Osceola County Developments

  • 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...

  • 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...

  • Sun Terra sells off Harmony East land to Deseret Ranch for $9.9M

    Sun Terra sells off Harmony East land to Deseret Ranch for $9.9M

    Less than two months after Sun Terra Communities paid $24 million for the Harmony community in east Osceola County, the developer has parted with 4,236 acres that were entitled for thousands of home sites. Sun Terra bought the 11,000-acre development from Starwood Land Ventures in September and...

  • St. Cloud Council wants to mirror Osceola's development moratorium

    St. Cloud Council wants to mirror Osceola's development moratorium

    St. Cloud's City Council has directed the city attorney to draft a development moratorium mirroring restrictions outlined in an ordinance enacted by Osceola County earlier this week. St. Cloud Mayor Nathan Blackwell spoke in favor of the county's moratorium during the Nov. 6 public hearing. He...

  • Osceola considers pilot study for autonomous shuttles on W192 corridor

    Osceola considers pilot study for autonomous shuttles on W192 corridor

    Osceola County and MetroPlan Orlando are considering introducing autonomous shuttles as a transit solution for the congested W192 tourist corridor. The 17-mile corridor had been targeted for a Bus Rapid Transit (BRT) expansion, and MetroPlan has allocated $1.3 million to start the preliminary design...

  • W192 design themes starting to emerge for Old Town, Margaritaville districts

    W192 design themes starting to emerge for Old Town, Margaritaville districts

    Even Margaritaville's consultant wants to avoid any kind of "beach bar" theming on the W192 corridor in front of the new $750 million resort. A team from GAI Consultants met Wednesday with stakeholders from three subdistricts on the tourism corridor to get feedback and direction as they begin to...

  • Osceola terminates negotiations with Skanska USA for NeoCity office bldg

    Osceola terminates negotiations with Skanska USA for NeoCity office bldg

    Osceola County will turn to its second choice after failing to agree to contract terms with Skanska USA to build the first office building at NeoCity. Commissioners voted Monday to terminate negotiations with Skanska and begin discussions with the selection committee's second-ranked firm, Moss...

  • Osceola Commissioners enact 6-month moratorium on new development

    Osceola Commissioners enact 6-month moratorium on new development

    A divided Osceola Board of Commissioners voted 3-2 on Monday to enact a controversial six-month moratorium on new residential subdivisions. The ordinance stops all approvals for Comprehensive Plan amendments and rezoning applications in huge swaths of the county's urban growth area. Commissioners...

  • Osceola County seeking LOIs for real estate brokerage and leasing services

    Osceola County seeking LOIs for real estate brokerage and leasing services

    Osceola County is seeking Letters of Interest (LOI) for real estate brokerage and property management services on a county-wide continuing contract, according to an RFLOI issued on Sunday. Procurement Director Rebecca Jones said this contract would not entail the marketing or leasing of properties...

  • Osceola's proposed school impact fees could spell 'disaster' for new apartments

    Osceola's proposed school impact fees could spell 'disaster' for new apartments

    Osceola County school officials are working on a major rewrite of the district's School Impact Fees that could have widespread effects on development countywide, with some types of projects to pay double their current fee and others to reap huge savings. Sarah Graber, chief financial officer for...

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  • 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,...

  • Orlando developer eyes mixed-use on 35 acres south of Reunion Resort

    Orlando developer eyes mixed-use on 35 acres south of Reunion Resort

    Orlando-based K4 Investments is eyeing a 34.6-acre assemblage on C.R. 532 in Osceola County for mixed-use development just southeast of Reunion Resort, which could introduce some much needed office space to the Four Corners market. K4 President Tony Kostantinidis currently owns a 12.5-acre parcel...

  • Osceola to exempt CRE & affordable housing in planned moratorium

    Osceola to exempt CRE & affordable housing in planned moratorium

    Osceola County Manager Don Fisher said new construction in the county wouldn't grind to a halt for the next six months if commissioners pass a controversial six-month moratorium scheduled for a vote Nov. 6.  But it would force local developers and homebuilders to take a much needed pause, he told GrowthSpotter. And...

