News

  • Seminole Commissioners to consider Land Use change for 42-acre project near Oviedo

    Seminole Commissioners to consider Land Use change for 42-acre project near Oviedo

    An Orlando developer plans to build a mixed-use project on 42 acres near Oviedo, but needs approval from Seminole County for future land use changes, in part because the property sits in an area county leaders had hoped would become a high-tech corridor.JEL Land Development LLC wants to develop...

  • Peacock Automotive to buy Maitland's Don Reid Ford, pursue expansion

    Peacock Automotive to buy Maitland's Don Reid Ford, pursue expansion

    Peacock Automotive has south Maitland's Don Reid Ford dealership and its related 10 acres under contract with an expected closing in the next two weeks, and is considering redevelopment of the property with more modern showrooms and service buildings. The property at 1875 S. Orlando Ave. is comprised...

  • FHC Development expanding residential project south of St. Cloud

    FHC Development expanding residential project south of St. Cloud

    FHC Development will more than double the size of its proposed Deer Run Estates subdivision south of St. Cloud this year when the developer closes on a 34-acre parcel fronting Hickory Tree Road, CEO Frank Cawthon told GrowthSpotter. The parcel is directly across from a planned 545-home Buena Lago...

  • Developer prepares 75 acres near Lake Apopka for single-family, seeks buyers

    Developer prepares 75 acres near Lake Apopka for single-family, seeks buyers

    Boca Raton-based Equity Investments LLC is considering whether to develop the infrastructure on 75-plus acres near Lake Apopka itself this year and manage individual lot sales, or find a homebuilder to buy the entire project, a managing member of the company told GrowthSpotter.  The developer filed...

  • NJ-based investor pays $10M for hotel on Universal Blvd, third in tourism corridor

    NJ-based investor pays $10M for hotel on Universal Blvd, third in tourism corridor

    New Jersey-based owner-operator Pinnacle Hospitality Group LLC paid $10 million on Wednesday in an off-market deal for its third hotel in Orlando's tourist corridor, and may free up more capital for local acquisitions this year, managing members with the company told GrowthSpotter.  Located at...

  • Denholtz pays $18.5M for Orlando warehouses, wants more industrial

    Denholtz pays $18.5M for Orlando warehouses, wants more industrial

    An affiliate of New Jersey-based real estate investor Denholtz Associates paid $18.5 million on Wednesday to enter Orlando's small-bay industrial market, buying five buildings west of the airport with an eye for more like it in 2017, a lead executive with the company told GrowthSpotter.  Located...

  • Pulte Homes launching two new subdivisions in NE Osceola

    Pulte Homes launching two new subdivisions in NE Osceola

    A year after Pulte Homes nixed plans for an upscale, marina development on East Lake Tohopekaliga, the homebuilder has a contract to buy and develop 70 acres just down the road from the original site. It's one of two new subdivisions the homebuilder plans to launch in Osceola County by the second...

  • New buildings planned at Disney World's Caribbean Beach Resort

    New buildings planned at Disney World's Caribbean Beach Resort

    Walt Disney Parks and Resorts is pursuing stormwater management permits that would support a new series of hotel or timeshare buildings at its Caribbean Beach Resort. Disney filed a permit application on Jan. 17 with the South Florida Water Management District for "Project 88/Caribbean Beach,"...

  • Prominent attorney buys city block in Downtown Sanford, plans infill project

    Prominent attorney buys city block in Downtown Sanford, plans infill project

    How do you create a development plan when you own an entire city block? That's the opportunity facing Mark A. Nation after assembling land last year in Downtown Sanford. "We're still developing our vision for the property. We basically have a blank canvas to work with," the Longwood-based attorney...

  • Floriday plans 95-lot subdivision across from Poitras on Boggy Creek Road

    Floriday plans 95-lot subdivision across from Poitras on Boggy Creek Road

    Floriday Properties, a land development division of June Engineering Consultants, is seeking approvals for a 95-lot subdivision on Boggy Creek Road west of Narcoossee Road. Company president Randy June has contracts to buy five single-family homes to create the 19-acre assemblage just south of...

More GrowthSpotter News

  • Digital marketing firm pays $15.5M for Downtown Orlando office building

    Digital marketing firm pays $15.5M for Downtown Orlando office building

    An affiliate of Orlando-based digital marketing firm Launch That paid $15.5 million last week to fast-track its growth, buying a five-story office building in Downtown Orlando where it can expand, while repositioning the property as a hub for small tech companies.  Located at 1 S. Orange Ave.,...

