Osceola County Developments

  • BRIDG and Siemens to announce new partnership at NeoCity

    BRIDG and Siemens to announce new partnership at NeoCity

    Osceola-based tech consortium BRIDG and software giant Siemens have scheduled a joint announcement next week of a new partnership and research collaboration at the NeoCity technology district.  BRIDG CEO Chester Kennedy and Rob Rudder, executive vice president of Siemens PLM Software, will release...

  • Schoolfield Properties sells Kissimmee mobile home lots for $1.7M

    Schoolfield Properties sells Kissimmee mobile home lots for $1.7M

    Kissimmee-based Schoolfield Properties is disposing of residential assets to focus on its core retail and office properties, and is starting with mobile home communities the company developed in the 1980s, a lead executive told GrowthSpotter. Cheryl Schoolfield said the company sold 30 lots in...

  • Food distributor buys Osceola property to resolve code violations for street parking

    Food distributor buys Osceola property to resolve code violations for street parking

    Food distribution giant McLane Suneast is expanding its Kissimmee facility to resolve an ongoing code enforcement case with Osceola County. McLane entered into a consent order last summer with the county after code enforcement officers repeatedly cited the company for allowing its tractor trailers...

  • Osceola planners look to Tapestry, Lake Nona for new development guidelines

    Osceola planners look to Tapestry, Lake Nona for new development guidelines

    Osceola County planners have toured neighborhoods in Horizon West, Tapestry and Lake Nona's Laureate Park to serve as inspiration for a Land Development Code update that would raise the quality of the county's new housing stock. Planning and Design Director Kerry Godwin told GrowthSpotter the LDC...

  • Osceola School District picks Little to design STEM high school in NeoCity

    Osceola School District picks Little to design STEM high school in NeoCity

    The School District of Osceola County has tapped Little Diversified to bring its expertise in energy-efficient and net-zero design to the new STEM high school on the NeoCity campus. The school board is expected to award the $904,697 contract on Tuesday. Little beat out two other firms that were...

  • Osceola County sets permit deadlines to avoid spike in mobility fees

    Osceola County sets permit deadlines to avoid spike in mobility fees

    Developers and builders have two months to submit their plans to Osceola County if they want to avoid paying higher mobility fees after May 1.  Community Development Administrator Dave Tomek released a policy determination on Tuesday that guarantees the county would honor the current fee rate for...

  • Walmart shadow center in Kissimmee sells for $3M+

    Walmart shadow center in Kissimmee sells for $3M+

    A Walmart Neighborhood Market-anchored shadow center at a key Kissimmee intersection sparked a bidding war when it hit the market in October, eventually closing Jan. 8 above list price.  Parkway Retail, a 10,000-square-foot multi-tenant retail space was built in 2016 and was fully leased. It's...

  • Richmond American Homes adds more lots in St. Cloud for entry-level product

    Richmond American Homes adds more lots in St. Cloud for entry-level product

    Richmond American Homes spent more than $8 million in late December to expand its lot inventory in St. Cloud. The homebuilder closed two acquisitions before year's end, Orlando Division President Ben Shoemaker told GrowthSpotter, paying $5 million for Phase 2 of the 198-lot Pinewood Gardens subdivision...

  • St. Cloud to rebuild and revitalize downtown's New York Avenue in 2018

    St. Cloud to rebuild and revitalize downtown's New York Avenue in 2018

    The city of St. Cloud will embark on a $3.7 million reconstruction of New York Avenue this year as the first phase of an ambitious redevelopment effort of the downtown core.  Planning and Zoning Director Andre Anderson told GrowthSpotter the project was already in development when the city launched...

  • Sun Terra sells Harmony town center retail and golf course for $7M

    Sun Terra sells Harmony town center retail and golf course for $7M

    Sun Terra Communities has divested of another swath of property in the Harmony master-planned community east of St. Cloud, selling the community's golf course, town center and undeveloped retail land for a combined $7 million. "It benefits us because we really want to focus on Harmony West and...

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  • Illinois developer planning mixed-use project on Westside corridor

    Illinois developer planning mixed-use project on Westside corridor

    Illinois developer Eli Steinhardt is planning a live-work community near ChampionsGate on Osceola County's Westside Boulevard corridor. The owner of Steinhardt Builders has applied to rezone 44 acres of Wheeler Farms' orange grove on the county line to Commercial Tourist zoning for the first phase...

