Osceola County Developments

  • Osceola selects Skanska & Tennessee firm to build Tech Farm's first office building

    Osceola selects Skanska & Tennessee firm to build Tech Farm's first office building

    Tennessee-based Century HealthRealty and  Skanska USA will be recommended on Monday as the development team to build the first office building in Osceola County's Tech Farm research park. The firm beat out three other proposals for the county contract, which includes 2 acres free land adjacent...

  • Shopping plaza at Kissimmee downtown gateway sells for $8M

    Shopping plaza at Kissimmee downtown gateway sells for $8M

    A Brazilian-led investment group has acquired a Kissimmee shopping center and 7-Eleven gas station at one of the most prominent corner intersections in the city. Vine Street Plaza Investors LLC paid $8 million on Dec. 1 for the 4.3 acres at the northwest quadrant of Main and Vine streets, facing...

  • St. Cloud establishing downtown historic district with new tax incentives

    St. Cloud establishing downtown historic district with new tax incentives

    The St. Cloud City Council approved an ordinance establishing a Downtown Historic District on Thursday, putting policies in place that will add a layer of regulation and design standards for property owners in the district. The ordinance also creates financial incentives -- including tax abatement --...

  • Summit Construction files plans for two new Osceola charter schools

    Summit Construction files plans for two new Osceola charter schools

    Charter school specialist Summit Construction Management Group filed construction plans late last week for two new charter schools on opposite ends of Osceola County. The first, Boggy Creek Charter School, is located at 3200 Tindall Acres Road. Plans filed with the South Florida Water Management...

  • Magic Development looking to add more retail to Magic Place Phase 1

    Magic Development looking to add more retail to Magic Place Phase 1

    Just weeks from breaking ground on the $1.7 billion Magic Place community, Magic Development is tweaking its Phase 1 site plan to add more retail space. Project Manager Hector Lizasuain told GrowthSpotter the company will delay construction of its 20,000-square-foot corporate headquarters and sales...

  • Veterinarians buy building on Kissimmee Tech Corridor for new animal hospital

    Veterinarians buy building on Kissimmee Tech Corridor for new animal hospital

    A pair of Orlando veterinarians have purchased a 15,000-square-foot Class B office building on Kissimmee's E192 tech corridor and plan to open a new clinic there. SGB Properties LLC, which is composed of DVMs Anuradha Nallapaneni and Yugendar R. Bommineni, paid $900,000 in late October for the...

  • Osceola officials to visit middle school sites before buying architectural plans

    Osceola officials to visit middle school sites before buying architectural plans

    Osceola County school officials will schedule trips to Orlando and Palm Springs in January to visit the top four middle school sites among dozens of prototype designs that were submitted this month for reuse. The district has had a successful history with Schenkel Shultz, which has designed middle...

  • AV Homes seeks to add more commercial in Poinciana area

    AV Homes seeks to add more commercial in Poinciana area

    AV Homes is seeking to add more commercial uses along the Bellalago corridor of Pleasant Hill Road in Poinciana. The homebuilder has applied for a PD amendment to its Isles of Bellalago development, formerly known as Bellalago West. The 588-home community across from AV Homes' original Bellalago stretches...

  • Orlando firms back 4 developer bids for free office land in Osceola research park

    Orlando firms back 4 developer bids for free office land in Osceola research park

    The opportunity to build the first Class A/B office building in Osceola County's Florida Tech Farm research park drew bids from four real estate development firms, including two from Florida. "I'm very happy," County Manager Don Fisher told GrowthSpotter on Tuesday afternoon, after sealed bids...

  • CFX shortlists 6 top engineering firms for Osceola toll road studies

    CFX shortlists 6 top engineering firms for Osceola toll road studies

    Kimley-Horn leads the group of six engineering firms invited to submit technical proposals to the Central Florida Expressway Authority to conduct feasibility studies on four future toll roads in Osceola County. CFX approved a 3-way interlocal agreement with Osceola County and the Osceola County...

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  • Roomba Inn owners expect lengthy permitting process for site redevelopment

    Roomba Inn owners expect lengthy permitting process for site redevelopment

    The owners of the Roomba Inn & Suites next to Old Town in Kissimmee expect about a nine-month review process before they can begin demolition work on the site and start building a new Hilton Home2 Suites. CTN Developments Vice President Abdul Alshoghri met last week with county planners for the...

  • South Carolina company expanding self storage business with Poinciana site

    South Carolina company expanding self storage business with Poinciana site

    Johnson Development Associates is entering the Orlando market with its first self-storage facility on Cypress Parkway in Poinciana. The Spartanburg, South Carolina-based company paid $1 million to AV Homes for nearly six acres at the intersection of Cypress and Country Club Drive. The acquisition,...

