Kissimmee Developments

  • 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...

  • 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...

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  • 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...

  • 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...

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  • 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...

  • 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...

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  • 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...

  • 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...

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  • 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...

  • 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....

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  • 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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  • Construction on new Kissimmee parking garage to start Aug. 1

    Construction on new Kissimmee parking garage to start Aug. 1

    The City of Kissimmee will shut down its Toho Square parking lot Aug. 1 to start construction on a $7 million parking garage, which will be the first phase of a $65 million plan to redevelop two entire city blocks of the downtown lakefront district. "I honestly didn't think we'd get it done, but...

  • Osceola moving forward with Bus Rapid Transit on W192 tourism corridor

    Osceola moving forward with Bus Rapid Transit on W192 tourism corridor

    Osceola County Manager Don Fisher has told members of the W192 Development Authority he plans to use $3.5 million of the district's tax revenue for a federal application to add mass transit on the tourist corridor. Fisher informed the authority members last week before presenting his budget recommendation...

  • Darden to build new Bahama Breeze next to Kissimmee's The Loop

    Darden to build new Bahama Breeze next to Kissimmee's The Loop

    Darden Restaurants has confirmed plans to build a new Bahama Breeze Island Grille -- the company's sixth Orlando-area location -- on Osceola Parkway next to The Loop shopping center. The Orlando-based restaurant corporation has signed a ground lease for an outparcel in front of the Ashley Home...

  • Belgian tech leader imec opens downtown Kissimmee office

    Belgian tech leader imec opens downtown Kissimmee office

    Belgium-based imec, a global leader in nanoelectronics research and development, has set up shop in downtown Kissimmee, according to papers filed with the Florida Department of State. Long-rumored to be the anchor tenant that would put Osceola County's new tech research park on the map, imec meets...

  • Anatomy of a Deal: How GreenPoint is turning three aging motels into a showcase for its new brand (Pt. 2)

    Anatomy of a Deal: How GreenPoint is turning three aging motels into a showcase for its new brand (Pt. 2)

    Crystal Pernici vividly remembers her first impression of the Grand Orlando Palms -- soon to reopen as GreenPoint Kissimmee. Before joining GreenPoint Hospitality as vice president of market strategy, Pernici sold hotel management software. "I actually came into this property when it was under...

  • How the GreenPoint design came together

    How the GreenPoint design came together

    GreenPoint's design concept went through several revisions before the partners settled on the final look. Follow the progression to see how it came together.

  • Kissimmee shopping center sells weeks before scheduled public auction

    Kissimmee shopping center sells weeks before scheduled public auction

    A Kissimmee shopping center that has been tangled up in two separate foreclosures sold on June 16 to a Tampa investor, just weeks before it was scheduled for public auction. The Kissimmee Commons shopping center is a 15,385-square-foot strip center adjacent to the city's Vine Street Walmart Supercenter....

  • Siblings sell lakefront motel on W192 after getting offer they couldn't refuse

    Siblings sell lakefront motel on W192 after getting offer they couldn't refuse

    The brother and sister who inherited their parents' Golden Link Motel on Kissimmee's W192 corridor weren't looking to sell in late May. But when a broker approached them with a cash offer for nearly $2.4 million, they simply couldn't turn it down. "I turned 50 this year, and I was ready for a change,"...

  • Anatomy of a Deal: How college friends joined forces to launch a new hotel brand in Kissimmee (Pt. 1)

    Anatomy of a Deal: How college friends joined forces to launch a new hotel brand in Kissimmee (Pt. 1)

    The logo for GreenPoint Hospitality, the South Florida hotel company opening its first two hotels in Kissimmee this year, features a full-grown tree. But the seed for GreenPoint was planted 30 years ago, when three architecture students in Buenos Aires struck up a friendship. "We've known Ruben...

  • New hotel company pays $8.7M for hotel near Disney

    New hotel company pays $8.7M for hotel near Disney

    Newly formed SLB Hotel Group has acquired its first hotel property after paying $8.7 million for a 197-room hotel on Kissimmee's W192 corridor, about a mile from Walt Disney World. The Comfort Inn MainGate was built in 1983 and sits on 4.6 acres just east of Formosa Gardens. It is a Disney "Good...

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  • Panda Express parent co. buys second W192 site for $1.35M, seeks more locally

    Panda Express parent co. buys second W192 site for $1.35M, seeks more locally

    Panda Restaurant Group, parent company of Panda Express, is the latest dining chain to grab a piece of Kissimmee's W192 tourism corridor, paying $1.345 million on May 26 for a parcel directly north of the 300-acre Margaritaville Resort property now under construction. The company should break ground...

  • Developer looking for JV partners on mixed use project near Osceola research park

    Developer looking for JV partners on mixed use project near Osceola research park

    The owners of a 66-acre parcel on Fortune Road in Kissimmee are looking for development partners for the mixed-use project to complement a new high tech research park nearby on the Judge Farms property. "We believe we may be able to have some embedded synergies with them," David Salanitro told GrowthSpotter. "As...

