Residential Property Developments

  • CalAtlantic pays $4.6M for Phase 2 of Sedona subdivision in Kissimmee

    CalAtlantic pays $4.6M for Phase 2 of Sedona subdivision in Kissimmee

    CalAtlantic Group paid $4.6 million last week to buy Phase 2 of Sedona, a 220-acre subdivision between Kissimmee and Poinciana. Developer Max Sabeti told GrowthSpotter the community on Ham Brown Road is approved for 378 lots. He has a deal with Maronda Homes for Phase 1, which includes 191 homesites...

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

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

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

  • Osceola Commissioners enact 6-month moratorium on new development

    Osceola Commissioners enact 6-month moratorium on new development

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

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

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

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

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

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

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

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

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

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

  • Osceola Commissioners considering 6-month moratorium on new development

    Osceola Commissioners considering 6-month moratorium on new development

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

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

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

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

  • Lakefront land in Dr. Phillips sells for $45M+ to three housing developers

    Lakefront land in Dr. Phillips sells for $45M+ to three housing developers

    Three national developers closed last week for more than $45 million combined on 85 upland acres in Dr. Phillips, where 760-plus housing units are planned on what one builder calls the best residential infill site in Greater Orlando.  Based southwest of the intersection of Sand Lake and Turkey...

  • Developer wants to build affordable senior housing in St. Cloud's Stevens Plantation

    Developer wants to build affordable senior housing in St. Cloud's Stevens Plantation

    A Winter Park developer who just completed the second Madison Crossing senior housing complex on Kissimmee's E192 is eyeing a lot on St. Cloud's Stevens Plantation for a similar project. American Residential Development LLC (ARD) currently has a $1 million purchase contract for 4.5 acres in Stevens...

More News

  • Kissimmee City Council approves Park Square's new plan for Sonoma Resort

    Kissimmee City Council approves Park Square's new plan for Sonoma Resort

    For the second time this year, Park Square Homes is abandoning the vacation home business at one of its Kissimmee resort communities. The Kissimmee City Council voted Tuesday night to approve a new Planned Unit Development (PUD) and Developer Agreement with Park Square for Sonoma Resort in the...

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

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

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

  • Haines City approves 349-home gated community on Little Lake Hamilton

    Haines City approves 349-home gated community on Little Lake Hamilton

    Haines City Commissioners this month approved a modified Planned Unit Development (PUD) and preliminary plat for a 349-home subdivision on Little Lake Hamilton. Marsan Real Estate Group is the developer for the gated community that stretches from Scenic Highway to U.S. 27. Owner Jean Marsan was...

  • Disney reaches deal with Mattamy Homes for Celebration Island Village

    Disney reaches deal with Mattamy Homes for Celebration Island Village

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

  • Lennar to add new section to Storey Lake on Westgate parcel

    Lennar to add new section to Storey Lake on Westgate parcel

    Lennar won approval Wednesday from Osceola County for a 95-acre expansion of its booming Storey Lake Resort in Kissimmee. Storey Lake, located at the intersection of Osceola Parkway and Vineland Road (S.R. 535), is approved for approximately 2,000 homes. The community offers condos, townhomes,...

  • CenFla homebuilders to feel effects of Harvey and Irma for months to come

    CenFla homebuilders to feel effects of Harvey and Irma for months to come

    Central Florida homebuilders are bracing for the inevitable labor and supply shortages to come after the historic back-to-back hurricanes in Texas and Florida. "In short and sweet terms, my expectation is everything is going to take a little longer to get done, and it’s going to cost more," said...

  • ContraVest eyes January start on new 230-unit Clermont apartment complex

    ContraVest eyes January start on new 230-unit Clermont apartment complex

    Altamonte Springs-based ContraVest should break ground in January on a 230-unit "Class A" apartment community in Clermont near the intersection of U.S. 27 and S.R. 50. It will be the fifth of the company's "Addison" branded complexes in active development in the Orlando metro area. The multifamily...

