Osceola County Developments

  • Washington D.C.-based Kettler eyes Florida market entry in Celebration

    Washington D.C.-based Kettler eyes Florida market entry in Celebration

    A Washington, D.C.-area developer that specializes in multifamily mixed-use projects is eyeing its Florida market entry via Celebration. Kettler has filed a conceptual plan for an 18.4-acre commercial parcel on Celebration Boulevard, right next to Adventist Health Sytem's new $20 million skilled...

  • Kissimmee hires CSL to fast-track performing arts center study

    Kissimmee hires CSL to fast-track performing arts center study

    The Kissimmee City Commission last week hired a leading Minneapolis-based consulting firm to conduct a rapid market study and feasibility report for a future performing arts center at the Kissimmee Civic Center. Convention, Sports & Leisure International (CSL) is the same firm that worked with...

  • More restaurants and apartments in the works for ChampionsGate

    More restaurants and apartments in the works for ChampionsGate

    The nation's largest Panera franchisee paid $1.3 million last week for one of the last undeveloped lots in ChampionsGate Village. Covelli Enterprises owns and operates 77 Panera Bread locations in Florida, including 32 in the Orlando area. The company acquired the lot next to Red Robin, which faces...

  • Osceola staff wants major changes to Tavistock Sunbridge plan

    Osceola staff wants major changes to Tavistock Sunbridge plan

    Osceola County's planning staff is pushing for a dramatic rewrite of the Phase 1 master plan for Tavistock Development Company's Sunbridge project. Entitlements consultant Richard Levey and other members of the Tavistock team had an hours-long meeting in April with the county's Development Review...

  • Homeless advocate buys Liberty Inn Motel on W192, embarks on full renovation

    Homeless advocate buys Liberty Inn Motel on W192, embarks on full renovation

    After more than two years of leasing the Liberty Inn Motel, homeless advocate George Valldejuli paid $1.45 million on Monday to buy the 40-year-old property. Valldejuli had been operating his nonprofit Home for the Homeless Foundation out of the 65-room motel, using it as transitional housing for...

  • George Chen interview

    George Chen interview

    Island Grove Winery owner George Chen offers a sneak peak during the Four Corners Bus Tour.

  • Four Corners Bus Tour highlights booming economy, challenges from rapid growth

    Four Corners Bus Tour highlights booming economy, challenges from rapid growth

    After taking a one-year hiatus, the Osceola Kissimmee Chamber's Four Corners Bus Tour led participants through a whirlwind of new developments on Wednesday in a rapidly growing submarket. "Today we're seeing things that we were only talking about two years ago on the last tour," Four Corners Area...

  • Tohoqua drone video May 2017

    Tohoqua drone video May 2017

    Horizontal construction is well underway on Phase 1 of Tohoqua in Osceola County. Model homes will be started before the end of the year.

  • Tohoqua to go vertical by the end of the year, STEM charter school added

    Tohoqua to go vertical by the end of the year, STEM charter school added

    Winter Park-based developer Bob Secrist has tweaked the Master Plan for his 785-acre Tohoqua project in Osceola County to capitalize on its proximity to NeoCity research park, envisioning a residential hub for high-tech workers.  "What sets us apart is the emphasis on education in this Master Plan,"...

  • Osceola razes W192 eyesore building after years of code violations

    Osceola razes W192 eyesore building after years of code violations

    Osceola County demolished an abandoned, former walk-in medical clinic on the W192 tourism corridor last week after dealing with years of code violations, and is considering what should come next for the property. The owners of the former clinic at 4721 W. Irlo Bronson Memorial Highway had racked...

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  • Brazilian group prepping Four Corners site for large multifamily project

    Brazilian group prepping Four Corners site for large multifamily project

    A Brazilian investment group led by engineer Odilon Monterio has applied to rezone a 20-acre parcel on the Westside Boulevard corridor for a new multifamily development. Monteiro is a veteran civil engineer in Sao Paulo and a lead executive with real estate-focused engineering firms Pozam Engenharia...

  • Bridge Investment Group buys Class A/B office buildings on Celebration Blvd

    Bridge Investment Group buys Class A/B office buildings on Celebration Blvd

    Affiliates of Salt Lake City-based Bridge Investment Group paid $30.25 million this week for four office buildings -- including Disney corporate offices -- on Celebration Boulevard. Celebration Office Center comprises a pair of two-story buildings, each totaling 83,000 square feet, and sits on...

  • Vacant W192 restaurant to be converted into culinary school & test kitchen

    Vacant W192 restaurant to be converted into culinary school & test kitchen

    The owner of a restaurant equipment supply company in New York plans to open a culinary school and test kitchen in Kissimmee this year, company executives told GrowthSpotter on Wednesday. W192 Development Authority Executive Director David Buchheit said he met Tuesday with owner Manuel Lebron and...

  • Upshot Capital has big plans for 28-acre site on E192 tech corridor

    Upshot Capital has big plans for 28-acre site on E192 tech corridor

    An Orlando real estate investment group is expected to close on the purchase of a 28-acre vacant commercial site on Kissimmee's E192 tech corridor in late June, and plans more than $55 million in mixed-use construction. Upshot Capital Advisors CEO Raul Socarras told GrowthSpotter he envisions a...