  • Jacksonville developer pitching two Kissimmee sites for tax credit apartments

    Jacksonville developer pitching two Kissimmee sites for tax credit apartments

    Jacksonville-based Vestcor Companies is proposing two affordable housing apartment communities on Kissimmee’s W192 corridor. Kevin Troup, director of acquisitions for Vestcor subsidiary TVC Development, said the developer is hedging its bets, entering both sites in the 2016 lottery for tax credit...

  • Car wash owner wants to build dune buggy track on W192

    Car wash owner wants to build dune buggy track on W192

    The owner of a Car Wash Express is looking to build a dune buggy attraction on W192 in Kissimmee, right next door to his new $3.3 million car wash. David Daniels told GrowthSpotter he plans to lease about 1 acre on the parcel near Mile Marker 14 on W192 that is currently home to a helicopter tour...

  • Providence One planning $30M assisted living facility near The Loop

    Providence One planning $30M assisted living facility near The Loop

    Providence One Investments is eying a 3.4-acre parcel on John Young Parkway just south of The Loop for a 120-unit assisted living and memory care facility (ALF).  The site, at the northwest corner of JYP and Centerview Boulevard, is currently owned by Tupperware Brands through its Deerfield Land...

  • Broker: Wetlands not an issue on 217-acre W192 parcel

    Broker: Wetlands not an issue on 217-acre W192 parcel

    The seller's agent for a 217-acre piece of prime real estate on Kissimmee's W192 tourist corridor said concerns raised by county staff about wetlands on the property would not affect development plans. Paul Hoffman, a broker with Coldwell Banker Commercial, told GrowthSpotter the site has active...

  • Tupperware sells two parcels, close to inking deal for hotel site

    Tupperware sells two parcels, close to inking deal for hotel site

    Tupperware Brands has closed on two property sales in recent weeks and is about a month away from closing a deal to bring a 120-room Hampton Inn to the Crosslands in Kissimmee. Tom Roelk, vice president of Tupperware Brands, told GrowthSpotter the company sold an outparcel at the Orange Blossom...

  • Developer sells Kissimmee Medical Village for quick profit

    Developer sells Kissimmee Medical Village for quick profit

    In less than a year, Majors Investments has turned a nearly $1.4 million profit in the sale of its Kissimmee Medical Village at 1975 S. John Young Parkway. The Orlando-based developer specializes in converting distressed properties into Class A medical office space. Founder Tim Majors bought the...

  • Fast-growing Park Square Homes to double in size by 2017

    Fast-growing Park Square Homes to double in size by 2017

    With more than 2,000 lots across Central Florida currently in pre-development, Orlando-based Park Square Homes is shifting its homebuilding operation away from the vacation home market to focus almost exclusively on primary residential homes. President and COO Steve Parker told GrowthSpotter the...

  • 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...

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  • Consultant tells Osceola to invest in more sports fields and new arena

    Consultant tells Osceola to invest in more sports fields and new arena

    Osceola County's Tourist Development Council got its first look Tuesday at a plan to spend nearly a quarter billion dollars to replace Silver Spurs Arena and build more sports facilities, including a massive new softball complex on W192. The TDC discussed a preliminary report from the county's...

  • New York investment group sells Kissimmee office plaza for $1.3M

    New York investment group sells Kissimmee office plaza for $1.3M

    A New York firm that specializes in asset-oriented distressed debt has sold an office and retail plaza on S.R. 535, right across from the new Embassy Suites in Kissimmee. Stabilis Capital Management acquired the 13,250-square-foot building at 2960 Vineland Road in late 2012 after buying the debt...

  • New hotel, retail planned for Kissimmee's W192 tourist corridor

    New hotel, retail planned for Kissimmee's W192 tourist corridor

    Orlando-based Elevation Development plans to start construction by the end of the year on an 8-acre retail and hotel project in the heart of Kissimmee's tourist district. "It's called Parkview due to its proximity to the local theme parks," planner Nick Boehme told GrowthSpotter.  The property...

  • Major expansion planned for Vacation Village timeshare resort

    Major expansion planned for Vacation Village timeshare resort

    Nearly two years after buying the former Arabian Nights property near the W192-Interstate 4 interchange, Lando Resorts is gearing up to expand its Vacation Village at Parkway resort. Lando paid $6.5 million in August 2014 for the nearly 24-acre parcel that housed the equestrian dinner show attraction...

  • Duke Energy to market Kissimmee industrial park

    Duke Energy to market Kissimmee industrial park

    Duke Energy has accepted a Kissimmee industrial park into its highly competitive site readiness program. The 193-acre Central Florida Business Park on Ham Brown Road has been approved for 2,095,500 square feet of office and industrial development. Located just south of the Lowe's Home Improvement...

  • Margaritaville Resort files plans for water park, sells land to apartment developer

    Margaritaville Resort files plans for water park, sells land to apartment developer

    Engineering plans filed last week for the water park at Margaritaville Resort reveal the overall site layout as well as a hint of the types of rides visitors can expect. The 13-acre water park, which will be open to the public when the resort opens in 2018, will feature a wave pool, lazy river...

