Residential Property Developments

  • 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 --...

  • Nashville investor pays $49M for newly-built apts in Altamonte Springs

    Nashville investor pays $49M for newly-built apts in Altamonte Springs

    Nicol Investment Co., an active investor in large, mixed-use developments around the country, paid $49.1 million last week for the newly-built Crescent Gateway apartment community in Altamonte Springs. Rebranded as Nine 12 Gateway, the 249-unit complex at Inspiration Avenue and Gateway Drive was...

  • InVictus has contracts for city's Parramore 6 acres, readies LIHTC application

    InVictus has contracts for city's Parramore 6 acres, readies LIHTC application

    Tampa-based InVictus Development, which earned Orlando's approval earlier this year for its "Parramore Oaks" redevelopment plan in downtown, has purchase agreements ready for the city's 6.34 acres, and will seek a construction loan of nearly $14 million in the coming semester, the company's president...

  • Tennessee-based developer buys industrial land near Winter Park for Class A apts

    Tennessee-based developer buys industrial land near Winter Park for Class A apts

    Tennessee-based multifamily developer and builder TDK Construction Company paid $5.64 million on Tuesday to enter the Florida market, buying nearly 17 acres in northeast Orange County with entitlements for a 332-unit Class A apartment complex.  The company is now sourcing a construction loan for...

  • Phil Kean Design Group to expand office footprint in Winter Park

    Phil Kean Design Group to expand office footprint in Winter Park

    Phil Kean Design Group plans to close within the next month on two property purchases in Winter Park near its office building row on W. Fairbanks Avenue, with an aim to expand staff parking and build two new townhomes.  Company principals Phil Kean and Brad Grosberg own three small office/retail...

  • David Weekley buys 3rd site for Downtown Orlando townhomes on Fern Creek Ave

    David Weekley buys 3rd site for Downtown Orlando townhomes on Fern Creek Ave

    Production builder David Weekley Homes is planning 10 townhomes on a half-acre site on Fern Creek Avenue in Downtown Orlando, its third such project in the downtown submarket to break ground next year, the company's local division president told GrowthSpotter.  An affiliate LLC paid $600,000 on...

  • Newly-formed Robbins Electra buys Lake Ellenor-area apts for $26.2M

    Newly-formed Robbins Electra buys Lake Ellenor-area apts for $26.2M

    Tampa-based multifamily owner-operator Robbins Electra paid $26.2 million on Wednesday for the 296-unit Landmark at Lake Ellenor apartments, it's eighth asset in the Greater Orlando market, and will invest another $2.2 million in renovations, the company's CEO told GrowthSpotter.  Located at 2100...

  • Tavistock clears Sunbridge hurdles with Orange County BCC approval

    Tavistock clears Sunbridge hurdles with Orange County BCC approval

    Tavistock Development Company cleared its biggest hurdle yet on Tuesday for the 4,787-acre Orange County portion of its proposed Sunbridge community, earning commissioners' unanimous approval on a Comprehensive Plan amendment, and components including a Future Land Use Map change, Urban Growth...

  • 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...

  • Toronto-based REIT buys Windermere apts for $56M as part of portfolio deal

    Toronto-based REIT buys Windermere apts for $56M as part of portfolio deal

    Toronto-based Milestone Apartments REIT paid $56 million on Nov. 22 for the 276-unit Casa Mirella apartments in Windermere, part of a six-property portfolio acquired from New Jersey-based Raia Properties Corp. first announced in late October, totaling roughly $242.2 million.  Milestone filed notice in...

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  • BREL Capital starts on Mall at Millenia-area apartments, preps Maitland site

    BREL Capital starts on Mall at Millenia-area apartments, preps Maitland site

    Fort Lauderdale-based multifamily developer BREL Capital has begun site work on a 403-unit second phase of its Millenia 700 apartments southeast of the Mall at Millenia, one of three new developments in Florida it's planning with general contractor Wieland.  A site plan was initially approved in...

  • Clearwater developers planning 89-lot subdivision in Four Corners

    Clearwater developers planning 89-lot subdivision in Four Corners

    Clearwater developer Mike Galvin will seek approval from Polk County's Development Review Committee next month for a 95-lot subdivision in the Four Corners area, just south of Reunion Resort. Galvin and business partner R. Tom Chapman's Tanglewood Land Investments snatched up the 125 acres of mostly...