  • Sanford airport selects Crotty & Zyscovich to lead economic development vision

    Sanford airport selects Crotty & Zyscovich to lead economic development vision

    Former Orange County Mayor Rich Crotty is part of a team that Sanford airport leaders hope will create a vision for developing nearly 500 acres around the Orlando Sanford International Airport. The Sanford Airport Authority (SAA) selected Zyscovich Architects via its Winter Park office last week...

  • Business owner & GC friend plan warehouse on spec in NW Orlando

    Business owner & GC friend plan warehouse on spec in NW Orlando

    A local business owner and his general contractor friend are partnering to develop an industrial warehouse in Northwest Orlando on spec, and are undecided on whether to lease the space or move the business there.  The developer affiliate, Princeton RJR LLC, includes Richard Kowalski, president...

  • Boca Raton developer buys site near Orlando airport, plans hotel & fuel station

    Boca Raton developer buys site near Orlando airport, plans hotel & fuel station

    Boca Raton-based developer Hardial Sibia and family members paid $2.2 million earlier this month to enter the Orlando market, buying land northeast of Orlando International Airport with a future hotel and fuel station in mind.  Sibia's affiliate HDRS LLC bought an estimated 5-acre portion of the...

  • Panda Express adding location near Legoland

    Panda Express adding location near Legoland

    Panda Restaurant Group (PRG), parent company of Panda Express, will add a new location this year in Winter Haven at the Colonial Promenade shopping center on Cypress Garden Boulevard. It's the first of two new Polk County stores slated for late 2017 opening, senior real estate manager Mike Everage...

  • Miami CRE investor pays $5.8M to enter Orlando industrial market

    Miami CRE investor pays $5.8M to enter Orlando industrial market

    A Coral Gables-based real estate investment group paid $5.85 million on Wednesday for three warehouse buildings in Orlando, its first in the local market, and is eyeing more in Greater Orlando to diversify.  COFE Properties bought the buildings in the Lake Holden Industrial Park, and the park’s...

  • Osceola and ICAMR passed over for $70 million federal grant

    Osceola and ICAMR passed over for $70 million federal grant

    Osceola County and its new high-tech research park were passed over in December for a $70 million federal grant, but could be eligible if Congress and the Trump administration approve funding for a second round of grant awards this year.  The county and International Consortium for Advanced Manufacturing...

  • Daryl Carter and John Reich team up for major St. Cloud land buy

    Daryl Carter and John Reich team up for major St. Cloud land buy

    An investment group led by Daryl M. Carter and John Reich paid $1.9 million on Thursday for 28 acres in the Osceola Industrial Park, near the intersection of U.S. 192 and Narcoossee Road.   As CEO of Maury L. Carter & Associates, Carter led an investment group that bought 236 acres last year on...

  • Orlando's top Domino's franchisee buys property, plans reno & new stores

    Orlando's top Domino's franchisee buys property, plans reno & new stores

    Orlando's largest Domino's franchisee is building two new stores in the local market, bought its second property in December and is seeking up to two more sites to lease this year, the company's president told GrowthSpotter.  Rick and Cindy Traenkner have been representing the brand since 1999,...

  • Central Florida Recovery Centers plans second location in Apopka

    Central Florida Recovery Centers plans second location in Apopka

    The local owner of Central Florida Recovery Centers, Inc., is in Apopka's planning approval process and just a few months away from opening its second location in Greater Orlando, a projected $2.5 million investment.  The business offers a range of services, including mental health assessments,...

  • New York's Malachite Group invests in Orlando commercial plaza

    New York's Malachite Group invests in Orlando commercial plaza

    Malachite Group LTD paid $2.75 million this week to acquire the Washington Shores retail plaza in the west Orlando neighborhood. The 45,370-square-foot shopping center at 2100 Bruton Blvd. is anchored by Save-A-Lot and Family Dollar. It was built in 1988 and was previously acquired by The Sembler...

  • Tavistock buys ownership stake in local homebuilder active in Lake Nona

    Tavistock buys ownership stake in local homebuilder active in Lake Nona

    Tavistock Development Company has acquired an ownership stake in Orlando-based homebuilder Century Homes, providing it new profit opportunity through one of Lake Nona's approved builders.  The developer made the investment last year, Tavistock spokeswoman Jessi Blakley told GrowthSpotter on Wednesday....