  • Kissimmee RV park near tourism corridor sells for $2.5M, renovations planned

    Kissimmee RV park near tourism corridor sells for $2.5M, renovations planned

    A Connecticut real estate investor paid $2.5 million this week to buy the Orange Grove Campground and RV Park just off Kissimmee's W192 tourist corridor. "We are in the outdoor hospitality space, and we think it's a wonderful location," Athena Real Estate principal Richard O'Brien told GrowthSpotter...

  • Margaritaville Resort retail complex begins to take shape

    Margaritaville Resort retail complex begins to take shape

    The new shopping and dining complex at Margaritaville Resort has a decidedly un-Key West theme, based on a rendering released by the resort's sales staff this month.  In an email sent to potential investors, resort officials said they expect to start construction in June, and would soon be releasing...

  • Kissimmee motel sells for $2M, to be converted to affordable apartments

    Kissimmee motel sells for $2M, to be converted to affordable apartments

    After seven months of planning and permitting, a group of Orlando engineers closed the deal this week on the former Palms motel in Kissimmee for $2 million. The 192-room motel just north of the US 192–Florida Turnpike interchange was once a Howard Johnson Inn, but has been closed for more than...

  • Developer wants to start new retail center by January at Disney's World Drive

    Developer wants to start new retail center by January at Disney's World Drive

    Palm Harbor-based Corporate Development & Construction is eager to start building a 103,000-square-foot shopping center at Disney's World Drive interchange in Celebration. "We'd like to start as soon as possible," President Stephen Thompson told GrowthSpotter on Wednesday. "We hope to have our...

More News

  • New details released on Orange Lake Resort's 'high action adventure park'

    New details released on Orange Lake Resort's 'high action adventure park'

    Development plans filed Wednesday with Orange County reveal more details about the high action adventure park planned for construction this year at Orange Lake Resort. Located at 8505 W. Irlo Bronson Memorial Highway, the resort and its country club golf course span more than 800 acres on either...

  • ChampionsGate water park

    ChampionsGate water park

    ChampionsGate developer RIDA agreed to build a $5 million water park amenity, including a wave pool, at the Omni Orlando at ChampionsGate as part of its contract with Osceola County.

  • Gaylord Palms spending $4.2 million on water park enhancements

    Gaylord Palms spending $4.2 million on water park enhancements

    Gaylord Palms Resort & Convention Center is the latest Orlando-area resort to embark on a major upgrade of its onsite water park.  The Marriott hotel is working with New York-based Aquatic Development Group on a plan to install a waterslide complex and FlowRider surf simulator. Industry leader ...

  • Developer planning new shopping center at Disney's World Drive interchange

    Developer planning new shopping center at Disney's World Drive interchange

    Celebration could be getting a new grocery store and a host of shops and restaurants.  Civil/Site Engineering Inc. has filed a preliminary conceptual plan for a 21-acre shopping center on Disney property that would hug the World Drive exit ramp off Interstate 4 and look across to the iconic mouse...

  • Osceola considers development standards near SunRail stations & on U.S. 192

    Osceola considers development standards near SunRail stations & on U.S. 192

    Osceola County planners have drafted an ordinance that would increase densities and create design standards for new construction around SunRail stations, but some developers say the new rules are unrealistic. The Transit Oriented Design (TOD) ordinance would create overlay districts extending a...

  • ICI sells Kissimmee land for $2.8M

    ICI sells Kissimmee land for $2.8M

    ICI Homes has parted with 31-plus acres of land south of The Loop outdoor retail center in Kissimmee for $2.8 million, selling it to a Kissimmee developer/land banker. The property at the northeast quadrant of W. Carroll Street and N. Thacker Avenue is part of the former Flora Ridge DRI, now a...

  • Incoming CCIM president to present 2016-17 hotel and lodging forecast in Kissimmee

    Incoming CCIM president to present 2016-17 hotel and lodging forecast in Kissimmee

    Hotel expert Robin Webb sees challenges and unique investment opportunities in Kissimmee's W192 tourist corridor. He'll present his hotel lodging forecast for 2016 and beyond at a special networking event for brokers and hoteliers April 14. Webb, managing director for NAI Realvest and incoming...

  • Four Seasons Orlando

    Four Seasons Orlando

    K. Hovnanian Homes bought the 26 acres market in blue last November for phase one of its Four Seasons Orlando active adult community. The homebuilder recently closed on the final 120 acres (in yellow) in the Mystic Dunes Resort. 

  • K. Hovnanian completes land purchase for Four Seasons community at Mystic Dunes

    K. Hovnanian completes land purchase for Four Seasons community at Mystic Dunes

    New Jersey-based K. Hovnanian Homes paid $2.94 million on Thursday to close on the purchase of the final 120 acres for its Four Seasons luxury community near Celebration. Mystic Dunes is located just west of the Interstate 4 and World Drive interchange, between Formosa Gardens Boulevard and Old...

  • Margaritaville Resort to open Kissimmee sales office by May

    Margaritaville Resort to open Kissimmee sales office by May

    Margaritaville Resort has released pricing details for its first round of pre-sales, and plans to open an onsite sales office on Kissimmee's W192 tourist corridor by Memorial Day. Marketing and Sales Director David Hurst said the developer, Encore Funds, is finalizing the architectural plans for...

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