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A potential multi-billion-dollar development is in the early stages of planning on the prominent site of the Orlando Sentinel’s former headquarters, which Mayor Buddy Dyer said would be a catalyst for the downtown economy.

The 20-acre property on Orange Avenue at Colonial Drive has sat dormant since the newspaper left it in 2020. The site’s owner, Richard Perez, announced at Dyer’s annual State of Downtown on Tuesday that his Midtown Development is working with a renowned architect to move the site forward.

“That’s been the missing hole in the middle of downtown,” Dyer said. “When you fill that hole, it’s going to spread all around to the north and south.”

Details are scarce for the two-city-block site, Perez said. Nothing has been formally

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