  • Nvision & buyer consider site near Valencia College East for student apts

    Nvision & buyer consider site near Valencia College East for student apts

    Orlando-based Nvision Development Management Services and a Texas-based investor have 12.3 acres under contract south of Valencia Community College East, exploring plans for student housing with an anticipated walking path to the campus, the company's president told GrowthSpotter.  Located at 113...

  • Michaelson-Goldelm partnership pays $31M for Altamonte apts, more in pipeline

    Michaelson-Goldelm partnership pays $31M for Altamonte apts, more in pipeline

    A partnership between Jacksonville-based Michaelson Real Estate Group and Colorado-based multifamily manager Goldelm paid $31 million last week for the 312-unit Charter Pointe Apartments in Altamonte Springs. Located at 919 Ballard St. in the heart of Altamonte’s medical and business district,...

  • CFX selects four engineering firms for Osceola toll road studies

    CFX selects four engineering firms for Osceola toll road studies

    The Central Florida Expressway Authority board voted Thursday to hire four separate engineering firms to evaluate potential new toll road routes in Osceola County. CFX approved a three-way interlocal agreement with Osceola County and the Osceola County Expressway Authority in September to take...

  • Atlanta-based restaurant chain targets Greater Orlando market for expansion

    Atlanta-based restaurant chain targets Greater Orlando market for expansion

    Atlanta-based restaurant chain Huddle House is seeking end-cap and free-standing locations to enter the Greater Orlando market this year, and is pursuing leads from local retail developers on promising franchisee partners, an executive with the company told GrowthSpotter.  Known for its "round-the-clock"...

  • JV of two Boca-based CRE investors pays $36.6M for Orlando apts, seeks more

    JV of two Boca-based CRE investors pays $36.6M for Orlando apts, seeks more

    A joint venture of two Boca Raton-based real estate investors paid $36.65 million on Jan. 6 for the 396-unit Tuscany Bay Apartments in Southeast Orlando. It's the JV's first multifamily asset in Greater Orlando, with plans to pursue all commercial property types locally in 2017, a lead executive...

  • Feltrim Group moving forward with plans for Ronaldo R9 Academy in Haines City

    Feltrim Group moving forward with plans for Ronaldo R9 Academy in Haines City

    Feltrim Group CEO Garrett Kenny has filed construction plans for the Orlando area's second Ronaldo R9 Soccer Academy at the main entrance to his Balmoral at Water's Edge resort in Haines City. GrowthSpotter first reported last March that Kenny had purchased one of five franchises slated for Florida...

  • Park Square's Gupta & son pursue hotel plans in Seminole, Polk counties

    Park Square's Gupta & son pursue hotel plans in Seminole, Polk counties

    Lead executives with Orlando-based Park Square Homes continue pushing the company to diversify away from its single-family legacy, with two new hotel developments in Seminole and Polk counties a focus of the next few months.  Vishaal Gupta and father Suresh Gupta, principals with Park Square, have...

  • Froggers to open fifth location in Old Town Kissimmee

    Froggers to open fifth location in Old Town Kissimmee

    Froggers Grill & Bar will open its fifth location at Kissimmee's Old Town, leasing the vacant 7,000-square-foot space at the northwest corner of the complex, formerly occupied by Kool Katz. "It's a local sports bar concept," Old Town General Manager Thearon Scurlock told GrowthSpotter on Tuesday....

  • St. Cloud Council to consider annexation for new senior apartments

    St. Cloud Council to consider annexation for new senior apartments

    The St. Cloud City Council is scheduled to vote Thursday on a voluntary annexation request from the developer of a new 36-unit apartment complex for seniors.  The project won unanimous support from the city's Planning Commission in December. Owner/developer Jose Quezada is seeking high-density...

  • City Furniture plans two more local land deals following Altamonte Springs

    City Furniture plans two more local land deals following Altamonte Springs

    City Furniture has yet to hire a commercial broker to market space in its future Altamonte Springs office building, and is negotiating sites for two more stores in Kissimmee and Central Orlando, the company's president told GrowthSpotter.  The company paid $4.9 million on Friday for 7.48 acres...