  • Park Square Homes pitches luxury mixed-use development behind Magic Place

    Park Square Homes pitches luxury mixed-use development behind Magic Place

    Fast-growing Park Square Homes is eyeing a prime spot in the W192 tourist corridor for a luxury mixed-use development combining residential, retail and three hotels across 168 upland acres. The Orlando-based developer is in discussions with the owner of a 247-acre tract immediately south of the...

  • Encore adding density, smaller lots in Reunion West

    Encore adding density, smaller lots in Reunion West

    As Encore Capital Management gears up to launch the second phase of its Encore Club at Reunion Resort, the developer is tweaking the site plan to squeeze in a few more lots. Encore launched the 250-acre subdivision in the northwest quadrant of the I-4 - Western Beltway (429) interchange in 2015....

  • W192 motel across from helicopter tour business sells for $1.62M

    W192 motel across from helicopter tour business sells for $1.62M

    A pair of Chinese investors have paid $1.62 million for a 54-room hotel on Kissimmee's W192 tourist corridor. The Goldstar Inn & Suites at 4600 W. Irlo Bronson Memorial Hwy. was built in 1984. It's an exterior corridor motel with living quarters on site for the owner/manager.   The sellers, AARush...

  • St. Cloud charter school files plans for new K-5 building set to open Fall 2017

    St. Cloud charter school files plans for new K-5 building set to open Fall 2017

    St. Cloud Preparatory Academy has selected a contractor and filed building plans for a new 22,250-square-foot elementary school building, with plans to open in Fall 2017. The Stevens Plantation charter school was sold over the summer for $10.3 million to Oregon-based Charter School Capital, which...

  • ChampionsGate office building sells for $7.3M to Tampa family turning a 1031

    ChampionsGate office building sells for $7.3M to Tampa family turning a 1031

    A Tampa family investment group paid $7.275 million on Oct. 31 to buy a three-story, Class A office building in ChampionsGate. John Navratil told GrowthSpotter his family began investing in real estate in 2000 when they bought the first of several mobile home parks. Earlier this year, an investor...

  • Co-owner considers converting former W192 Hampton Inn into apartments

    Co-owner considers converting former W192 Hampton Inn into apartments

    The majority owner of a failed W192 condo hotel is considering converting the former Hampton Inn building into apartments. The four-story, 166-room hotel was converted into a condo hotel in 2005 and has been closed for years. Located at the W192 - Interstate 4 interchange, the property is close...

  • Wisconsin developer closes on 22 acres for luxury apartments in Kissimmee

    Wisconsin developer closes on 22 acres for luxury apartments in Kissimmee

    Wisconsin-based Continental Properties paid $4.15 million last week for a 22-acre site in Kissimmee's Tapestry master-planned community. The developer broke ground Tuesday on a 288-unit luxury apartment complex called Springs at Tapestry, scheduled to open in Fall 2017. Marketing Manager Jean Jones...

  • Hanover Capital Partners closes on Alligator Lake property for $7.75M

    Hanover Capital Partners closes on Alligator Lake property for $7.75M

    Orlando-based Hanover Capital Partners paid $7.75 million last week to acquire the bulk of land for its planned St. Cloud-area boating community, Hanover Lakes. Hanover has had the land under contract from seller Henry C. Yates since beginning the permitting process two years ago. The 178-acre...

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  • Osceola Schools seeking architect for middle school prototype design

    Osceola Schools seeking architect for middle school prototype design

    With a growing student population and multiple new middle school projects in the works, Osceola County Schools is in the market for a prototype design that can be replicated across the county. The district posted a Request for Information (RFI) on Friday seeking architecture firms to supply plans...

  • St. Cloud OKs land sale for downtown parking garage and mixed-use tower

    St. Cloud OKs land sale for downtown parking garage and mixed-use tower

    The St. Cloud City Council voted Thursday night to sell a vacant lot near City Hall to ADMC Design, in exchange for the firm's promise to build a 10-15 story mixed-use tower with an attached parking garage.  The international construction company, founded by Albanian-born Albert Leka, has invested...

  • AV Homes continues Phase 5 expansion at Solivita in Polk County

    AV Homes continues Phase 5 expansion at Solivita in Polk County

    Less than a year after AV Homes launched Phase 5 at Solivita, the developer has filed preliminary plans for another 165 lots in the active adult community.  In February, the homebuilder submitted engineering plans to the South Florida Water Management District for a 209-acre parcel in the southwest...