  • Royal Oak Homes buys Parkfield project in St. Cloud for $3.5M

    Royal Oak Homes buys Parkfield project in St. Cloud for $3.5M

    Tramell Webb Partners recently sold its interest in Parkfield, an approved 39-acre subdivision on Hickory Tree Road, to a division of Arizona-based AV Homes. Royal Oak Homes paid $3.48 million on April 19 for the 149-lot subdivision, according to a deed posted Monday in Osceola County.  Parkfield...

  • KB Home buys Phase 1 of 245-home subdivision on Westside Blvd corridor

    KB Home buys Phase 1 of 245-home subdivision on Westside Blvd corridor

    KB Home paid $3.2 million on Wednesday for Phase 1 of a 245-home approved subdivision on the Westside Boulevard corridor. Jim Reinert, vice president of land, told GrowthSpotter that KB will start horizontal construction immediately on the first 123 lots, and expects to open sales and start building...

  • Kissimmee shopping center at busy intersection sells for $5M

    Kissimmee shopping center at busy intersection sells for $5M

    An Orlando trucking business owner paid $5.075 million on Friday for 46,000 square feet of retail space at one of Kissimmee's busiest intersections. Vlado Ivetic, vice president of Ivetic Trucking, is the new owner of Pleasant Hill Center at the southwest corner of Pleasant Hill Road and John Young...

  • Osceola changes course on NeoCity office building, issues new RFPs

    Osceola changes course on NeoCity office building, issues new RFPs

    Osceola County Manager Don Fisher told GrowthSpotter on Wednesday the county has broken off negotiations with Tennessee-based Century HealthRealty (CHR), which had been chosen to develop the first office building at NeoCity. "They did nothing wrong," Fisher said. "We worked in good faith for several...

  • AV Homes files plans for 700 homes next to new Poinciana SunRail station

    AV Homes files plans for 700 homes next to new Poinciana SunRail station

    AV Homes is reworking a concept plan the developer filed recently for its new 82-acre, transit-oriented community just north of the new Poinciana SunRail Station. The plan calls for a maximum of 300 single-family and 400 multifamily residential units on the property that was part of the Poinciana Office...

  • Shopping center developer buys prime corner lot site near Reunion Resort

    Shopping center developer buys prime corner lot site near Reunion Resort

    A Chattanooga-based shopping center paid $1.2 million last week for a prime corner piece of the 15-acre Orlando Tree Trek Adventure Park. Adventure park owner Dave Lemieux told GrowthSpotter the park would remain open. "We didn't sell all our property, it's just a corner piece at the back of our...

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  • Delaware Hotel Group pays $2M for Motel 6 at Kissimmee Maingate

    Delaware Hotel Group pays $2M for Motel 6 at Kissimmee Maingate

    Delaware Hotel Group owner Mike Khatiwala has acquired his 20th hotel property and first in Florida with the purchase last week of the corporate-owned Motel 6 Kissimmee Maingate West for $2 million. The 147-room motel at 7455 W. Irlo Bronson Memorial Highway sits on 3.2 acres just west of Reedy...

  • Florida Hospital confirms plans for $80M patient tower at Celebration Health in 2019

    Florida Hospital confirms plans for $80M patient tower at Celebration Health in 2019

    Florida Hospital Celebration Health has confirmed plans to build a 156-bed expansion that would make it the largest hospital in Osceola County. Hospital Administrator Ken Bradley told GrowthSpotter on Monday the $80 million tower is projected to open in Winter 2019. "Florida Hospital is expanding...

  • Osceola's W192 board to focus spending around Margaritaville Resort

    Osceola's W192 board to focus spending around Margaritaville Resort

    Osceola's W192 Development Authority unanimously picked the Margaritaville Resort area as its highest priority segment on Wednesday, and will spend millions of dollars over the next few years to improve that stretch of the corridor. Executive Director David Buchheit said he would begin meeting...

  • Orlando Health to build ER & medical complex at Tupperware SunRail site

    Orlando Health to build ER & medical complex at Tupperware SunRail site

    Tupperware Brands and Orlando Health officials jointly announced plans for a new $32 million free-standing emergency room and medical pavilion on Osceola Parkway, across from the new Tupperware SunRail station that opens in 2018. "They want to be turning dirt by October," Tupperware Vice President...

  • St. Cloud set to annex new 276-acre assemblage for mixed-use project

    St. Cloud set to annex new 276-acre assemblage for mixed-use project

    The owners of 276 acres on the west side of Old Hickory Tree Road have applied for annexation to the city of St. Cloud, and are seeking Mixed-Use zoning for a 1,224-home community. The Roan Bridge assemblage consists of 17 parcels owned by members of the Jowers family and others. It's located just...

