On Dec. 14, 2020, Casto revealed it spent an undisclosed amount to buy out New York-based JPMorgan Chase & Co.’s stake in the shopping center. Casto also said it plans to invest roughly $20 million to upgrade Winter Park Village’s exterior at 510 Orlando Ave., and convert some office space into residential units. The deal capped off a tumultuous 2020 for the shopping center, in which several major tenants failed as the Covid-19 pandemic decimated retail real estate.
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