  • Food trucks draw investment, record customers to Osceola's W192 flea market

    Food trucks draw investment, record customers to Osceola's W192 flea market

    The owners of Kissimmee's Visitors Flea Market across from Old Town have invested $250,000 in recent weeks to create an outdoor food court serviced by 40 food trucks, and they're already seeing the payoff. "Traditionally, September through November is our slowest time," Director of Operations John...

  • St. Cloud City Council to vote on land sale for new downtown parking deck

    St. Cloud City Council to vote on land sale for new downtown parking deck

    The City of St. Cloud could be prepared to give away a vacant downtown lot to the new owner of the St. Cloud Hotel if he agrees to build a parking deck on the property. Thursday's City Council agenda includes a resolution declaring the .6-acre lot surplus and selling it to ADMC Design LLC in exchange...

  • Key Motel on W192 tourist corridor sells for $1.75M

    Key Motel on W192 tourist corridor sells for $1.75M

    Another motel has changed hands on Kissimmee's W192 tourist corridor. Magic Key Investment LLC paid $1.75 million last week for the Key Motel at 4810 W Irlo Bronson Memorial Hwy., across from a SuperTarget-anchored shopping center. The 2.66-acre tract on Lake Cecile includes a 47-room motel, built...

  • Orlando developer planning 645-lot subdivision in St. Cloud

    Orlando developer planning 645-lot subdivision in St. Cloud

    Orlando developer Bill Canty received preliminary subdivision approval this week from Osceola County for a 645-lot subdivision straddling Jones Road in the county's Narcoossee area. Canty's WCFM Nona LLC is under contract to buy the two parcels, which total 163.5 acres. The site borders another...

  • Osceola County to seek bids for class A office building next to sensor center

    Osceola County to seek bids for class A office building next to sensor center

    Osceola County is putting the final touches on a request for letters of interest (RFLOI) for developers to build a four-story, Class A office building next door to the $250 million  Florida Advanced Manufacturing Research Center, which opens in early 2017. County Manager Don Fisher told GrowthSpotter on...

  • Developers target Osceola for more affordable housing tax credit projects

    Developers target Osceola for more affordable housing tax credit projects

    Osceola County planners are reviewing a flurry of prospective affordable housing projects this month as developers rush to submit tax credit applications in time for the Florida Housing Finance Corporation's Nov. 17 deadline. Titan Land Company President Domingo Sanchez had five potential sites...

  • Osceola Commissioners approve new E192 development standards

    Osceola Commissioners approve new E192 development standards

    Osceola County Commissioners on Monday unanimously approved new development guidelines for the E192 CRA district so they can go into effect before a six-month building moratorium expires at the end of the month. "We're excited about the potential of the new plan," said Larry Walter, principal of...

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  • Adventist Health to build $20M skilled nursing and rehab center in Celebration

    Adventist Health to build $20M skilled nursing and rehab center in Celebration

    Adventist Health System (AHS), parent company of Florida Hospital, has filed engineering plans for a 120-bed skilled nursing facility on Celebration Boulevard, about halfway between W192 and World Drive. Michelle Givens, president of the non-profit company's nursing home division, Adventist Care...

  • Kissimmee shopping center sale helps fund retirement dreams

    Kissimmee shopping center sale helps fund retirement dreams

    Charles and Nicholas Hasker got their start in the property management field as teenagers in St. Cloud, mowing lawns at their parents' trailer park on Lake Runnymede.   After selling the park, the brothers accumulated several small shopping centers - always focusing on centers with long-term, mom-and-pop...

  • K. Hovnanian to start building in St. Cloud's Narcoossee corridor

    K. Hovnanian to start building in St. Cloud's Narcoossee corridor

    Luxury homebuilder K. Hovnanian has purchased 40 lots in St. Cloud's Preserve at Turtle Creek subdivision on Narcoossee Road. Originally developed by new urbanism specialist Tramell Webb and D.R. Horton, Turtle Creek offers residents a community boat dock on Lake Runnymede, which provides access...

  • Investor pays $1M for 11 vacation rental units behind Osceola Heritage Park

    Investor pays $1M for 11 vacation rental units behind Osceola Heritage Park

    A Virginia real estate investor has paid $1 million for an 11-unit vacation rental community that backs up to Kissimmee's Osceola Heritage Park. Located at 1888 Fortune Road, the complex consists of two three-bedroom/two-bath units and nine five-bedroom/three-bath units. Built in 2001, each rental...