  • Tavistock plans new lake and marina village in Sunbridge, must clear DRC

    Tavistock plans new lake and marina village in Sunbridge, must clear DRC

    Tavistock Development Company plans to create a 42-acre man-made lake and marina as the centerpiece of its Osceola Sunbridge community. "We needed to come up with a big idea for placemaking," Tavistock consulting planner Richard Levey told GrowthSpotter. "So we created a marina village with its...

  • Local tech CEO buys new class A medical office complex in Kissimmee

    Local tech CEO buys new class A medical office complex in Kissimmee

    The founder and CEO of a local tech company has paid $3.9 million through an affiliate for a 12,000-square-foot medical office complex near Osceola Regional Medical Center in Kissimmee. Kaled Khuda founded OSD Displays (One Stop Displays) in 2003 and is now a leading manufacturer of custom LCD...

  • Intram lands developer for Phase 1 multifamily at Sunrise City Plaza

    Intram lands developer for Phase 1 multifamily at Sunrise City Plaza

    Intram Investments is teaming up with Integra Land Company for the multifamily portion of its 238-acre Sunrise City mixed-use project in Kissimmee's tourism corridor. Intram President Rashid Khatib told GrowthSpotter that the Lake Mary developer is expected to close in August on 11.5 acres just...

  • W192 Redevelopment board divides corridor into 8 zones to focus spending

    W192 Redevelopment board divides corridor into 8 zones to focus spending

    Osceola County's W192 Development Authority is moving quickly to implement a new strategy focusing on defined target areas and capital projects. Executive Director David Buchheit presented his plan on April 19 to subdivide the 17-mile corridor into eight distinct zones, or subdistricts, beginning...

  • Canadian developer planning $8 million multifamily conversion of W192 hotel

    Canadian developer planning $8 million multifamily conversion of W192 hotel

    Montreal-based developer Aldo Coviello said it will take a good architect, a lot of money and some magic to convert a shuttered hotel on Kissimmee's W192 corridor into a modern apartment building. But that's what he intends to do. Coviello, president of Aldo Construction, said he has a contract...

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  • Battaglia Group prepping 130-acre site in St. Cloud for mixed-use

    Battaglia Group prepping 130-acre site in St. Cloud for mixed-use

    A Winter Park real estate firm that got its start in the citrus industry is prepping 130 acres of St. Cloud orange grove for future development. Battaglia Group is meeting with brokers and working with VHB, Inc., to master plan the site in anticipation of listing it in the near future, COO Daniel...

  • New school, performing arts center study among bids to be awarded in Osceola

    New school, performing arts center study among bids to be awarded in Osceola

    Osceola County Schools has selected a first-place award-winning school design by Orlando-based Song + Associates as the prototype to replace the county's oldest elementary school.   The Michigan Avenue Elementary project was top priority in the half-cent sales tax referendum Osceola County voters...

  • Reich Properties planning new industrial park in St. Cloud

    Reich Properties planning new industrial park in St. Cloud

    Reich Properties is banking on a growing demand for flex-industrial space in St. Cloud, making its second major land acquisition in the city. John Reich told GrowthSpotter he is under contract and projected to close within 60 days on an unfinished 16-acre business park on Old Hickory Tree Road,...

  • Kissimmee resort owners planning new retail at E192 and FL Turnpike interchange

    Kissimmee resort owners planning new retail at E192 and FL Turnpike interchange

    The owners of the Flamingo Waterpark Resort on E192 at the Florida Turnpike interchange are moving forward with plans to build a shopping and lifestyle center in front of the hotel. Miami-based Blue Road paid $9 million in 2014 to buy the 245-room full-service hotel, and has invested another $2...

  • Osceola's W192 Development Authority could spend millions around Margaritaville

    Osceola's W192 Development Authority could spend millions around Margaritaville

    Osceola's W192 Development Authority wants to change how it spends its tax dollars, choosing to focus on specific target areas rather than spreading it around the 17-mile corridor. And Margaritaville Resort, scheduled to open in 2018, could be the first beneficiary of the new approach. Over the...

  • Richmond American pays $4.8M for finished lots in St. Cloud

    Richmond American pays $4.8M for finished lots in St. Cloud

    Richmond American Homes is expanding its lot inventory in St. Cloud, paying $4.8 million for 100 finished lots in Pinewood Gardens. The 198-lot neighborhood was first platted in 2005 by Brevard County developer Ron Howse. His company, Mathews Properties & Development Inc., purchased the 60-acre...

  • British couple buys $2.1M vacation home in Reunion Resort

    British couple buys $2.1M vacation home in Reunion Resort

    The owners of England's fastest growing wine import company are now part-time residents of Reunion Resort. Tony and Veronica Cleary, founders of Lanchester Group, paid $2.1 million for a nearly 10,000-square-foot estate home on Legends Corner in the golf resort. The custom home was built in 2013...

  • D.R. Horton under contract to buy 350-home subdivision on Westside Blvd

    D.R. Horton under contract to buy 350-home subdivision on Westside Blvd

    Homebuilder D.R. Horton and developer Keewin Real Property Co. are teaming up for a 350-home project on Kissimmee's Westside Boulevard. The 72-acre parcel at the southwest corner of Westside Boulevard and Florence Villa Grove Road is designated as "Parcel L" in the Mixed-Use District Planned Development...