  • NY-based multifamily investor pays $28.6M for value-add apts in Winter Park

    NY-based multifamily investor pays $28.6M for value-add apts in Winter Park

    Affiliates of New York-based White Eagle Property Group paid $28.65 million on Wednesday for the 252-unit Cranes Landing Apartments in Winter Park, and will invest another $1 million in renovation work, the company's CEO told GrowthSpotter.  Located at 3440 N. Goldenrod Road, south of the intersection...

  • Owner behind MetroWest's Veranda Park revival plans 150-unit condo conversion

    Owner behind MetroWest's Veranda Park revival plans 150-unit condo conversion

    Canadian residential developer Geosam Capital is preparing to convert its 150-unit The Residences at Veranda Park apartments in MetroWest back to their original condominium state, with sales to start in January and development plans in review for an adjacent 13.5 waterfront acres, the company's...

  • 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...

  • Infrastructure plans filed for lakefront Grenada land in Dr. Phillips

    Infrastructure plans filed for lakefront Grenada land in Dr. Phillips

    Plans to subdivide and build initial road infrastructure were submitted Monday for one of the last large infill opportunities in the Dr. Phillips housing submarket, with more than 80 acres under contract to a national residential developer.  Based southwest of the intersection of Sand Lake and...

  • 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....

  • Nonprofit & developer seek GC for Clermont's first affordable apts in 20 yrs

    Nonprofit & developer seek GC for Clermont's first affordable apts in 20 yrs

    Local faith-based nonprofit New Beginnings is nearing the construction phase on a 96-unit affordable apartment complex in Clermont and has yet to choose a general contractor, the group's CEO told GrowthSpotter.  Planned for 9.66 acres on the east side of S. Grand Highway and south of Citrus Tower...

  • Atlantic Housing Partners preps East Orange business park site for multifamily

    Atlantic Housing Partners preps East Orange business park site for multifamily

    Winter Park-based Atlantic Housing Partners is preparing 18.5 acres in east Orange County for a 238-unit apartment complex. The site just north of the East-West Expressway (S.R. 408) and east of Valencia College's east campus was previously slated for a business park. The developer and land owner...

  • Large Groveland community plans call for rare water-saving measures

    Large Groveland community plans call for rare water-saving measures

    When owners of Villa City, a 2,467-acre assemblage north of Groveland in Lake County, started working to get approvals to develop the land a couple of years ago there was one big problem: they couldn’t show they had enough water available to sustain the thousands of homes planned. "Villa City came...

  • 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...

  • Modular construction developer proves concept in NYC, eyes Florida for growth

    Modular construction developer proves concept in NYC, eyes Florida for growth

    A 33-story prefabricated steel building recently completed in Brooklyn, N.Y., could become the model for future high-rise construction around the world, and in the Greater Orlando area. The tower at 461 Dean St. in Brooklyn is made almost entirely of rectangular modules, produced in a factory and...

  • 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...

  • Winter Park preps rezoning to aid sale of downtown Blake Yard site

    Winter Park preps rezoning to aid sale of downtown Blake Yard site

    Winter Park will pursue a final key step next week to position a 0.45-acre public property in its downtown for sale and development into townhomes.  Located at 301 W. Comstock Ave., one and a half blocks from Park Avenue, the property is surrounded by residential. Formerly known as the Blake Yard...

  • Lakefront land in Dr. Phillips area under contract for homes, new roads planned

    Lakefront land in Dr. Phillips area under contract for homes, new roads planned

    More than 80 acres with one of the last large infill development opportunities in the Dr. Phillips housing submarket is under contract for a mix of residential, and land owners are working with Orange County on a new road network to help future residents bypass one of Orlando's busiest intersections. ...

  • First Wellness Way development in Lake County lines up plan approval, land sale

    First Wellness Way development in Lake County lines up plan approval, land sale

    Lake County has approved a preliminary plan for Avalon Groves, a 987-acre development with approval for 1,659 homes and some neighborhood commercial development that would kick off new home construction in South Lake County’s Wellness Way area. Just before the Lake County Commission approval on...

  • 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...

  • 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...