  • CFX to strike deal with Turnpike for 408 extension, seek LOIs for Osceola studies

    CFX to strike deal with Turnpike for 408 extension, seek LOIs for Osceola studies

    The Central Florida Expressway Authority is expected to invite the state to take over the proposed S.R. 408 extension along Colonial Drive through East Orange County. Orange County Mayor Teresa Jacobs has requested a discussion of the toll road extension at Thursday's board meeting. CFX is nearing...

  • Palm Beach hotelier buys Kissimmee Springhill Suites for $16.3M

    Palm Beach hotelier buys Kissimmee Springhill Suites for $16.3M

    A Boston-area hotel company paid $16.3 million last week for a 151-room Marriott flag hotel in Kissimmee's Calypso Cay Resort. Located just off Osceola Parkway, the SpringHill Suites, which was built in 2000, is a Walt Disney World Good Neighbor Hotel.  Bijal Hospitality managing member Mahesh...

  • Insula sells Kissimmee apartment complex, nets $13M ROI & reinvests locally

    Insula sells Kissimmee apartment complex, nets $13M ROI & reinvests locally

    After spending $2 million to renovate a 44-year-old Kissimmee apartment complex, Sarosota-based Insula Companies sold the asset on Sept. 30 for $32.6 million -- netting at least $13 million in profit. The former 366-unit Dorado Apartments at 1400 W. Donagan Ave., just west of John Young Parkway,...

  • Titan Land applying for five tax credit affordable housing sites in Oscoela

    Titan Land applying for five tax credit affordable housing sites in Oscoela

    Titan Land Company President Domingo Sanchez has five potential affordable housing sites in Osceola County, but he's got a tight window to file the applications in time for Florida Housing Finance Corporation's Nov. 17 due date. Three of the sites are commercial parcels in the Poinciana area's...

  • Hanlex pitches two Dollar stores, but new design guidelines could scuttle E192 site

    Hanlex pitches two Dollar stores, but new design guidelines could scuttle E192 site

    Apopka-based Hanlex Civil plans to develop two Dollar General stores in Kissimmee, but new design guidelines for the E192 CRA district could eliminate the project across from the Florida Turnpike exit. Hanlex Vice President Jeremy Anderson and project manager Jason Bullard met Tuesday with Osceola...

  • Roomba Inn owner awaits final approval from Hilton for W192 redevelopment

    Roomba Inn owner awaits final approval from Hilton for W192 redevelopment

    The owners of the Roomba Inn & Suites on W192 plan to demolish the 30-year-old hotel and replace it with a pair of seven-story flag hotels and a retail/entertainment center, linking the complex to the neighboring Old Town complex. The W192 Redevelopment Authority will get a look this week at the...

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  • New owner to demolish vacant W192 restaurant, add more retail

    New owner to demolish vacant W192 restaurant, add more retail

    Orlando real estate broker and investor Mohommed Diab plans to demolish a long-vacant restaurant on the W192 tourist corridor and build a new retail strip anchored by a 10,000-square-foot Dollar Tree store. Diab's Cane Island Realty LLC paid $3.3 million in May for the vacant, 26-year-old Cane...

  • Westgate plans $61.7M capital investment in Central Florida properties in FY17

    Westgate plans $61.7M capital investment in Central Florida properties in FY17

    Westgate Resorts plans to finish construction on more timeshare towers, dining options and amenities -- including two new water parks -- at its Central Florida properties in the coming year. The total investment across 13 area properties totals $61.7 million -- a record for the company, according...

  • Magic Development gearing up for groundbreaking at $1.7B Magic Place

    Magic Development gearing up for groundbreaking at $1.7B Magic Place

    Magic Development's $1.7 billion Magic Place on Kissimmee's W192 tourist corridor remains on track to break ground before the end of the year, with a sitework Request for Proposals (RFP) expected within the next month. Project Manager Hector Lizasuain told GrowthSpotter the company has shortlisted...

  • AV Homes planning retail center at Bellalago on Lake Toho

    AV Homes planning retail center at Bellalago on Lake Toho

    Residents in the Bellalago boating community on Lake Tohopekaliga could have some new shopping and dining options soon. Bellalago developer AV Homes filed plans this week with the South Florida Water Management District for a 6.5-acre retail plaza called Village Shops at Pleasant Hill Road, at...

  • New W192 motel owner plans $5M renovation to fix code violations

    New W192 motel owner plans $5M renovation to fix code violations

    Considered the most-blighted hotel property on Kissimmee's W192 tourist corridor, the Toscana Suites sold Tuesday for $2.4 million, and the new owner signed a consent order pledging to clean it up in six months. Jumani Hospitality Inc., a U.S. affiliate of Pakistani-based Jumani Group, paid cash...