  • 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,...

  • South Florida developer planning 451-home subdivision in St. Cloud

    South Florida developer planning 451-home subdivision in St. Cloud

    South Florida-based BBX Capital is in discussions with several local homebuilders for a 451-home subdivision next to Gramercy Farms in St. Cloud. BBX won approval this month from the St. Cloud City Council for its Preliminary Subdivision Plan for the "Old Hickory" Planned Unit Development (PUD)....

  • Kissimmee broker buys 22 acres near Poinciana SunRail station

    Kissimmee broker buys 22 acres near Poinciana SunRail station

    Kissimmee real estate broker Thomas Chalifoux acquired 22 acres of vacant land this week at a major intersection a quarter mile from the new Poinciana SunRail station.  Chalifoux, founding broker of Sunray Management Group, paid $1.85 million for the land at the southwest corner of Orange Blossom...

  • RIDA adding more retail space at downtown ChampionsGate

    RIDA adding more retail space at downtown ChampionsGate

    Downtown ChampionsGate could be getting an artisan bakery among its new retail offerings in 2018. RIDA Development Corp. plans to break ground in January on a 9,400-square-foot multi-tenant retail building, bringing the total amount of retail space in front of The Gate apartments to 24,000 square...

  • 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...

  • AV Homes finalizing TOD project next to Poinciana SunRail station

    AV Homes finalizing TOD project next to Poinciana SunRail station

    AV Homes is reworking its plan for a new Transit-Oriented Development (TOD) just north of the Poinciana SunRail station.  Division President Ken Thirtyacre told GrowthSpotter the homebuilder has eliminated up to 400 apartment units that were entitled in the original 82-acre Planned Development...

  • Orlando engineer plans new flex industrial space in St. Cloud business park

    Orlando engineer plans new flex industrial space in St. Cloud business park

    A family investment group has purchased two lots in a St. Cloud industrial park and filed construction plans last week for 28,032 square feet of flex warehouse space there. The company, 4A Development Group LLC, is led by Andy Arvelo and Jose A. Arvelo, president of Professional Engineering Management...

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  • 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 considers school impact hikes while exempting vacation homes

    Osceola considers school impact hikes while exempting vacation homes

    Osceola County's School Board has opted to wait until Jan. 16 to vote on a new school impact fee ordinance to recommend to county commissioners for 2018. The board held a workshop on Tuesday to review the changes, which will have a significant impact on new development throughout the county. Vacation...

  • St. Cloud developer sells Narcoossee Road office bldg, focuses on adjacent land

    St. Cloud developer sells Narcoossee Road office bldg, focuses on adjacent land

    St. Cloud builder/developer Lazaro Rodriguez of SPC Homes has sold a two-story commercial building at the corner of Narcoossee and Rummell roads in St. Cloud to focus on developing the 11.5 acres next-door. Rodrguez had purchased the 13,700-square foot building in 2013 and moved his corporate offices...

  • Local investment group scoops up 46 acres at ChampionsGate interchange

    Local investment group scoops up 46 acres at ChampionsGate interchange

    Real estate attorney Joe Ort leads a group of investors who paid $2.73 million in late November for 46 acres in the heart of the ChampionsGate-Reunion submarket, just southeast of the Interstate 4 interchange. "We think it's in a good location, and we're looking at a lot of different options,"...

  • Road design for Celebration Island Village hits snag with county planners

    Road design for Celebration Island Village hits snag with county planners

    Osceola County staff went back and forth for nearly an hour Wednesday with officials from Mattamy Homes and its consulting engineer to try to resolve differences on their design plans for the Celebration Boulevard extension.  Mattamy, which inked a deal this year with Disney's Celebration Company...

  • Road access could stall new hotel at ChampionsGate interchange

    Road access could stall new hotel at ChampionsGate interchange

    The longtime owners of a 9.3-acre parcel set between Interstate 4 and ChampionsGate want to develop a hotel there, but must find a way to address concerns by county staff about road access to the site. Real estate broker Sean Fullerton and Peter Pensa with AVID Group met with Osceola County planners...

