News

  • Orlando preps for 'Complete Streets' planning of 720-acre Downtown South

    Orlando preps for 'Complete Streets' planning of 720-acre Downtown South

    The City of Orlando is preparing to kick off a year of "Complete Streets" master planning for about 720 acres that make up its Downtown South Neighborhood Improvement District (DSNID), aiming to steer future redevelopment along the frontage of main thoroughfares with better design, landscaping...

  • Apopka pursues update to CRA master plan, targets new downtown redevelopment

    Apopka pursues update to CRA master plan, targets new downtown redevelopment

    The City of Apopka is preparing a long overdue update to the master plan for its Community Redevelopment Agency (CRA), with potential new projects to repurpose blighted parts of downtown, help homebuyers fill vacant lots, and five "opportunity sites" recommended for mixed-use redevelopment. The...

  • Lowndes Law partner sells Winter Park home for $2.1M to neurosurgeon

    Lowndes Law partner sells Winter Park home for $2.1M to neurosurgeon

    A name partner in Orlando law firm Lowndes, Drosdick, Doster, Kantor & Reed, P.A., recently opted to downsize within Winter Park, buying a condo unit near Park Avenue in March and then selling his longtime lakefront home on April 17 for $2.1 million. Located on Henkel Circle, The two-story, 3,872-square-foot...

  • Blackstone buys Orlando warehouses for $12.5M as part of 38-asset portfolio deal

    Blackstone buys Orlando warehouses for $12.5M as part of 38-asset portfolio deal

    An affiliate of the Blackstone Group paid $12.45 million on April 18 for two industrial warehouse properties west of Orlando International Airport, part of a 38-asset national portfolio buy closed in the past week.  Located at 10950 Palmbay Dr. and 10805 Southport Dr., the two properties (Southport...

  • Ritz-Carlton Orlando planning $6.6M in renovations to lobby, bar & more

    Ritz-Carlton Orlando planning $6.6M in renovations to lobby, bar & more

    New York-based investment firm the Blackstone Group is preparing to spend more than $6.6 million at The Ritz-Carlton Orlando, Grande Lakes this year on interior renovation work to its lobby, lobby bar and lounge, terrace area and more.  Located at 4012 Central Florida Parkway, the 14-story, 582-key...

  • Stephanie Landis, Intertek-PSI

    Stephanie Landis, Intertek-PSI

    Riddle us this: What does the Brooklyn Bridge have in common with a McDonald’s Happy Meal? Turns out, quite a bit. But for our purposes, the short answer is Stephanie Landis. A little more than a year ago, Landis’ employer of 15 years, PSI, was purchased by a global firm called Intertek. PSI was...

  • Intram lands developer for Phase 1 multifamily at Sunrise City Plaza

    Intram lands developer for Phase 1 multifamily at Sunrise City Plaza

    Intram Investments is teaming up with Integra Land Company for the multifamily portion of its 238-acre Sunrise City mixed-use project in Kissimmee's tourism corridor. Intram President Rashid Khatib told GrowthSpotter that the Lake Mary developer is expected to close in August on 11.5 acres just...

  • W192 Redevelopment board divides corridor into 8 zones to focus spending

    W192 Redevelopment board divides corridor into 8 zones to focus spending

    Osceola County's W192 Development Authority is moving quickly to implement a new strategy focusing on defined target areas and capital projects. Executive Director David Buchheit presented his plan on April 19 to subdivide the 17-mile corridor into eight distinct zones, or subdistricts, beginning...

  • Gator's Dockside on Narcoossee moves ahead, mixed-use & SFR land available

    Gator's Dockside on Narcoossee moves ahead, mixed-use & SFR land available

    Gator's Dockside could break ground in June on a new restaurant site northeast of Lake Nona and has yet to hire a broker to market adjacent pads for mixed use, while a neighboring land owner wants to tweak his zoning for potential sale to a church -- or homebuilder.  The Orlando-based restaurant...

  • Georgia mulch company pays $2.8M for site near Apopka, plans market entry

    Georgia mulch company pays $2.8M for site near Apopka, plans market entry

    An affiliate of Georgia-based Cowart Mulch Products paid $2.8 million on April 13 to enter the Central Florida market by way of Apopka, buying a former lumber yard that it will convert into its first mulch processing and sales facility in Florida.  Located at 2320 N. Orange Blossom Trail, the 19.9-acre...