  • Bainbridge nears land purchase, site work start on Lake Nona-area apts

    Bainbridge nears land purchase, site work start on Lake Nona-area apts

    Wellington, Fla.-based The Bainbridge Companies is an estimated two weeks away from closing on 15 acres along Lake Whippoorwill, and should start site work next month for a 288-unit apartment complex near the growing Lake Nona community. Located in the northeast quadrant of Narcoossee and Tyson...

  • 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...

  • NY developer plans $25M memory care facility in Apopka, mulls bonds to finance

    NY developer plans $25M memory care facility in Apopka, mulls bonds to finance

    New York-based MJM Associates, a developer and manager of special needs assisted living facilities, is reentering the Orlando market with plans for a new 125-bed project in Apopka, and expects to issue corporate bonds to partially finance it, the company's president told GrowthSpotter.  Dubbed...

  • ABD Development to kick off second phase of Providence golf community

    ABD Development to kick off second phase of Providence golf community

    Luxury homebuilder ADB Development Company will break ground in December on Phase 2 of Providence, a 2,215-acre master-planned golf course community in Davenport. Providence is approved for more than 4,800 residential units with 2,048 entitled in Phase 1. Master developer ABD has completed more...

  • 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...

  • Dominium kicks off $1M renovation of Orlando apartment complex

    Dominium kicks off $1M renovation of Orlando apartment complex

    Minnesota-based Dominium Inc., the nation's second-largest developer and manager of affordable housing, paid $9 million last week for a 144-unit apartment complex on Cinderlane Parkway just south of Orange Blossom Trail. The company bought the 32-year-old complex under the affliate name Orlando...

  • Winter Garden gains traction with new downtown living developments

    Winter Garden gains traction with new downtown living developments

    In another step toward making Downtown Winter Garden a place where people can live, work and play, the City Commission recently gave its initial stamp of approval for a downtown townhome development at the southeast corner of West Plant Street and South Park Avenue. F&J Developers LLC received...

  • Homebuilder LGI planning 364-lot subdivision of starter homes in Davenport

    Homebuilder LGI planning 364-lot subdivision of starter homes in Davenport

    Fast-growing LGI Homes is planning its fourth Orlando-area residential community, designed and priced to appeal to first-time homebuyers. The Houston-based homebuilder has 76 acres in Davenport under contract, just north of Ridge Community High School. Alex Azan, land manager for LGI, is scheduled...

  • 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...

  • New policy would promote residential redevelopment near PS-8 Parramore school

    New policy would promote residential redevelopment near PS-8 Parramore school

    Orlando's planning division wants to incentivize residential redevelopment around the Parramore PS-8 community school now under construction downtown, and has new policy in the pipeline to encourage that transition for more than 11 acres north of the school that's now light industrial, or vacant...

  • Sanford & Coral Gables developer kick off negotiations for downtown land

    Sanford & Coral Gables developer kick off negotiations for downtown land

    A South Florida developer wants the City of Sanford to give the company 5.5 acres of city-owned land in its historic downtown, in exchange for building a mixed-use development that would add an estimated $50 million to the tax rolls and hundreds of new jobs. Sanford commissioners and Torre Companies...

  • Tampa developer building modern, luxury townhomes in Providence golf community

    Tampa developer building modern, luxury townhomes in Providence golf community

    Tampa developer FID Capital Group is breaking the mold in Davenport's Providence golf community with new modern Golf Club Villa townhomes.  The 101-unit townhouse community is adjacent to the community's clubhouse, and more than half of the units will have unobstructed views of the first and 18th...

  • Tavistock faces closing deadline for Sunbridge agreements in coming month

    Tavistock faces closing deadline for Sunbridge agreements in coming month

    Finalizing three public school sites, appraising land for a central park and agreeing on future road connections with a neighbor are key tasks  for Tavistock Development Company over the coming month to stay on track with rezoning the Southeast Orange County portion of its proposed Sunbridge community...

  • Unicorp buys land for Griffin Farms, sells part to investor partnering on homes

    Unicorp buys land for Griffin Farms, sells part to investor partnering on homes

    Developers of the Griffin Farms Town Center in Lake Mary's emerging Midtown district purchased 33.4 acres of grazing land this week that will soon be prepped for the $200 million commercial and residential development. Chuck Whittall’s Unicorp National Developments bought the land through an affiliate...