  • 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...

  • Osceola County planning for hotels and parking garages at Heritage Park

    Osceola County planning for hotels and parking garages at Heritage Park

    Osceola County's top planners are drafting a new master plan for Osceola Heritage Park that could include a massive new parking garage and hotel pads on E192 across from NeoCity, and prompt more land acquisition. "We're looking at doing structured parking for 1,800 to 2,000 spaces," Community Development...

  • 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,...

  • Mattamy continues building spree with Osceola's 785-acre Tohoqua development

    Mattamy continues building spree with Osceola's 785-acre Tohoqua development

    Mattamy Homes opened 2017 with its largest ever land buy in Orlando, and it's ending the year with two major acquisitions in Osceola County: Celebration Island Village and, now, Tohoqua. The Canada-based homebuilder has inked a deal with developer Bob Secrist and Tohoqua Development Group to be...

  • Reunion developer introduces new condo hotel plan at golf resort

    Reunion developer introduces new condo hotel plan at golf resort

    The master developer of Reunion Resort appears to have scrapped plans for a 300-room conference hotel at the resort in Osceola County in favor of a new pedestrian-friendly condo development. Encore Capital Management filed a new Preliminary Subdivision Plan (PSP) for the 46 acres that span both...

  • 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...

  • Osceola County negotiating land swap for future expansion of Heritage Park

    Osceola County negotiating land swap for future expansion of Heritage Park

    Osceola County is set to spend $3.48 million of tourist development tax money to buy a retail strip center at the back entrance of Osceola Heritage Park for future expansion of the venue. County Commissioners approved the purchase contract on Oct. 16 for the property at 1912 Fortune Road. Built...

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  • Lennar puts down stake in Narcoossee corridor with $1.7M lot takedown

    Lennar puts down stake in Narcoossee corridor with $1.7M lot takedown

    Lennar Homes paid $1.68 million this week to put down stakes in St. Cloud's booming Narcoossee corridor. The homebuilder purchased 24 lots in Preserve at Turtle Creek, a 268-lot subdivision on Narcoossee Road just north of U.S. 192 in St. Cloud. "It's a small position, but we really like the project,"...

  • New York family pays nearly $30M for trophy retail plaza in Celebration

    New York family pays nearly $30M for trophy retail plaza in Celebration

    New York-based Ben Hur Investments paid $29.5 million within the past week for Shoppes at Celebration Place, a popular dining hub across from Disney's corporate offices. The purchase price included the firm's assumption of a $17.4 million balance of the developer's construction loan. The seller...

  • Kissimmee motel seen on Travel Channel's 'Hotel Impossible' sells for $1.7M

    Kissimmee motel seen on Travel Channel's 'Hotel Impossible' sells for $1.7M

    The Sevilla Inn, featured on the Travel Channel's "Hotel Impossible" in 2013, has sold for the second time since the show aired. An investment vehicle of Kissimmee resident Guo Zhong Li paid $1.68 million this week for the 50-room motel, made famous locally for the unforgettable "bedbug" episode...

  • St. Cloud developer to build $1M med office, seeks more value-add property

    St. Cloud developer to build $1M med office, seeks more value-add property

    Colosseum Properties will break ground this month on a new 5,000-square-foot medical office building across from St. Cloud Regional Medical Center. Colosseum President James Mangan paid $75,000 in 2015 for the half-acre at the corner of Budinger Avenue and 15th Street.  "I purchased it as a distressed...

  • Osceola Commissioners considering 6-month moratorium on new development

    Osceola Commissioners considering 6-month moratorium on new development

    Saying they're fed up with cookie-cutter subdivisions and poor quality construction, Osceola County commissioners are on the verge of passing a six month moratorium on new development and rezonings. By a 4-1 vote Monday night, commissioners directed county staff to bring an ordinance to their Nov....

