Kissimmee Developments

  • Margaritaville applies for 'iconic' 50-foot tall entertainment signs on W192

    Margaritaville applies for 'iconic' 50-foot tall entertainment signs on W192

    Encore Capital Management is seeking approval for a pair of 50-foot-tall entertainment signs at two key entrances to Margaritaville Resort and the adjacent shopping center. "Iconic" and "eye-catching" was how Margaritaville Development Manager Jim Bagley described them on Thursday. He said Encore...

  • Lennar to add new section to Storey Lake on Westgate parcel

    Lennar to add new section to Storey Lake on Westgate parcel

    Lennar won approval Wednesday from Osceola County for a 95-acre expansion of its booming Storey Lake Resort in Kissimmee. Storey Lake, located at the intersection of Osceola Parkway and Vineland Road (S.R. 535), is approved for approximately 2,000 homes. The community offers condos, townhomes,...

  • Magic Development buys another 364 acres on W192 to expand luxury resort plans

    Magic Development buys another 364 acres on W192 to expand luxury resort plans

    Magic Development has just closed a deal that elevates the Orlando-based firm to the forefront of companies that are reshaping Kissimmee's W192 tourism corridor. Company executives have been hinting for months that they were working on something big. On Friday, they made good on that promise, paying...

  • Investors Realty plans $50M Class A apartment complex on NeoCity lakefront

    Investors Realty plans $50M Class A apartment complex on NeoCity lakefront

    The same development team that recently completed The Gate apartments at ChampionsGate could be the first to capitalize on Osceola County's massive NeoCity mixed-use district. Investors Realty Chairman John Marling is seeking Tourist Commercial zoning for a 16-acre parcel on Vine Street/E-192 that...

  • Veigle Properties pursues rezoning of land near Poinciana SunRail station

    Veigle Properties pursues rezoning of land near Poinciana SunRail station

    Winter Park real estate investors Jim and Charles Veigle are seeking to rezone a 120-acre parcel across from Poinciana High School for up to 720 residential units. The brothers have owned the land since 1994 and previously used it as a borrow pit, which left the site with 50 acres of lakes, Jim...

  • Lennar's Storey Lake Resort targeted for dining & retail project

    Lennar's Storey Lake Resort targeted for dining & retail project

    Trycon Associates has an LOI on the 9-acre commercial tract at the entrance to Lennar Homes' fast-growing Storey Lake resort community, and wants to add a pair of restaurants and 22,800 square feet of commercial space. But first, the Deland-based developer needs to clear up a few issues with signage...

  • Land next to proposed motorsports park on W192 to be sold at auction

    Land next to proposed motorsports park on W192 to be sold at auction

    A vacant 40-acre parcel that's adjacent to the proposed $100 million Orlando Motorsports Park (OMP) will be sold at auction on Sept. 7. The Four Corners site is southwest of the W192 - S.R. 429 interchange, and only minutes from Disney's Animal Kingdom and Margaritaville Resort.  So why hasn't...

  • W192 board considering tax abatements to lure 4-star hotels to tourism corridor

    W192 board considering tax abatements to lure 4-star hotels to tourism corridor

    Osceola County's W192 Development Authority is considering a tax abatement program as an incentive to lure high-end hotels to Kissimmee's tourism corridor. Executive Director David Buchheit floated the idea at the authority's board meeting Thursday, and told GrowthSpotter he got the idea earlier...

  • Owner wants to reboot condo project next to Bahama Bay with townhomes

    Owner wants to reboot condo project next to Bahama Bay with townhomes

    The owner of a partially built condo community next to Davenport's Bahama Bay Resort wants to reboot the community by switching from condos to townhomes. ICM Development Group founder Carlos Balzola acquired the 24-acre parcel in the Westside Planned Development (PD) in 2012, and brought in additional...

  • Two Kissimmee apartment complexes sell for combined $90M

    Two Kissimmee apartment complexes sell for combined $90M

    A pair of Kissimmee apartment communities both located just off John Young Parkway changed hands last week to different buyer groups for nearly $90 million. Virginia-based Chandler Management Corp. paid $49.5 million on Aug. 8 for the Lake Tivoli Apartments. The 384-unit complex was developed in...

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  • Construction to start this month on $1.7B Magic Place on Kissimmee's W192 corridor

    Construction to start this month on $1.7B Magic Place on Kissimmee's W192 corridor

    Magic Development received its construction permit Tuesday for the first phase of its $1.7 billion Magic Place by Pininfarina resort, and will start clearing the site within three weeks, executives told GrowthSpotter. Magic CEO Rodrigo Cunha said the mass grading and roadway construction should...

