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07 APPENDIX / CREATIVE VILLAGE DEVELOPMENT PHASE I 2017-2020 40 <br />- Central Park Phase I <br />Including the $75 million of in-kind contributions, <br />land and infrastructure from the City and CVD, the <br />initial phase represents a total investment of $485 <br />million. <br />Creative Village 2017-2020 Pipeline (Phase I). Announced projects represent over $410 million of vertical development activity scheduled for delivery in Phase I between 2017-2020 <br />- UCF/ Valencia Downtown Campus - $74 million <br />Phase I opening in August 2019 <br />- Private Development <br /> • 600-bed student housing project: $105 million <br /> • 300+unit market rate apartment project: <br /> originally estimated at $75+million <br /> • 256-unit mixed-income apartment community: <br /> $56 million <br />- OCPS PS-8 School: $60 million investment by Or- <br />ange County Public School; opened August 2017 <br />- Full service 299-room Marriott hotel recently <br />completed a $40 million renovation; opened <br />December 2017