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

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

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

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

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

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

  • Veigle Properties pursues rezoning of land near Poinciana SunRail station

    Veigle Properties pursues rezoning of land near Poinciana SunRail station

    Winter Park real estate investors Jim and Charles Veigle are seeking to rezone a 120-acre parcel across from Poinciana High School for up to 720 residential units. The brothers have owned the land since 1994 and previously used it as a borrow pit, which left the site with 50 acres of lakes, Jim...

  • 8,300-plus acres rich in limestone marketed in growth path of The Villages

    8,300-plus acres rich in limestone marketed in growth path of The Villages

    It’s a mind-boggling land sale: 8,354 acres of raw land listed at more than $49 million, close to four major Florida highways and less than an hour’s drive from Orlando. The nearly 13-square-mile property is a wide-open canvas for future mixed-use development, according to Clinton G. Wallace, principal...

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

    AV Homes prepping for new subdivision at entrance to Poinciana Parkway

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

  • Tavistock & GOAA agree on sale price for first half of Poitras Property

    Tavistock & GOAA agree on sale price for first half of Poitras Property

    Tavistock Development Company has agreed to pay more than $63.745 million to the city of Orlando and Greater Orlando Aviation Authority (GOAA) for the first 1,162 acres of "Poitras Property" south of Orlando International Airport. Orlando's City Council approved the deal with Tavistock back in...

  • Tavistock's Sunbridge passes first step of Orange Comp Plan amendment

    Tavistock's Sunbridge passes first step of Orange Comp Plan amendment

    Tavistock Development Company took its first step Thursday to amend Orange County's Future Land Use Map (FLUM) for a 4,787-acre portion of its proposed Sunbridge community, with another four steps of county and state approval that lie ahead over the coming year.   What passed Thursday was a recommendation...

  • Feltrim Group expands nautical-themed residential project in Haines City

    Feltrim Group expands nautical-themed residential project in Haines City

    Davenport-based Feltrim Group is expanding its newest residential community: Tarpon Bay. Haines City Commissioners had approved rezoning in May for the 60-acre, nautical-themed community on Roe Road, GrowthSpotter reported May 24. The project is a block south of Haines City High School. Feltrim...

  • Owner wants to reboot condo project next to Bahama Bay with townhomes

    Owner wants to reboot condo project next to Bahama Bay with townhomes

    The owner of a partially built condo community next to Davenport's Bahama Bay Resort wants to reboot the community by switching from condos to townhomes. ICM Development Group founder Carlos Balzola acquired the 24-acre parcel in the Westside Planned Development (PD) in 2012, and brought in additional...

  • Two Kissimmee apartment complexes sell for combined $90M

    Two Kissimmee apartment complexes sell for combined $90M

    A pair of Kissimmee apartment communities both located just off John Young Parkway changed hands last week to different buyer groups for nearly $90 million. Virginia-based Chandler Management Corp. paid $49.5 million on Aug. 8 for the Lake Tivoli Apartments. The 384-unit complex was developed in...

  • Developers cry foul over St. Cloud utility agreement demands

    Developers cry foul over St. Cloud utility agreement demands

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

  • Blake-Wilder brings land acquisition consultancy model to Orlando market

    Blake-Wilder brings land acquisition consultancy model to Orlando market

    Companies in Greater Orlando have outsourced their legal, engineering and surveying work for decades when it comes to real estate development. Now land acquisition consultancy Blake-Wilder Strategies is two months in to staking its claim as the market's next competitive advantage. Active in eight...

  • Disney closing in on new buyer for Celebration Island Village

    Disney closing in on new buyer for Celebration Island Village

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

  • IBI Group seeking new permits for 3,000-home BK Ranch project

    IBI Group seeking new permits for 3,000-home BK Ranch project

    Entitlement specialist IBI Group is rebooting the 948-acre BK Ranch mixed-use project south of Kissimmee with a new round of permit applications. The firm had been seeking a Comprehensive Plan Amendment in 2015 for a Mixed-Use district. At the time the property had a developer on board, GreenPointe...

