostered invaluable partnerships with prestigious clients such as Anheuser-Busch, McDonald's, and Coca-Cola, among others. This strategic collaboration resulted in extraordinary achievements, propelling the company to attain a remarkable annual revenue of over $700 million.
In addition to his notable success in the beverage industry, Dan Aylon displayed a keen eye for investment opportunities, venturing into the real estate market in late 2010. His investment endeavors extended to diverse geographical regions, including Israel, Greece, and the United States. Alongside his longtime friend and business associate, O.D. Kobo and Dan Aylon have consistently identified and capitalized on lucrative real estate opportunities, thereby cementing their positions as shrewd investors.
The collaboration between Dan Aylon and O.D. Kobo is marked by shared enthusiasm, a profound vision for growth, and a complementary skillset. Capitalizing on Dan Aylon's extensive track record of success, far-reaching network of industry contacts, and astute operational acumen, Kobo Development LLC has been positioned for substantial growth and achievement.
In conclusion, Dan Aylon's remarkable journey as a seasoned executive, successful entrepreneur, and visionary investor highlights his exceptional talent for driving market dominance and capitalizing on lucrative business opportunities. With a rich history of accomplishments and a commitment to excellence, Dan Aylon's presence at Kobo Development LLC promises to be instrumental in the company's continued success and ascension to new heights.
