Osceola County 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...

  • Pinnacle Housing eyes site near ChampionsGate for apts & townhomes

    Pinnacle Housing eyes site near ChampionsGate for apts & townhomes

    Miami-based multifamily developer Pinnacle Housing Group has 39 acres under contract next to the ChampionsGate Country Club golf course, and is planning a mix of apartments and fee-simple townhomes on the site. Pinnacle specializes in developing affordable workforce and senior housing, but Regional...

  • Zoning, noise issues could thwart potential UTV attraction on W192

    Zoning, noise issues could thwart potential UTV attraction on W192

    A father and son investment team got a quick lesson Wednesday on Osceola County's noise ordinance when they met with the Development Review Committee about a possible UTV course on Kissimmee's W192 tourism corridor. Utility Terrain Vehicles, also called side-by-side vehicles, can carry anywhere...

  • Osceola delays vote on solar mandate for new home construction

    Osceola delays vote on solar mandate for new home construction

    Osceola County Commissioners have postponed a vote on new energy efficiency building policy that would mandate installation of solar panels on all new homes and major residential remodels. County spokesman Mark Pino told GrowthSpotter the item was pulled from next Monday's meeting agenda. This...

  • Fuqua refreshes master plan w/new detail for 677 acres on Osceola's Lake Toho

    Fuqua refreshes master plan w/new detail for 677 acres on Osceola's Lake Toho

    Veteran Orlando developer Jeff Fuqua has filed a revised and more detailed conceptual master plan (CP) for Fontana Lakes, an approved 677-acre mixed-use marina development on Lake Tohopekaliga.   The concept plan represents the first new filing for the project since 2015. But Fuqua, president of...

  • 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...

  • Osceola Commissioners approve $2.2M land buy for OHP expansion

    Osceola Commissioners approve $2.2M land buy for OHP expansion

    Osceola County Commissioners bought another key parcel for the future expansion of Osceola Heritage Park, voting Monday to pay $2.2 million for an 11-unit rental community on Fortune Road.  The Keston Park complex consists of two three-bedroom/two-bath units and nine five-bedroom/three-bath units....

  • 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...

  • Dubai-funded farming company buys Osceola's El Maximo ranch for $136.5M

    Dubai-funded farming company buys Osceola's El Maximo ranch for $136.5M

    Once one of Florida's iconic ranching dynasties, the Latt Maxcy Corporation has sold the balance of its Osceola County land holdings -- 38,453 acres -- to a global agribusiness firm and the government of Dubai for $136.5 million. "We are a fully integrated farming company," Optimum Agriculture CEO...

  • Pineloch Management regrouping after shocking vote on Center Lake annexation

    Pineloch Management regrouping after shocking vote on Center Lake annexation

    Orlando-based Pineloch Management Corp. is still trying to regroup weeks after the St. Cloud City Council voted 3-2 against annexing its 2,016-acre Center Lake Ranch mixed-use project. The ranch property, just east of Narcoossee Road, is an approved Development of Regional Impact (DRI) with entitlements...

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  • Movie-themed vacation home on Reunion golf course sells for $1.6M

    Movie-themed vacation home on Reunion golf course sells for $1.6M

    A palatial, movie-themed vacation home overlooking Reunion's Jack Nicklaus golf course sold for $1.6 million recently after just 11 days on the market. Listing broker Penny Stokes-Hilton said the sellers, David and Leslie Grimm of Dublin, Ohio, worked closely with Legacy Custom Built Homes and...

  • Vacation home company buys $1.5M office building on W192 for expansion

    Vacation home company buys $1.5M office building on W192 for expansion

    A Kissimmee-based vacation home management company in need of more space paid $1.52 million earlier this month for an office building on W192 at the signalized Lindfields Boulevard intersection. Florida Scandi currently manages about 350 vacation homes and other rental properties, managing partner...

  • Tavistock agrees to move Sunbridge utilities, preserve lands near Split Oak

    Tavistock agrees to move Sunbridge utilities, preserve lands near Split Oak

    Tavistock Development Company has made a costly concession, agreeing to relocate a new utility plant for Sunbridge in exchange for the full support of Osceola County Commissioners -- and environmental groups -- for a new toll road that clips the southwest corner of the Split Oak Forest. Tavistock...

  • St. Cloud adopts design guidelines for all non-residential development

    St. Cloud adopts design guidelines for all non-residential development

    New commercial buildings in St. Cloud will have to adhere to strict architectural standards as part of a land development code (LDC) update the City Council unanimously approved on Thursday. Similar guidelines could be extended to unincorporated Osceola County later this year.  The ordinance requires...