  • Elevation Development eyeing Osceola site for latest residential project

    Elevation Development eyeing Osceola site for latest residential project

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

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

    Osceola DRC approves Tavistock's Sunbridge Phase 1 concept plan

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

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

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

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

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

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

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

  • Hanover Capital Partners launching new homebuilding division

    Hanover Capital Partners launching new homebuilding division

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

  • Plans filed for new subdivision next to Davenport's Providence golf community

    Plans filed for new subdivision next to Davenport's Providence golf community

    Local developer Prajesh Mohan has a purchase contract on roughly 80 acres on Davenport's Ronald Reagan Parkway next to the Providence golf community, and is in permitting for a 199-lot subdivision. The site, called Tivoli Reserve, was previously approved for a high-density townhouse project, but...

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

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

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

  • New subdivision planned on former St. Cloud Airfield property

    New subdivision planned on former St. Cloud Airfield property

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

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

    Lennar under contract for 30 acres next to ChampionsGate Country Club

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

  • Park Square Homes changing course on Veranda Palms resort development

    Park Square Homes changing course on Veranda Palms resort development

    Following through with a strategic phaseout of its vacation home business, Park Square Homes is looking to split off the undeveloped phases in its Veranda Palms resort in Osceola County, and launch them as a primary residential neighborhood. Park Square won approval in 2013 for the Short Term Rental...

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

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

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

  • D.R. Horton pays $3M for 33-acre parcel in Ocoee slated for new subdivision

    D.R. Horton pays $3M for 33-acre parcel in Ocoee slated for new subdivision

    Homebuilder D.R. Horton paid $3 million on June 20 for 33 acres in Ocoee, and plans to start construction next month on a 140-lot subdivision. Horton bought the land from an affiliate of IBI Group, which led the project through the city's permitting process. The subdivision, called Oak Trail Reserve,...

  • Kettler projects $115M investment in Celebration, rapid FL expansion

    Kettler projects $115M investment in Celebration, rapid FL expansion

    Multifamily and mixed-use developer Kettler expects its planned luxury apartment community in Celebration to be the first of several deals in Central Florida as the company looks to gain a foothold in the Greater Orlando market, CEO Robert C. Kettler told GrowthSpotter.  "This development transaction...

  • Food halls latest trend in mixed-use developments, experts say

    Food halls latest trend in mixed-use developments, experts say

    As developers of high-end mixed-use buildings look for ways to offer unique dining options to their residents, many are now turning to food halls as a key element in their retail mix. "As we right-size retail now, chef-driven food halls work because people want to live locally," Bayer Properties...

  • Narcoossee land assemblage slated for live-work development

    Narcoossee land assemblage slated for live-work development

    The city of St. Cloud will consider an annexation request for 11.5 acres assembled on Narcoossee Road for a proposed live-work development. The case goes to the city's Planning Commission on June 20. The four parcels lie on the west side of Narcoossee, just across Rummell Road from Turtle Creek....

  • Nalcrest planning first major expansion of retirement community in east Polk

    Nalcrest planning first major expansion of retirement community in east Polk

    A Polk County community that was built in 1963 as low-cost housing for retired post office workers is planning for its first ever expansion. Nalcrest has applied to the county for a Comprehensive Plan Amendment (CPA) for 41 acres of undeveloped property north of the 500-unit retiree village. The...

  • Local developer group seeks rezone for luxury senior condos in Kissimmee

    Local developer group seeks rezone for luxury senior condos in Kissimmee

    Orlando developer Tom Ginther is seeking a land use change and rezoning for 40 acres near Shingle Creek Regional Park for a luxury retirement development. "We're excited about it," Ginther told GrowthSpotter on Friday. "We think it's one of the most beautiful pieces of property in the city of Kissimmee."...

