OUC Exploring Possible Sale of Ivanhoe Building

Jun 15, 2021

Utility to Issue RFP on Friday

ORLANDO, FL – On June 18, 2021, OUC will issue a request for proposals (RFP) soliciting licensed real estate brokers to assist in determining the sales potential of its Ivanhoe Building, a long-held utility asset located at 1111 North Orange Avenue.

"OUC is determining the best use of our assets to ensure we’re meeting our commitment to provide value to the community we serve. Affordability through stable and competitive pricing is a priority as we move through a transition to a clean energy plan that includes substantial investments in renewables and corresponding infrastructure,” said Clint Bullock, OUC’s General Manager & CEO. “We believe the potential sale of this asset once the value is established may help us partially offset these costs.”

Owned by OUC since the 1920s and taken offline in 1958, the plant was OUC’s first source of energy and water – providing the infrastructure that fueled Orlando’s growth and setting the stage for generations of high-quality, reliable utility services. Vacant since 2013, the building was designated a historic landmark by the Orlando City Council in 1987. After renovations in the 1980s, it was converted to an arts center in partnership with the Orlando Ballet and other performing arts organizations as part of OUC’s strong commitment to the community.

“As shown by its use after being a power and water plant, the building offers opportunities in the marketplace to creatively repurpose the site and facilities especially as the Ivanhoe Village neighborhood continues to grow,” added Bullock.

OUC is seeking RFP respondents serving as licensed commercial real estate brokers in Central Florida and who have experience with Orlando commercial market valuations, brownfield development, adaptive re-use of older facilities, and representing municipal government clients.

The RFP will be available at https://ouc.com/doing-business-with-ouc/strategic-sourcing on June 18, 2021. Proposals are due July 19, and broker selection is targeted to be complete by the end of July.

About OUC—The Reliable One

Established in 1923 by a special act of the Florida Legislature, OUC—The Reliable One is the second largest municipal utility in Florida. OUC provides electric and water services to more than 400,000 accounts in Orlando, St. Cloud and parts of unincorporated Orange and Osceola counties. Visit www.ouc.com to learn more about our commitment to reliability, affordability and sustainability.