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  • Kissimmee land next to proposed motor sports park sells for $605k at auction

    Kissimmee land next to proposed motor sports park sells for $605k at auction

    A vacant 40-acre parcel in Kissimmee next to the proposed Orlando Motorsports Park (OMP) drew only two bidders Thursday at auction, eventually selling for $605,000. "That's $550,000 for the land, plus a 10 percent premium," auctioneer Lamar Fisher told GrowthSpotter on Thursday. "Everybody has...

  • 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...

  • Sun Terra buys balance of Starwood's 11,000-acre Harmony project for $24M

    Sun Terra buys balance of Starwood's 11,000-acre Harmony project for $24M

    Oviedo-based Sun Terra Communities will take over as master developer of Harmony -- a neo-traditional golf course community spanning 11,000 acres on Osceola County's E192 corridor -- after buying all of the remaining assets from Starwood Land Ventures. Sun Terra principal Richard Jerman told GrowthSpotter his...

  • Disney reaches deal with Mattamy Homes for Celebration Island Village

    Disney reaches deal with Mattamy Homes for Celebration Island Village

    The Celebration Company has agreed to sell the fifth and final residential village of the Disney master-planned community to Mattamy Homes. Alex Martin, Orlando Division president for the Canada-based homebuilder, told GrowthSpotter that Mattamy would purchase the 350-acre Celebration Island Village...

  • Feasibility studies for four new Osceola toll roads at midway point

    Feasibility studies for four new Osceola toll roads at midway point

    The Central Florida Expressway Authority is about six months away from deciding whether to build any of the four future toll roads planned for Osceola County's Southern Beltway. Back in April, CFX hired four local engineering firms to reevaluate the studies that had previously been done for the...

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  • County noise consultant recommends denial of variance for Motorsports Park on W192

    County noise consultant recommends denial of variance for Motorsports Park on W192

    An acoustical engineer hired by Osceola County to evaluate the noise variance request from the developer of Orlando Motorsports Park (OMP) said the project's current design doesn't adequately buffer noise from the surrounding neighborhoods, and should be denied. Senior Zoning Specialist Amy Templeton...

  • 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,...

  • Dunkin Donuts-anchored Kissimmee retail strip on W192 sells for $2.45M

    Dunkin Donuts-anchored Kissimmee retail strip on W192 sells for $2.45M

    Port Orange-based real estate investor and hotelier B.P. Sodhi has sold a 17,000-square-foot retail strip on Kissimmee's W192 tourism corridor for $2.45M. Sodhi, president of Eagles Hospitality, owns several hotels and retail centers in the Orlando and Daytona Beach markets. He bought the Dunkin'...

  • 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...

  • AD1 pays $13M for second hotel in Kissimmee tourism corridor

    AD1 pays $13M for second hotel in Kissimmee tourism corridor

    Hollywood-based hotel owner-operator AD1 Global paid a recorded $12.9 million on Thursday for the 224-key Quality Suites Royale Parc Suites in Kissimmee, and will consider a flag change before making immediate PIP investments, a lead executive with the company told GrowthSpotter.  "We already have...

  • Pasco cattle ranchers pay $18.5M for 7,050-acre 4H Ranch in Osceola County

    Pasco cattle ranchers pay $18.5M for 7,050-acre 4H Ranch in Osceola County

    One of the Tampa Bay area's last standing cattle ranching families paid $18.5 million last week for the 7,050-acre 4H Ranch in south Osceola County. Bexley Ranch Land Trust sold nearly 7,000 acres of its land holdings along the Suncoast Parkway in Pasco County to California-based Newland Communities...

  • Margaritaville Resort draws growing mix of national retailers, restaurants

    Margaritaville Resort draws growing mix of national retailers, restaurants

    More than half of the new dining and retail space fronting Margaritaville Resort is now either leased or spoken for, according to LandQwest Commercial, the site's exclusive leasing agency. The 200,000-square-foot shopping, dining and entertainment complex on Kissimmee's W192 tourism corridor has...