  • Celebration-based church buys 19-acre site in Reunion for new campus

    Celebration-based church buys 19-acre site in Reunion for new campus

    A non-denominational congregation that currently holds worship services at Celebration High School paid $3.1 million on Friday for land in nearby Reunion for its first church building. Lead Pastor Tim Ingram founded illuminate church in 2012 with 150 members, and the congregation has grown steadily...

  • Osceola planners want redesign of AV Homes community next to SunRail station

    Osceola planners want redesign of AV Homes community next to SunRail station

    AV Homes Division President Ken Thirtyacre had hoped to be under construction this summer at the company's new Solstice community by the time SunRail opened its Poinciana station in July. But Osceola County planners have sent the developer back to the drawing board, ordering a redesign of the Preliminary...

  • 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...

  • Developer ready to revive dormant Snow White Village apartment project

    Developer ready to revive dormant Snow White Village apartment project

    Representatives for The Jaymor Group met Wednesday with Osceola's Development Review Committee to discuss building a 304-unit apartment complex on the site of the former Snow White Village trailer park in Kissimmee's tourism corridor. Jaymor is based in Canada, and specializes in multifamily and...

  • 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...

  • Osceola Schools seeking architect for $30.7M middle school reconstruction

    Osceola Schools seeking architect for $30.7M middle school reconstruction

    Osceola County Schools is seeking an architectural and engineering firm for the $30.7 million reconstruction of St. Cloud Middle School. The district posted a Request for Qualifications (RFQ) this week for the project, the third school reconstruction in the last two years. Construction is already...

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  • Lennar files construction plans for ChampionsGate addition

    Lennar files construction plans for ChampionsGate addition

    Lennar expects to close in the next few months on the first of two major additions to ChampionsGate, a top executive told GrowthSpotter. The developer filed construction plans last week for a 30-acre site adjacent to the next phase of its ChampionsGate Country Club expansion on the north side of...

  • 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...

  • Pulte planning 550-lot subdivision in hot Four Corners market

    Pulte planning 550-lot subdivision in hot Four Corners market

    Pulte Homes is eyeing 151 acres on Sand Mine Road in Davenport for a new 550-lot subdivision. Chris Cleary, director of land acquisition for Pulte, has applied for a Level 1 review with Polk County's Development Review Committee later this month for the project. He indicated the community would...

  • 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...

  • 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...

  • Osceola County Schools seeking millions for surplus land in St. Cloud

    Osceola County Schools seeking millions for surplus land in St. Cloud

    The Osceola County School District has set a minimum price of nearly $3 million for 45 acres of surplus land across three sites it's selling in the fast-growing St. Cloud submarket. Two of the sites were donated to the district by developers in exchange for school impact fee credits, but the county's...

  • Lennar Homes eyeing another 156 acres next to ChampionsGate Country Club

    Lennar Homes eyeing another 156 acres next to ChampionsGate Country Club

    Lennar Homes could be adding more land to its vast holdings in the ChampionsGate area for another major expansion of the golf resort and vacation home community. The homebuilder and its development team are scheduled to meet with Osceola County's Development Review Committee next week to discuss...

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  • Reunion developer to launch new condo community, expand water park

    Reunion developer to launch new condo community, expand water park

    The master developer of Reunion Resort expects to break ground this summer on a modern new condominium resort sandwiched between the community golf course and original water park, a lead executive told GrowthSpotter. Neil Eisner, managing director of Encore Capital Management, confirmed the project...

  • Osceola extends deadline for new home permits to avoid mobility fee hike

    Osceola extends deadline for new home permits to avoid mobility fee hike

    Osceola County has extended the deadline to April 20 for homebuilders to file building permits and still avoid the 89 percent mobility fee hike. The new mobility fees go into effect May 1, raising the fees for a single-family home from $4,585 to $8,688. The county's planning staff had previously...

  • Disney Co. buys Class A office building in Celebration for $21.8M

    Disney Co. buys Class A office building in Celebration for $21.8M

    A Walt Disney Co. affiliate paid $21.8 million last week for a Class A Celebration office building primarily to fill a need for more of its own local office space, the seller told GrowthSpotter. "They were the largest tenant. They occupied 36 percent of the building," TerraCap Managing Partner...

  • Encore planning upscale retail and dining village in Reunion

    Encore planning upscale retail and dining village in Reunion

    Encore Capital Management is in the early planning stages for a new retail town center called Reunion Village at the Interstate 4 interchange, across from ChampionsGate. "We’re working on the I-4 piece," Managing Director Neil Eisner told GrowthSpotter on Wednesday. "We're looking to do high-end...

  • 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...

  • Beazer Homes pays $2M for land near future Osceola Parkway Extension

    Beazer Homes pays $2M for land near future Osceola Parkway Extension

    Beazer Homes has paid $2 million for two parcels totaling 36 acres on Boggy Creek Road in the Buena Ventura Lakes area, near the future Osceola Parkway Extension. The property was rezoned last year to Low Density Residential. The larger parcel is 34 acres and has an approved preliminary subdivision...