  • Titan Land seeking $11M in tax-free bonds for Osceola affordable housing

    Titan Land seeking $11M in tax-free bonds for Osceola affordable housing

    Kissimmee-based developer Titan Land Company is seeking $11 million in tax-exempt bonds for 120 units of affordable senior housing near Valencia College's new Poinciana campus.  The Florida Housing Finance Corporation is scheduled to hold a public hearing, known as a TEFRA hearing, on Dec. 19 in...

  • 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...

  • Former NFL Rookie of the Year buys 10-bedroom mansion in Reunion

    Former NFL Rookie of the Year buys 10-bedroom mansion in Reunion

    Former NFL quarterback Robert Griffin III, a one-time rookie sensation and Heisman Trophy winner, will be moving into a palatial 10-bedroom estate in Reunion Resort.  The 2012 first round pick of the Washington Redskins paid $2.85 million this week for a 13,000-square-foot mansion in the 1200 block...

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  • 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...

  • Osceola County could double mobility fees and require earlier payment

    Osceola County could double mobility fees and require earlier payment

    Osceola County Commissioners could strike another blow to the local homebuilding industry next year as the county looks at potentially doubling mobility fees and forcing builders to carry those costs for months. Commissioners this week directed county transportation staff to bring back an ordinance...

  • CalAtlantic and Pulte buy out next phase of Whaley's Creek in St. Cloud

    CalAtlantic and Pulte buy out next phase of Whaley's Creek in St. Cloud

    Pulte Homes and CalAtlantic Group paid $4.46 million last week for the third phase of Whaley's Creek, a subdivision in St. Cloud where both builders are actively selling homes now. Developer and land banker Sun Terra Communities sold a 50 percent interest to each builder for Phase 3 of the 499-home...

  • 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...

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  • 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...

  • 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...

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  • 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...

  • 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....

  • Motorsports Park developer withdraws noise variance before Osceola board vote

    Motorsports Park developer withdraws noise variance before Osceola board vote

    The developer of the proposed Orlando Motorsports Park withdrew his noise variance application late Tuesday night when it became clear Osceola County's Board of Adjustment was about to vote against it. Before the five-hour meeting, Developer Andy Bardar said Tuesday's vote could be the beginning...

  • Orlando developers pay $13M for East Narcoossee land slated for 640 homes

    Orlando developers pay $13M for East Narcoossee land slated for 640 homes

    A group of investors in Orlando and South Florida have paid $12.6 million for land in Osceola County's East Narcoossee area that's slated for a 640-home subdivision. Orlando developer Bob Zlatkiss is one of four partners in the affiliate company WCFM Nona LLC, which acquired the 163.5 acres that...

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  • Osceola County deliberating how to implement new stormwater fee

    Osceola County deliberating how to implement new stormwater fee

    Business owners in Osceola County will likely end up paying hundreds, if not thousands, of dollars each year as the county looks to implement a new stormwater fee.  It's unclear when it will happen, how much it will cost, or even how it would be charged. But one thing is certain: every property...

  • Kissimmee hotel on W192 to reopen under Ascend Collection by Choice Hotels flag

    Kissimmee hotel on W192 to reopen under Ascend Collection by Choice Hotels flag

    A California-based hotelier paid $5.75 million last week for a long-shuttered W192 hotel, and plans to reopen in December under the Choice Hotels boutique flag Ascend Collection. New owner Hari Johl told GrowthSpotter the former Royal Celebration Inn at 4944 W. Irlo Bronson Memorial Highway would...

  • Developer readies master plan for 150-acre Kissimmee horizontal resort (w/video)

    Developer readies master plan for 150-acre Kissimmee horizontal resort (w/video)

    International real estate investment firm GAOK Invest has released the first renderings and video of its planned 1,462-key luxury condo hotel resort Breeze de Mar, as it awaits Comprehensive Plan amendment approval in November.  "What's different about this project, from the very beginning, is...

  • Kettler exec shares details & imagery on $75M Celebration apartment complex

    Kettler exec shares details & imagery on $75M Celebration apartment complex

    Washington, D.C.-based developer Kettler is on track to break ground early next year on its first entry into the Florida market: a $75 million Class A apartment complex in Celebration, the project manager told GrowthSpotter on Tuesday. Kevin Peterkin, director of multifamily development for Kettler,...

  • 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...

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  • 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...

  • 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...

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  • 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...

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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...

  • 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...

  • 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...

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