  • Margaritaville developer talks new signage & tech details for Kissimmee resort

    Margaritaville developer talks new signage & tech details for Kissimmee resort

    Margaritaville Resort will create a trio of landmark entrances on U.S. 192 through its sign package that will be photo-ops for years to come, developer Jim Bagley told GrowthSpotter on Thursday. "We expect to bring a Vegas-style entertainment sign package that’s very compelling and very tasteful,...

  • EspoGroup to add retail and office near Tupperware SunRail station

    EspoGroup to add retail and office near Tupperware SunRail station

    Orlando-based EspoGroup wants to start construction on a three-story mixed-use building just south of the future Tupperware SunRail station as as soon as permits are issued, company executives told GrowthSpotter. President Jose Notaro and General Manager Alessandro Esposito met Wednesday with Osceola...

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  • Lennar may expand Storey Lake with former Westgate parcel

    Lennar may expand Storey Lake with former Westgate parcel

    Lennar Homes may be looking to expand its vast Storey Lake community in Kissimmee with land previously slated for a WestGate Resorts timeshare community. The 73-acre site is immediately south of Storey Lake, and behind the Super Target on W192 in Kissimmee. Lennar has a purchase contract for the...

  • Osceola negotiating with sports park developer for new softball complex

    Osceola negotiating with sports park developer for new softball complex

    Osceola County is negotiating a development agreement with a New York-based firm to build and operate a $70 million softball complex on Kissimmee's tourism corridor. One site under consideration is a 217-acre parcel at the southwest quadrant of U.S. 192 and the S.R. 429 Beltway. It's just west...

  • Sovereign-Keewin partners keeping busy, in the market for more Central Fla. land

    Sovereign-Keewin partners keeping busy, in the market for more Central Fla. land

    Two long-time Winter Park developers are working together on a number of residential projects and they're in the market for more land. Sovereign Land Co. President Kyle Sanders and his partner, Steve Rosser, president of Keewin Real Property Co., said they have access to new capital and are aggressively...

  • Summer construction planned for new assisted living facility in St. Cloud

    Summer construction planned for new assisted living facility in St. Cloud

    Brazil-based Copacabana Properties is ready to move forward on a three-story, 80,000-square-foot assisted living facility in St. Cloud. The developer purchased the 3.15-acre site on 17th Street in August 2015 for $1 million and retained FEG President Sam Sebaali to assist with permitting and engineering....

  • State bills under review could kill project funding for CRAs across Greater Orlando

    State bills under review could kill project funding for CRAs across Greater Orlando

    Two new bills under review in Tallahassee could phase out Community Redevelopment Agencies (CRAs) statewide, potentially cutting off millions of dollars in Greater Orlando that have been used by local governments to aid small businesses, attract corporate relocations and finance urban redevelopment. ...

  • Tavistock plan calls for fewer homes, more jobs on Osceola side of Sunbridge

    Tavistock plan calls for fewer homes, more jobs on Osceola side of Sunbridge

    Tavistock Development Company has filed a concept plan revealing new details about the first development phase of its massive Sunbridge community in Osceola County. The first major takeaway from the revised Master Plan is a significant reduction in the number of homes proposed in the early phases....

  • Osceola negotiating with Salamander Hotels for expansion of Reunion Grande

    Osceola negotiating with Salamander Hotels for expansion of Reunion Grande

    Oscoela County officials are in preliminary discussions with Reunion Resort management for a conference hotel expansion and luxury spa valued at more than $100 million at the Four Corners golf resort. "For Salamander, we focus on luxury, and that means minimum four-star," said Prem Devadas, president...

  • Osceola halts lakefront development despite permits, approves moratorium

    Osceola halts lakefront development despite permits, approves moratorium

    Under clear threat of litigation, Osceola County Commissioners voted Monday to reject a development agreement for 543 lakefront homes on Alligator Lake, despite the developer having approved permits and dramatically altering the project in response to environmental concerns on the Alligator Chain...

  • Kissimmee study will focus on downtown performing arts venue at civic center

    Kissimmee study will focus on downtown performing arts venue at civic center

    Kissimmee and Osceola County leaders are in discussions to do a complete overhaul of the Kissimmee Civic Center and transform it into a performing and cultural arts venue. The city posted a Request for Proposals (RFP) on March 7 for a feasibility study to determine the best use for the 42,000-square-foot...

  • Kissimmee Civic Center

    Kissimmee Civic Center

    Since it opened in 1994, the Kissimmee Civic Center has hosted every kind of event, from circuses to presidential rallies to spring cotillions. Now city and county leaders are considering a $10 million renovation that could include converting it to a cultural arts center. 

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  • Proposed Osceola building moratorium scaled back significantly

    Proposed Osceola building moratorium scaled back significantly

    Osceola County administrators have seriously walked back a controversial one-year building moratorium that could have put a halt to new development across 54 square miles around the Alligator Chain of Lakes. As it was originally drafted, the ordinance would have put a hold on the acceptance, processing or...