  • Two separate developers planning live-work spaces in Osceola County

    Two separate developers planning live-work spaces in Osceola County

    Two separate developers are in early-stage planning for combined live-work spaces on opposite ends of Osceola County. Broker Mark Allen with Commercial Real Estate Professionals met with county planning staff on Wednesday to discuss site plan issues for a three-parcel assemblage at the northeast...

  • AV Homes wants to build townhomes by new Valencia College Poinciana campus

    AV Homes wants to build townhomes by new Valencia College Poinciana campus

    Developer AV Homes is planning to build 102 townhomes within walking distance of the new Valencia College Poinciana Campus, but the plan would require converting approved residential lots in its luxury, gated Bellalago neighborhood for multifamily use. The 10-acre site is just south of the college...

  • Developer looking for partners on Rollins College student housing venture

    Developer looking for partners on Rollins College student housing venture

    Winter Park developer Chris Hughes believes he's found the right location and design for a student housing venture near Rollins College that will blend in with the downtown neighborhood. Hughes, a principal of Wekiva Capital Partners, is modeling his "cottage style" student housing development...

  • Lennar prepping for more condos in next phase of Storey Lake Resort

    Lennar prepping for more condos in next phase of Storey Lake Resort

    Lennar Homes has begun prepping its fourth phase at Kissimmee's Storey Lake resort community, which is now one of Osceola County's fastest-growing developments. Osceola County planning staff have already recommended approval for a Phase 4 Preliminary Subdivision Plan that calls for 297 condos to...

  • Pulte to build next phase of townhomes in Lakeshore at Narcoossee

    Pulte to build next phase of townhomes in Lakeshore at Narcoossee

    Pulte Homes is moving forward with the second phase of its townhouse section at the popular Lakeshore at Narcoossee community in St. Cloud. The builder paid $5 million last week to buy the 9-acre parcel on Narcoossee Road, next to Narcoossee Elementary School.  The plat hasn't been recorded yet,...

  • Tavistock & GOAA seek more time to appraise Poitras land near OIA for sale

    Tavistock & GOAA seek more time to appraise Poitras land near OIA for sale

    Tavistock Development Company, the city of Orlando and Greater Orlando Aviation Authority (GOAA) need up to four more months to appraise 1,162 acres south of Orlando International Airport for prospective sale to the developer.  Orlando's City Council approved the deal with Tavistock back in January...

  • Tavistock files PSP for first 4 residential neighborhoods of Sunbridge in Orange

    Tavistock files PSP for first 4 residential neighborhoods of Sunbridge in Orange

    Tavistock Development Company filed a Preliminary Subdivision Plan (PSP) on Wednesday for the first four residential neighborhoods to be developed in the 4,787-acre Orange County portion of its proposed Sunbridge community. This initial phase of Sunbridge, comprised of neighborhoods A through D,...

  • AV Homes close to sales launch for final phase of Solivita

    AV Homes close to sales launch for final phase of Solivita

    AV Homes opens sales this month for the fifth and final phase of its highly successful Solivita active adult community, and the homebuilder is prepping new home sites at an accelerated pace to keep up with demand. Bob Kanjian, director of sales for the Arizona-based developer, told GrowthSpotter...

  • Haines City Commission approves pair of new residential projects totaling 400+ lots

    Haines City Commission approves pair of new residential projects totaling 400+ lots

    Haines City Commissioners this month approved a pair of rezoning requests for new residential subdivisions that will add more than 400 new home lots to the city. The larger of the two projects is in development by Feltrim Group, the same firm that is in the second phase of Balmoral Resort and is...

  • 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...

  • 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...

  • 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,"...

  • 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...

  • Orange planners prep new code to drive vertical redevelopment in Pine Castle Dist.

    Orange planners prep new code to drive vertical redevelopment in Pine Castle Dist.

    Orange County planners are working with stakeholders from a 500-acre area of the Pine Castle District to write a new form-based code that can drive dense, mixed-use redevelopment along a 3.8-mile stretch of S. Orange Avenue, with the Sand Lake SunRail station a focal point. Bounded by Hoffner Avenue...