  • Kissimmee retail and soccer complex plan looks 'awesome'

    Kissimmee retail and soccer complex plan looks 'awesome'

    Kissimmee's Development Review Committee signed off Tuesday on Mixed Use PUD rezoning for a 4.5-acre parcel on West Vine Street for a covered soccer complex, with retail and office buildings in front. The rezoning of the site, home to a former Sonny's BBQ restaurant, moves on to the Planning Advisory...

  • Disney-area hotel on Kissimmee's W192 corridor primed for quick sale

    Disney-area hotel on Kissimmee's W192 corridor primed for quick sale

    The closed 442-room Magnuson Grand on Kissimmee's W192 tourist corridor could be under new ownership in a few weeks. Terry Hatfield, president of HotelMax Inc., listed the property in July for $10 million. He told GrowthSpotter on Friday it's now under contract, with a closing scheduled for mid-October. ...

  • Tuscan Isle developer Vieste already looking ahead to 2nd phase of senior living facility

    Tuscan Isle developer Vieste already looking ahead to 2nd phase of senior living facility

    Construction on the $50 million Tuscan Isle senior living community is on pace for its planned spring 2016 opening, and owner-developer Vieste Group is already looking ahead to phase two. "The longterm plan is to build out a full campus and totally fill the gap in the continuum of care," CEO Mike...

  • Memory care facility planned for Kissimmee Medical Arts District

    Memory care facility planned for Kissimmee Medical Arts District

     A California-based developer that specializes in luxury assisted living homes is eying a 1.9-acre parcel on Park Place in Kissimmee to build an 63-bed memory care facility. Meridian at Summerplace is expanding beyond its West Coast roots into Florida, with active projects in the Tampa Bay, Sarasota,...

  • Starwood and CalAtlantic building active adult community in Harmony

    Starwood and CalAtlantic building active adult community in Harmony

    With horizontal construction well underway at Osceola County's new active adult community The Lakes at Harmony, master developer Starwood Land Ventures has sold the first 43 lots to CalAtlantic Group for $2 million.  CalAtlantic, the Irvine, California-based corporation formed by the 2015 merger...

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  • Osceola DRC supports 326-lot subdivision near St. Cloud after redesign adds density

    Osceola DRC supports 326-lot subdivision near St. Cloud after redesign adds density

    After two community meetings and a major redesign, Osceola County's Development Review Committee has signed off on a PD rezoning and Comprehensive Plan Amendment (CPA) for a former 98-acre orange grove just outside of St. Cloud. The Murrell family, which previously operated the grove, owns four...

  • Kissimmee broker plans mixed-use, soccer complex next to Shingle Creek Park

    Kissimmee broker plans mixed-use, soccer complex next to Shingle Creek Park

    Kissimmee real estate broker Rajia Ackley has teamed up with the owner of Winter Park's Fair Play Arena to build a similar sports complex on West Vine Street, right next door to Shingle Creek Regional Park.  Ackley, owner of Coldwell Banker Ackley Realty, has owned most of the 4.5-acre parcel since...

  • Tavistock submits plans for new Sunbridge element, mixed-use district in Osceola

    Tavistock submits plans for new Sunbridge element, mixed-use district in Osceola

    Tavistock Development Company filed a 30-page rezoning application on Tuesday for the 19,000-acres of its massive new Sunbridge community in Osceola County. "Utilizing best practices in place making, Sunbridge is intended to transform the (Northeast District) into a balanced, mixed-use community...

  • Margaritaville Resort files plat for first 265 vacation cottages

    Margaritaville Resort files plat for first 265 vacation cottages

    Fresh off the big announcement this month that Margaritaville Resort had reservations or sales for its first 250 vacation cottages, the developer is moving forward with the permitting process. Encore Homes received approval this week from Osceola County's Development Review Committee for the preliminary...

  • Disney subsidiary gears up for 1,300-plus home expansion of Celebration

    Disney subsidiary gears up for 1,300-plus home expansion of Celebration

    The Celebration Company (TCC) has reached an agreement with Osceola County Schools that helps clear the way for a major expansion of the masterplanned community to almost 90 percent of its full buildout of 8,065 residential units. TCC, a subsidiary of The Walt Disney Company, owns approximately...

  • Osceola hoping free land will bring public & private dollars to new research park

    Osceola hoping free land will bring public & private dollars to new research park

    Osceola County Manager Don Fisher unveiled a key economic incentive proposal to draw jobs and investors to the Florida Tech Farm on Thursday. Speaking to the Central Florida chapter of NAIOP, Fisher said the county has offered 50 acres of prime real estate in the new research park for free, as...