  • The Green Solution files plans for three medical marijuana dispensaries in Osceola

    The Green Solution files plans for three medical marijuana dispensaries in Osceola

    The Green Solution, which sued Osceola County for the right to open medical marijuana dispensaries here, has filed Site Development Plans for three locations that include a former Bob Evans restaurant on the W192 tourism corridor. Osceola Commissioners settled with the company on Feb. 20, agreeing...

  • Osceola commits $20M of tourist tax funding for new W192 sports complex

    Osceola commits $20M of tourist tax funding for new W192 sports complex

    Osceola County is teaming up with a private developer to build a $20 million sports complex on one of the largest undeveloped sites along the W192 tourism corridor. Commissioners are scheduled to vote Monday on a Development Agreement with LifeSports USA to build and operate a 60-acre sports complex...

  • 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...

  • ChampionsGate land owner launches environmental studies for planned hotel site

    ChampionsGate land owner launches environmental studies for planned hotel site

    The owner of a potential hotel site at the I-4 - ChampionsGate interchange has begun environmental studies as a prelude to marketing the site for sale. Four Corners-area broker Sean Fullerton told GrowthSpotter his client has hired Stillwater Environmental to conduct a formal wetlands review and...

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  • 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...

  • Osceola developers scramble to file building permits before mobility fee spike

    Osceola developers scramble to file building permits before mobility fee spike

    Margaritaville developer Encore Capital Management saved $1.1 million last week by filing building permits for the new Studio Movie Grill and Ford's Garage at SunsetWalk before Osceola County's new mobility fees take effect. Encore was one of several developers to file building permits before March...

  • Pulte buys lakefront land in St. Cloud approved for 329 homes

    Pulte buys lakefront land in St. Cloud approved for 329 homes

    Pulte Homes paid $6 million on Thursday for 127 acres just east of St. Cloud on the Alligator Chain of Lakes, with plans to start construction this year on a new 329-home subdivision. The homebuilder will pay an additional $6,079 to the seller at the sale of each completed home, which will bring...

  • South American CRE investor assembling lots on W192 in Four Corners

    South American CRE investor assembling lots on W192 in Four Corners

    Argentinian real estate investor Alejandro Atar has assembled 22.5 acres on the W192 tourism corridor in Four Corners and may be looking to add to his holdings. Atar, who maintains a U.S. office in Aventura, paid $1.375 million on Friday through affiliate 1020 Investment Group for a 14.3-acre parcel...

  • Land sale for new K-8 charter school in Poinciana precedes plan approval

    Land sale for new K-8 charter school in Poinciana precedes plan approval

    AV Homes subsidiary Avatar Properties this week sold a 7.45-acre parcel in the Poinciana area to a Utah-based charter school company that has pending plans for a new K-8 BridgePrep Academy. American Charter Development (ACD), a lender and developer that focuses exclusively in the charter school...

  • CFX study: new toll road would minimize impacts to Split Oak Forest

    CFX study: new toll road would minimize impacts to Split Oak Forest

    A new alignment for the controversial Osceola Parkway Extension that would reduce impacts to the Split Oak Forest is among proposals on the Central Florida Expressway Authority agenda Thursday.  The route shifts the roadway slightly west, through the heart of the undeveloped Lake Ajay property...

  • New York CRE firm planning huge self storage facility near Reunion Resort

    New York CRE firm planning huge self storage facility near Reunion Resort

    New York-based Island Estate Group has 14 acres near Reunion Resort under contract with plans to build one of the market's largest Class A self storage facilities. Partners Shawn Kruk and Kevin Rossi told GrowthSpotter they're in the due diligence period now for the property on C.R. 532, and have...

  • 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...

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  • Two developers amass 184 acres in Osceola's Westside after flurry of closings

    Two developers amass 184 acres in Osceola's Westside after flurry of closings

    Two developers now control 184 acres of vacant land in Osceola County's Westside tourism corridor after a flurry of concurrent closing this week totaling more than $10 million. Illinois homebuilder Eli Steinhardt paid $6.4 million for 104 acres of Wheeler Farms' orange groves, while at the same...

  • Tupperware prepping 20 acres near SunRail station for MF developer

    Tupperware prepping 20 acres near SunRail station for MF developer

    Tupperware Brands is preparing a 20-acre site at Orange Avenue and Osceola Parkway for up to 400 apartments in hopes of landing a multifamily developer, a company executive said on Thursday. The site is directly across from the new Orlando Health medical complex, and within walking distance of...

  • Reich Properties lands major tenant to kick off Phase 2 of Narcoossee center

    Reich Properties lands major tenant to kick off Phase 2 of Narcoossee center

    Reich Properties will break ground next month on the second phase of its nearly 30,000-square-foot Narcoossee Retail Center.  President John Reich told GrowthSpotter on Thursday that Nemours Children's Primary Care will open its 19th pediatric medical office in the 10,800-square-foot building....