  • 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...

  • Apopka picks $3.2M bid for lakefront 103 acres, will re-market other public land

    Apopka picks $3.2M bid for lakefront 103 acres, will re-market other public land

    Royal Oak Homes had its $3.2 million bid chosen this week by Apopka's City Council for a 103-acre lakefront property, which is zoned for low-density residential.  Located west of S.R. 451, south of Marshall Lake Road with frontage on Marshall Lake and northeast of the Breckenridge subdivision,...

  • 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...

  • 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...

  • Winter Haven to consider proposed 1,747-home, mixed-use community near U.S. 27

    Winter Haven to consider proposed 1,747-home, mixed-use community near U.S. 27

    Winter Haven officials are scheduled to vote this month on a proposed mixed-use development that could add more than 1,700 new homes near the intersection of U.S. 27 and Thompson Nursery Road. The city's Planning Commission has already recommended approval of the future land use and rezoning for...

  • 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...

  • 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...

  • Gator's Dockside on Narcoossee moves ahead, mixed-use & SFR land available

    Gator's Dockside on Narcoossee moves ahead, mixed-use & SFR land available

    Gator's Dockside could break ground in June on a new restaurant site northeast of Lake Nona and has yet to hire a broker to market adjacent pads for mixed use, while a neighboring land owner wants to tweak his zoning for potential sale to a church -- or homebuilder.  The Orlando-based restaurant...

  • 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...

  • 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...

  • Austin apartment developer eyes Orlando market entry via Universal Blvd

    Austin apartment developer eyes Orlando market entry via Universal Blvd

    Austin-based multifamily developer Aspen Heights Partners is pursuing its Orlando market entry via 26 acres on Universal Boulevard, with plans filed Friday for a 418-unit apartment complex on a site that was under contract to a competitor last year, right between the future Topgolf, Andretti Indoor...

  • KB Home launching new subdivisions in Groveland, Winter Haven

    KB Home launching new subdivisions in Groveland, Winter Haven

    KB Home has started construction and will open sales this summer on two new subdivisions in Groveland and Winter Haven.  Lake Lucerne in Winter Haven is a reactivated project that KB had purchased for $9 million in 2005. The 388-lot subdivision is divided into six develoment phases. Jim Reinert,...

  • Buyers & road work being lined up for 126-acre Apopka master-planned community

    Buyers & road work being lined up for 126-acre Apopka master-planned community

    A Tampa-based developer behind the 126-acre, master-planned Avian Pointe community in Apopka has prospective buyers for several of the segments, and could start construction this summer on a new interconnector road.  Initially proposed in 2014, the project was described at the time as Apopka's...

  • 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...

  • Contractors sought to aid mixed-use planning on Narcoossee Road lakefront

    Contractors sought to aid mixed-use planning on Narcoossee Road lakefront

    A Saudi Arabian investor will seek a landscape architect and more in the coming weeks to refine plans for 35 acres on Lake Whippoorwill east of the Lake Nona Landing shopping center, the project's development coordinator told GrowthSpotter.  Paperwork for a Specific Parcel Master Plan was filed...

  • Rare Builders buys lakefront College Park acre lot for redevelopment

    Rare Builders buys lakefront College Park acre lot for redevelopment

    Altamonte Springs-based custom homebuilder Rare Builders paid $1.4 million in late March for a lakefront acre in College Park, drawn by the prospect of subdividing to redevelop for multiple homes.  Located at 1516 W. Ivanhoe Blvd., the 1.17-acre property currently features a 64-year-old home with...

  • Better Built Homes launching new townhouse project on U.S. 27

    Better Built Homes launching new townhouse project on U.S. 27

    Polk developer and homebuilder Jean Marsan has broken ground on a 40-unit townhouse development on the U.S. 27 corridor, just north of Heart of Florida Hospital. Marsan, owner of Marsan Realty and Better Built Homes, bought the 5-acre parcel on Holly Hill Grove Road in December for $182,000. The...