More GrowthSpotter News

  • Picerne Development exec pays $4.1M for Winter Park mansion

    Picerne Development exec pays $4.1M for Winter Park mansion

    The president of Altamonte Springs-based Picerne Development Corporation of Florida paid $4.15 million last week for a piece of Winter Park history, and one of the city's largest lakefront mansions. Located in the 1000 block of Genius Drive, the 1.8-acre lot is one of just three behind the gate...

  • Canadian developer planning $8 million multifamily conversion of W192 hotel

    Canadian developer planning $8 million multifamily conversion of W192 hotel

    Montreal-based developer Aldo Coviello said it will take a good architect, a lot of money and some magic to convert a shuttered hotel on Kissimmee's W192 corridor into a modern apartment building. But that's what he intends to do. Coviello, president of Aldo Construction, said he has a contract...

  • OUC seeks contractor to build pump system at Stanton Energy Center

    OUC seeks contractor to build pump system at Stanton Energy Center

    Orlando Utilities Commission is seeking a contractor to build a decant cell pump system at its Stanton Energy Center, according to a Request for Proposals (RFP) published on Tuesday. The Curtis H. Stanton Energy Center is a power plant owned by OUC, about 13 miles southeast of Downtown Orlando,...

  • Atlantic Housing buys 18.5 acres in East Orange for apts near Valencia College

    Atlantic Housing buys 18.5 acres in East Orange for apts near Valencia College

    Winter Park-based multifamily developer Atlantic Housing Partners recently paid $2.74 million for 18.5 acres in east Orange County, where it plans to build a 238-unit apartment complex. A company affiliate purchased the property on North Chickasaw Trail from Chickasaw Property LLC on April 13,...

  • McKinley buys 12th apartment property near Universal theme parks

    McKinley buys 12th apartment property near Universal theme parks

    National multifamily owner-operator McKinley paid more than $43 million on Tuesday for its 12th apartment property in the Universal Orlando submarket along Conroy Road, buying the 320-unit Middlebrook Farms Apartments.  Located at 4000 Middlebrook Road just off the 5000 block of Conroy, the 42-acre...

  • Alliance Residential scales back Lake Ivanhoe tower plans for MPB approval

    Alliance Residential scales back Lake Ivanhoe tower plans for MPB approval

    After a month of significant tweaks to design, height and the project's mixed-use gameplan, Winter Park-based Alliance Residential Company earned approval Tuesday from Orlando's Municipal Planning Board for its proposed apartment tower in downtown's Ivanhoe Village.  City planning staff have supported...

  • Battaglia Group prepping 130-acre site in St. Cloud for mixed-use

    Battaglia Group prepping 130-acre site in St. Cloud for mixed-use

    A Winter Park real estate firm that got its start in the citrus industry is prepping 130 acres of St. Cloud orange grove for future development. Battaglia Group is meeting with brokers and working with VHB, Inc., to master plan the site in anticipation of listing it in the near future, COO Daniel...

  • Lake Mary seeks contractor bids to build new Heritage Park

    Lake Mary seeks contractor bids to build new Heritage Park

    The City of Lake Mary is seeking a landscape contractor to build the first phase of its new Heritage Park, to be located on the city's east end nears its SunRail station. The land that is being used was donated to the city for public use and currently contains trees and open space. It is at Greenleaf...

  • Avison Young exec returns to family roots with home purchase in College Park

    Avison Young exec returns to family roots with home purchase in College Park

    A veteran office and industrial broker at Avison Young in Orlando paid $848,000 on Saturday to move back near his family's roots in College Park, with a Rex-Tibbs custom home overlooking Lake Adair.  Located on N. Lake Adair Boulevard in the Lake Adair Place subdivision, the 0.25-acre lot features...

  • Lincoln Property Company pays $11M for site of Tremont Plaza tower, ballroom

    Lincoln Property Company pays $11M for site of Tremont Plaza tower, ballroom

    An affiliate of Lincoln Property Company paid $11 million on Friday for the Downtown Orlando site of its planned 28-story mixed-use Tremont Plaza tower project, acquiring with it the popular Ballroom at Church Street that could be redeveloped in the future.  Located at 225 S. Garland Ave., roughly...

  • New school, performing arts center study among bids to be awarded in Osceola

    New school, performing arts center study among bids to be awarded in Osceola

    Osceola County Schools has selected a first-place award-winning school design by Orlando-based Song + Associates as the prototype to replace the county's oldest elementary school.   The Michigan Avenue Elementary project was top priority in the half-cent sales tax referendum Osceola County voters...