  • Developer pitches new retirement community next to ChampionsGate

    Developer pitches new retirement community next to ChampionsGate

    Polk County developer Jean Marsan met with Osceola County planners Wednesday morning to get feedback on his proposal for a 156.4-acre gated retirement community on Bella Citta Boulevard, next to ChampionsGate. Marsan, owner of Marsan Realty and Better Built Homes, is proposing a total of 671 residential...

  • Tampa firm looking to build new 100-room branded hotel on W192 in Four Corners

    Tampa firm looking to build new 100-room branded hotel on W192 in Four Corners

    Tampa-based Laeq & Associates wants to build a new 100-room branded hotel on W192 in the Four Corners area if the firm can solve the riddle of how to develop the 8.2-acre site. "We're going through our due diligence, but the site has some challenges," Principal Syed Laeq Ali told GrowthSpotter. He's...

  • New York's United Group plans new apartment complex in Kissimmee

    New York's United Group plans new apartment complex in Kissimmee

    New York-based developer United Group is seeking site plan approval from the City of Kissimmee for a 108-unit apartment complex on John Young Parkway, about two blocks north of W. Vine Street. The Hamilton at Lakeside would be built on roughly 6 acres, accessing John Young Parkway via Bermuda Lakes...

  • Lennar files preliminary plan for more than 800 homes at ChampionsGate

    Lennar files preliminary plan for more than 800 homes at ChampionsGate

    Lennar representatives will meet with Oscoela County planners Wednesday to begin discussions for the next phase in ChampionsGate comprising approximately 821 new homes and condos. The Four Corners community is approved for more than 3,000 homes. The homebuilder has filed conceptual plans for a...

  • Popular Latin restaurant plans new location behind Osceola Heritage Park

    Popular Latin restaurant plans new location behind Osceola Heritage Park

    One of the Orlando area's most popular Latin restaurants has filed plans for a major expansion in Kissimmee just north of Osceola Heritage Park. Melao Bakery is seeking approval from Osceola County's Development Review Committee for a new, 16,400-square-foot building at the corner of Fortune Road...

  • Osceola Commissioner: Moratorium ordinance will change before March 20

    Osceola Commissioner: Moratorium ordinance will change before March 20

    Osceola County Commissioner Fred Hawkins Jr. told GrowthSpotter on Wednesday he expects a major rewrite of a controversial building moratorium ordinance around the Alligator Chain of Lakes before it reaches the board on March 20. Hawkins said the draft ordinance that was slated to halt new construction...

  • KB Home buys land in East Narcoossee for new subdivision

    KB Home buys land in East Narcoossee for new subdivision

    Another national homebuilder is putting down stakes in the East Narcoossee community with a $2.1 million land acquisition at the corner of Zuni and Jack Brack roads. Jim Reinert, vice president of land for KB Home in Central Florida, told GrowthSpotter the homebuilder bought the 18-plus acres fully...

  • Osceola to consider moratorium on new development on 35K acres around lakes

    Osceola to consider moratorium on new development on 35K acres around lakes

    Osceola Commissioners are scheduled to vote March 20 on a one-year moratorium for new development that could affect 35,000 acres on and around the Alligator Chain of Lakes, to conduct an environmental study of the watershed. The item was on the board's March 6 agenda, but that meeting was canceled...

  • Issa Homes VP sells custom-built Celebration home for nearly $1.5M

    Issa Homes VP sells custom-built Celebration home for nearly $1.5M

    For the second time in as many weeks, one of Orlando's leading luxury custom homebuilders has sold his personal home in Celebration, this time for $1.485 million. Jeff Marchell, vice president of Issa Homes, built the nearly 5,000-square-foot house on Hubbard Court in 2005. The five-bedroom, six-bath...

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  • Omni Orlando Resort execs foresee big payoff from expansion set to open in May

    Omni Orlando Resort execs foresee big payoff from expansion set to open in May

    Executives at the Omni Orlando Resort at ChampionsGate are expecting a big payoff from their $40 million expansion set to open on Memorial Day.   "We project that within two years, we will be running at above 70-percent occupancy," Marketing and Sales Director Jean Spaulding said on Friday. "That...

  • Custom homebuilder sells eight-bedroom Celebration estate for $1.9M

    Custom homebuilder sells eight-bedroom Celebration estate for $1.9M

    Luxury custom homebuilder Mike Kamenoff added all the bells and whistles to the eight-bedroom classic Celebration estate home on Arbor Court. After all, the client wasn't just any buyer -- it was his own family. "I owned that lot for six years before I built on it," he said. "We customized it for...

  • Osceola's W192 Development Authority ups grant money to $3M in 2018 budget

    Osceola's W192 Development Authority ups grant money to $3M in 2018 budget

    Osceola County's W192 Development Authority voted Thursday to allocate $2.4 million -- nearly half of its FY2018 operating budget -- for sign grants.  But much, if not all, of the funding could be spoken for before it becomes available Oct. 1.  The program, which provides 100 percent reimbursement...