  • 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...

  • Sun Terra redesigns next major phases of Osceola's Harmony community

    Sun Terra redesigns next major phases of Osceola's Harmony community

    Sun Terra Communities has filed new Preliminary Subdivision Plans for the next phases of Harmony, a sprawling golf community in east Osceola County with two private lakes and its own town center. The Oviedo-based land banker and developer bought the master-planned community last year from Starwood...

  • 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...

  • U-Haul buys Kissimmee W192 flea market site, plans self storage conversion

    U-Haul buys Kissimmee W192 flea market site, plans self storage conversion

    Tampa-based U-Haul Co. of Florida paid $6.5 million on Tuesday for one of the largest retail properties on Kissimmee's tourism corridor, with plans to convert the buildings into a self storage facility. The Main Gate West Flea Market, located at 8546 W. Irlo Bronson Memorial Highway, was built...

  • 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....

  • St. Cloud needs more planners, inspectors to keep up with building boom

    St. Cloud needs more planners, inspectors to keep up with building boom

    After rejecting a proposed moratorium on residential development, St. Cloud's City Council will consider a request from its planning department to add more staff. The City Council voted 3-2 on Feb. 9 against the six-month moratorium that would have largely mirrored a policy enacted by Osceola County....

  • Osceola hopes to fix bugs in new online permitting site this week

    Osceola hopes to fix bugs in new online permitting site this week

    When it's fully operational, Osceola County's new $2.1 million Accela online permitting software should make life more simple for developers, builders, inspectors and others who use the site to track development.  But last week's rollout has been described as "disastrous," and compared to the maiden...

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  • Bluerock RE pays $67.5M for Four Corners area Class-A apartments

    Bluerock RE pays $67.5M for Four Corners area Class-A apartments

    New York-based Bluerock Real Estate paid $67.5 million last week to acquire the Douglas Grand at Westside, a new Class A apartment complex just a mile from one of its other properties in the Four Corners submarket. "We like Orlando a lot because of the rapid job growth and population growth," Bluerock...

  • 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...

  • Tavistock strikes deal w/Toho Water to build new Sunbridge water plant in Osceola

    Tavistock strikes deal w/Toho Water to build new Sunbridge water plant in Osceola

    Tavistock Development Company will build a water treatment plant capable of producing 7 million gallons a day of drinking water for the Osceola County portion of Sunbridge. It's just one example of the unique scale of the 24,000-acre master-planned development -- a project so large the Florida...

  • 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,...

  • MI Homes to build 105-lot subdivision in St. Cloud's Canoe Creek corridor

    MI Homes to build 105-lot subdivision in St. Cloud's Canoe Creek corridor

    MI Homes paid $1.3 million last week for 26 acres in St. Cloud that the builder has led through permitting for a 105-lot subdivision. The site on Pine Tree Drive, east of Canoe Creek Road, was originally planned to be Phase 4 of the Covington Estates subdivision. MI Homes has renamed the project...

  • 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...

  • St. Cloud Council rejects 6-month moratorium on new development

    St. Cloud Council rejects 6-month moratorium on new development

    St. Cloud's City Council voted 3-2 Thursday night against implementing a six-month moratorium on new residential development that would have largely mirrored the Osceola County policy that went into effect in November.  The proposed ordinance would have stopped all approvals and processing for...

  • 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,...

  • Brazilian investors pay $29.4M+ for second largest hotel in Kissimmee submarket

    Brazilian investors pay $29.4M+ for second largest hotel in Kissimmee submarket

    A Brazilian hotel-focused private equity group paid more than $29.4 million on Friday for the Radisson Resort Orlando-Celebration at Kissimmee's W192 - Interstate 4 interchange, and recovered nearly the full investment that day by splitting off the land and selling it. The hotel will be converted...

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  • AV Homes first in Central FL to use virtual reality as sales tool

    AV Homes first in Central FL to use virtual reality as sales tool

    AV Homes is introducing a new tech solution to solve an old problem in real estate. As the homebuilder redesigns its entire product line, it will be months before models will be ready to show buyers the new, contemporary floorplans.  And when two or three model homes are built in a new community,...

  • 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...

  • Local developer sells Poinciana two-tenant retail building for $2.3M

    Local developer sells Poinciana two-tenant retail building for $2.3M

    Longtime Orlando real estate broker and developer Alan Charron has sold the second of three Walmart outparcels fronting on Poinciana's Cypress Parkway. Charron, founder of Real Property Specialists, sold a two-tenant retail building on the middle lot last week for $2.3 million. The 5,333-square-foot...

  • 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...

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  • 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...

  • 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...

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