  • Owner of Kissimmee shopping center near SunRail plans 43k SF expansion

    Owner of Kissimmee shopping center near SunRail plans 43k SF expansion

    The owner of a distressed shopping center next to the new Tupperware SunRail station in Kissimmee has filed plans for a two-phased retail expansion that would add 43,000 square feet of leasable space. Louisiana-based PMAT purchased the Gateway Station shopping center just off the Osceola Parkway...

  • Tampa developer planning new office park in Kissimmee's Loop submarket

    Tampa developer planning new office park in Kissimmee's Loop submarket

    Tampa-based Waterford Construction & Development has begun permitting for one of its signature office parks on an 8.7-acre parcel in Kissimmee's Loop submarket. "We’ve done about 50 of these in Hillsborough, Pasco, Orange, Osceola and Seminole counties," Waterford President John Westfall said....

  • IBI Group seeking new permits for 3,000-home BK Ranch project

    IBI Group seeking new permits for 3,000-home BK Ranch project

    Entitlement specialist IBI Group is rebooting the 948-acre BK Ranch mixed-use project south of Kissimmee with a new round of permit applications. The firm had been seeking a Comprehensive Plan Amendment in 2015 for a Mixed-Use district. At the time the property had a developer on board, GreenPointe...

  • Hunter's Creek church adding Kissimmee campus, pays $3.2M for land

    Hunter's Creek church adding Kissimmee campus, pays $3.2M for land

    A growing church in Hunter's Creek paid $3.2 million this week to buy 11.6 acres for its second campus in Kissimmee.  Wade Mumm, lead pastor of Greeneway Church, told GrowthSpotter the church acted fast to secure the prime site at the corner of John Young Parkway and Centerview Drive even before...

  • City of Kissimmee pays $9.2M for park land & downtown office site

    City of Kissimmee pays $9.2M for park land & downtown office site

    Kissimmee City Commissioners this week approved two major property acquisitions totaling more than $9 million, including nearly 20 acres downtown in the city's Medical Arts District. Craig Holland, the city's development services director, said Kissimmee has been pursuing Osceola County's Beaumont...

  • Kissimmee's Int'l Promenade strip center sold to California investor for $5.6M

    Kissimmee's Int'l Promenade strip center sold to California investor for $5.6M

    A Southern California businessman paid $5.6 million last week for the International Promenade shopping center in Kissimmee's tourism corridor. Habib Jaboro told GrowthSpotter on Tuesday this is his family's first investment in Florida. Jaboro, who has been in the grocery and liquor store business,...

  • Atlanta firm prepping industrial park near Kissimmee Gateway Airport

    Atlanta firm prepping industrial park near Kissimmee Gateway Airport

    Atlanta-based Stein Investment Group is seeking a mass grading permit for a new industrial park near the Kissimmee Gateway Airport. The plan calls for a pair of 9-acre industrial lots straddling both sides of the future Hoagland Boulevard extension. Hoagland runs along the western boundary of the...

  • Turkish developer planning 150-acre resort in Kissimmee with horizontal hotel

    Turkish developer planning 150-acre resort in Kissimmee with horizontal hotel

    International real estate investment firm GAOK Invest wants to convert a Kissimmee petting farm near the new Poinciana SunRail station into a luxury resort. The company has hired planning firm Rj Whidden & Associates and applied with Osceola County to rezone 150 acres on Poinciana Boulevard to...

  • Racing instructor has contract on land next to Margaritaville for motorsports park

    Racing instructor has contract on land next to Margaritaville for motorsports park

    A South Florida racing enthusiast has a purchase contract on one of the largest undeveloped parcels on Kissimmee's W192 tourism corridor, and plans to build a $100 million tourist attraction. Orlando Motorsports Park founder Andy Bardar first shared his vision with GrowthSpotter last September for...

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  • NeoCity master plan reserves key waterfront sites for landmark tenants

    NeoCity master plan reserves key waterfront sites for landmark tenants

    Perkins+Will principal Stephen Coulston believes the master plan and phasing schedule for Osceola County's NeoCity was designed to build value over time, so it's important for the county to reserve key parcels for landmark buildings and tenants. Coulston presented the master plan to County Commissioners...