  • DeBartolo Development to build new apartments in Reunion Resort

    DeBartolo Development to build new apartments in Reunion Resort

    Reunion Resort master developer Encore Capital Management is teaming up with a familiar partner to develop a new luxury apartment complex just off the S.R. 429 interchange. DeBartolo Development President and COO Edward Kobel told GrowthSpotter the Tampa-based company hopes to break ground in a...

  • Orlando physicians sell retail strip in Orange, then reinvest in Kissimmee

    Orlando physicians sell retail strip in Orange, then reinvest in Kissimmee

    Two of Orlando's leading gastroenterologists, who happen to be brothers, recently paid $2.3 million for a 9,240-square-foot retail strip center in Kissimmee. Doctors Srinivas Seela and Harinath Sheela are both Yale Medical School graduates who opened a family practice, Digestive and Liver Center...

  • Encore secures $40.6M loan for retail center at Margaritaville

    Encore secures $40.6M loan for retail center at Margaritaville

    The developer of Kissimmee's Margaritaville Resort has secured $40.6 million in financing from an Arkansas-based bank to complete the shopping center at the entrance to the Jimmy Buffett-themed resort. Encore Capital Management transferred the 40-acre shopping center, Shoppes at Rolling Oaks, to...

  • Osceola wants prototype design for replacement elementary school in St. Cloud

    Osceola wants prototype design for replacement elementary school in St. Cloud

    The Osceola County School District is in the market for an architectural prototype design to replace the county's oldest elementary school - Michigan Avenue Elementary in St. Cloud. The district's purchasing department posted a Request for Qualifications (RFQ) for architectural and engineering...

  • Royal Oak Homes buys up lot inventory in Magic Landings for $1.33M

    Royal Oak Homes buys up lot inventory in Magic Landings for $1.33M

    Royal Oak Homes paid $1.33 million last week to buy all 28 undeveloped lots in Magic Landings, a gated community right next door to the Florida Advanced Manufacturing Research Center at NeoCity. President Stephen Orosz told GrowthSpotter that Royal Oak zeroed in on the neighborhood because of its...

  • Johnson Development scoops up retail site at W192 and Westside Blvd

    Johnson Development scoops up retail site at W192 and Westside Blvd

    South Carolina-based Johnson Development Associates has launched construction on its sixth Orlando-area self-storage facility, after paying $1.2 million Feb. 10 for a 3-acre parcel in the Four Corners area. Robert Sucher, JDA's senior real estate manager, told GrowthSpotter the company chose the...

  • Chicago investor pays $6M for 26-acre resort on W192

    Chicago investor pays $6M for 26-acre resort on W192

    Chicago real estate investor Rob Jarvis paid $6 million last week for the Champions World Resort on Kissimmee's W192 tourism corridor, and is eyeing more assets in the Orlando market. The resort property sits on 26 acres west of the S.R. 429 Beltway and consists of multiple 1970s-era, two-story...

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  • Developer considers medical complex near new Valencia College campus

    Developer considers medical complex near new Valencia College campus

    A South Florida investor wants to develop up to 60,000 square feet of Class A medical offices across from the Bellalago community on Pleasant Hill Road, but zoning and environmental constraints could make the project unfeasible at that location. Guillermo Pulgarin and his broker, Tim Weisheyer,...

  • St. Cloud seeking millions from state for downtown redevelopment projects

    St. Cloud seeking millions from state for downtown redevelopment projects

    St. Cloud City Manager Joe Helfenberger said the city is seeking millions in state funds to launch an ambitious downtown redevelopment that includes new infrastructure and the first phase of Centennial Park. Helfenberger said the city wants to convert two of its main historic brick streets -- New...

  • Developer to raze ChampionsGate bank for more restaurants

    Developer to raze ChampionsGate bank for more restaurants

    A St. Petersburg retail developer has bought a Regions Bank at the main entrance to ChampionsGate but plans to demolish the building and replace it with two restaurants. An affiliate of Vantage Properties paid $1.3 million this week for the 1.3-acre outparcel next to Publix. Vantage Vice President...

  • Former Google executive buys $2.65M Celebration estate

    Former Google executive buys $2.65M Celebration estate

    A pioneer in the online and mobile payment industry just bought a $2.65 million vacation home in Celebration. Mike and Diane Blandina closed on the six-bedroom, six-bath Tuscan-style estate home on the 300 block of Acadia Lane this month. Mike Blandina is EVP and chief technology officer for retail...

  • Arizona REIT buys multiple WingHouse restaurants

    Arizona REIT buys multiple WingHouse restaurants

    Arizona-based STORE Capital is buying up multiple locations of The WingHouse Bar & Grill throughout Florida, and may in fact have bought the entire chain. The REIT paid $1.9 million on Jan. 27 to buy Ker's Winghouse restaurant at 3401 W. Vine St. in Kissimmee. The same day, STORE paid $2 million...

  • Elevation Development advancing Parkview project on W192

    Elevation Development advancing Parkview project on W192

    Orlando-based Elevation Development has started clearing land for the first phase of its Parkview retail project on Kissimmee's W192 tourist corridor and may have found a buyer for the 120-room hotel pad slated for Phase 2. Elevation CEO Owais Khanani told GrowthSpotter the firm is in negotiations...