  • City to approve Tavistock for purchase & development of Poitras land near OIA

    City to approve Tavistock for purchase & development of Poitras land near OIA

    Orlando's City Council is expected to approve this Wednesday land purchase, development and management agreements with Tavistock Development Company for more than 1,800 acres south of Orlando International Airport.  **Update** City Council approved the GOAA land sale on Wednesday, pending agreement...

  • Mattamy Homes inks deal to be exclusive developer for Starwood

    Mattamy Homes inks deal to be exclusive developer for Starwood

    Mattamy Homes USA is embarking on its largest residential project to date - announcing Monday it will be the exclusive builder in Starwood, a 2,560-acre community just north of Lake Nona. Alex Martin, Mattamy's Orlando Division president, told GrowthSpotter the Canada-based builder has formed a...

  • Orlando Union Rescue Mission & Orlando Magic swap land to faciltate shelter move

    Orlando Union Rescue Mission & Orlando Magic swap land to faciltate shelter move

    The Orlando Magic and Orlando Union Rescue Mission swapped properties in Downtown Orlando on Jan. 3, a formal step that now allows renovation to start in the coming months on a shuttered hotel where the men's shelter should relocate to by late November, the mission's president and CEO told GrowthSpotter. ...

  • New luxury apartments planned on site of former abandoned E192 hotel school

    New luxury apartments planned on site of former abandoned E192 hotel school

    The former site of one of Osceola County's most blighted, abandoned buildings could soon be home to a new luxury apartment complex. Harris Civil Engineers has filed a preliminary site plan for a 420-unit apartment complex at the FL Turnpike - E192 interchange on behalf of the owner, an affiliate...

  • City Furniture buys Altamonte Springs site on I-4, plans store & office building

    City Furniture buys Altamonte Springs site on I-4, plans store & office building

    City Furniture closed Friday on a $4.9 million purchase of 7.48 acres in Altamonte Springs fronting Interstate 4, where the company plans to build a 109,500-square-foot retail showroom as its first Orlando-area location, and a neighboring office building. Located on the southeast corner of W. Central...

  • Ocoee sticks with local consultant to lead economic development efforts

    Ocoee sticks with local consultant to lead economic development efforts

    The City of Ocoee formally hired local government consulting firm Central Florida Strategies, Inc., on Tuesday to manage its economic development, carrying on a relationship formed in July that had has been key to multiple redevelopment projects in the city.  City commissioners unanimously approved...

  • Starling Chevrolet Orlando considers expansion with parking garage

    Starling Chevrolet Orlando considers expansion with parking garage

    Starling Chevrolet of Orlando is exploring options to build a five-level parking garage next to its dealership in South Orange County to gain vehicle inventory, a response to increasing land values in the area, but faces potential height restriction challenges ahead. Located at 13155 S. Orange...

  • Investors pay $4.6M for 42 units near Orlando's Fort Gatlin Recreation Complex

    Investors pay $4.6M for 42 units near Orlando's Fort Gatlin Recreation Complex

    A group of private investors paid $4.625 million in late December for a 42-unit multifamily property in Southeast Orlando, and are seeking more workforce housing acquisitions locally, a managing member told GrowthSpotter.  Located in the 3100 block of S. Bumby Avenue next to the Fort Gatlin Recreation...

  • Kissimmee congregation files construction plans for new church building

    Kissimmee congregation files construction plans for new church building

    The Kissimmee Church of God has filed construction plans for a new 22,000-square-foot church building that will allow the congregation to grow and expand its ministries. Pastor Jean Denis told GrowthSpotter on Tuesday the current building at 1320 W. Bryan St. can accommodate a max of about 400...

  • Oviedo posts RFQ for up to 3 architectural service contractors

    Oviedo posts RFQ for up to 3 architectural service contractors

    The City of Oviedo is seeking firms to provide professional architectural services for the next year or more, it announced in a Request for Qualifications (RFQ) published last week.  The architectural services under this contract could include facility and space planning, schematic design, needs...

  • InterAmerica Stage pays $2.2M for new Sanford headquarters

    InterAmerica Stage pays $2.2M for new Sanford headquarters

    Sanford-based entertainment staging and design company InterAmerica Stage, Inc., paid $2.2 million on Friday for a new local headquarters, closing the deal in less than a month after the seller vacated earlier this year for its own local expansion.  Located at 5401 Benchmark Lane in the Midway...