  • Blackstone pays $175M for two Orlando multifamily assets, including 55 West

    Blackstone pays $175M for two Orlando multifamily assets, including 55 West

    The Blackstone Group paid a combined $175.25 million in a national portfolio deal last Thursday for two large multifamly properties in Orlando from Boston-based TA Realty, including one of Downtown Orlando's tallest towers.  The world's largest private equity firm paid $105 million for the 33-story,...

  • Austin apartment developer eyes Orlando market entry via Universal Blvd

    Austin apartment developer eyes Orlando market entry via Universal Blvd

    Austin-based multifamily developer Aspen Heights Partners is pursuing its Orlando market entry via 26 acres on Universal Boulevard, with plans filed Friday for a 418-unit apartment complex on a site that was under contract to a competitor last year, right between the future Topgolf, Andretti Indoor...

  • McDonald Development seeks lender for 4th industrial bldg at Lee Vista

    McDonald Development seeks lender for 4th industrial bldg at Lee Vista

    Atlanta-based McDonald Development Company is preparing to break ground on its fourth spec industrial building in the Lee Vista Commercial Park, and is seeking a construction lender within the next three months, a lead executive with the company told GrowthSpotter.  Planned for a 7.8-acre site...

  • O'Connor Capital buys Daryl Carter Pkwy land for retail power center, eyes June start

    O'Connor Capital buys Daryl Carter Pkwy land for retail power center, eyes June start

    New York-based developer O'Connor Capital Partners paid $27.9 million on Thursday for 69-plus acres along Daryl Carter Parkway, where it plans to break ground in June on infrastructure work for a new retail, dining and entertainment center dubbed Vineland Pointe, a lead executive with the company...

  • Reich Properties planning new industrial park in St. Cloud

    Reich Properties planning new industrial park in St. Cloud

    Reich Properties is banking on a growing demand for flex-industrial space in St. Cloud, making its second major land acquisition in the city. John Reich told GrowthSpotter he is under contract and projected to close within 60 days on an unfinished 16-acre business park on Old Hickory Tree Road,...

  • Kissimmee resort owners planning new retail at E192 and FL Turnpike interchange

    Kissimmee resort owners planning new retail at E192 and FL Turnpike interchange

    The owners of the Flamingo Waterpark Resort on E192 at the Florida Turnpike interchange are moving forward with plans to build a shopping and lifestyle center in front of the hotel. Miami-based Blue Road paid $9 million in 2014 to buy the 245-room full-service hotel, and has invested another $2...

  • Sloan's Automotive repair shop to expand South Downtown footprint

    Sloan's Automotive repair shop to expand South Downtown footprint

    Family-owned auto repair shop Sloan's Automotive is expanding its Central Orlando store after acquiring an adjacent lot last month, and estimates $400,000 or more in investment through buildout by this Fall. "My son (Kenny Sloan) is working as manager now, he's highly motivated and we're in the...

  • Developer files plan for City Furniture & outparcels fronting I-4, west of Millenia

    Developer files plan for City Furniture & outparcels fronting I-4, west of Millenia

    Frankin, Tenn.-based UP Development will develop its final 13.18 acres west of the Mall at Millenia with City Furniture as anchor fronting Interstate 4, and four outparcels it will retain for sale or land lease. The developer filed a Master Plan this week in Orlando for the site at 4751 Vineland...

  • Osceola's W192 Development Authority could spend millions around Margaritaville

    Osceola's W192 Development Authority could spend millions around Margaritaville

    Osceola's W192 Development Authority wants to change how it spends its tax dollars, choosing to focus on specific target areas rather than spreading it around the 17-mile corridor. And Margaritaville Resort, scheduled to open in 2018, could be the first beneficiary of the new approach. Over the...

  • Developer buys Altamonte Springs site for 7th local store of auto body repair chain

    Developer buys Altamonte Springs site for 7th local store of auto body repair chain

    Dallas-based Cross Development paid $790,000 on April 6 for a build-to-suit site in Altamonte Springs, planned as the seventh local store of auto body repair chain Caliber Collision.  Located at the intersection of Rainer Drive and Pearl Lake Causeway with frontage on Bunnell Road, the 2.21-acre...

