Is Walgreens’ imminent closing downtown a harbinger? Experts weigh in

ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.

For Rob Nunziata, the imminent closing of the downtown Orlando Walgreens at 190 S. Orange Ave. is more than just the loss of a convenient retail option on the ground floor of a building for which he and his brother, Joe Nunziata, are majority owners.

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After all, it was the Nunziatas — who are also co-CEOs of Orlando-based FBC Mortgage LLC — along with veteran broker Brian Grandstaff, of Millenia Partners, who were the driving forces behind the national retail tenant coming to downtown Orlando in the first place.

The leasing was heralded at the time as a big deal for downtown, with downtown leaders saying it checked one of the vital boxes for the central business district’s progression.

Click here to read the full story on the Orlando Business Journal’s website.