  • NFL wide receiver spends $539K on new Winter Garden home

    NFL wide receiver spends $539K on new Winter Garden home

    Buffalo Bills wide receiver and Fort Myers native Sammy Watkins spent $539,700 last week for a new five-bedroom home under construction in Winter Garden.  Samuel B. Watkins IV closed the purchase on Dec. 23 from M/I Homes of Orlando, with the deed recorded Friday afternoon in Orange County. Located...

  • Nashville-based MF investor pays $16.2M for Orlando apts

    Nashville-based MF investor pays $16.2M for Orlando apts

    An affiliate of Nashville-based Covenant Capital Group paid more than $16.25 million on Wednesday for the 258-unit Holley Garden Apartments south of Downtown Orlando, it's fourth local asset.  Located at 3435 S. Orange Ave., the 9.62-acre property features 10 two-story apartment buildings with...

  • Dallas REIT buys three Sonny's BBQ restaurants in Orlando, part of portfolio

    Dallas REIT buys three Sonny's BBQ restaurants in Orlando, part of portfolio

    An affiliate of Dallas-based Spirit Realty Capital paid more than $8.36 million on Wednesday for three Sonny's BBQ locations in Greater Orlando, part of a portfolio acquisition of seven Sonny's locations in Florida totaling $19 million.  The Orlando sites include 310 S. Alafaya Trail (in Waterford...

  • Holly Stenger, Walt Disney World Parks & Resorts

    Holly Stenger, Walt Disney World Parks & Resorts

    Not long ago, Holly Stenger was in Miami at the American Institute of Architects’ national convention when talk turned to the association’s 2017 get-together, already on the books for Orlando. “Everyone was like, ‘Who’s going to be the chapter president when the convention is here?!’ Stenger recalls....

  • Brooklyn-based apts investor pays $14.1M to enter Orlando market

    Brooklyn-based apts investor pays $14.1M to enter Orlando market

    A Brooklyn-based multifamily investment group paid $14.1 million last week to enter the Orlando market, buying 184 apartments across two neighboring properties southeast of Baldwin Park. Located at 1001 Shoreview Dr., the 160-unit Palms at Shoreview apartments were acquired, along with the neighboring...

  • KPMG buys Lake Nona training center land for $41.84M from Tavistock

    KPMG buys Lake Nona training center land for $41.84M from Tavistock

    New York-based KPMG LLP paid more than $41.84 million on Thursday for 54.5 acres in Lake Nona from Tavistock Development Company, choosing Orlando over two other cities for a planned $430 million investment to build an 800,000-square-foot corporate training and conference center. GrowthSpotter ...

  • 3rd-gen local CRE investor spends $1.5M on two Downtown Orlando sites

    3rd-gen local CRE investor spends $1.5M on two Downtown Orlando sites

    A third-generation investor in local real estate spent more than $1.5 million last week on two value-add commercial properties in Downtown Orlando. Brad Cowherd, principal of Florida Oranges Land Company and owner/operator of Infusion Tea on College Park's Edgewater Drive, has continued on the...

  • Park Square Homes locks down land for pair of Sawgrass Plantation communities

    Park Square Homes locks down land for pair of Sawgrass Plantation communities

    Park Square Homes will break ground in early January on a pair of residential projects in south Orange County's Sawgrass Plantation. The fast-growing homebuilder paid $5.9 million for the last two undeveloped parcels in the master-planned community. The builder closed earlier this week on a 54-acre...

  • Hotel on Kissimmee's W192 tourist corridor sells for $4.3M

    Hotel on Kissimmee's W192 tourist corridor sells for $4.3M

    The list of hotel sales on Kissimmee's tourism corridor continues to grow with the recent sale of the Comfort Inn on W192 for $4.3 million. The 4-story, interior corridor hotel sits on 1.4 acres at 5196 W. Irlo Bronson Memorial Hwy. Built in 2000, it has 63 rooms and previously operated as a Best...

  • Second Four Corners shopping center sells

    Second Four Corners shopping center sells

    WCOT Glen Brook Commons Florida, an LLC of a Prudential Real Estate Investment Trust, sold Glenbrook Commons, a strip shopping center with a total of 72,339-square-foot in the Four Corners area of South Lake County, for $6.6 million on Dec. 19. The buyer of the center at 1714 U.S. 27, near Clermont,...