  • Park Square Homes changing course on Veranda Palms resort development

    Park Square Homes changing course on Veranda Palms resort development

    Following through with a strategic phaseout of its vacation home business, Park Square Homes is looking to split off the undeveloped phases in its Veranda Palms resort in Osceola County, and launch them as a primary residential neighborhood. Park Square won approval in 2013 for the Short Term Rental...

  • Morningstar plans 100,000 SF self-storage facility near Tupperware campus

    Morningstar plans 100,000 SF self-storage facility near Tupperware campus

    Morningstar Properties paid $1.5 million this week for a new self-storage site in Osceola County's The Loop submarket. Morningstar is a vertically integrated developer and manager of self-storage facilities, operating under its own brand: Morningstar Storage. Currently the company manages a network...

  • Orlando-area medical offices sold as part of $2.75B Duke Realty - HTA deal

    Orlando-area medical offices sold as part of $2.75B Duke Realty - HTA deal

    A trio of medical office buildings across Orange and Osceola counties sold in recent days for a combined $94 million as part of Healthcare Trust of America's acquisition of the entire Duke Realty MOB portfolio. The Arizona-based, publicly-traded REIT announced the $2.75 billion deal in early May....

  • Minn.-based developer planning more retail & restaurants in Calypso Cay

    Minn.-based developer planning more retail & restaurants in Calypso Cay

    Minnesota-based Ryan Companies is under contract to buy a 7.4-acre vacant lot in the Calypso Cay resort area and plans a mix of retail and restaurants there. Two executives with Ryan's Southeast regional office in Tampa met Wednesday with Osceola County's planning staff to discuss potential site...

  • Calypso Cay developer to add $10M self-storage facility in tourism corridor

    Calypso Cay developer to add $10M self-storage facility in tourism corridor

    Calypso Cay developer Steve Bradley has reacquired a vacant 2.2-acre parcel fronting on Vineland Road and plans to develop a $10 million self-storage facility there. Bradley is partnering with South Florida developer Stephen Hurowitz on the venture. The duo formed a limited liability company in...

  • Local developer group seeks rezone for luxury senior condos in Kissimmee

    Local developer group seeks rezone for luxury senior condos in Kissimmee

    Orlando developer Tom Ginther is seeking a land use change and rezoning for 40 acres near Shingle Creek Regional Park for a luxury retirement development. "We're excited about it," Ginther told GrowthSpotter on Friday. "We think it's one of the most beautiful pieces of property in the city of Kissimmee."...

  • Kissimmee land owner & broker courting hotel next to Osceola Heritage Park

    Kissimmee land owner & broker courting hotel next to Osceola Heritage Park

    A local real estate broker has been meeting with county officials to improve access issues for a 10-acre parcel on E192 in hopes of luring a hotel to the property. Watson Commercial Realty broker Rob Keeler represents the owners, Harry and Jeanette Hinkle, who purchased the vacant land through...

  • Lennar prepping for more condos in next phase of Storey Lake Resort

    Lennar prepping for more condos in next phase of Storey Lake Resort

    Lennar Homes has begun prepping its fourth phase at Kissimmee's Storey Lake resort community, which is now one of Osceola County's fastest-growing developments. Osceola County planning staff have already recommended approval for a Phase 4 Preliminary Subdivision Plan that calls for 297 condos to...

  • Four Corners resorts drive Osceola's $882M+ in new construction last year

    Four Corners resorts drive Osceola's $882M+ in new construction last year

    New home construction along the Narcoossee corridor and in West Osceola helped fuel a projected 7.2 percent growth in property values countywide in 2016. "Sales are going up. Prices are going up. We have every indication that things are going to continue to increase in value," Osceola Property...

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  • Elevation Development sells hotel pad near W192 & Disney for $1.8M

    Elevation Development sells hotel pad near W192 & Disney for $1.8M

    Rosemont Hotels Inc. paid $1.78 million on May 25 for a 2-acre hotel pad minutes from Walt Disney World property. The parcel on Sherberth Road in Kissimmee's W192 tourism corridor was part of an 8-acre commercial project by Elevation Development dubbed Parkview Retail Center.  GrowthSpotter reported...

  • New owner plans major renovation and rebranding of Motel 6 near Disney

    New owner plans major renovation and rebranding of Motel 6 near Disney

    The Motel 6 Kissimmee Maingate West will undergo a major renovation and be rebranded as a Rodeway Inn, a Choice Hotels economy brand, the buyer told GrowthSpotter on Friday. Delaware Hotel Group (DHG) bought the 147-room corporate-owned motel on Kissimmee's W192 tourism corridor on April 26 for...