  • 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...

  • 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...

  • Developer files mixed-use plans to redevelop Apopka's Errol golf course

    Developer files mixed-use plans to redevelop Apopka's Errol golf course

    Celebration-based developer Signature H Property Group submitted a master plan on Friday to redevelop parts of the 400-acre Apopka Golf and Tennis Club at Errol Estates, and believes it has a new mixed-use model to save ailing golf courses, a lead executive with the company told GrowthSpotter. ...

  • NY-based investor pays $64M for apts near Baldwin Park, plans $1M in reno

    NY-based investor pays $64M for apts near Baldwin Park, plans $1M in reno

    Affiliates of New York-based White Eagle Property Group paid more than $64.13 million in late March for the 480-unit Auvers Village apartments near Orlando's Baldwin Park, its 12th asset in Central Florida and second local acquisition within the past five months.  The company should invest another...

  • Developers continue to seek multifamily sites near Valencia College East Campus

    Developers continue to seek multifamily sites near Valencia College East Campus

    Another property owner near the Valencia College East Campus is seeking to revise the Expressway Center Planned Unit Development to build apartments. Private Equity Solutions (PES), which bought nearly 20 acres of mostly wetland property in the PUD, applied to Orange County within the past week...

  • Controversial apartment development in Dr. Phillips moves forward

    Controversial apartment development in Dr. Phillips moves forward

    Atlanta-based Wood Partners is moving forward with the second phase of its Dr. Phillips-area The Rialto apartments on Spring Lake. The developer filed a Development Plan (DP) with Orange County last week for the five-story complex, with only minor changes from the proposal that generated enough...

  • 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...

  • 2 multi-family properties near Disney sell for $102.3 million

    2 multi-family properties near Disney sell for $102.3 million

    Two large multi-family complexes on Little Lake Bryan near Walt Disney World Resort were sold by J.P Morgan Investment Management to affiliates of Ares Capital Corp., according to deeds dated March 24 and recorded in Orange County March 29. Chatham Square Multi-Family LLC sold its property at 8161...

  • Golden Oak custom home sells for whopping $6.84 million

    Golden Oak custom home sells for whopping $6.84 million

    Orlando-based Jones Clayton Construction Inc. sold a recently completed custom home in Disney's Golden Oak development, and the sales price was more than double the average home price for the last 12 months in the exclusive resort community. The two-story, 7,655-square-foot home sold for $6.84...

  • Blurock and Intram partner on land for retail center near Mattamy's Randal Park

    Blurock and Intram partner on land for retail center near Mattamy's Randal Park

    Local developers Intram Investments and Blurock Commercial Real Estate are partnering on their fourth retail project together, with land under contract in Southeast Orlando for a shopping center near Mattamy Homes' growing Randal Park community.  Located on the northeast corner of Dowden Road and...

  • Solar-powered neighborhood expanding in the shadow of The Villages

    Solar-powered neighborhood expanding in the shadow of The Villages

    A development of solar-powered homes in the shadow of The Villages in Lady Lake is growing, fueled by customer interest in energy-efficient homes with solar panels that cut their electric bills to almost nothing. Green Key Village developer and builder Greg Thomas and his wife, Kim Thomas, of MainSail...

  • 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 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...

  • Goldelm & Michaelson pay $19.4M for apts property on Conway Road

    Goldelm & Michaelson pay $19.4M for apts property on Conway Road

    An affiliate of Colorado Springs-based Goldelm Apartments paid $19.4 million on Thursday for the 200-unit Park at Salerno apartments in East Orlando, partnering on the purchase with a long-time minority stakeholder and property manager.  Located at 2100 S. Conway Road, the 9.5-acre property features...

  • 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...

