Brazilian Business Developments

  • Brazilian investors pay $31.2M+ for Maitland Sheraton, bifurcate land & bldg

    Brazilian investors pay $31.2M+ for Maitland Sheraton, bifurcate land & bldg

    A Brazilian hotel-focused private equity group paid an estimated $31.2 million on Friday for the 389-key Sheraton Orlando North Hotel in Maitland, based within the 45-building Maitland Center office park, and recovered almost half of that value by bifurcating the land and building.  Located at...

  • Hotel developer has 3.5 acres off I-Drive under contract, new BW GLo flag planned

    Hotel developer has 3.5 acres off I-Drive under contract, new BW GLo flag planned

    A Brazilian real estate development group with one asset near International Drive has 3.5 acres under contract for its second, and plans to introduce Best Western's new boutique midscale flag GLō to the market.  Located north of the Publix-anchored Regency Village shopping center directly east...

  • Brazilian group prepping Four Corners site for large multifamily project

    Brazilian group prepping Four Corners site for large multifamily project

    A Brazilian investment group led by engineer Odilon Monterio has applied to rezone a 20-acre parcel on the Westside Boulevard corridor for a new multifamily development. Monteiro is a veteran civil engineer in Sao Paulo and a lead executive with real estate-focused engineering firms Pozam Engenharia...

  • 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....

  • 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...

  • 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...

  • Artisan ice cream truck owner seeks retail space for expansion

    Artisan ice cream truck owner seeks retail space for expansion

    A veteran Brazilian chef who has established artisan ice cream truck Froby's over the past month while parked at International Premium Outlets is seeking local retail space, with an aim to establish two storefronts in Orlando over the next year.  Using only fresh fruit, imported chocolate and organic...

  • Shopping plaza at Kissimmee downtown gateway sells for $8M

    Shopping plaza at Kissimmee downtown gateway sells for $8M

    A Brazilian-led investment group has acquired a Kissimmee shopping center and 7-Eleven gas station at one of the most prominent corner intersections in the city. Vine Street Plaza Investors LLC paid $8 million on Dec. 1 for the 4.3 acres at the northwest quadrant of Main and Vine streets, facing...

  • Magic Development looking to add more retail to Magic Place Phase 1

    Magic Development looking to add more retail to Magic Place Phase 1

    Just weeks from breaking ground on the $1.7 billion Magic Place community, Magic Development is tweaking its Phase 1 site plan to add more retail space. Project Manager Hector Lizasuain told GrowthSpotter the company will delay construction of its 20,000-square-foot corporate headquarters and sales...

  • Brazilian developer plans first industrial project in Orlando, eyes more land

    Brazilian developer plans first industrial project in Orlando, eyes more land

    A developer and builder from northeast Brazil plans to break ground in January on his first North American project in an Orlando industrial park, and is eyeing more local property to acquire in 2017, a principal with the company told GrowthSpotter.  The local business is an affiliate of Estrutura...

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  • Litigation stalls vacation home resort on former 53-acre Disney property

    Litigation stalls vacation home resort on former 53-acre Disney property

    Litigation between a Brazilian land owner and a Winter Park luxury homebuilder has stalled development of a vacation home resort on 53 acres of former Disney property. A pair of Brazilian investors, Ronaldo Toccafondo and Emerson Simão, partnered with All Star Vacation Homes CEO Steve Trover and...

  • Soccer legend Zico & Brazilian investors plan academy, private school in Ocoee

    Soccer legend Zico & Brazilian investors plan academy, private school in Ocoee

    The son of an Orlando Pride coach and private investors are partnering with Brazilian soccer legend Zico to establish Zico Soccer Academy next month in Ocoee, after reaching a tentative deal this week to lease city-owned office space for the business.  The academy could be followed by a full-fledged...

  • Davila affiliate buys Westwood Blvd land, lines up Brazilian broker & architect

    Davila affiliate buys Westwood Blvd land, lines up Brazilian broker & architect

    An affiliate of Brazilian builder Davila Custom Homes and South American partners paid $1.145 million last week for 8.88 lakefront acres in the tourism corridor, with plans ahead for up to 80 high-end condominium apartments, a Brazilian architect soon to be chosen and a Miami-based brokerage pegged...

  • Four Corners developer looking for investors in shovel-ready project

    Four Corners developer looking for investors in shovel-ready project

    A Polk County developer is looking to sell her shares in a shovel-ready vacation home project as she preps the adjacent property for office and retail development. Longtime Davenport realtor Lucia Camara has an approved site plan for Villa Domani, a 62-unit boutique vacation home community at the...

  • Brazilian developer pursues apt-condos plan on Lake Willis

    Brazilian developer pursues apt-condos plan on Lake Willis

    A Brazilian custom-homebuilder and South American partners have 8.88 acres under contract on Lake Willis in Orlando's tourism corridor, where they hope to build 80 high-end condominium apartments. The property lies southwest of SeaWorld at 11302 and 11314 Westwood Blvd., a burgeoning multi-family...

  • Brazilian investor pursuing land next to Reunion

    Brazilian investor pursuing land next to Reunion

    A Brazilian real estate investor will pursue a Commercial Tourist rezoning for 6.9 acres on Osceola Polk Line Road in Four Corners, his broker told GrowthSpotter Friday. Sean Fullerton said his client, Haroldo de Barros, has a contract to buy the property, which is just outside of the Reunion Resort....

  • Brazilian construction mogul buys Celebration estate for $2.1M

    Brazilian construction mogul buys Celebration estate for $2.1M

    Estate homes in Kissimmee's Celebration community routinely top $1 million. But even on the toniest streets, $2 million home sales are rare. Star Magnolia, a 6,159-square-foot red brick mansion on the 700 block of Eastlawn Drive, became the first for 2016, selling May 26 for $2.1 million.  "Typically...