  • Aldi to build second grocery store on Kissimmee's W192

    Aldi to build second grocery store on Kissimmee's W192

    Fast-growing German-owned grocer Aldi Food Market is planning a fifth Osceola County store and second on Kissimmee's W192 corridor. SunDev Properties principal Mohamed Diab told GrowthSpotter the grocer will break ground before the end of the year on a 19,000-square-foot store in the Cane Island...

  • Michigan investor adds W192 shopping center to Orlando-area portfolio

    Michigan investor adds W192 shopping center to Orlando-area portfolio

    A Michigan anesthesiologist and real estate investor is expanding his growing Orlando-area portfolio with the $4 million acquisition of a strip center on Kissimmee's W192 tourism corridor. Harbhajan Singh and his wife, Shanti, purchased the Celebration Plaza shopping center at 5455 W. Irlo Bronson...

  • Kissimmee hires CSL to fast-track performing arts center study

    Kissimmee hires CSL to fast-track performing arts center study

    The Kissimmee City Commission last week hired a leading Minneapolis-based consulting firm to conduct a rapid market study and feasibility report for a future performing arts center at the Kissimmee Civic Center. Convention, Sports & Leisure International (CSL) is the same firm that worked with...

  • Homeless advocate buys Liberty Inn Motel on W192, embarks on full renovation

    Homeless advocate buys Liberty Inn Motel on W192, embarks on full renovation

    After more than two years of leasing the Liberty Inn Motel, homeless advocate George Valldejuli paid $1.45 million on Monday to buy the 40-year-old property. Valldejuli had been operating his nonprofit Home for the Homeless Foundation out of the 65-room motel, using it as transitional housing for...

  • Four Corners Bus Tour highlights booming economy, challenges from rapid growth

    Four Corners Bus Tour highlights booming economy, challenges from rapid growth

    After taking a one-year hiatus, the Osceola Kissimmee Chamber's Four Corners Bus Tour led participants through a whirlwind of new developments on Wednesday in a rapidly growing submarket. "Today we're seeing things that we were only talking about two years ago on the last tour," Four Corners Area...

  • Osceola razes W192 eyesore building after years of code violations

    Osceola razes W192 eyesore building after years of code violations

    Osceola County demolished an abandoned, former walk-in medical clinic on the W192 tourism corridor last week after dealing with years of code violations, and is considering what should come next for the property. The owners of the former clinic at 4721 W. Irlo Bronson Memorial Highway had racked...

  • Vacant W192 restaurant to be converted into culinary school & test kitchen

    Vacant W192 restaurant to be converted into culinary school & test kitchen

    The owner of a restaurant equipment supply company in New York plans to open a culinary school and test kitchen in Kissimmee this year, company executives told GrowthSpotter on Wednesday. W192 Development Authority Executive Director David Buchheit said he met Tuesday with owner Manuel Lebron and...

  • Upshot Capital has big plans for 28-acre site on E192 tech corridor

    Upshot Capital has big plans for 28-acre site on E192 tech corridor

    An Orlando real estate investment group is expected to close on the purchase of a 28-acre vacant commercial site on Kissimmee's E192 tech corridor in late June, and plans more than $55 million in mixed-use construction. Upshot Capital Advisors CEO Raul Socarras told GrowthSpotter he envisions a...

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  • Kissimmee shopping center at busy intersection sells for $5M

    Kissimmee shopping center at busy intersection sells for $5M

    An Orlando trucking business owner paid $5.075 million on Friday for 46,000 square feet of retail space at one of Kissimmee's busiest intersections. Vlado Ivetic, vice president of Ivetic Trucking, is the new owner of Pleasant Hill Center at the southwest corner of Pleasant Hill Road and John Young...

  • AV Homes files plans for 700 homes next to new Poinciana SunRail station

    AV Homes files plans for 700 homes next to new Poinciana SunRail station

    AV Homes is reworking a concept plan the developer filed recently for its new 82-acre, transit-oriented community just north of the new Poinciana SunRail Station. The plan calls for a maximum of 300 single-family and 400 multifamily residential units on the property that was part of the Poinciana Office...