  • ContraVest buys land for new $49.8M Windermere apartments, seeks subs

    ContraVest buys land for new $49.8M Windermere apartments, seeks subs

    Altamonte Springs-based ContraVest projects to break ground Sept. 1 on its 316-unit Addison at Windermere apartment community after paying $6.95 million on Aug. 15 for the 15.85 acres, and is still hiring subcontractors, principal Steve Ogier told GrowthSpotter.  Located on Summerport Village Parkway,...

  • Antiques dealer to sell or build on one parcel, buy another for development

    Antiques dealer to sell or build on one parcel, buy another for development

    Chad Busby has his respective eyes on two different real estate prizes. One rests on an R2 residential parcel in Oviedo that’s zoned for duplexes and priced to sell. The other is an active hunt for an Oviedo or Winter Springs property where he can build and expand his business. The former, located...

  • Tramell Crow Residential files plan for 656 apts on Universal Boulevard

    Tramell Crow Residential files plan for 656 apts on Universal Boulevard

    Atlanta-based developer Tramell Crow Residential (TCR) filed plans on Wednesday for 656 apartments on 26 acres it's preparing to buy in the heart of Orlando's tourism corridor, northeast of Universal Boulevard and between planned sites of Topgolf, Andretti Indoor Karting & Games, and the bulk of Universal...

  • ContraVest files plan for second-phase apartments on Universal Boulevard

    ContraVest files plan for second-phase apartments on Universal Boulevard

    Altamonte Springs-based ContraVest is pressing forward with its second phase of apartments on Universal Boulevard, filing plans Tuesday with Orange County for 344 units northwest of the intersection with Destination Parkway.  The developer, builder and manager of market rate multifamily communities...

  • Wood Partners files new multifamily plan for east of tourism corridor

    Wood Partners files new multifamily plan for east of tourism corridor

    National apartment developer and manager Wood Partners filed plans Tuesday for its latest Orlando-area project, with 314 units proposed for east of the tourism corridor, next to a retail center planned by Toronto-based North American Development Group (NADG). Located on the northeast corner of...

  • Smaller version of Avalon Park development planned for Tavares

    Smaller version of Avalon Park development planned for Tavares

    Avalon Park Group has filed plans in Tavares to build a smaller version of its Avalon Park community on the shores of Lake Hermosa, bringing a potential 1,000-plus homes and mixed-use community just outside Eustis.  “We believe that we can repeat our success we had in Avalon Park in Orlando in...

  • Ormond Beach buyer drops $8M on 190 Orlando condo units, seeks more Class B/C

    Ormond Beach buyer drops $8M on 190 Orlando condo units, seeks more Class B/C

    Ormond Beach-based Lohman Apartments paid $8.08 million in early August for 190 condominium units in Northwest Orlando. Owners now have more under contract and up to $45 million from recent dispositions they're actively trying to place in new assets, a principal with the company told GrowthSpotter. ...

  • Apartment builder connected to NFL team owner charges into Sanford

    Apartment builder connected to NFL team owner charges into Sanford

    A national multifamily developer plans to build a 280-unit apartment complex in Sanford overlooking Lake Monroe. The Spanos Corp., an affiliate of AG Spanos Companies of Stockton, California, which has ties to the NFL's San Diego Chargers, wants to build five four-story apartment buildings with...

  • Tavistock fine-tunes zoning on 369 acres near USTA for commercial & new homes

    Tavistock fine-tunes zoning on 369 acres near USTA for commercial & new homes

    Plans filed by Tavistock Development Company with the City of Orlando last week clarify how it may develop 369.49 acres in Lake Nona around its USTA National Campus, with a mix of commercial, hotels, an 11-acre Crystal Lagoon and residential linked by a new road to the Lake Nona Golf & Country...

  • Park Square eyes starter townhomes for 40 acres near airport prepped by IBI Group

    Park Square eyes starter townhomes for 40 acres near airport prepped by IBI Group

    Park Square Homes has a wetland-heavy 40 acres in East Orange County under contract that IBI Group has led through rezoning and entitlement since last October, set for 156 townhomes five miles north of Orlando International Airport.  The homebuilder should close on the land in October, break ground...