  • 2000-acre mixed-use district planned between Narcoossee Road & Sunbridge

    2000-acre mixed-use district planned between Narcoossee Road & Sunbridge

    Pineloch Management Corp. has applied to annex the 2,000-acre Center Lake Ranch into the City of St. Cloud, and is seeking mixed-use zoning for the community of more than 3,000 homes. Pineloch Vice President Richard Gonzales told GrowthSpotter the development could still be years away, but the...

  • Orlando Motorsports Park developer looking for compromise on noise variance

    Orlando Motorsports Park developer looking for compromise on noise variance

    Orlando Motorsports Park (OMP) developer Andy Bardar said he wants to work with Osceola County's staff and its consultant to create a racing-themed tourist attraction that can co-exist with its neighbors. Bardar spoke Wednesday morning to the county's Development Review Committee, which advises...

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  • Illinois builder buys land on Westside Blvd corridor for vacation home resort

    Illinois builder buys land on Westside Blvd corridor for vacation home resort

    An Illinois-based homebuilder closed this week on the purchase of 60 acres on the Westside Boulevard corridor, directly across from a future expansion of Lennar's ChampionsGate Country Club. Eli Steinhardt, owner of Steinhardt Builders, told GrowthSpotter earlier this summer that Orlando has been...

  • Motorsports park planned on W192 faces neighbor scrutiny over noise variance

    Motorsports park planned on W192 faces neighbor scrutiny over noise variance

    CLC Encantada Resort plans to hire its own sound engineer to conduct an independent noise study of the proposed Orlando Motorsports Park in an effort to quash the developer's proposed Noise Variance, the resort's attorney said on Tuesday. "We've got a lot of concerns about this and whether it's...

  • 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...

  • AV Homes prepping for new subdivision at entrance to Poinciana Parkway

    AV Homes prepping for new subdivision at entrance to Poinciana Parkway

    AV Homes has filed preliminary plans to build a 406-lot subdivision at the Marigold Avenue entrance to Poinciana Parkway. Anthony Iorio, vice president of development for AV Homes, met last week with Osceola County's Development Review Committee to discuss some staff concerns over the proposed...

  • 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...

  • Valencia College seeks CMAR for new building on Osceola campus

    Valencia College seeks CMAR for new building on Osceola campus

    Valencia College wants to hire a Construction Manager at Risk (CMAR) to help build the new Center for Accelerated Training (CAT) building on its Osceola campus, according to Request for Qualifications (RFQ) issued on Friday. The new CAT building will be located on the northeastern side of the campus...

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  • 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...

  • Hearing on Osceola motorsports park noise variance slated for September

    Hearing on Osceola motorsports park noise variance slated for September

    The noise variance being sought by the developer of Orlando Motorsports Park (OMP) would allow for noises from the auto-racing attraction to reach as high as 90 decibels. That's comparable to the sound of a pneumatic drill from 50 feet away or a commercial grain dryer, according to sound specialists...

  • Grocery-anchored retail plaza in St. Cloud sold for second time in two years

    Grocery-anchored retail plaza in St. Cloud sold for second time in two years

    Kissimmee-based Schoolfield Properties sold the WinnDixie-anchored St. Cloud Plaza last week for $6.4 million, but has retained outparcels and is close to expanding its land holdings in the immediate area.  The sale closed less than two years after Schoolfield purchased the 58,000-square-foot shopping...

  • Developers cry foul over St. Cloud utility agreement demands

    Developers cry foul over St. Cloud utility agreement demands

    A handful of Osceola County developers are pushing back against the city of St. Cloud for what they say are unreasonable demands from the city's utility department that are driving up the cost of new home construction. At issue is a growing list of conditions the city's utility department is placing...

  • Osceola hires Perkins+Will to design NeoCity entrance and streetscape

    Osceola hires Perkins+Will to design NeoCity entrance and streetscape

    Osceola County Commissioners were so impressed with the design sketches from Perkins+Will in the NeoCity master plan they've hired the firm to design main entrances and streetscape for the tech campus. The Austin-based firm presented the Master Plan (MP) for the 500-acre tech campus, including...