  • Delaware Hotel Group pays $2M for Motel 6 at Kissimmee Maingate

    Delaware Hotel Group pays $2M for Motel 6 at Kissimmee Maingate

    Delaware Hotel Group owner Mike Khatiwala has acquired his 20th hotel property and first in Florida with the purchase last week of the corporate-owned Motel 6 Kissimmee Maingate West for $2 million. The 147-room motel at 7455 W. Irlo Bronson Memorial Highway sits on 3.2 acres just west of Reedy...

  • Orlando Health to build ER & medical complex at Tupperware SunRail site

    Orlando Health to build ER & medical complex at Tupperware SunRail site

    Tupperware Brands and Orlando Health officials jointly announced plans for a new $32 million free-standing emergency room and medical pavilion on Osceola Parkway, across from the new Tupperware SunRail station that opens in 2018. "They want to be turning dirt by October," Tupperware Vice President...

  • Local tech CEO buys new class A medical office complex in Kissimmee

    Local tech CEO buys new class A medical office complex in Kissimmee

    The founder and CEO of a local tech company has paid $3.9 million through an affiliate for a 12,000-square-foot medical office complex near Osceola Regional Medical Center in Kissimmee. Kaled Khuda founded OSD Displays (One Stop Displays) in 2003 and is now a leading manufacturer of custom LCD...

  • 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...

  • 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...

  • 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...

  • 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...

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  • 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...

  • 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...

  • Kissimmee Civic Center

    Kissimmee Civic Center

    Since it opened in 1994, the Kissimmee Civic Center has hosted every kind of event, from circuses to presidential rallies to spring cotillions. Now city and county leaders are considering a $10 million renovation that could include converting it to a cultural arts center. 

  • New York's United Group plans new apartment complex in Kissimmee

    New York's United Group plans new apartment complex in Kissimmee

    New York-based developer United Group is seeking site plan approval from the City of Kissimmee for a 108-unit apartment complex on John Young Parkway, about two blocks north of W. Vine Street. The Hamilton at Lakeside would be built on roughly 6 acres, accessing John Young Parkway via Bermuda Lakes...

  • Popular Latin restaurant plans new location behind Osceola Heritage Park

    Popular Latin restaurant plans new location behind Osceola Heritage Park

    One of the Orlando area's most popular Latin restaurants has filed plans for a major expansion in Kissimmee just north of Osceola Heritage Park. Melao Bakery is seeking approval from Osceola County's Development Review Committee for a new, 16,400-square-foot building at the corner of Fortune Road...

  • Osceola's W192 Development Authority ups grant money to $3M in 2018 budget

    Osceola's W192 Development Authority ups grant money to $3M in 2018 budget

    Osceola County's W192 Development Authority voted Thursday to allocate $2.4 million -- nearly half of its FY2018 operating budget -- for sign grants.  But much, if not all, of the funding could be spoken for before it becomes available Oct. 1.  The program, which provides 100 percent reimbursement...

  • Orlando physicians sell retail strip in Orange, then reinvest in Kissimmee

    Orlando physicians sell retail strip in Orange, then reinvest in Kissimmee

    Two of Orlando's leading gastroenterologists, who happen to be brothers, recently paid $2.3 million for a 9,240-square-foot retail strip center in Kissimmee. Doctors Srinivas Seela and Harinath Sheela are both Yale Medical School graduates who opened a family practice, Digestive and Liver Center...

  • Chicago investor pays $6M for 26-acre resort on W192

    Chicago investor pays $6M for 26-acre resort on W192

    Chicago real estate investor Rob Jarvis paid $6 million last week for the Champions World Resort on Kissimmee's W192 tourism corridor, and is eyeing more assets in the Orlando market. The resort property sits on 26 acres west of the S.R. 429 Beltway and consists of multiple 1970s-era, two-story...

  • Arizona REIT buys multiple WingHouse restaurants

    Arizona REIT buys multiple WingHouse restaurants

    Arizona-based STORE Capital is buying up multiple locations of The WingHouse Bar & Grill throughout Florida, and may in fact have bought the entire chain. The REIT paid $1.9 million on Jan. 27 to buy Ker's Winghouse restaurant at 3401 W. Vine St. in Kissimmee. The same day, STORE paid $2 million...

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  • Elevation Development advancing Parkview project on W192

    Elevation Development advancing Parkview project on W192

    Orlando-based Elevation Development has started clearing land for the first phase of its Parkview retail project on Kissimmee's W192 tourist corridor and may have found a buyer for the 120-room hotel pad slated for Phase 2. Elevation CEO Owais Khanani told GrowthSpotter the firm is in negotiations...