  • Custom builder & Phil Kean partner on brownstones, broker & lender sought

    Custom builder & Phil Kean partner on brownstones, broker & lender sought

    Local custom home builders Tracey Smith and Michael Madden have tabbed Phil Kean Design Group for a 10-unit modern brownstone townhouse project in Downtown Orlando. It's a projected $6 million investment for which they've yet to choose a pre-sales broker or conventional lender, Smith told GrowthSpotter. ...

  • New high-speed color printers are winning converts in building professions

    New high-speed color printers are winning converts in building professions

    Larry Coughlin, account manager at the Longwood-based AXSA Imaging Solutions, remembers a time when construction plans were what many today would consider arty – more suitable for framing to set a vibe in the room than something actionable. “Blue paper with white lines,” he said in a recent interview....

  • Canadian developer files Regulating Plan for 1,000+ acres in SE Orange County

    Canadian developer files Regulating Plan for 1,000+ acres in SE Orange County

    Ontario-based developer DG Group has revived dormant plans for 1,033 acres in Southeast Orange County known as Camino Reale, filing a detailed rezoning proposal on Monday that proposes another mixed-use community directly west of what will be Tavistock's Sunbridge development.  The key challenge...

  • 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...

  • Local real estate trio plans high-end condo project near Downtown Winter Park

    Local real estate trio plans high-end condo project near Downtown Winter Park

    A group of local real estate law and development partners are planning eight high-end condominium apartments just north of Downtown Winter Park, and have yet to finalize pricing the project, choosing a general contractor or lining up a construction lender, a principal with the group told GrowthSpotter. ...

  • Pulte planning 70-plus homes in Lake Mary

    Pulte planning 70-plus homes in Lake Mary

    Pulte Homes is seeking preliminary approval from Lake Mary city planners for a planned unit development with up to 77 homes near Lake Emma. The PUD would be constructed on 37 acres on the west side of Rinehart Road, south of the intersection with Primera Boulevard. The area now consists of 25 privately...

  • Fish camp buyer plans tiny home haven in Lake County

    Fish camp buyer plans tiny home haven in Lake County

    An investor couple from Idaho bought a Lake County mobile home and RV fishing camp property earlier this month, with plans to morph it into a trendy tiny home community. Black Bass Resort on Haynes Creek at 10402 C.R. 44, between Leesburg and Eustis, sold for  $1.3 million, according to a deed...

  • Ohio developer may get green light on Lake Mary 'Allure' project

    Ohio developer may get green light on Lake Mary 'Allure' project

    Plans to build a large mixed-use development in Lake Mary appear to be back on track, after Seminole County planners have concluded the project would fit the character of the surrounding development. First reported by GrowthSpotter on Feb. 21, Cincinnati-based Capital Investment Group met that...

  • Park Square Homes closes on land in East Orange, engineering solved mucky sinkhole

    Park Square Homes closes on land in East Orange, engineering solved mucky sinkhole

    Park Square Homes closed last week on a $2 million purchase of 17.76 acres in East Orange County, a deal more than three years in the making that required some creative engineering around a muck-filled sinkhole.  Located at 1021 S. Dean Road, the undeveloped parcel lies south of Lake Underhill...

  • Construction coming in next phase of expansion at Oviedo’s Lutheran Haven

    Construction coming in next phase of expansion at Oviedo’s Lutheran Haven

    Multiple projects are underway at Lutheran Haven, a full-service community for seniors on a 25-acre swath of unincorporated Oviedo – some immediate, some ongoing. Reservations are now being taken for a projected early 2018 occupancy at the Landings of Lutheran Haven, a portion of the property which...

  • Developer plans apts, office & hotel on 25 acres near Oviedo Medical Center

    Developer plans apts, office & hotel on 25 acres near Oviedo Medical Center

    A Philadelphia developer with a track record in Maitland and Lake Nona plans to transform 25 acres near Oviedo's soon-to-open hospital into a bustling mixed-use development of apartments, offices and a hotel. The Klein Co. wants to build 296 apartments, 100,000 square feet of Class A office space...

