Kissimmee Developments

  • Gaylord Palms & Osceola County reach deal for $150M expansion of Kissimmee hotel

    Gaylord Palms & Osceola County reach deal for $150M expansion of Kissimmee hotel

    Gaylord Palms Resort & Convention Center has reached a deal with Osceola County that clears the way for the county's largest hotel to add another 300 rooms and 90,000 square feet of new meetings and event space. Plans also call for two new parking garages and a $10 million water park expansion...

  • Developer files plan for mixed-use project at main entrance to NeoCity

    Developer files plan for mixed-use project at main entrance to NeoCity

    Kissimmee-based Schoolfield Properties is preparing an 18-acre mixed-use project that will serve as the main gateway entrance to the NeoCity tech district. With a mix of office, retail, residential and hotel uses, Valencia Village has been designated a "project of significance" by the city because...

  • Epoch Residential eyes Kissimmee site near The Loop for mixed housing project

    Epoch Residential eyes Kissimmee site near The Loop for mixed housing project

    Winter Park-based Epoch Residential has filed plans with the city of Kissimmee for a multi-phased development with up to 788 units in The Loop submarket. The luxury multifamily developer has a purchase contract on 74 acres in the Flora Ridge Mixed-Use PUD, east of Dyer Boulevard and about a third...

  • Kissimmee W192 Lake Cecile site eyed for new condo resort community

    Kissimmee W192 Lake Cecile site eyed for new condo resort community

    A Brazilian multifamily developer is planning its Orlando entry via Kissimmee with a $30 million condominium project on the W192 tourism corridor. Four Seasons Company partner Ricardo Amaral and his representatives met this week with Osceola County's Development Review Committee to discuss developing...

  • D.R. Horton moving forward with 110-acre commercial section of Kindred

    D.R. Horton moving forward with 110-acre commercial section of Kindred

    Three years after it started building homes in Osceola County's Kindred community, D.R. Horton is moving forward with plans for roughly 110 acres of commercial property in the sprawling mixed-use development south of NeoCity. The developer has filed a Preliminary Subdivision Plan designating a...

  • W192 Board budget includes millions to bury powerlines, build pedestrian bridges

    W192 Board budget includes millions to bury powerlines, build pedestrian bridges

    Osceola's W192 Development Authority plans to spend more than $50 million in the next five years to bury power lines, redo the purple-themed streetscape and build pedestrian bridges on the tourism corridor. Board members unanimously approved their first five year capital improvement plan, as well...

  • Local development group planning new hotel on Kissimmee's W192 corridor

    Local development group planning new hotel on Kissimmee's W192 corridor

    Hotelier Aziz Visram has teamed up with Align Commercial Real Estate for a new hotel project on Kissimmee's W192 tourism corridor. Visram previously renovated and sold the Comfort Inn Maingate at 7675 W. Irlo Bronson Memorial Highway, about a mile from Disney's Animal Kingdom. He kept an undeveloped...

  • Developer adding office building to self-storage facility on Celebration Blvd

    Developer adding office building to self-storage facility on Celebration Blvd

    With construction well underway for a self-storage facility on Celebration Boulevard, GNP Development is moving forward with the second phase of the project.  Managing Partner Mark Gerenger told GrowthSpotter the Tampa-based boutique real estate firm will seek permits for a 39,000-square-foot commercial...

  • Orlando developer ready to reboot stalled townhouse community in Kissimmee

    Orlando developer ready to reboot stalled townhouse community in Kissimmee

    Orlando developer Hank Sabeti is moving forward with the second phase of his Fiesta Key Resort after it sat idle for more than a decade. The project on Kissimmee's Poinciana Boulevard was originally approved for 371 vacation resort townhomes and an amenity center, but the project stalled after...

  • Former condemned W192 hotel now a showpiece after $8M renovation

    Former condemned W192 hotel now a showpiece after $8M renovation

    It's been two weeks since the Hawthorn Suites Kissimmee Gateway opened, and General Manager Pauli Perera stepped out of the newly constructed lobby Friday to announce that the extended-stay hotel is fully booked. To grasp the significance of that statement, you'd have to know that a year and half...

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  • Orlando CRE investors see value-add potential in W192 strip center

    Orlando CRE investors see value-add potential in W192 strip center

    Orlando-based Kelton Capital Partners paid $1.55 million earlier this month for a fully-leased Sam's Club shadow anchor strip center on Kissimmee's W192 corridor. Co-founder Kevin Smith told GrowthSpotter the partners were attracted to the W192 corridor because they see strong capital investment...