  • Polk developer looking for partners on Reunion-area project

    Polk developer looking for partners on Reunion-area project

    Longtime Davenport real estate agent Lucia Camara has 141 acres of lakefront property under contract on Lake Wilson Road just south of Reunion Resort, and she's looking for development partners. Camara told GrowthSpotter she's scheduled to close on the property in March. It would be her third development...

  • Multifamily developer plans demolition, new apartment construction in Maitland

    Multifamily developer plans demolition, new apartment construction in Maitland

    Pollack Shores Real Estate Group, a multifamily developer growing its presence in the greater Orlando area, is planning a new apartment complex on the shores of Lake Gem in Maitland. The Atlanta-based company, which specializes in acquiring, developing and financing multifamily communities across...

  • Starwood planning next phase of Harmony West expansion

    Starwood planning next phase of Harmony West expansion

    Starwood Land has filed a preliminary subdivision plan (PSP) for another 962 residential units in Harmony West, an 11,000-acre master-planned community in Osceola County. The filing by VHB represents the second phase of the community's western expansion. Starwood has already begun prepping Phase...

  • Longtime Colliers broker closes $18.2M apartment sale before retiring

    Longtime Colliers broker closes $18.2M apartment sale before retiring

    After three years of "slowly unwinding my practice" John Stone can now concentrate full time on his golf swing. Stone, principal and managing director of multifamily investment sales for Colliers International Tampa Bay, closed the final transaction of his 40-year career earlier this month with...

  • Grocery store REIT buys its second Publix-anchored asset in St. Cloud

    Grocery store REIT buys its second Publix-anchored asset in St. Cloud

    A Cincinnati-based grocery store REIT paid $14.6 million on Dec. 19 for its second Publix-anchored shopping center in St. Cloud. The Phillips Edison & Company affiliate bought the 10-acre parcel at the corner of 13th Street (U.S.192) and Old Canoe Creek Road. The 75,000-square-foot plaza was built...

  • Ripley Entertainment scoops up land next to new Topgolf, Andretti Indoor Karting

    Ripley Entertainment scoops up land next to new Topgolf, Andretti Indoor Karting

    Ripley Entertainment Inc. paid $23 million Tuesday for 20.4 acres in Orlando's tourism corridor, but company officials are not disclosing their plans for the site. The parcel is located on Universal Boulevard, next door to the new Topgolf, Andretti Indoor Karting & Games and the bulk of Universal...

  • NJ investment group buys 2nd Orlando apartment complex for $52M

    NJ investment group buys 2nd Orlando apartment complex for $52M

    New Jersey-based Raia Properties Corporation expanded its Orlando-area portfolio on Monday, paying $52 million for the EOS Apartments near UCF. The Class A midrise complex was built in 2015 by the seller, Atlanta-based Catalyst Development Partners. It sits on 12.75 acres just northwest of the...

  • Miami company plans mixed-use project near Florida Mall

    Miami company plans mixed-use project near Florida Mall

    Miami-based MIR Developments LLC has long-range plans to build a mixed residential-commercial project just northeast of Orlando’s Florida Mall. The company has filed a site plan with Orange County for a 180-unit apartment or condo complex along with commercial space for retail and offices. The...

  • MLB Star Johnny Damon sells Windermere home

    MLB Star Johnny Damon sells Windermere home

    Two-time World Series champ Johnny Damon sold his lakefront Windermere estate on Dec. 15 for $1.7 million -- well below the original March 2015 $2.35 million list price but still a healthy ROI. The Orlando native, who attended Dr. Phillips High School, bought the house in 2003 for $1.15 million....

  • GrowthSpotter Stories of the Year: Osceola County

    GrowthSpotter Stories of the Year: Osceola County

    This has been a historic year for Osceola County as the tourism corridor begins to reach critical mass and the Florida Tech Farm takes shape. Three mega-developments along W192 promise to transform the corridor in the coming years. Encore Capital broke ground early this year on the 330-acre Margaritaville...

  • Orange County to build $16M replacement school in Winter Garden

    Orange County to build $16M replacement school in Winter Garden

    Winter Garden residents will have a new K-5 school ready to open in August 2018 to replace the 50-year-old Maxey Elementary. OCPS paid $1.8 million last week for 8.5 acres at the corner of 9th Street and Story Road, a half-mile from the existing school. The site already has been annexed into the...