  • Davila affiliate buys Westwood Blvd land, lines up Brazilian broker & architect

    Davila affiliate buys Westwood Blvd land, lines up Brazilian broker & architect

    An affiliate of Brazilian builder Davila Custom Homes and South American partners paid $1.145 million last week for 8.88 lakefront acres in the tourism corridor, with plans ahead for up to 80 high-end condominium apartments, a Brazilian architect soon to be chosen and a Miami-based brokerage pegged...

  • Disney lining up zoning on 38-acre fifth phase of luxury Golden Oak community

    Disney lining up zoning on 38-acre fifth phase of luxury Golden Oak community

    Walt Disney World affiliate Golden Oak Development is lining up a new 37.68-acre parcel for the future fifth phase of multi-million dollar homes in its exclusive Golden Oak at Walt Disney Resort community.  The developer is inquiring with Orange County's planning division about amending the Planned...

  • Wisconsin developer plans luxury apartments in Kissimmee's Tapestry

    Wisconsin developer plans luxury apartments in Kissimmee's Tapestry

    Fast-growing Continental Properties is entering the Orlando market via Kissimmee with plans for a 288-unit luxury apartment complex in the master-planned Tapestry community. Based just outside of Milwaukee, Wisconsin, Continental has developed 49 apartment communities, including five on Florida's...

  • Local developer plans 225 senior & family affordable apts west of fairgrounds

    Local developer plans 225 senior & family affordable apts west of fairgrounds

    Local affordable rental housing group Banyan Development has plans for around 225 units of family- and senior-focused apartments on land west of the Central Florida Fairgrounds, with a civil engineer yet to be hired and an application planned for the Florida Housing Finance Corporation later this...

  • California investor seeks local partner to lead Orlando multifamily market entry

    California investor seeks local partner to lead Orlando multifamily market entry

    California-based real estate private equity investor Praxis Capital is eying Greater Orlando for its first multifamily asset in the state, but wants a local partner to help lead the way, president and CEO Brian Burke told GrowthSpotter.  "We've been studying Orlando and Florida, it's on our radar...

  • LeCesse & Famlee's 2nd phase at Jubilee Park to feature 'Big House' design

    LeCesse & Famlee's 2nd phase at Jubilee Park to feature 'Big House' design

    Altamonte Springs-based LeCesse Development Corp. will differentiate its second multifamily project at Jubilee Park, choosing Humphreys & Partners' "Big House" design for the first time in Orlando, and has yet to source financing for what is likely a long-term hold property, a lead executive with...

  • D.R. Horton explores viability of workforce housing development in Seminole

    D.R. Horton explores viability of workforce housing development in Seminole

    The nation's largest home builder is calculating exactly how tight the margins are to develop affordable housing in Seminole County. Fort Worth-based D.R. Horton wants to build 40 single-family homes on a 9.5-acre lot in Sanford, at the southeast corner of Martin Luther King Jr. Boulevard and West...

  • Richman Group has 20 acres on Corporate Centre Blvd under contract, 240 apts planned

    Richman Group has 20 acres on Corporate Centre Blvd under contract, 240 apts planned

    National multifamily developer The Richman Group has nearly 20 acres under contract north of Orlando International Airport, with a master plan recently filed to develop a 240-unit apartment complex.  The prospective buyer's name was confirmed Tuesday by GrowthSpotter. Jesse Woeppel, management...

  • Winter Park to sell Comstock Ave land, suitable for 3 townhomes

    Winter Park to sell Comstock Ave land, suitable for 3 townhomes

    Winter Park continues to chip away at its list of public properties that could be sold or developed, with city commissioners agreeing this week to list a 0.45-acre parcel near downtown for sale that could accommodate a handful of homes.   Located at 301 W. Comstock Ave., the property is zoned PQP...

  • Citrus groves with lake views hit market in Lake County

    Citrus groves with lake views hit market in Lake County

    Two significant chunks of lakefront land are up for sale in Lake County, one the site of a historic homestead on Lake Harris in Tavares, the other a long-time family-owned parcel on the banks of East Crooked Lake in Eustis. Both tracts were planted in orange groves that brought their owners income...

  • Advenir spends $43M on Ocoee apts near hospital, plans $5.5M on upgrades

    Advenir spends $43M on Ocoee apts near hospital, plans $5.5M on upgrades

    Aventura-based multifamily investor Advenir paid $42.75 million on Tuesday for the 408-unit Oak Forest Apartments in Ocoee, plans $5.5 million in upgrades and has another $200 million to spend on acquisitions this year, the company's chief investment officer told GrowthSpotter.   Located across...