  • Self-storage sought for former grocery store site in Kissimmee

    Self-storage sought for former grocery store site in Kissimmee

    California-based William Warren Group (WWG) is eyeing a former grocery store site in Kissimmee's Buenaventura Lakes neighborhood for its next self-storage facility.  The company is seeking a conditional use permit and site plan approval to allow self-storage in a Mixed-Use PUD on a vacant 3.8-acre...

  • Investment group pays $5.2M for mixed-use site close to NeoCity

    Investment group pays $5.2M for mixed-use site close to NeoCity

    An investment group led by Orlando broker David Salanitro has closed on a 66-acre parcel near NeoCity after having it under contract for two years. Orteka Partners LLC paid $5.2 million for the "Ivy Lakes" site on Fortune Road, just east of the Florida's Turnpike. The seller was Ivey Groves, a...

  • Kissimmee cancels selection of affordable housing developer, plans to rebid

    Kissimmee cancels selection of affordable housing developer, plans to rebid

    The city of Kissimmee has canceled a February solicitation for developers to build affordable housing on 19 acres just west of downtown, and plans to rebid the project at a later date. In their rush to select a developer, city officials overlooked the fact that the project was ineligible for Low...

  • Osceola Science Charter School planning major expansion with new K-12 campus

    Osceola Science Charter School planning major expansion with new K-12 campus

    Osceola County's only STEM-focused charter school is planning a major expansion to include building its own K-12 campus on John Young Parkway in Kissimmee. Osceola Science Charter School now serves grades K-4 and leases classroom space from Avant Garde Academy on 2880 N. Orange Blossom Trail. The...

  • New Kissimmee apartments next to Valencia College clear major hurdle

    New Kissimmee apartments next to Valencia College clear major hurdle

    Orlando developer Kal Hussein and his partners from Park Square Homes cleared a major hurdle last week for their mixed-use OxBow Crossing project next to Valencia College in Osceola County.  Kissimmee's Planning & Zoning Board approved a Planned Unit Development Amendment that reduces the required...

  • Sports-focused charter school to open second campus in Osceola Heritage Park

    Sports-focused charter school to open second campus in Osceola Heritage Park

    A Little Havana charter school that prepares student athletes for sports-related careers will open its second campus in Kissimmee at Osceola Heritage Park. The nonprofit SLAM Foundation (Sports Leadership and Management) opened its first campus in 2003 a block from the Miami Marlins stadium, and...

  • Kissimmee to pick affordable housing provider for free land in March

    Kissimmee to pick affordable housing provider for free land in March

    Two local developers adept at dealing with Low Income Housing Tax Credits (LIHTCs) have jumped at the offer to accept free land from the city of Kissimmee and Toho Water Authority, in exchange for building up to 400 affordable rental units less than a mile from downtown's Lakeview Park. Birdsong...

  • Developer applies for Mixed-Use at FL Turnpike interchange in Kissimmee

    Developer applies for Mixed-Use at FL Turnpike interchange in Kissimmee

    The heirs of the late Wendell "Jock" Spears are looking to revive a decades-old land development at Kissimmee's Osceola Parkway - Florida Turnpike interchange. Spears, who died in 2007, was the original developer of Gateway Commons, the Walmart-anchored retail center between the turnpike and the...

  • W192 Roomba Inn rezoning clears DRC despite objection from neighbor

    W192 Roomba Inn rezoning clears DRC despite objection from neighbor

    A dispute over a 46-year-old sign easement recently threatened to scuttle a $40 million redevelopment plan by the owner of the Roomba Inn & Suites on Kissimmee's W192 near Old Town. Ontario-based CTN Developments had received demolition permits for the 400-room hotel from Osceola County in January....

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  • National firm planning its fourth luxury apartment complex near Tupperware HQ

    National firm planning its fourth luxury apartment complex near Tupperware HQ

    With the opening of its third luxury apartment complex in Kissimmee just weeks away, Fore Property Company is already planning for another project in the Loop/Tupperware submarket. The California-based developer has a purchase contract on 7 acres at the intersection of Ball Park Road and Batts...

  • Broker looking for development partners on Kissimmee mixed-use project

    Broker looking for development partners on Kissimmee mixed-use project

    A group of Winter Park real estate investors are looking for development partners for a 39-acre parcel next to Kissimmee's Shingle Creek Regional Park. Colony Realty Group President Tom Lightsey told GrowthSpotter he and partners received Mixed-Use PUD zoning from the city in December for Shingle...