  • Pending OCPS land deal helps galvanize Daryl Carter Parkway extension plans

    Pending OCPS land deal helps galvanize Daryl Carter Parkway extension plans

    Orange County Public Schools (OCPS) is scheduled to pay $25 million by Dec. 29 for 50 acres along the future 1.6-mile extension of Daryl Carter Parkway, a long-negotiated site for a future school that has helped galvanize county funding for the road's construction in 2017.    "I've been working...

  • MMI buys two Casselberry retail centers from ex-homebuilders, plans reposition

    MMI buys two Casselberry retail centers from ex-homebuilders, plans reposition

    MMI Development paid $5.2 million on Dec. 22 for two value-add retail centers on S.R. 436 in Casselberry, marking the last two commercial divestitures by principals of one of Orlando's most impactful homebuilders of the past 50 years.  The properties acquired were the Greater Mall (400-480 S.R....

  • New owners working to renovate, reopen W192's Toscana Suites as branded hotels

    New owners working to renovate, reopen W192's Toscana Suites as branded hotels

    After sitting vacant for years, the Toscana Suites is the kind of property most investors run away from -- the very definition of blight on Kissimmee's W192 tourist corridor. It was virtually gutted, overgrown and filled with trash, a haven for squatters, and was on the verge of racking up $1,500...

  • Summit preps new charter school site near UCF, to seek subs in January

    Summit preps new charter school site near UCF, to seek subs in January

    Orlando-based developer Summit Construction Management Group is preparing roughly 10 acres for a new charter school near the University of Central Florida, and should seek subcontractors as soon as January, a lead executive with the company told GrowthSpotter.  Work should begin early next year...

  • Restaurant Depot looking to build 60,000-SF warehouse store in Poinciana

    Restaurant Depot looking to build 60,000-SF warehouse store in Poinciana

    Members-only wholesaler Restaurant Depot is eyeing a location in Osceola County for its second Orlando-market warehouse store. The College Point, New York-based company currently operates an Orlando store at 3451 W. Princeton St., and now has a contract to buy 12.8 acres on S. Poinciana Boulevard south...

  • Avex Homes starts new townhome development on Seminole’s Lake Wildmere

    Avex Homes starts new townhome development on Seminole’s Lake Wildmere

    Developer Avex Homes has started construction on a $5 million first phase of townhomes fronting Seminole County's Lake Wildmere, and has a closing set for early January on more than 100 lots in south Osceola County.  Located at 640 E. State Road 434 in Longwood, the Reserve at Lake Wildmere will...

  • Wilson McDowell, Cite Partners

    Wilson McDowell, Cite Partners

    Wilson McDowell moved from Memphis, Tennessee, to Winter Park when he was 10. While the Cite Partners co-founder still loves the spoils of what he considers his hometown, his social life is far more YMCA than wine bar these days. “I have two little kids now!” he laughs. Indeed since 3-and-a-half-year-old...

  • Bellavista planning new vacation townhouse resort in Kissimmee

    Bellavista planning new vacation townhouse resort in Kissimmee

    Bellavista Building Group is planning a 50-unit vacation home townhouse resort in Kissimmee at 333 S. Poinciana Blvd. Bellavista President Aldo Martin told GrowthSpotter he partnered with Alamo Homes Group and RBZ International Corp. to form ARB Land Development LLC, which closed on the 9-acre...

  • New Legoland-area hotel to be built in 2017, first of two w/retail center

    New Legoland-area hotel to be built in 2017, first of two w/retail center

    Jacksonville-based developer Murphco of Florida is planning two new hotels and a shopping center on Winter Haven's Cypress Gardens Parkway, right across from Legoland Florida. The family-run business has filed construction plans with the city and Southwest Florida Water Management District for...

  • Caravan Court hotel owner seeks GC for $1.2M renovation of final 40 rooms

    Caravan Court hotel owner seeks GC for $1.2M renovation of final 40 rooms

    The owner of a Clarion Inn & Suites east of Universal Orlando is seeking a general contractor within the next 30 days to finish a property makeover that begin in 2014, but has been stalled for a year due to damage caused by an FDOT-hired contractor for the I-4 Ultimate expansion. Located at 5827...

  • Adventist Health pays $8M for 12 developable acres at Lake Nona entry

    Adventist Health pays $8M for 12 developable acres at Lake Nona entry

    Adventist Health System, parent company of Florida Hospital, paid $8 million on Thursday for 67 acres east of Lake Nona, of which roughly 12 acres are developable for a future hospital site.  Located at 10999 Narcoossee Road, the 67.24-acre site lies directly east of the intersection with Lake...