  • Bainbridge plans new 296-unit apartments project on Maitland's Lake Shadow

    Bainbridge plans new 296-unit apartments project on Maitland's Lake Shadow

    Wellington, Fla.-based The Bainbridge Companies is considering a 296-unit apartment community along Maitland's Lake Shadow on 48 acres it has owned for more than a decade, Bob Thollander, vice president of development in Florida told GrowthSpotter on Monday.  The multifamily developer, builder,...

  • Mattamy plans massive resort on Westside Blvd, seven new communities in 12 months

    Mattamy plans massive resort on Westside Blvd, seven new communities in 12 months

    Mattamy Homes USA is making a huge investment in the Greater Orlando market with an ambitious plan to launch seven new communities in the next 12 months -- including the developer's first vacation home resort and a community paying homage to iconic architect Frank Lloyd Wright. Orlando Division...

  • British developers, realtors react to 'Brexit' vote's impact on Orlando-area real estate

    British developers, realtors react to 'Brexit' vote's impact on Orlando-area real estate

    British developers, real estate brokers and investment advisors based in Greater Orlando scrambled Friday morning to react to Great Britian's vote late Thursday to leave the European Union, and the effect that would have on Orlando-Kissimmee's no. 1 foreign buyer of area homes.  Following the Brexit...

  • Park Square's plan for new retail south of UCF takes shape

    Park Square's plan for new retail south of UCF takes shape

    Park Square Homes is lining up LOIs for the retail frontage of 11.44 acres on E. Colonial Drive, south of UCF, with groundbreaking expected by year's end on a fast-casual dining chain or two.  Located in the 12000 block of E. Colonial Drive east of N. Alafaya Trail, the property lies directly between...

  • Tramell Webb planning new Osceola subdivision across from Twin Lakes

    Tramell Webb planning new Osceola subdivision across from Twin Lakes

    Tramell Webb Partners is prepping a new 149-lot subdivision in Osceola County east of St. Cloud. To be named Parkfield, it would be developed in three phases on 39 acres on Hickory Tree Road, a mile south of U.S. 192 and west of Alligator Lake. Orlando-based Tramell Webb is known for employing...

  • City of Eustis agrees to sell spray field land for potential housing development

    City of Eustis agrees to sell spray field land for potential housing development

    The Eustis City Commission approved selling 198 acres of city property once used as a spray field for treated sewer effluent to a group with plans to create a single-family housing development. Sorrento Pines LLC has agreed to buy the Lake County land declared surplus by the city for $1.5 million,...

  • Developer looking for JV partners on mixed use project near Osceola research park

    Developer looking for JV partners on mixed use project near Osceola research park

    The owners of a 66-acre parcel on Fortune Road in Kissimmee are looking for development partners for the mixed-use project to complement a new high tech research park nearby on the Judge Farms property. "We believe we may be able to have some embedded synergies with them," David Salanitro told GrowthSpotter. "As...

  • Brazilian developer pursues apt-condos plan on Lake Willis

    Brazilian developer pursues apt-condos plan on Lake Willis

    A Brazilian custom-homebuilder and South American partners have 8.88 acres under contract on Lake Willis in Orlando's tourism corridor, where they hope to build 80 high-end condominium apartments. The property lies southwest of SeaWorld at 11302 and 11314 Westwood Blvd., a burgeoning multi-family...

  • Jacksonville developer pitching two Kissimmee sites for tax credit apartments

    Jacksonville developer pitching two Kissimmee sites for tax credit apartments

    Jacksonville-based Vestcor Companies is proposing two affordable housing apartment communities on Kissimmee’s W192 corridor. Kevin Troup, director of acquisitions for Vestcor subsidiary TVC Development, said the developer is hedging its bets, entering both sites in the 2016 lottery for tax credit...

  • Advenir adds to Orlando-area apartment holdings with $18M in Fern Park

    Advenir adds to Orlando-area apartment holdings with $18M in Fern Park

    Advenir, a Miami-based real estate investor specializing in multi-family, paid $18 million in late May to add the 272-unit Parkview Crossing Apartments in Seminole County to its growing inventory in Orlando, with $3 million in renovations on the way, a lead executive with the company told GrowthSpotter. ...