  • Venterra pays $78.5M for District apts on Universal Blvd, drawn by retail value-add

    Venterra pays $78.5M for District apts on Universal Blvd, drawn by retail value-add

    Ontario-based multifamily owner/operator Venterra Realty paid $78.5 million on March 9 for the 425-unit The District apartments on Universal Boulevard, drawn to the value-add potential of vacant retail space in the growth epicenter of Orlando's tourism corridor, a lead executive with the company...

  • 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...

  • Sanford & Coral Gables developer close to deal on $50M downtown project

    Sanford & Coral Gables developer close to deal on $50M downtown project

    A deal between the City of Sanford and a Coral Gables-based developer to redevelop three downtown city blocks appears imminent after six months of negotiations. The development, dubbed Heritage Park, would be a $50 million mixed-use project that partially overlooks Lake Monroe, made up of 37,750...

  • 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...

  • 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...

  • 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...

  • 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...

  • InVictus Development's Parramore project back on track for state funding

    InVictus Development's Parramore project back on track for state funding

    The Florida Housing Finance Corp. (FHFC) board unanimously rejected a legal challenge on Wednesday that was stalling several affordable housing developments in Florida's most populous counties, including the planned redevelopment of 6.34 acres in Downtown Orlando known as "Parramore Oaks."  Tampa-based...

  • ContraVest buys land on Universal Blvd for second-phase apartments

    ContraVest buys land on Universal Blvd for second-phase apartments

    Altamonte Springs-based ContraVest paid just over $7.07 million on Tuesday for the site of its second phase of apartments on Universal Boulevard, with an expectation to break ground by April, a lead executive with the company told GrowthSpotter.  The developer, builder and manager of market rate...

  • Winter Park seeks bids from residential developers for Blake Yard site

    Winter Park seeks bids from residential developers for Blake Yard site

    The City of Winter Park will seek purchase bids and development proposals over the next month for a 0.45-acre public property in its downtown envisioned for new townhomes, according to a Notice of Disposal published on Monday. Located at 301 W. Comstock Ave., one and a half blocks from Park Avenue,...

  • Meritage & Greystar under contract for parts of Grenada land in Dr. Phillips

    Meritage & Greystar under contract for parts of Grenada land in Dr. Phillips

    A national homebuilder and multifamily developer have emerged as contracted buyers for about 56 of 85 acres along Turkey Lake Road that are considered one of the last large infill opportunities in the Dr. Phillips housing submarket. Based southwest of the intersection of Sand Lake and Turkey Lake...

  • Sun Terra in talks with Meritage Homes for San Pedro land

    Sun Terra in talks with Meritage Homes for San Pedro land

    Eco-friendly builder Meritage Homes has been named as possible developer or exclusive homebuilder for a new 700-home community planned on the 200-acre San Pedro Center land previously owned by the Catholic Diocese of Orlando. Sun Terra Communities, backed by New York private equity firm JEN Partners...

  • The Villages buys more land in Leesburg

    The Villages buys more land in Leesburg

    The Villages Land Co. LLC bought 241 acres in Leesburg for $4.3 million from Pride Homes of Lake County, per a deed recorded Feb. 6. The land is on the west side of the Florida Turnpike, north of State Road 470 and east of the Sumter County line. As is its custom, The Villages did not return calls...

  • 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...

  • 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...

  • Metro Development eyes FL markets outside Orlando due to land prices

    Metro Development eyes FL markets outside Orlando due to land prices

    Metro Development Group, which is readying four large residential communities for development along Florida’s west coast, is taking a pass on the Greater Orlando market, at least for now. Metro president Greg Singleton told GrowthSpotter on Thursday the company can’t make its business model work...

  • 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...

  • State funding for Parramore redevelopment project could be tied up by legal challenges

    State funding for Parramore redevelopment project could be tied up by legal challenges

    A Winter Park developer specializing in affordable housing has a week to decide whether to continue a legal challenge that has delayed the funding award for Orlando's Parramore Oaks redevelopment project. The Orlando City Council in December unanimously approved the development plan submitted by...

  • 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...

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