  • Developer buys vacant land next to Loop West, plans retail & QSR pads

    Developer buys vacant land next to Loop West, plans retail & QSR pads

    Retail developer NGI Investments is part of an investment group that paid $2.1 million on Jan. 31 for the vacant corner parcel on Osceola Parkway at Dyer Boulevard, next to the Loop West shopping center. NGI President Harry Kay bought a 20 percent interest in the project through affliate company...

  • South Florida investors pay $20M for Kissimmee apartment complex

    South Florida investors pay $20M for Kissimmee apartment complex

    Miami flower importer Herbert Jordan is part of an investment group that paid $20 million on Jan. 24 for a 208-unit apartment complex just north of the Kissimmee Gateway Airport. The Park at Sorrento complex, built in 1972, features a mix of garden-style and townhouse apartments on 15.6 acres....

  • Kissimmee broker introducing new 'smart' homes near research park

    Kissimmee broker introducing new 'smart' homes near research park

    Kissimmee real estate broker Aamir Khan is introducing a new "smart home" concept on Neptune Road, at the halfway point between the city's new SunRail station and Osceola County's high tech research park, NeoCity. Khan bought four contiguous lots on Neptune Road and Lakeview Avenue in 2015 for...

  • Mattamy Homes launches new vacation home project and next phase of Tapestry

    Mattamy Homes launches new vacation home project and next phase of Tapestry

    Mattamy Homes USA is gearing up for the next phase of Tapestry, a 1,031-home gated community in Kissimmee. The Canada-based homebuilder this week filed mass grading plans for the four remaining phases of the 243-acre project. Mattamy also filed construction plans for Phases 3 and 4, which should...

  • 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....

  • Congressman Soto leases historic downtown Kissimmee building for district office

    Congressman Soto leases historic downtown Kissimmee building for district office

    Newly sworn-in Rep. Darren Soto, D-Kissimmee, will be opening his flaship district office in the historic Carson Bryan House in downtown Kissimmee, next to the Osceola County Courthouse. Soto won the open seat vacated by Alan Grayson by defeating Republican Wayne Liebnitzky to become the first...

  • 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...

  • 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...

  • 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...

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  • 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 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...

  • 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...

  • Orlando firms back 4 developer bids for free office land in Osceola research park

    Orlando firms back 4 developer bids for free office land in Osceola research park

    The opportunity to build the first Class A/B office building in Osceola County's Florida Tech Farm research park drew bids from four real estate development firms, including two from Florida. "I'm very happy," County Manager Don Fisher told GrowthSpotter on Tuesday afternoon, after sealed bids...

  • Roomba Inn owners expect lengthy permitting process for site redevelopment

    Roomba Inn owners expect lengthy permitting process for site redevelopment

    The owners of the Roomba Inn & Suites next to Old Town in Kissimmee expect about a nine-month review process before they can begin demolition work on the site and start building a new Hilton Home2 Suites. CTN Developments Vice President Abdul Alshoghri met last week with county planners for the...

  • Park Square Homes pitches luxury mixed-use development behind Magic Place

    Park Square Homes pitches luxury mixed-use development behind Magic Place

    Fast-growing Park Square Homes is eyeing a prime spot in the W192 tourist corridor for a luxury mixed-use development combining residential, retail and three hotels across 168 upland acres. The Orlando-based developer is in discussions with the owner of a 247-acre tract immediately south of the...

  • W192 motel across from helicopter tour business sells for $1.62M

    W192 motel across from helicopter tour business sells for $1.62M

    A pair of Chinese investors have paid $1.62 million for a 54-room hotel on Kissimmee's W192 tourist corridor. The Goldstar Inn & Suites at 4600 W. Irlo Bronson Memorial Hwy. was built in 1984. It's an exterior corridor motel with living quarters on site for the owner/manager.   The sellers, AARush...

  • Co-owner considers converting former W192 Hampton Inn into apartments

    Co-owner considers converting former W192 Hampton Inn into apartments

    The majority owner of a failed W192 condo hotel is considering converting the former Hampton Inn building into apartments. The four-story, 166-room hotel was converted into a condo hotel in 2005 and has been closed for years. Located at the W192 - Interstate 4 interchange, the property is close...