  • Developer files revised site plan for retail at Celebration's World Drive interchange

    Developer files revised site plan for retail at Celebration's World Drive interchange

    Pinellas developer Steve Thompson says he's on schedule to break ground in early 2017 on a proposed 100,000 square foot shopping center at Disney's World Drive interchange. Thompson, president of Corporate Development & Construction, first discussed the plans for Shoppes at Celebration Boulevard...

  • Avant Garde Academy planning charter school expansion in Poinciana

    Avant Garde Academy planning charter school expansion in Poinciana

    Avant Garde Academy is planning a two-phase expansion of its Poinciana campus, in hopes of opening a new voluntary pre-K building in time for the 2017 school year. The K-8 charter school currently occupies 30 acres at 3651 Pleasant Hill Road, near the Bellalago subdivision. Now it's looking to...

  • Repair costs prompt Kissimmee motel owners to demolish and rebuild

    Repair costs prompt Kissimmee motel owners to demolish and rebuild

    The skyrocketing cost of renovating a Kissimmee hotel complex on Lake Cecile is prompting the owners to look at demolishing the remaining buildings and starting over with new construction. Canadian investors Martin Coulombe and his wife, Brigitte Giguere, bought the long-vacant hotel on W192 in...

  • Cole Capital pays $8.8M for At Home superstore in Kissimmee

    Cole Capital pays $8.8M for At Home superstore in Kissimmee

    Cole Capital has purchased a Kissimmee home decor big box for $8.8 million. The Phoenix-based non-traded REIT used affiliate VEREIT HM KISSIMMEE to complete the acquisition. VEREIT manages $7.0 billion of gross real estate investments on behalf of the Cole Capital non-listed REITs. The REIT has...

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  • Seralago owner wants to raze W192 hotel and put up condos

    Seralago owner wants to raze W192 hotel and put up condos

    The owners of Kissimmee's Seralago Hotel & Suites are planning a multi-phased redevelopment of the 43-year-old hotel on the W192 tourist corridor. With 614 rooms in 10 buildings spread out over 18 acres, Seralago is one of the corridor's largest hotel properties. It's in a prime location, situated...

  • E192 Infill Development video

    E192 Infill Development video

    This animation illustrates how new infill development can co-exist with existing buildings on the E192 tech corridor. 

  • Osceola's new E192 standards stress urban design, taller buildings & less parking

    Osceola's new E192 standards stress urban design, taller buildings & less parking

    The proposed design guidelines for Osceola County's E192 corridor would create five distinct redevelopment zones -- each with varying levels of regulation, and all designed to boost property values and support the county's investment in the Florida Tech Farm research park. The design guideline...

  • Racing instructor envisions $50M tourist attraction on W192 for sports car lovers

    Racing instructor envisions $50M tourist attraction on W192 for sports car lovers

    All his life, Andy Bardar has had a love affair with fast cars. There's nothing quite like the adrenaline rush of taking a tight turn at high speed. "My business, my life, it all revolves around things with wheels," he said. "I’m watching the industry change with electric cars and driver-less cars,...

  • Developer planning two senior apartment towers in Osceola

    Developer planning two senior apartment towers in Osceola

    Affordable housing specialist American Housing Development LLC (AHD) is scheduled to break ground next month on a second phase of Madison Crossing -- the first of two new age-restricted apartment towers planned for Osceola County. The Winter Park developer has applied for a building permit for...

  • New owner to renovate former W192 surf shop across from Celebration

    New owner to renovate former W192 surf shop across from Celebration

    Fast-casual eatery Tijuana Flats will open its first location on Kissimmee's tourist corridor, thanks in part to a grant from the W192 Development Authority. Real estate broker and developer Nick Jones told GrowthSpotter the restaurant, famous for its burritos and assorted hot sauces, had signed...

  • Mystery developer planning $400M hotel & entertainment district on W192

    Mystery developer planning $400M hotel & entertainment district on W192

    Osceola County's W192 Development Authority has entered into a confidentiality agreement with a developer to assist in the planning of a $400 million "lifestyle destination resort" on the tourist corridor. Executive Director David Buchheit briefed the board Thursday morning on what he's called...

  • Resort owners buy prime commercial land in Osceola's E192 Tech Corridor for $2M

    Resort owners buy prime commercial land in Osceola's E192 Tech Corridor for $2M

    Owners of the Flamingo Waterpark Resort on E192 at the Florida Turnpike exit paid $2 million on Tuesday to buy the 22.5-acre abandoned golf course adjacent to their hotel. The acquisition comes nearly two years after Miami-based Blue Road paid $9 million to buy the 245-room full-service hotel....