  • City of Kissimmee offering free land for new affordable housing

    City of Kissimmee offering free land for new affordable housing

    The City of Kissimmee is hoping that the offer of free land less than a mile from downtown's Lakeview Park will induce a developer to build up to 400 units of affordable rental housing.  The city has issued a Request for Letter of Interest (RFLOI) for affordable housing developers to build multi-phased,...

  • Kissimmee hotelier buys third motel on W192's Lake Cecile district

    Kissimmee hotelier buys third motel on W192's Lake Cecile district

    Kissimmee hotelier Susana Wong has made her largest investment yet on the W192 corridor, paying $5.25 million for the Howard Johnson Express Inn & Suites on Lake Cecile. Kris Lagasse, director of operations, told GrowthSpotter on Friday that Wong plans to keep the Howard Johnson flag, and will...

  • Atlanta's Cortland Partners adds Kissimmee complex to growing MF portfolio

    Atlanta's Cortland Partners adds Kissimmee complex to growing MF portfolio

    Atlanta-based Cortland Partners added another Orlando-area apartment community to its growing Florida portfolio this week with the acquisition of Lugano Apartments in Kissimmee. Cortland affiliate Savosa FL Partners LLC paid $59.15 million for the class A apartments in the desirable Loop submarket,...

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  • L.A. investment firm buys Kissimmee apartment complex for $25.75M

    L.A. investment firm buys Kissimmee apartment complex for $25.75M

    Los Angeles-based CGI Strategies paid $25.75 million right before Christmas to buy its second apartment community in Kissimmee's W192 tourism corridor. CGI acquired the Cane Island Apartments, which comprises 166 units of the 260-unit community. CGI spokesman Bruce Beck told GrowthSpotter the complex...

  • South FL investor buys retail center at key Kissimmee intersection

    South FL investor buys retail center at key Kissimmee intersection

    South Florida investor Claudio Maggi paid $5.5 million last week for a pair of inline retail strip centers at the northwest corner of Kissimmee's John Young Parkway and Pleasant Hill Road. Shoppes at Pleasant Hill was built in 2003 and 2004 and contains 34,200 square feet divided among 21 tenant...

  • NJ hotelier buys Crosslands outparcel for new hotel, restaurant in Kissimmee

    NJ hotelier buys Crosslands outparcel for new hotel, restaurant in Kissimmee

    After marketing the hotel site at Kissimmee's Crosslands shopping center for more than two years, Tupperware found a buyer right before Christmas. New Jersey-based Pinnacle Hospitality Group paid $2.65 million last week for the 3.5-acre outparcel at the shopping center's Orange Blossom Trail entrance,...

  • Kissimmee motel behind giant orange on W192 sells for $5.25M

    Kissimmee motel behind giant orange on W192 sells for $5.25M

    Longtime Kissimmee hotelier Johnson Young sold the 158-room Travelodge Suites behind the giant, orange-shaped gift shop on W192 this week for $5.25 million. Young built the hotel in 1991 and has operated it through his family-run hospitality business ever since. The family also owns and manages...

  • Bankruptcy court approves Disney-area hotel sale for $8.55M to Sarasota group

    Bankruptcy court approves Disney-area hotel sale for $8.55M to Sarasota group

    Sarasota-based Finergy Group will officially acquire the long-closed Magnuson Grand hotel on Kissimmee's W192 tourism corridor before the end of the year. U.S. Bankruptcy Court Judge Karen Jennemann signed an order Dec. 7 approving the buyer and an $8.55 million sale price. That started a 14-day...

  • Newgard buys new apts near Margaritaville to relaunch as Airbnb product

    Newgard buys new apts near Margaritaville to relaunch as Airbnb product

    A mystery surrounding the location of the first Niido powered by Airbnb apartments in Kissimmee has been solved, and reveals a deliberate misdirection campaign by the developer over the past three months. Miami-based Newgard Development, which announced in mid-October it was teaming up with the...

  • Osceola Commissioners approve $1.25M land buy across from NeoCity gateway

    Osceola Commissioners approve $1.25M land buy across from NeoCity gateway

    Osceola County Commissioners voted Monday to spend $1.25 million for a small retail parcel at the entrance to Valencia College's Osceola campus, right across from a main gateway to NeoCity. The 1.5-acre, triangle-shaped lot is at the northwest corner of the signalized intersection of Denn John...

  • Magic Development launches sales for new $250M resort at Magic Place

    Magic Development launches sales for new $250M resort at Magic Place

    Just two months after spending $20 million to buy 364 acres in Kissimmee's W192 tourism corridor, Magic Development is launching the pre-sales for its third Magic Village resort.  Magic CEO Rodrigo Cunha announced the $250 million project Friday. With 453 units planned for Phase 1, Magic Village...