  • CalAtlantic Group scoops up more lots in St. Cloud's Narcoossee corridor

    CalAtlantic Group scoops up more lots in St. Cloud's Narcoossee corridor

    CalAtlantic Group continues to be bullish on St. Cloud. Last week the homebuilder paid $6.3 million for the 106-lot Phase 1 of Sunset Groves, part of an 84-acre subdivision on Zuni Road in the Narcoossee community. The 288-lot development received site plan approval in 2014. Robert Godwin's EHRG...

  • Developer buys vacant land next to Loop West, plans retail & QSR pads

    Developer buys vacant land next to Loop West, plans retail & QSR pads

    Retail developer NGI Investments is part of an investment group that paid $2.1 million on Jan. 31 for the vacant corner parcel on Osceola Parkway at Dyer Boulevard, next to the Loop West shopping center. NGI President Harry Kay bought a 20 percent interest in the project through affliate company...

  • DLC Residential buys W192 land near Margaritaville slated for 326 apartments

    DLC Residential buys W192 land near Margaritaville slated for 326 apartments

    South Florida-based luxury apartment developer DLC Residential is rebooting a 326-unit apartment complex on Kissimmee's W192 tourist corridor. DLC affiliate Bella Terra Citrus Ridge LLC paid $6.2 million on Jan. 31 for the 23.4-acre parcel west of the S.R. 429 interchange, and directly south of Orange...

  • Kissimmee physician planning medical complex on S.R. 535 tourism corridor

    Kissimmee physician planning medical complex on S.R. 535 tourism corridor

    Kissimmee allergist Imtiaz Ahmed wants to renew a permit for a planned medical office complex in the tourism corridor that stalled during the recession. Ahmed met this week with Osceola County planning staff to discuss how to resume work on the project, located at the intersection of S.R. 535 (Vineland...

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  • Park Square Homes founders planning assisted living, daycare in Kissimmee

    Park Square Homes founders planning assisted living, daycare in Kissimmee

    Park Square Homes principals Suresh Gupta and his son, Vishaal Gupta, are reshaping their plan for a 11-acre site in the Brighton Lakes neighborhood off Pleasant Hill Road in Kissimmee. A family-owned affiliate company bought the site in 2012 in a tax certificate sale for $81,000. When the county...

  • South Florida investors pay $20M for Kissimmee apartment complex

    South Florida investors pay $20M for Kissimmee apartment complex

    Miami flower importer Herbert Jordan is part of an investment group that paid $20 million on Jan. 24 for a 208-unit apartment complex just north of the Kissimmee Gateway Airport. The Park at Sorrento complex, built in 1972, features a mix of garden-style and townhouse apartments on 15.6 acres....

  • Kissimmee broker introducing new 'smart' homes near research park

    Kissimmee broker introducing new 'smart' homes near research park

    Kissimmee real estate broker Aamir Khan is introducing a new "smart home" concept on Neptune Road, at the halfway point between the city's new SunRail station and Osceola County's high tech research park, NeoCity. Khan bought four contiguous lots on Neptune Road and Lakeview Avenue in 2015 for...

  • CalAtlantic pays $11.2M to expand position in St. Cloud at Whaley's Creek

    CalAtlantic pays $11.2M to expand position in St. Cloud at Whaley's Creek

    As CalAtlantic Group nears the final buildout of its popular Esprit community in St. Cloud, the homebuilder paid $11.2 million on Tuesday to remain in the neighborhood. The company bought out Phase 2 of Whaley's Creek, 216 lots of a 499-home subdivision on Canoe Creek Road directly across from...

  • Mattamy Homes launches new vacation home project and next phase of Tapestry

    Mattamy Homes launches new vacation home project and next phase of Tapestry

    Mattamy Homes USA is gearing up for the next phase of Tapestry, a 1,031-home gated community in Kissimmee. The Canada-based homebuilder this week filed mass grading plans for the four remaining phases of the 243-acre project. Mattamy also filed construction plans for Phases 3 and 4, which should...

  • Cost for Osceola Parkway Extension toll road expected to top $1B

    Cost for Osceola Parkway Extension toll road expected to top $1B

    The estimated cost for building the 12-mile Osceola Parkway Extension toll road tops out at more than $1 billion, according to final calculations presented during a public hearing Tuesday at Osceola Heritage Park. The formal hearing is the final step of the Project Development & Environmental (PD&E)...

  • Osceola County selling land at key interchange in tourism corridor

    Osceola County selling land at key interchange in tourism corridor

    Osceola County is looking to sell a 5.9-acre parcel at a key interchange in the Kissimmee tourism corridor. County Commissioners voted recently to declare the property surplus and put it on the market. The parcel is located right off the Osceola Parkway exit ramp at the S.R. 535 (Vineland Road)...

  • FHC Development expanding residential project south of St. Cloud

    FHC Development expanding residential project south of St. Cloud

    FHC Development will more than double the size of its proposed Deer Run Estates subdivision south of St. Cloud this year when the developer closes on a 34-acre parcel fronting Hickory Tree Road, CEO Frank Cawthon told GrowthSpotter. The parcel is directly across from a planned 545-home Buena Lago...