  • 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...

  • Osceola staff picks SchenkelShultz to design first NeoCity office building

    Osceola staff picks SchenkelShultz to design first NeoCity office building

    SchenkelShultz leveraged its prior work and knowledge of the NeoCity project to earn the nod on Monday -- for a second time -- to design the first office building at the campus. The architecture firm had already spent four months in preliminary design work for the 100,000-square-foot building when...

  • Disney closing in on new buyer for Celebration Island Village

    Disney closing in on new buyer for Celebration Island Village

    The Celebration Company (TCC) has a buyer lined up for Island Village, the fifth and final residential village in Disney's master-planned community. The Disney subsidiary began actively marketing the 340-acre site with CBRE in Fall 2016. Located south of the World Drive interchange, Island Village...

  • Margaritaville Resort breaks ground on $90M Kissimmee hotel

    Margaritaville Resort breaks ground on $90M Kissimmee hotel

    Margaritaville officials raised a glass Thursday morning with tourism representatives from the Orlando region as they officially broke ground on the new 187-room Kissimmee hotel. The new hotel is the centerpiece of the company's $750 million resort that has been called a game-changer for Osceola...

  • 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...

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  • 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...

  • Elevation Development eyeing Osceola site for latest residential project

    Elevation Development eyeing Osceola site for latest residential project

    Orlando-based Elevation Development is eyeing 120 acres west of Lake Tohopekaliga in Osceola County for its latest residential development. Elevation Principal Shaman Foradi met earlier this week with county planners to discuss issues related to access and zoning for the property, which is currently...

  • 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...

  • Osceola DRC approves Tavistock's Sunbridge Phase 1 concept plan

    Osceola DRC approves Tavistock's Sunbridge Phase 1 concept plan

    Osceola County's Development Review Committee approved a revised Concept Plan by Tavistock Development Company on Wednesday morning for a 2,700-acre first phase of Sunbridge. The new plan incorporates some changes from the developer's original plan that were requested by county staff. Tavistock...

  • Architects to interview for chance to design first NeoCity office building

    Architects to interview for chance to design first NeoCity office building

    Three architecture firms will have a chance on July 31 to convince Osceola County officials they have the creative vision to design an office building at NeoCity that will help attract global business leaders to the emerging tech district. Located next door to the Florida Advanced Manufacturing...

  • 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...

  • K. Hovnanian buys Phase 2 of subdivision on Osceola's Westside corridor

    K. Hovnanian buys Phase 2 of subdivision on Osceola's Westside corridor

    K. Hovnanian Homes added more land to its growing Central Florida portfolio last Friday.  The New Jersey-based homebuilder paid $4.9 million for Phase 2 of Magnolia at Westside, a 246-home subdivision in Four Corners near the intersection of Westside Boulevard and Florence Villa Grove Road. Division...

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  • 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...

  • D.R. Horton expands holdings in St. Cloud, buys Canopy Walk subdivision

    D.R. Horton expands holdings in St. Cloud, buys Canopy Walk subdivision

    Homebuilder D.R. Horton paid $9 million last week to add another St. Cloud residential project to its portfolio. Located just east of the U.S. 192 - Narcoossee Road intersection, Canopy Walk is approved for 193 lots in Phase 1. Boca Raton-based Home Dynamics had completed 119 lots when D.R. Horton...

  • Hanover Capital Partners launching new homebuilding division

    Hanover Capital Partners launching new homebuilding division

    With its litigation over Hanover Lakes in Osceola County now resolved, Hanover Capital Partners executives told GrowthSpotter the 543-home boating community will be a key component in the launch of the company's new homebuilding division: Hanover Family Builders. "We're happy to put it in the past...