  • More light industrial planned around Apopka's Cooper Palms Sports Complex

    More light industrial planned around Apopka's Cooper Palms Sports Complex

    Apopka-based developer Michael R. Cooper Construction Co. expects to break ground in May on its latest light industrial project near Apopka's Cooper Palms Sports Complex, and could start work in the Fall on another neighboring 20-acre site for warehouse/office, the company's president told GrowthSpotter. ...

  • KB Home launching new subdivisions in Groveland, Winter Haven

    KB Home launching new subdivisions in Groveland, Winter Haven

    KB Home has started construction and will open sales this summer on two new subdivisions in Groveland and Winter Haven.  Lake Lucerne in Winter Haven is a reactivated project that KB had purchased for $9 million in 2005. The 388-lot subdivision is divided into six develoment phases. Jim Reinert,...

  • FINFROCK set to grow with Apopka office & factory expansion plan

    FINFROCK set to grow with Apopka office & factory expansion plan

    Apopka-based design-build company FINFROCK will be growing its headquarters and staff to keep up with market demand for its pre-fabricated construction product, adding 7,000 square feet of office and expanding its manufacturing plant.  The company’s rapid growth, now at nearly 500 employees, has...

  • Buyers & road work being lined up for 126-acre Apopka master-planned community

    Buyers & road work being lined up for 126-acre Apopka master-planned community

    A Tampa-based developer behind the 126-acre, master-planned Avian Pointe community in Apopka has prospective buyers for several of the segments, and could start construction this summer on a new interconnector road.  Initially proposed in 2014, the project was described at the time as Apopka's...

  • Foundry buys first 60 acres for Princeton Oaks industrial, plans spec start

    Foundry buys first 60 acres for Princeton Oaks industrial, plans spec start

    An affiliate of Foundry Commercial paid $5.55 million on Friday for the first 60-acre phase of its planned Princeton Oaks industrial park, and aims to break ground next week for the first few buildings, a principal with the company told GrowthSpotter.  Located in the 3700 block of W.D. Judge Dr....

  • Richmond American pays $4.8M for finished lots in St. Cloud

    Richmond American pays $4.8M for finished lots in St. Cloud

    Richmond American Homes is expanding its lot inventory in St. Cloud, paying $4.8 million for 100 finished lots in Pinewood Gardens. The 198-lot neighborhood was first platted in 2005 by Brevard County developer Ron Howse. His company, Mathews Properties & Development Inc., purchased the 60-acre...

  • Contractors sought to aid mixed-use planning on Narcoossee Road lakefront

    Contractors sought to aid mixed-use planning on Narcoossee Road lakefront

    A Saudi Arabian investor will seek a landscape architect and more in the coming weeks to refine plans for 35 acres on Lake Whippoorwill east of the Lake Nona Landing shopping center, the project's development coordinator told GrowthSpotter.  Paperwork for a Specific Parcel Master Plan was filed...

  • British couple buys $2.1M vacation home in Reunion Resort

    British couple buys $2.1M vacation home in Reunion Resort

    The owners of England's fastest growing wine import company are now part-time residents of Reunion Resort. Tony and Veronica Cleary, founders of Lanchester Group, paid $2.1 million for a nearly 10,000-square-foot estate home on Legends Corner in the golf resort. The custom home was built in 2013...

  • Rare Builders buys lakefront College Park acre lot for redevelopment

    Rare Builders buys lakefront College Park acre lot for redevelopment

    Altamonte Springs-based custom homebuilder Rare Builders paid $1.4 million in late March for a lakefront acre in College Park, drawn by the prospect of subdividing to redevelop for multiple homes.  Located at 1516 W. Ivanhoe Blvd., the 1.17-acre property currently features a 64-year-old home with...

  • PGA golfer, Master’s competitor sells Lake Nona home for $1.8M

    PGA golfer, Master’s competitor sells Lake Nona home for $1.8M

    Gary Woodland, a veteran PGA golfer and competitor in this year’s Master’s Tournament, recently sold his family home in Lake Nona Estates for $1.8 million, according to a deed signed March 30 and recorded Monday in Orange County. The 5,100-square-foot home in the 8000 block of Bevington Lane was...

  • Panera franchisee forms JV with Fresh Kitchen to expand statewide

    Panera franchisee forms JV with Fresh Kitchen to expand statewide

    The nation's largest Panera Bread franchisee has entered a joint venture with Tampa-based Ciccio Restaurant Group to expand its fast-casual Fresh Kitchen restaurant concept statewide. Covelli Enterprises owns and operates 77 Panera Bread locations in Florida, including 32 in the Orlando area. The...