  • Pulte Homes launching two new subdivisions in NE Osceola

    Pulte Homes launching two new subdivisions in NE Osceola

    A year after Pulte Homes nixed plans for an upscale, marina development on East Lake Tohopekaliga, the homebuilder has a contract to buy and develop 70 acres just down the road from the original site. It's one of two new subdivisions the homebuilder plans to launch in Osceola County by the second...

  • Floriday plans 95-lot subdivision across from Poitras on Boggy Creek Road

    Floriday plans 95-lot subdivision across from Poitras on Boggy Creek Road

    Floriday Properties, a land development division of June Engineering Consultants, is seeking approvals for a 95-lot subdivision on Boggy Creek Road west of Narcoossee Road. Company president Randy June has contracts to buy five single-family homes to create the 19-acre assemblage just south of...

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  • Osceola and ICAMR passed over for $70 million federal grant

    Osceola and ICAMR passed over for $70 million federal grant

    Osceola County and its new high-tech research park were passed over in December for a $70 million federal grant, but could be eligible if Congress and the Trump administration approve funding for a second round of grant awards this year.  The county and International Consortium for Advanced Manufacturing...

  • Daryl Carter and John Reich team up for major St. Cloud land buy

    Daryl Carter and John Reich team up for major St. Cloud land buy

    An investment group led by Daryl M. Carter and John Reich paid $1.9 million on Thursday for 28 acres in the Osceola Industrial Park, near the intersection of U.S. 192 and Narcoossee Road.   As CEO of Maury L. Carter & Associates, Carter led an investment group that bought 236 acres last year on...

  • CFX selects four engineering firms for Osceola toll road studies

    CFX selects four engineering firms for Osceola toll road studies

    The Central Florida Expressway Authority board voted Thursday to hire four separate engineering firms to evaluate potential new toll road routes in Osceola County. CFX approved a three-way interlocal agreement with Osceola County and the Osceola County Expressway Authority in September to take...

  • Froggers to open fifth location in Old Town Kissimmee

    Froggers to open fifth location in Old Town Kissimmee

    Froggers Grill & Bar will open its fifth location at Kissimmee's Old Town, leasing the vacant 7,000-square-foot space at the northwest corner of the complex, formerly occupied by Kool Katz. "It's a local sports bar concept," Old Town General Manager Thearon Scurlock told GrowthSpotter on Tuesday....

  • St. Cloud Council to consider annexation for new senior apartments

    St. Cloud Council to consider annexation for new senior apartments

    The St. Cloud City Council is scheduled to vote Thursday on a voluntary annexation request from the developer of a new 36-unit apartment complex for seniors.  The project won unanimous support from the city's Planning Commission in December. Owner/developer Jose Quezada is seeking high-density...

  • New luxury apartments planned on site of former abandoned E192 hotel school

    New luxury apartments planned on site of former abandoned E192 hotel school

    The former site of one of Osceola County's most blighted, abandoned buildings could soon be home to a new luxury apartment complex. Harris Civil Engineers has filed a preliminary site plan for a 420-unit apartment complex at the FL Turnpike - E192 interchange on behalf of the owner, an affiliate...

  • Meritage Homes to expand Osceola offerings with lot takedown in Harmony

    Meritage Homes to expand Osceola offerings with lot takedown in Harmony

    Eco-friendly homebuilder Meritage Homes paid $3.35 million on Dec. 30 for a 67-lot takedown in Harmony, a master-planned golf community east of St. Cloud. The acquisition is part of a strategy by Meritage to expand its footprint in Osceola County, Marketing Manager Polly Heard told GrowthSpotter. ...

  • Congressman Soto leases historic downtown Kissimmee building for district office

    Congressman Soto leases historic downtown Kissimmee building for district office

    Newly sworn-in Rep. Darren Soto, D-Kissimmee, will be opening his flaship district office in the historic Carson Bryan House in downtown Kissimmee, next to the Osceola County Courthouse. Soto won the open seat vacated by Alan Grayson by defeating Republican Wayne Liebnitzky to become the first...

  • Kissimmee congregation files construction plans for new church building

    Kissimmee congregation files construction plans for new church building

    The Kissimmee Church of God has filed construction plans for a new 22,000-square-foot church building that will allow the congregation to grow and expand its ministries. Pastor Jean Denis told GrowthSpotter on Tuesday the current building at 1320 W. Bryan St. can accommodate a max of about 400...

  • Hotel on Kissimmee's W192 tourist corridor sells for $4.3M

    Hotel on Kissimmee's W192 tourist corridor sells for $4.3M

    The list of hotel sales on Kissimmee's tourism corridor continues to grow with the recent sale of the Comfort Inn on W192 for $4.3 million. The 4-story, interior corridor hotel sits on 1.4 acres at 5196 W. Irlo Bronson Memorial Hwy. Built in 2000, it has 63 rooms and previously operated as a Best...

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