  • Brazilian developer Lancelot cuts teeth on Osceola townhomes, seeks more land

    Brazilian developer Lancelot cuts teeth on Osceola townhomes, seeks more land

    Rio de Janeiro-based residential developer Lancelot Incorporações has found its footing in U.S. development over the past year, with its first phase of vacation homes under construction in Kissimmee. The group now wants to branch out into multi-family, and is seeking urban infill land across Greater...

  • Brazilian developer & builder enters U.S. via Kissimmee, buying land w/plans

    Brazilian developer & builder enters U.S. via Kissimmee, buying land w/plans

    Brazilian developer and builder Platinum Construções entered the U.S. market this week via Kissimmee, spending $1.25 million for 7.7 acres, paired with plans for a fully-entitled 88-unit townhome condo project. The intercontinental leap is a survival instinct for the company, president Ricardo...

  • Clermont sells city property with a view to Brazilian investors

    Clermont sells city property with a view to Brazilian investors

    The City of Clermont has sold a hilltop parcel it once planned as home for its new police station to Brazilian investors for $1.308 million, according to Lake County sale records and Jim Hitt, the city’s economic development director. Hitt said the purchaser, Fonstock Real Estate Investments LLC,...

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  • Brazilian soccer legend buys Windermere home for $1.4M

    Brazilian soccer legend buys Windermere home for $1.4M

    Brazilian soccer legend Rivaldo paid $1.429 million last Friday for a new home in the gated Toll Brothers-built community Casabella at Windermere.  Rivaldo Vitor Borba Ferreira and wife Eliza Kaminski Ferreira purchased the home together, which Toll Brothers finished construction on in early March,...

  • Brazilian shareholders battle over pre-trial buyout for Crowne Plaza Universal

    Brazilian shareholders battle over pre-trial buyout for Crowne Plaza Universal

    Two shareholders battling over ownership of the Crowne Plaza Orlando Universal Hotel each want to buy out the other's stake, but are miles apart on settlement talks. The property could be worth $34 million or more, based on a new appraisal conducted by CBRE Orlando in March on behalf of the hotel's...

  • New co-working space startup seeks CRE broker, investors for FL expansion plans

    New co-working space startup seeks CRE broker, investors for FL expansion plans

    A trio of Brazilian businessmen opening their first co-working space in Downtown Orlando are already thinking expansion, seeking an office real estate broker who can research Tampa, Miami and Fort Lauderdale, and investors to back the new locations.  Located at 14 E. Washington St., Sbrubbles will...

  • Brazilian meat processor picks Tavares to enter U.S. market, will renovate ice plant

    Brazilian meat processor picks Tavares to enter U.S. market, will renovate ice plant

    A Brazilian meat company is on the verge of expanding internationally by way of Tavares, with plans to re-purpose a former ice plant near the city for meat processing, for sale domestically and to new export markets, a principal with the company told GrowthSpotter.  Last September, The Gold Meat...

  • First look at latest Pininfarina designs for Magic Place

    First look at latest Pininfarina designs for Magic Place

    Magic Development and Pininfarina released a new set of renderings on Friday for the $1.7 billion Magic Place community scheduled to start construction in July. GrowthSpotter was the first to publish the initial rendering of the Magic Place towers on March 18. Magic Development CEO Rodrigo Cunha...

  • Vacation home pioneer Contempo Group & builder Feltrim Group break ground on newest 'Virgin Village'

    Vacation home pioneer Contempo Group & builder Feltrim Group break ground on newest 'Virgin Village'

    Feltrim Group has just started construction on Balmoral at Waterfront, a new 245-unit vacation home resort in Haines City that could be home to the area's second "Virgin Village." Located on U.S. 27 just south of Highway 17, the 115-acre gated community will feature a mix of townhomes, single family...

  • Local developer to open Ronaldo Soccer Academy franchise in Haines City

    Local developer to open Ronaldo Soccer Academy franchise in Haines City

    Vacation home developer Garrett Kenny plans to bring a Ronaldo Soccer Academy to Haines City. Kenny, CEO of Feltrim Group, told GrowthSpotter on Friday he bought one of five R9 Academy franchises slated for the Florida market. It would be the second franchise in Central Florida. "We're going to...

  • Magic Development unveils Magic Place by Pininfarina design

    Magic Development unveils Magic Place by Pininfarina design

    What do you get when you ask the Italian design firm behind such luxury brands as Ferrari and Masarati to put its name on the Orlando market's first luxury branded community? "A wow factor," Magic Development CEO Rodrigo Cunha said.  On Friday, Cunha released to GrowthSpotter the first image of...

  • New condo hotel planned on W192 in Kissimmee near Four Corners

    New condo hotel planned on W192 in Kissimmee near Four Corners

    A new 280-unit condo hotel project could be coming to Orlando's smoking-hot Four Corners market. Malak Corporation, an Orlando-based general contractor, had CEO Luis Ortiz and engineer Jim Zinner meet Wednesday with Osceola County planners to discuss preliminary plans for Kissimmee Palms, a complex...

  • Developers respond to booming Four Corners demand with wave of new projects

    Developers respond to booming Four Corners demand with wave of new projects

    Anchored by two massive resorts -- Reunion and ChampionsGate -- central Florida's Four Corners area is booming with new construction, housing, and thousands of vacation homes. The convergence of Lake, Orange, Osceola and Polk counties is tucked between two of central Florida's largest economic...

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