  • County planning $3.3M in capital improvements at Osceola Heritage Park

    County planning $3.3M in capital improvements at Osceola Heritage Park

    Osceola County's Tourist Development Council approved its 2017 budget on Monday that calls for $3.3 million in capital spending at Osceola Heritage Park. County Commissioners are scheduled to vote on the FY2017 budget Sept. 19. If approved, the county would spend $1.3 million on a new chiller system...

  • Neighboring Kissimmee motels both fetch $1.6M sales prices

    Neighboring Kissimmee motels both fetch $1.6M sales prices

    A pair of motels on the same block of Kissimmee's Vine Street corridor have both sold in recent months for the exact same price: $1.6 million. The Tropicana Motel at 4131 W. Vine St. was the most recent transaction, changing hands on Aug. 22. Longtime owners Mohan and Neelam Anand sold the 32-year-old...

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  • Osceola's W192 Development Authority wins $2M landscaping grant

    Osceola's W192 Development Authority wins $2M landscaping grant

    Osceola County's W192 Development Authority learned this week it has been awarded a $2 million Highway Beautification grant from the Florida Department of Transportation to upgrade the landscaping on the tourist corridor. "As you can imagine I am ecstatic," W192 Executive Director David Buchheit...

  • Intram plans replacement Publix to anchor new Kissimmee shopping center

    Intram plans replacement Publix to anchor new Kissimmee shopping center

    Intram Investment's Sunrise City Plaza in Kissimmee will be anchored by a 46,500-square-foot Publix, which will replace the store at Poinciana Place. Intram officials have been mum on tenants, but a new site plan filed this week with the South Florida Water Management District identifies Publix...

  • Miami-based developer planning huge new retail center across from The LOOP

    Miami-based developer planning huge new retail center across from The LOOP

    Miami-based Courtelis Company is planning a new retail center on 50 acres across Osceola Parkway from The LOOP in Kissimmee. Courtelis has had the property under contract since late June, but has not submitted any plans to the city yet.  Leasing agents for the company discussed the project with...

  • Osceola tourism council skeptical of proposal to expand sports facilities

    Osceola tourism council skeptical of proposal to expand sports facilities

    Members of Oscoela County's Tourist Development Council (TDC) voiced skepticism Thursday over a consultant's recommendation that the county spend more than $100 million on new sports facilities. The county hired Hunden Strategic Partners (HSP) to evaluate the facilities at Osceola Heritage Park...

  • St. Cloud waiving road impact fees for restaurants, hotels & other targeted businesses

    St. Cloud waiving road impact fees for restaurants, hotels & other targeted businesses

    If you're thinking about opening a new restaurant or hotel in St. Cloud, you might want to act in the next 17 months to take advantage of new economic development incentives for targeted businesses. The City Council in late July voted to waive road impact fees through the end of 2017 for specific...

  • Osceola developer planning 246-lot subdivision in Westside corridor

    Osceola developer planning 246-lot subdivision in Westside corridor

    Kissimmee-based JTD Land Co. is moving forward this year with plans for a 246-lot subdivision near the intersection of Westside Boulevard and Goodman Road. JTD Land Co., which currently has active residential projects in Kissimmee and Ocoee, was created by James Davis and Craig Harris, president...

  • Daryl Carter-led investment group buys Osceola lakefront property for $1.3M

    Daryl Carter-led investment group buys Osceola lakefront property for $1.3M

    An investment group led by Orlando real estate broker Daryl Carter has purchased 236.5 acres in rural Osceola County on the Alligator Chain of Lakes. The three parcels include roughly 100 developable acres, and more than 100 acres of submerged land on Coon Lake. The president of Maury L. Carter...

  • Dewberry: Judge Farms construction to start within a month

    Dewberry: Judge Farms construction to start within a month

    Dewberry is about 30 days out from getting a permit to start building the 130-acre lake that will be the centerpiece of a new high-tech research park at Judge Farms. "Once we get the permit, we will immediately start construction," Vice President Kevin Knudsen told GrowthSpotter. The man-made lake...

  • Orlando physician invests in Kissimmee's E192 tech corridor

    Orlando physician invests in Kissimmee's E192 tech corridor

    An Orlando gastroenterologist has purchased a prime commercial lot on E192 right in front of the new Florida Advanced Manufacturing Research Center. Muhammed Mohiuddin, who has a practice in St. Cloud, paid $1.2 million through an LLC affiliate in late July for the 3-acre lot. His practice is Gastro...