  • Atlanta non-profit buys Waterview Apartments on Lake Tyler for $22.7M

    Atlanta non-profit buys Waterview Apartments on Lake Tyler for $22.7M

    A non-profit focused on affordable housing for low- to moderate-income families has paid $22.7 million for the 360-unit Waterview Apartments three miles east of the Mall at Millenia, turning a $1.435 million profit for the seller who held it for 14 months.  Located at 4937 Waterway Court near the...

  • St. Cloud annexes site for 100-unit luxury duplex development

    St. Cloud annexes site for 100-unit luxury duplex development

    The St. Cloud City Council approved earlier this month an annexation and rezoning of a 19-acre parcel slated for 50 high-end duplexes.  Gentry Land Company's Oaktree Pointe Villas was approved on Dec. 8, despite objections from some residents and a few council members that it wasn't appropriate...

  • Entitlements conversion from hotels to apartments sought for Palm Parkway land

    Entitlements conversion from hotels to apartments sought for Palm Parkway land

    A Canada-based owner of 11 acres in the tourism corridor wants to expand the conversion options within his land's zoning, offering the flexibility to turn roughly a third of his hotel room entitlements into up to 400 multifamily units.  Located at 8175 Palm Parkway, the 11.13-acre undeveloped property...

  • Cite Partners principals acquire Ocoee land for industrial park, plans in review

    Cite Partners principals acquire Ocoee land for industrial park, plans in review

    Principals with Orlando-based commercial real estate firm Cite Partners closed in recent weeks on more than 45 acres of land on the western edge of Ocoee, with plans now facing final review for roughly 650,000 square feet of light industrial space bordering the 429 Western Beltway.  Located on...

  • Alliance Residential & Carlyle Group JV buys apartments site at Ravaudage

    Alliance Residential & Carlyle Group JV buys apartments site at Ravaudage

    Multifamily developer Alliance Residential Company has partnered with a real estate fund of The Carlyle Group on the purchase of 2.3 acres at the 73-acre Ravaudage property in Winter Park, with plans to break ground Jan. 9 on a seven-story, 268-unit apartment building. Land buyer affiliate CRP/AR...

  • FDOT looks to widen S.R. 535 and make it safer in south Orange, Osceola

    FDOT looks to widen S.R. 535 and make it safer in south Orange, Osceola

    The Florida Department of Transportation is in the early stages of a traffic study to reduce congestion and make safety improvements on S.R. 535 from Interstate 4 to U.S. 192 in Kissimmee. "It is a really, really congested corridor, as you know because you drive it," engineer Travis Hills told...

  • Judge rules Lake County’s Wellness Way sector plan out of compliance

    Judge rules Lake County’s Wellness Way sector plan out of compliance

    A judge has ruled that Lake County’s Wellness Way sector development plan for 16,200 acres in its southeast corner is not in compliance with state planning rules, leaving county officials and land owners to contemplate what to do next. “They didn’t kill the whole plan,” said Robert Chandler, Lake...

  • Altamonte Springs posts RFP for engineering services related to I-4 Ultimate

    Altamonte Springs posts RFP for engineering services related to I-4 Ultimate

    The City of Altamonte Springs is seeking bids over the next month for professional engineering services related to construction, engineering and inspection for the I-4 Ultimate utility relocations, and other potential projects.  The city published a Request for Proposals (RFP) on Tuesday that details...

  • Colony Capital pays $13.8M for 3rd Orlando industrial acquisition this year

    Colony Capital pays $13.8M for 3rd Orlando industrial acquisition this year

    An affiliate of Dallas-based global equity REIT Colony Capital paid $13.8 million on Monday for a single-tenant warehouse property in Northwest Orlando, the company's third industrial asset buy in Greater Orlando this year.  Located at 1925 Parks Oaks Ave., southwest of the intersection of W. Princeton...

  • Chicago investor pays $24M for Holiday Inn near Disney Springs

    Chicago investor pays $24M for Holiday Inn near Disney Springs

    Chicago-based GEM Realty Capital paid at least $24 million on Dec. 8 for the 323-key Holiday Inn Orlando-Disney Springs, doubling down on the Lake Buena Vista submarket after buying the nearby Hilton Orlando Buena Vista Palace last year for $96 million. Located at 1805 Hotel Plaza Blvd., the Holiday...

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