  • Waste Pro USA purchases HQ building in Longwood after leasing 17 years

    Waste Pro USA purchases HQ building in Longwood after leasing 17 years

    Waste Pro USA, one of Central Florida’s largest privately owned companies, recently purchased its headquarters building in Longwood for $4.2 million, according to deeds signed in late March and recorded Thursday in Seminole County. Known as "The Springs," the three-story, 32,934-square-foot building...

  • Celebration Golf exec pays $3.75M for lakefront home in Windermere

    Celebration Golf exec pays $3.75M for lakefront home in Windermere

    A lead executive with the Celebration Golf Club and other golf courses in Florida paid $3.75 million last week for a lakefront home in Keene’s Pointe. Located on Grosvenor Shore Drive, the 8,677-square-foot custom home built by Stonebridge Homes sits on just under 4.5 acres and includes two boat...

  • Better Built Homes launching new townhouse project on U.S. 27

    Better Built Homes launching new townhouse project on U.S. 27

    Polk developer and homebuilder Jean Marsan has broken ground on a 40-unit townhouse development on the U.S. 27 corridor, just north of Heart of Florida Hospital. Marsan, owner of Marsan Realty and Better Built Homes, bought the 5-acre parcel on Holly Hill Grove Road in December for $182,000. The...

  • New fast-food Italian & Mexican brands enter Orlando market via I-Drive area

    New fast-food Italian & Mexican brands enter Orlando market via I-Drive area

    Local Cold Stone Creamery franchisees are preparing to open their own new quick-service Italian restaurant brand in the heart of International Drive.  Vijay Dattani and his brother, Bimal Dattani, own and operate seven Cold Stone locations in Greater Orlando with an eighth on the way, and their...

  • D.R. Horton under contract to buy 350-home subdivision on Westside Blvd

    D.R. Horton under contract to buy 350-home subdivision on Westside Blvd

    Homebuilder D.R. Horton and developer Keewin Real Property Co. are teaming up for a 350-home project on Kissimmee's Westside Boulevard. The 72-acre parcel at the southwest corner of Westside Boulevard and Florence Villa Grove Road is designated as "Parcel L" in the Mixed-Use District Planned Development...

  • UCF files plans with city for downtown campus' anchor academic building

    UCF files plans with city for downtown campus' anchor academic building

    The University of Central Florida filed plans on Friday with the City of Orlando for the anchor academic building of its downtown campus in Creative Village, boasting progressive design features along with adjacent land for future expansion.  Dubbed the Dr. Phillips Academic Commons, the five-story,...

  • New craft brew pub planned in Downtown Eustis in time for Octoberfest

    New craft brew pub planned in Downtown Eustis in time for Octoberfest

    A new craft beer pub, dubbed Wolf Branch Brewing, will lease 1,700 square feet of space in the historic Iron Block Building on Bay Street in the heart of Downtown Eustis, and city development officials are excited. “We think a brew pub will bring positive activity and energy to downtown,” said...

  • Tampa developer has Lake Buena Vista land under contract, envisions 2 retail pads

    Tampa developer has Lake Buena Vista land under contract, envisions 2 retail pads

    Tampa-based developer Ocean Bleu Group has roughly an acre under contract in Lake Buena Vista just north of the Walt Disney World entrance, with redevelopment plans for retail, the company's CEO told GrowthSpotter.  The 0.77-acre site lies at 8699 Palm Parkway, on the northeast corner with S. Apopka...

  • Margaritaville developer talks new signage & tech details for Kissimmee resort

    Margaritaville developer talks new signage & tech details for Kissimmee resort

    Margaritaville Resort will create a trio of landmark entrances on U.S. 192 through its sign package that will be photo-ops for years to come, developer Jim Bagley told GrowthSpotter on Thursday. "We expect to bring a Vegas-style entertainment sign package that’s very compelling and very tasteful,...

  • Orange County seeks GCs, engineers & architects for five new RFPs

    Orange County seeks GCs, engineers & architects for five new RFPs

    Orange County is calling on general contractors, civil engineers and architecture firms to help it complete five prominent projects worth more than $22 million in estimated billings, according to multiple Requests for Proposals (RFPs) published within the past week. The county is seeking a consultant...