  • Fast-growing gourmet mini-burger chain to open multiple Orlando-area locations

    Fast-growing gourmet mini-burger chain to open multiple Orlando-area locations

    An Israeli fast-casual concept that focuses on gourmet, customizable mini-burgers is getting ready to make a big entry into the Florida market. "We have over 70 stores coming to Florida in the next year," Burgerim Florida CEO Marc Bass told GrowthSpotter on Friday. Burgerim will open multiple stores...

  • Kissimmee Commissioners weigh options for downtown performing arts center

    Kissimmee Commissioners weigh options for downtown performing arts center

    Repurposing the Kissimmee Civic Center into a performance center that could compete with venues in the Orlando region could cost anywhere from $20 million to $50 million, a consultant told city commissioners on Tuesday. City Commissioners hired Convention, Sports & Leisure International (CSL) in...

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  • CalAtlantic pays $4.6M for Phase 2 of Sedona subdivision in Kissimmee

    CalAtlantic pays $4.6M for Phase 2 of Sedona subdivision in Kissimmee

    CalAtlantic Group paid $4.6 million last week to buy Phase 2 of Sedona, a 220-acre subdivision between Kissimmee and Poinciana. Developer Max Sabeti told GrowthSpotter the community on Ham Brown Road is approved for 378 lots. He has a deal with Maronda Homes for Phase 1, which includes 191 homesites...

  • Kissimmee motel fetches $2.15M sale price after landing national brand

    Kissimmee motel fetches $2.15M sale price after landing national brand

    An Orlando-based hotel investor paid $2.15 million last month for the Days Inn Kissimmee West at 4125 W. Vine St. The 50-room motel was built in 1984 and formerly operated as the "Inn at Oak Plantation," until M&W International Investments bought it in 2014 for $1.25 million and renovated the property,...

  • Retail developer to break ground soon on LOOP-area outparcels in Kissimmee

    Retail developer to break ground soon on LOOP-area outparcels in Kissimmee

    Orlando-based retail developer NGI Investments could break ground in late November on a 5.7-acre development in Kissimmee's LOOP submarket. NGI President Haresh Karamchandani (better known as Harry Kay)  told GrowthSpotter he has a ground lease with AutoZone, which plans to file building permits...

  • Developer keys in on sites next to Valencia campuses for apartments, townhomes

    Developer keys in on sites next to Valencia campuses for apartments, townhomes

    Orlando developer and engineer Kal Hussein is teaming up with Park Square Homes' Suresh Gupta for a pair of projects next to Valencia College campuses in Orange and Osceola counties. Hussein's KRDK Investments, LLC has a purchase contract for 17.3 acres on Kissimmee's E192/Vine Street corridor,...

  • Miami developer still eyeing land south of The LOOP for new shopping center

    Miami developer still eyeing land south of The LOOP for new shopping center

    Miami-based Courtelis Company is still looking to develop a new shopping center on 50 acres just south of the LOOP West in Kissimmee. Hanson Walter & Associates filed a Site Development Plan this week with the South Florida Water Management District and US Army Corps of Engineers calling for a...

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  • Margaritaville redesigns 50-foot entrance signs to look more tropical

    Margaritaville redesigns 50-foot entrance signs to look more tropical

    The developers of Kissimmee's new Margaritaville Resort went back to the drawing board to win approval from the county's new Architectural Review Board (ARB) for a pair of 50-foot high entertainment signs on W192. Encore Capital Management won ARB approval this week for the redesigned signs, which...

  • Motorsports Park developer amends noise variance application with shorter hours

    Motorsports Park developer amends noise variance application with shorter hours

    The developer of the proposed $100 million Orlando Motorsports Park (OMP) has redesigned the track, shortened the hours and agreed to build a higher wall -- all in an effort to win approval for a noise variance from Osceola County. Racing enthusiast Andy Bardar is no longer seeking a variance for...

  • Kissimmee City Council approves Park Square's new plan for Sonoma Resort

    Kissimmee City Council approves Park Square's new plan for Sonoma Resort

    For the second time this year, Park Square Homes is abandoning the vacation home business at one of its Kissimmee resort communities. The Kissimmee City Council voted Tuesday night to approve a new Planned Unit Development (PUD) and Developer Agreement with Park Square for Sonoma Resort in the...

  • 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...

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  • 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...

  • 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,...

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  • 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...

  • 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."...

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  • 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...

  • 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...

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  • 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...

  • 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...

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