  • Osceola County settles lawsuit with developer over Hanover Lakes project

    Osceola County settles lawsuit with developer over Hanover Lakes project

    Osceola County Commissioners this week unanimously approved a settlement with the developer of Hanover Lakes that allows the 543-home boating community on Alligator Lake to proceed without delay. The vote came Monday, less than two months after the principals of Hanover Capital Partners sued the...

  • 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...

  • NeoCity development schedule

    NeoCity development schedule

    The NeoCity master plan projects that the district will develop from east to west. Consultants from Perkins+Will said the value of waterfront real estate on the east side will soar over time, and they recommend the county hold onto it for now.

  • K. Hovnanian buys more lots in St. Cloud's Narcoossee Road subdivision

    K. Hovnanian buys more lots in St. Cloud's Narcoossee Road subdivision

    Luxury homebuilder K. Hovnanian paid $3.86 million last week for its second major takedown of finished lots in the Preserve at Turtle Creek.  The New Jersey-based builder had previously acquired 40 lots from developer David Shapiro in the community's Phase 2. The recent acquisition comprises 68...

  • New subdivision planned on former St. Cloud Airfield property

    New subdivision planned on former St. Cloud Airfield property

    The City of St. Cloud has annexed a former private airfield and approved a PUD zoning for a 355-home subdivision there. Winter Garden developer Mark Maciel has filed a Preliminary Subdivision Plan for the 143-acre parcel on Michigan Avenue, just south of St. Cloud High School. The PSP goes to City...

  • Lennar under contract for 30 acres next to ChampionsGate Country Club

    Lennar under contract for 30 acres next to ChampionsGate Country Club

    Lennar Homes has a purchase contract for 30 acres in the Four Corners area that would give its next phase of ChampionsGate Country Club direct access to the future Westside Boulevard extension. The contract, signed in early May, was filed with the South Florida Water Management District this week...

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  • 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...

  • NeoCity research park master plan

    NeoCity research park master plan

    Perkins+Will has completed an 18-month planning process to develop a master plan that regulates design, administration and uses in the 500 acre NeoCity research park.

  • Perkins+Will to present NeoCity master plan to Osceola commissioners

    Perkins+Will to present NeoCity master plan to Osceola commissioners

    After 18 months and study and refinement, Perkins+Will  is set to present the NeoCity master plan to Osceola County Commissioners on July 10.  The 186-page document presents a vision for the nearly 500-acre technology district that is full of color, economic vitality and public activity. It sets...

  • 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...

  • St. Cloud envisions revitalized downtown and lakefront with master plan update

    St. Cloud envisions revitalized downtown and lakefront with master plan update

    St. Cloud leaders want to catch a bit of the magic that has brought about a downtown resurgence in places like Sanford and Winter Garden, hiring the GAI Consultants team that helped spark a revitalization of those communities and are now well into a city-wide master planning process they're calling...

  • St. Cloud Regional Medical Center planning Emergency Department expansion

    St. Cloud Regional Medical Center planning Emergency Department expansion

    St. Cloud Regional Medical Center is now the third major hospital in Osceola County to embark on a major expansion this year. The hospital filed a Site Development Plan (SDP) with the city of St. Cloud and went before the Development Review Committee last week for a plan to expand and renovate...

  • D.R. Horton buys proposed 95-lot subdivision on Boggy Creek Road

    D.R. Horton buys proposed 95-lot subdivision on Boggy Creek Road

    Homebuilder D.R. Horton paid $2.7 million last week for a 19-acre assemblage on Boggy Creek Road just south of the Orange County line. GrowthSpotter reported in January that Floriday Properties had contracts to buy the 5 parcels, which lie just south of the Orlando International Airport's Poitras...

  • 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....

  • Nuvo Development building Art Deco-inspired self storage in Celebration

    Nuvo Development building Art Deco-inspired self storage in Celebration

    Winter Park's Nuvo Development is about to pull permits on what may be the loveliest self-storage facility in all of Central Florida. The company paid nearly $2.6 million last week for a 1.7-acre commercial lot on Celebration Boulevard, near the World Drive interchange. The company is partnering...

  • 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...

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