  • Newly-acquired land fronting I-4 near Longwood listed for sale at $1.8M

    Newly-acquired land fronting I-4 near Longwood listed for sale at $1.8M

    A 5-acre strip near Longwood fronting an Interstate 4 welcome station is going up for sale, after its former owner retook control from a church that couldn't follow through on construction plans.  Located just north of Exit 94 and bounded on the east by I-4 and the west by Markham Woods Road, the...

  • Blackfin and NADG partner on retail center land near Lake Nona High

    Blackfin and NADG partner on retail center land near Lake Nona High

    Palm Beach Gardens-based Blackfin Partners has brought on a partner in North American Development Group to help finance and develop its planned neighborhood retail center south of Lake Nona High School.  The duo paid $4.55 million on March 31 through an affiliate LLC for the 14.6-acre property,...

  • EspoGroup to add retail and office near Tupperware SunRail station

    EspoGroup to add retail and office near Tupperware SunRail station

    Orlando-based EspoGroup wants to start construction on a three-story mixed-use building just south of the future Tupperware SunRail station as as soon as permits are issued, company executives told GrowthSpotter. President Jose Notaro and General Manager Alessandro Esposito met Wednesday with Osceola...

  • Lennar may expand Storey Lake with former Westgate parcel

    Lennar may expand Storey Lake with former Westgate parcel

    Lennar Homes may be looking to expand its vast Storey Lake community in Kissimmee with land previously slated for a WestGate Resorts timeshare community. The 73-acre site is immediately south of Storey Lake, and behind the Super Target on W192 in Kissimmee. Lennar has a purchase contract for the...

  • Blackstone Group buys Brookdale-managed senior living facility in Ocoee

    Blackstone Group buys Brookdale-managed senior living facility in Ocoee

    An affiliate of the Blackstone Group paid nearly $9.43 million on March 29 for a 105-bed senior living facility in Ocoee, part of a 64-property portfolio that's triple-net leased to Brookdale Senior Living, the largest operator of its kind in the nation.  The seller was an affiliate of California-based...

  • Investor buys undeveloped land northeast of Mall at Millenia, mulls options

    Investor buys undeveloped land northeast of Mall at Millenia, mulls options

    A Boca Raton-based investor paid $5.2 million on Monday to take ownership of a valuable vacant parcel near the Mall at Millenia, after winning a legal dispute last year with a local development partner. The new owner told GrowthSpotter on Tuesday he'll now seek real estate consultants to advise...

  • Developer files mixed-use plans to redevelop Apopka's Errol golf course

    Developer files mixed-use plans to redevelop Apopka's Errol golf course

    Celebration-based developer Signature H Property Group submitted a master plan on Friday to redevelop parts of the 400-acre Apopka Golf and Tennis Club at Errol Estates, and believes it has a new mixed-use model to save ailing golf courses, a lead executive with the company told GrowthSpotter. ...

  • Osceola negotiating with sports park developer for new softball complex

    Osceola negotiating with sports park developer for new softball complex

    Osceola County is negotiating a development agreement with a New York-based firm to build and operate a $70 million softball complex on Kissimmee's tourism corridor. One site under consideration is a 217-acre parcel at the southwest quadrant of U.S. 192 and the S.R. 429 Beltway. It's just west...

  • NY-based investor pays $64M for apts near Baldwin Park, plans $1M in reno

    NY-based investor pays $64M for apts near Baldwin Park, plans $1M in reno

    Affiliates of New York-based White Eagle Property Group paid more than $64.13 million in late March for the 480-unit Auvers Village apartments near Orlando's Baldwin Park, its 12th asset in Central Florida and second local acquisition within the past five months.  The company should invest another...

  • Walmart Neighborhood Market & fuel station expected for site near Apopka

    Walmart Neighborhood Market & fuel station expected for site near Apopka

    Retail giant Walmart may be planning a stand-alone grocery store and fuel station on the Seminole/Orange County border near Apopka, according to a recent filing with the St. Johns River Water Management District. An application submitted March 24 by property owner Taurus Investment Holdings asks...

  • Mortgage company founder buys former ITT school bldg in bankruptcy bid

    Mortgage company founder buys former ITT school bldg in bankruptcy bid

    Robert W. Palmer, founder and president of RP Funding mortgage and title companies, has purchased the former ITT Education Services building in Lake Mary and plans to make it a headquarters for his new technology marketing products. The building, located between I-4 and International Parkway in...

