It's been a little over two years since the strip mall across from the UCF campus on the corner of University Boulevard and Alafaya Trail was demolished to make way for a student-centric apartment building. The demolition forced the relocation of such eateries as Lazy Moon Pizza and Miss Saigon and the outright closing of others, including Mama Millie's Caribbean and Anmol Indian restaurant. Things turned out just fine for Lazy Moon and Miss Saigon — they're both in better spaces, at least in terms of decor and functionality if not proximity to the student body.
The structure that now stands on that corner looks just fine, though those of us who watched it during its construction know that the solid looking facade is basically just, well, a facade — it hides the ticky-tacky that would go a long way in explaining if any of the new residents happen to hear a neighbor sneeze — two apartments away. (For all I know, the flats are perfectly solid and soundproofed; I suppose it's possible.)
But the new development also brought new retail and restaurant space. As far as I know, none of the businesses that were displaced from the old strip mall hung around to wait for the new construction, but businesses are starting to move in.
I visited one of the first ones, Bar Louie, a while back. You may be familiar with the Bar Louie that opened six years ago at the Rialto on Sand Lake Road.