  • Tupperware sells two Kissimmee shopping centers for combined $121M

    Tupperware sells two Kissimmee shopping centers for combined $121M

    Tupperware Brands and O'Connor Capital Partners have sold The Crosslands shopping center at the northwest corner of Osceola Parkway and Orange Blossom Trail (U.S.441) in Kissimmee for $98 million. The joint venture partners also sold the neighboring Cinque Terre shopping center, on the south side...

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  • Litigation stalls vacation home resort on former 53-acre Disney property

    Litigation stalls vacation home resort on former 53-acre Disney property

    Litigation between a Brazilian land owner and a Winter Park luxury homebuilder has stalled development of a vacation home resort on 53 acres of former Disney property. A pair of Brazilian investors, Ronaldo Toccafondo and Emerson Simão, partnered with All Star Vacation Homes CEO Steve Trover and...

  • Qatar-based ADMC buying second historic hotel in St. Cloud

    Qatar-based ADMC buying second historic hotel in St. Cloud

    The same construction company that recently bought the 106-year-old St. Cloud Hotel is now in the process of buying its second historic downtown hotel. ADMC International CEO Albert Leka told GrowthSpotter he expects to close in mid-September on the Hunter Arms Hotel, which was built in 1925. "It's...

  • Osceola wants neighboring counties to pitch in on W192 'Beautivacation'

    Osceola wants neighboring counties to pitch in on W192 'Beautivacation'

    Osceola County officials were hoping Wednesday's Four Corners Summit could help launch serious discussions about a plan to extend the sidewalk and "Beautivacation" project on W192 all the way to U.S. 27 in Polk County. "Today was a great first step," said David Buchheit, executive director of the...

  • Winter Park developer seeks rezoning for 377-unit Kissimmee apartment project

    Winter Park developer seeks rezoning for 377-unit Kissimmee apartment project

    A Winter Park apartment developer that specializes in affordable housing is seeking land use and zoning changes for a 377-unit complex on Old Vineland Road in Kissimmee. Atlantic Housing Partners has filed a PUD application with the City of Kissimmee and goes before its Development Review Committee...

  • St. Cloud Prep sale provides cash for new building, growth in Stevens Plantation

    St. Cloud Prep sale provides cash for new building, growth in Stevens Plantation

    A Portland, Oregon charter school company paid $10 million last week for the 10-acre site in Stevens Plantation that is home to St. Cloud Preperatory Academy. The K-8 charter school is planning to build a new 20,000-square-foot permanent building to house its elementary program. Taft Morley, finance...

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  • Regional toll road agreement clears first hurdle at OCX

    Regional toll road agreement clears first hurdle at OCX

    The Osceola County Expressway Authority unanimously approved a three-way contract on Tuesday with the county and Central Florida Expressway Authority for the regional agency to take over construction and operation of future toll roads. The interlocal agreement also spells out when and how CFX could...

  • Construction on new Kissimmee parking garage to start Aug. 1

    Construction on new Kissimmee parking garage to start Aug. 1

    The City of Kissimmee will shut down its Toho Square parking lot Aug. 1 to start construction on a $7 million parking garage, which will be the first phase of a $65 million plan to redevelop two entire city blocks of the downtown lakefront district. "I honestly didn't think we'd get it done, but...

  • Osceola moving forward with Bus Rapid Transit on W192 tourism corridor

    Osceola moving forward with Bus Rapid Transit on W192 tourism corridor

    Osceola County Manager Don Fisher has told members of the W192 Development Authority he plans to use $3.5 million of the district's tax revenue for a federal application to add mass transit on the tourist corridor. Fisher informed the authority members last week before presenting his budget recommendation...

  • Osceola County planners underwhelmed by motel conversion plan near Tech Farm

    Osceola County planners underwhelmed by motel conversion plan near Tech Farm

    A New York investment adviser was hoping to walk out of Wednesday's pre-application meeting with a green light from Osceola County staff to pursue plans for a motel conversion to affordable housing units, right at the Florida Turnpike exit on E192. Instead he learned his proposed site, the Budgetel...

  • Darden to build new Bahama Breeze next to Kissimmee's The Loop

    Darden to build new Bahama Breeze next to Kissimmee's The Loop

    Darden Restaurants has confirmed plans to build a new Bahama Breeze Island Grille -- the company's sixth Orlando-area location -- on Osceola Parkway next to The Loop shopping center. The Orlando-based restaurant corporation has signed a ground lease for an outparcel in front of the Ashley Home...

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