  • Tavistock proposes water attractions at planned SouthLake Park in Lake Nona

    Tavistock proposes water attractions at planned SouthLake Park in Lake Nona

    Tavistock Development Company is partnering with Canadian and German companies on plans to place three water-based attractions in the northeast corner of East Lake, in part of a new public park that would serve Lake Nona's growing Laureate Park community. A Specific Parcel Master Plan (SPMP) filed...

  • Tavistock land south of OIA targeted for 855K SF distribution center

    Tavistock land south of OIA targeted for 855K SF distribution center

    Atlanta-based developer Seefried Industrial Properties or a client it's representing is pursuing at least 130 acres south of Orlando International Airport, where newly-filed plans propose a 855,000-square-foot distribution facility, which would be Greater Orlando's largest new industrial project...

  • Small-bay industrial sells in Sanford near new warehouse developments

    Small-bay industrial sells in Sanford near new warehouse developments

    A Boston-based private equity firm paid $10.4 million in mid-March for two industrial buildings in one of Central Florida's fast growing submarkets for new warehouses. A fund created by Cabot Properties Inc. bought the two buildings that comprise Sanford's North Park Commerce Center on Enterprise...

  • Developers continue to seek multifamily sites near Valencia College East Campus

    Developers continue to seek multifamily sites near Valencia College East Campus

    Another property owner near the Valencia College East Campus is seeking to revise the Expressway Center Planned Unit Development to build apartments. Private Equity Solutions (PES), which bought nearly 20 acres of mostly wetland property in the PUD, applied to Orange County within the past week...

  • IT author and wife purchase $1.1M home in Alaqua Lakes

    IT author and wife purchase $1.1M home in Alaqua Lakes

    Eric D. Grebler, a prolific author of teaching books covering a wide spectrum of computer and software applications, recently paid $1.1 million for a home in Longwood’s Alaqua Lakes Estates. Grebler and his wife Kara made the purchase on March 17, according to a Seminole County deed recorded five...

  • Controversial apartment development in Dr. Phillips moves forward

    Controversial apartment development in Dr. Phillips moves forward

    Atlanta-based Wood Partners is moving forward with the second phase of its Dr. Phillips-area The Rialto apartments on Spring Lake. The developer filed a Development Plan (DP) with Orange County last week for the five-story complex, with only minor changes from the proposal that generated enough...

  • McCraney planning expansion at Park 27 Distribution Center in Four Corners

    McCraney planning expansion at Park 27 Distribution Center in Four Corners

    Just months after completing construction on 600,000 square feet of Class A spec industrial space at Park 27, McCraney Property Co. (MPC) has filed preliminary plans to build its fifth warehouse building in the Davenport industrial park.    MPC submitted a development plan with Southwest Florida...

  • Sovereign-Keewin partners keeping busy, in the market for more Central Fla. land

    Sovereign-Keewin partners keeping busy, in the market for more Central Fla. land

    Two long-time Winter Park developers are working together on a number of residential projects and they're in the market for more land. Sovereign Land Co. President Kyle Sanders and his partner, Steve Rosser, president of Keewin Real Property Co., said they have access to new capital and are aggressively...

  • 2 multi-family properties near Disney sell for $102.3 million

    2 multi-family properties near Disney sell for $102.3 million

    Two large multi-family complexes on Little Lake Bryan near Walt Disney World Resort were sold by J.P Morgan Investment Management to affiliates of Ares Capital Corp., according to deeds dated March 24 and recorded in Orange County March 29. Chatham Square Multi-Family LLC sold its property at 8161...

  • Sanford's brewing reputation attracts investors to historic train depot property

    Sanford's brewing reputation attracts investors to historic train depot property

    A group of Orlando investors plan to open a brewery and artisan market in a train depot in downtown Sanford. Wekiva Basin Brewing LLC has submitted plans to the city of Sanford to construct a 3,500-square-foot brewery and tap room at 212 W. 1st St. Plans also call for a 2,300-square-foot market...

  • Golden Oak custom home sells for whopping $6.84 million

    Golden Oak custom home sells for whopping $6.84 million

    Orlando-based Jones Clayton Construction Inc. sold a recently completed custom home in Disney's Golden Oak development, and the sales price was more than double the average home price for the last 12 months in the exclusive resort community. The two-story, 7,655-square-foot home sold for $6.84...