  • Michaelson Group spends $63.7M on two Orlando-area apt properties, more coming

    Michaelson Group spends $63.7M on two Orlando-area apt properties, more coming

    Jacksonville-based apartment management and investment firm Michaelson Real Estate Group spent $63.7 million on Thursday to buy 628 more units in Winter Park and Baldwin Park, bringing the company's total to 4,800-plus apartments in Greater Orlando. CEO Mike Moses isn't letting his foot off the...

  • Meritage Homes building first all-solar community at Oakland Trails

    Meritage Homes building first all-solar community at Oakland Trails

     Meritage Homes has broken ground on its first all-solar community at Oakland Trails in west Orange County. "We offer solar in all our existing communities," Meritage Central Florida President Brian Kittle said. "It's something we've been adding in. Here we're going to be putting a 2kw system on...

  • David Weekley responds to Millennials w/ townhome plans in Downtown Orlando

    David Weekley responds to Millennials w/ townhome plans in Downtown Orlando

    Prompted by growing demand from Millennials in Orlando for urban living options, production builder David Weekley Homes has contracts on two half-acre parcels in Downtown Orlando with plans for 23 townhomes, the company's first of this product type in the Central Business District.  "We've done...

  • Atlanta apts investor pays $32M to enter Orlando market, seeks more Class B/C

    Atlanta apts investor pays $32M to enter Orlando market, seeks more Class B/C

    Atlanta-based developer and multifamily investment firm The RADCO Companies paid $32.1 million on June 1 to enter the Orlando market, buying the 288-unit Park at Sutton Place Apartments in Winter Park. The company will invest up to $4 million more on renovations, and is seeking value-add B and...

  • Avesta buys 3rd Orlando apts property, seeks more in ambitious growth plan

    Avesta buys 3rd Orlando apts property, seeks more in ambitious growth plan

    Tampa-based apartment investment and management firm Avesta Communities paid $30.1 million on Friday for the 344-unit The Park at Cambridge in southeast Orlando. The firm will invest another $4 million in renovations over the next 18 months, and is actively looking to double its Orlando portfolio...

  • California-based apartment owner could invest $300M in FL over next 2 years

    California-based apartment owner could invest $300M in FL over next 2 years

    Avanath Capital Management, a vertically integrated real estate investment firm focused on affordable multi-family housing, may have up to $300 million to invest in value-add Florida properties over the next two years, the company's founder and CEO told GrowthSpotter.  The Irvine, California-based...

  • Brevard developer preps final phase of Deer Creek in St. Cloud, seeks builder

    Brevard developer preps final phase of Deer Creek in St. Cloud, seeks builder

    A Cocoa Beach real estate investor has filed construction plans for the final 91 lots in St. Cloud's Deer Creek subdivision. The project had an approved permit from 2007, but owner/developer Ronald Howse told GrowthSpotter work stalled during the recession on the 500-home community. The permit...

  • Winter Park dairy farmers seek residential developer for 14 acres

    Winter Park dairy farmers seek residential developer for 14 acres

    The operators of a Winter Park dairy farm are in the market for a developer to turn their 14-acre homestead into a residential community. The couple believe the building boom that has gripped Central Florida for the last several years may soon show signs of waning, along with the economy. “Now...

  • Meritage plans 31 home-private community in Winter Springs

    Meritage plans 31 home-private community in Winter Springs

    Meritage Homes is planning 31 homes for a 10-acre parcel in Winter Springs, in what will be the last project for the company’s Central Florida land development manager, Dante Fraiegari. Meritage “may introduce a new type of project” with the development, said Fraiegari, although he declined to...

  • Nashville firm pays $23.3M for Winter Springs apartments, begins reno work

    Nashville firm pays $23.3M for Winter Springs apartments, begins reno work

    Nashville real estate fund manager Covenant Capital Group paid $23.3 million in late May for a 208-unit Winter Springs apartment complex, adding to its multifamily asset focus in the Southeast and Mid-Atlantic area. The property, The Columns at Winter Springs, is located of Red Bug Lake Road, west...

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