  • Wisconsin developer closes on 22 acres for luxury apartments in Kissimmee

    Wisconsin developer closes on 22 acres for luxury apartments in Kissimmee

    Wisconsin-based Continental Properties paid $4.15 million last week for a 22-acre site in Kissimmee's Tapestry master-planned community. The developer broke ground Tuesday on a 288-unit luxury apartment complex called Springs at Tapestry, scheduled to open in Fall 2017. Marketing Manager Jean Jones...

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  • Food trucks draw investment, record customers to Osceola's W192 flea market

    Food trucks draw investment, record customers to Osceola's W192 flea market

    The owners of Kissimmee's Visitors Flea Market across from Old Town have invested $250,000 in recent weeks to create an outdoor food court serviced by 40 food trucks, and they're already seeing the payoff. "Traditionally, September through November is our slowest time," Director of Operations John...

  • Key Motel on W192 tourist corridor sells for $1.75M

    Key Motel on W192 tourist corridor sells for $1.75M

    Another motel has changed hands on Kissimmee's W192 tourist corridor. Magic Key Investment LLC paid $1.75 million last week for the Key Motel at 4810 W Irlo Bronson Memorial Hwy., across from a SuperTarget-anchored shopping center. The 2.66-acre tract on Lake Cecile includes a 47-room motel, built...

  • Osceola County to seek bids for class A office building next to sensor center

    Osceola County to seek bids for class A office building next to sensor center

    Osceola County is putting the final touches on a request for letters of interest (RFLOI) for developers to build a four-story, Class A office building next door to the $250 million  Florida Advanced Manufacturing Research Center, which opens in early 2017. County Manager Don Fisher told GrowthSpotter on...

  • Kissimmee shopping center sale helps fund retirement dreams

    Kissimmee shopping center sale helps fund retirement dreams

    Charles and Nicholas Hasker got their start in the property management field as teenagers in St. Cloud, mowing lawns at their parents' trailer park on Lake Runnymede.   After selling the park, the brothers accumulated several small shopping centers - always focusing on centers with long-term, mom-and-pop...

  • Palm Beach hotelier buys Kissimmee Springhill Suites for $16.3M

    Palm Beach hotelier buys Kissimmee Springhill Suites for $16.3M

    A Boston-area hotel company paid $16.3 million last week for a 151-room Marriott flag hotel in Kissimmee's Calypso Cay Resort. Located just off Osceola Parkway, the SpringHill Suites, which was built in 2000, is a Walt Disney World Good Neighbor Hotel.  Bijal Hospitality managing member Mahesh...

  • Insula sells Kissimmee apartment complex, nets $13M ROI & reinvests locally

    Insula sells Kissimmee apartment complex, nets $13M ROI & reinvests locally

    After spending $2 million to renovate a 44-year-old Kissimmee apartment complex, Sarosota-based Insula Companies sold the asset on Sept. 30 for $32.6 million -- netting at least $13 million in profit. The former 366-unit Dorado Apartments at 1400 W. Donagan Ave., just west of John Young Parkway,...

  • Roomba Inn owner awaits final approval from Hilton for W192 redevelopment

    Roomba Inn owner awaits final approval from Hilton for W192 redevelopment

    The owners of the Roomba Inn & Suites on W192 plan to demolish the 30-year-old hotel and replace it with a pair of seven-story flag hotels and a retail/entertainment center, linking the complex to the neighboring Old Town complex. The W192 Redevelopment Authority will get a look this week at the...

  • Kissimmee retail and soccer complex plan looks 'awesome'

    Kissimmee retail and soccer complex plan looks 'awesome'

    Kissimmee's Development Review Committee signed off Tuesday on Mixed Use PUD rezoning for a 4.5-acre parcel on West Vine Street for a covered soccer complex, with retail and office buildings in front. The rezoning of the site, home to a former Sonny's BBQ restaurant, moves on to the Planning Advisory...

  • Kissimmee broker plans mixed-use, soccer complex next to Shingle Creek Park

    Kissimmee broker plans mixed-use, soccer complex next to Shingle Creek Park

    Kissimmee real estate broker Rajia Ackley has teamed up with the owner of Winter Park's Fair Play Arena to build a similar sports complex on West Vine Street, right next door to Shingle Creek Regional Park.  Ackley, owner of Coldwell Banker Ackley Realty, has owned most of the 4.5-acre parcel since...