  • Tavistock targets site near Dr. Phillips Center for downtown art museum

    Tavistock targets site near Dr. Phillips Center for downtown art museum

    More than a year after Orlando Museum of Art (OMA) announced plans to relocate to a downtown site, museum leaders may be zeroing in on a 1-acre gravel parking lot next to the Dr. Phillips Center for the Performing Arts. OMA's vision, which director Glen Gentele unveiled in September 2015, was to...

  • John Krzyminski, Cite Partners

    John Krzyminski, Cite Partners

    John Krzyminski is not a Disney annual passholder. “And my parents are probably upset about that,” he laughs. Krzyminski, newly hired director of the Central Florida retail team at Cite Partners, comes from dedicated Disneyphile stock; his family has been vacationing here for the past 30 years....

  • Rich Uncles REIT pays $6.75M for Maitland office building

    Rich Uncles REIT pays $6.75M for Maitland office building

    California-based Rich Uncles real estate investment trust (REIT) has acquired its third Central Florida asset, paying $6.75 million Monday for a two-story, Class A office building in Maitland Center Commons. RU Chief Investment Officer David Perduk told GrowthSpotter he learned about the property...

  • Summer construction planned for new assisted living facility in St. Cloud

    Summer construction planned for new assisted living facility in St. Cloud

    Brazil-based Copacabana Properties is ready to move forward on a three-story, 80,000-square-foot assisted living facility in St. Cloud. The developer purchased the 3.15-acre site on 17th Street in August 2015 for $1 million and retained FEG President Sam Sebaali to assist with permitting and engineering....

  • Clermont investor buys east Orlando warehouse complex for $2.7M

    Clermont investor buys east Orlando warehouse complex for $2.7M

    Orlando real estate investor El Hassan Erroudani's recent acquisition of a pair of 35-year-old warehouse and flex office buildings in East Orlando offers more evidence of the region's appetite for industrial space. Erroudani's Hassmal LLC paid $2.68 million for the Crossroads Office Complex. That's...

  • I-Drive hotel owner has prime commercial outparcel, looking for CRE broker

    I-Drive hotel owner has prime commercial outparcel, looking for CRE broker

    Tampa-area hotelier Ben Mallah is still in the market for a local CRE broker to help him "find the right fit" for an outparcel he's creating in front of the  Four Points by Sheraton Orlando on North International Drive. "Calling all brokers," Mallah told GrowthSpotter on Monday. "I don't care if...

  • Lead exec of local food distributor pays $1.4M for Keene's Pointe home

    Lead exec of local food distributor pays $1.4M for Keene's Pointe home

    The president of a local deli meat and cheese provisions distributor paid $1.4 million on March 17 for a Keene's Pointe home bordering the community's golf course.  Located in the 6000 block of Greatwater Drive, the 0.4-acre lot features a 17-year-old, two-story home with five bedrooms, five baths...

  • Ex-CEO of Hughes Supply has buyer with office plans for acre in SoDo Orlando

    Ex-CEO of Hughes Supply has buyer with office plans for acre in SoDo Orlando

    A local real estate broker and development consultant has a buyer lined up for an acre within south downtown Orlando's Orlando Health campus, with plans for a new medical office building.  Located at 1116 Lucerne Terrace, the 1.03-acre vacant site lies a block and a half southwest of W. Gore Street...

  • Kissimmee study will focus on downtown performing arts venue at civic center

    Kissimmee study will focus on downtown performing arts venue at civic center

    Kissimmee and Osceola County leaders are in discussions to do a complete overhaul of the Kissimmee Civic Center and transform it into a performing and cultural arts venue. The city posted a Request for Proposals (RFP) on March 7 for a feasibility study to determine the best use for the 42,000-square-foot...

  • McCraney Property plans new industrial bldg in Lake Mary’s SunTech Park

    McCraney Property plans new industrial bldg in Lake Mary’s SunTech Park

    McCraney Property Co. is looking to expand its substantial Orlando-area industrial portfolio with a new 45,509-square-foot building in Lake Mary’s SunTech Commerce Park. Company president and CEO Steven McCraney said he plans to use all local contractors and labor once the project gets through...

  • Osceola negotiating with Salamander Hotels for expansion of Reunion Grande

    Osceola negotiating with Salamander Hotels for expansion of Reunion Grande

    Oscoela County officials are in preliminary discussions with Reunion Resort management for a conference hotel expansion and luxury spa valued at more than $100 million at the Four Corners golf resort. "For Salamander, we focus on luxury, and that means minimum four-star," said Prem Devadas, president...

83°