  • Osceola hoping free land will bring public & private dollars to new research park

    Osceola hoping free land will bring public & private dollars to new research park

    Osceola County Manager Don Fisher unveiled a key economic incentive proposal to draw jobs and investors to the Florida Tech Farm on Thursday. Speaking to the Central Florida chapter of NAIOP, Fisher said the county has offered 50 acres of prime real estate in the new research park for free, as...

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  • Repair costs prompt Kissimmee motel owners to demolish and rebuild

    Repair costs prompt Kissimmee motel owners to demolish and rebuild

    The skyrocketing cost of renovating a Kissimmee hotel complex on Lake Cecile is prompting the owners to look at demolishing the remaining buildings and starting over with new construction. Canadian investors Martin Coulombe and his wife, Brigitte Giguere, bought the long-vacant hotel on W192 in...

  • Seralago owner wants to raze W192 hotel and put up condos

    Seralago owner wants to raze W192 hotel and put up condos

    The owners of Kissimmee's Seralago Hotel & Suites are planning a multi-phased redevelopment of the 43-year-old hotel on the W192 tourist corridor. With 614 rooms in 10 buildings spread out over 18 acres, Seralago is one of the corridor's largest hotel properties. It's in a prime location, situated...

  • Racing instructor envisions $50M tourist attraction on W192 for sports car lovers

    Racing instructor envisions $50M tourist attraction on W192 for sports car lovers

    All his life, Andy Bardar has had a love affair with fast cars. There's nothing quite like the adrenaline rush of taking a tight turn at high speed. "My business, my life, it all revolves around things with wheels," he said. "I’m watching the industry change with electric cars and driver-less cars,...

  • Mystery developer planning $400M hotel & entertainment district on W192

    Mystery developer planning $400M hotel & entertainment district on W192

    Osceola County's W192 Development Authority has entered into a confidentiality agreement with a developer to assist in the planning of a $400 million "lifestyle destination resort" on the tourist corridor. Executive Director David Buchheit briefed the board Thursday morning on what he's called...

  • Resort owners buy prime commercial land in Osceola's E192 Tech Corridor for $2M

    Resort owners buy prime commercial land in Osceola's E192 Tech Corridor for $2M

    Owners of the Flamingo Waterpark Resort on E192 at the Florida Turnpike exit paid $2 million on Tuesday to buy the 22.5-acre abandoned golf course adjacent to their hotel. The acquisition comes nearly two years after Miami-based Blue Road paid $9 million to buy the 245-room full-service hotel....

  • Neighboring Kissimmee motels both fetch $1.6M sales prices

    Neighboring Kissimmee motels both fetch $1.6M sales prices

    A pair of motels on the same block of Kissimmee's Vine Street corridor have both sold in recent months for the exact same price: $1.6 million. The Tropicana Motel at 4131 W. Vine St. was the most recent transaction, changing hands on Aug. 22. Longtime owners Mohan and Neelam Anand sold the 32-year-old...

  • Miami-based developer planning huge new retail center across from The LOOP

    Miami-based developer planning huge new retail center across from The LOOP

    Miami-based Courtelis Company is planning a new retail center on 50 acres across Osceola Parkway from The LOOP in Kissimmee. Courtelis has had the property under contract since late June, but has not submitted any plans to the city yet.  Leasing agents for the company discussed the project with...

  • Winter Park developer seeks rezoning for 377-unit Kissimmee apartment project

    Winter Park developer seeks rezoning for 377-unit Kissimmee apartment project

    A Winter Park apartment developer that specializes in affordable housing is seeking land use and zoning changes for a 377-unit complex on Old Vineland Road in Kissimmee. Atlantic Housing Partners has filed a PUD application with the City of Kissimmee and goes before its Development Review Committee...

  • New classroom building in Osceola tops priority list for Valencia College

    New classroom building in Osceola tops priority list for Valencia College

    Valencia College will open its new Poinciana campus next year, but that still won't provide enough relief for the swelling enrollment at the college's main Osceola campus in Kissimmee. That's why the Board of Trustees on Wednesday named the $55.7 million classroom building in Kissimmee as top priority...

  • Prospective buyer planning trail-centric community along Shingle Creek in Kissimmee

    Prospective buyer planning trail-centric community along Shingle Creek in Kissimmee

    A $5 million trail along Kissimmee's Shingle Creek could be the main attraction for a proposed mixed use development on John Young Parkway south of downtown. Daryl Carter, president of Maury Carter and Associates, told GrowthSpotter the 194-acre Yates parcel, which was listed for $7.5 million,...

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