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  • NAREE18: Roofstock names Orlando top real estate investment market in US

    NAREE18: Roofstock names Orlando top real estate investment market in US

    Orlando is the nation's top market for investors looking to buy and sell single-family rental properties, according to online marketplace Roofstock. Co-founder Rich Ford released his Top 10 list Wednesday during the National Association of Real Estate Editors Spring Conference in Las Vegas. He...

  • D.R. Horton assembles land in East Narcoossee for 96-lot subdivision

    D.R. Horton assembles land in East Narcoossee for 96-lot subdivision

    D.R. Horton has assembled 22 acres in Osceola's East Narcoossee community for a new 96-lot subdivision. The homebuilder rezoned the properties last December for low-density residential development, and this week applied for environmental permits with the South Florida Water Management District....

  • Taylor Morrison to acquire AV Homes for $963M, little project overlap locally

    Taylor Morrison to acquire AV Homes for $963M, little project overlap locally

    Taylor Morrison Homes and AV Homes are joining forces in the second major merger of national homebuilders this year. The two Scottsdale, Arizona-based companies announced the plans this week after each respective board unanimously approved Taylor Morrison's $21.50-per-share purchase price. Now...

  • Sun Terra signs Jones Homes for land in Harmony West expansion

    Sun Terra signs Jones Homes for land in Harmony West expansion

    Jones Homes USA is expanding its footprint in Osceola County's St. Cloud market by reaching a deal with master developer Sun Terra Communities for Phase 1 of Harmony West. Sun Terra Principal Richard Jerman told GrowthSpotter the Altamonte Springs-based homebuilder has signed a contract to buy...

  • Pulte to buy 25-acre parcel near East Lake Toho from Osceola Schools

    Pulte to buy 25-acre parcel near East Lake Toho from Osceola Schools

    The School District of Osceola County is expected to sell 25 acres of surplus land in St. Cloud to Pulte Homes for $1.53 million.  The land is one of three parcels the district offered for sale as a competitive bid process in April, but lack of interest forced the district to extend the bid deadline...

  • Park Square redesigns new Davenport subdivision Madera Park

    Park Square redesigns new Davenport subdivision Madera Park

    Park Square Homes is prepping its fourth new subdivision in the Davenport/Four Corners area. The Orlando-based homebuilder has filed a new residential site plan with Polk County's Development Review Committee for Madera Park, a 127-lot community on Florence Villa Grove Road at the Polk-Osceola...

  • Pulte Homes files subdivision plan for expansion of Windsor at Westside

    Pulte Homes files subdivision plan for expansion of Windsor at Westside

    Pulte Homes is prepping a third phase of its popular Windsor at Westside vacation home resort community. The homebuilder filed a Preliminary Subdivision Plan (PSP) and Site Development Plan (SDP) with Osceola County last week for the 46-acre parcel at the the southeast corner of Westside Boulevard...

  • Pineloch to resubmit Center Lake Ranch annexation with new data

    Pineloch to resubmit Center Lake Ranch annexation with new data

    Pineloch Management Corp., which owns Osceola County's Center Lake Ranch, will eventually resubmit an annexation request with the City of St. Cloud for the 2,016-acre project -- this time with a detailed financial report illustrating the potential tax revenues it could generate. "Ultimately, we...

  • Beucher family selling undeveloped land, finished lots at Lake's Mission Inn Resort

    Beucher family selling undeveloped land, finished lots at Lake's Mission Inn Resort

    For the first time, regional and national homebuilders will get a chance to build in one of Central Florida's most historic golf resorts. The Beucher family, which has owned the Mission Inn Resort & Club in Lake County since 1964, has engaged Maury L. Carter & Associates to sell dozens of finished...

  • Osceola delays vote on solar mandate for new home construction

    Osceola delays vote on solar mandate for new home construction

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

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

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

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

  • Kissimmee W192 Lake Cecile site eyed for new condo resort community

    Kissimmee W192 Lake Cecile site eyed for new condo resort community

    A Brazilian multifamily developer is planning its Orlando entry via Kissimmee with a $30 million condominium project on the W192 tourism corridor. Four Seasons Company partner Ricardo Amaral and his representatives met this week with Osceola County's Development Review Committee to discuss developing...

  • D.R. Horton moving forward with 110-acre commercial section of Kindred

    D.R. Horton moving forward with 110-acre commercial section of Kindred

    Three years after it started building homes in Osceola County's Kindred community, D.R. Horton is moving forward with plans for roughly 110 acres of commercial property in the sprawling mixed-use development south of NeoCity. The developer has filed a Preliminary Subdivision Plan designating a...

  • Sun Terra buys Hills of Minneola for $70M+, plans construction this year

    Sun Terra buys Hills of Minneola for $70M+, plans construction this year

    Oviedo-based developer Sun Terra Communities paid $70.8 million last week for the balance of The Hills of Minneola, an approved Planned Unit Development in Lake County that's entitled for nearly 4,000 homes. The property straddles all four corners of the Minneola - Florida Turnpike interchange...

  • K. Hovnanian expands position in Horizon West with 100+ acres on Avalon Road

    K. Hovnanian expands position in Horizon West with 100+ acres on Avalon Road

    K. Hovnanian Homes recently paid $6.4 million for the next phase of its master-planned Winding Bay community in Horizon West. Orlando Division President Kyle Upper said the acquisition was part of an aggressive growth plan to open six new KHov communities in the next 12 months. "We're going to...

  • Orange County preps rural enclave protection measures for 640 acres

    Orange County preps rural enclave protection measures for 640 acres

    Orange County is primed to take a step Tuesday toward adding the first rural residential enclaves to its Comprehensive Plan, which would protect three areas of the county with nearly 640 net acres from suburban redevelopment in the future.  Commissioners are expected to vote Tuesday night to transmit...

  • Greater Orlando planners working together to find affordable housing solutions

    Greater Orlando planners working together to find affordable housing solutions

    In an effort to combat Central Florida’s affordable housing shortage, city planners in Orlando and neighboring counties have been formulating potential solutions, including code amendments, which could help close the gap between slow-growing incomes and fast-rising rents. “We review all new developments...

  • Lennar files construction plans for ChampionsGate addition

    Lennar files construction plans for ChampionsGate addition

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

  • Taylor Morrison pays $4.3M for Hamlin Town Center subdivision site

    Taylor Morrison pays $4.3M for Hamlin Town Center subdivision site

    National homebuilder Taylor Morrison has purchased 42 acres in Hamlin Town Center in Horizon West for $4.3 million. The land on Hamlin Groves Trail lies northeast of the Walmart Supercenter at Hamlin Town Center and west of the new medical campus and proton center on New Independence Parkway. The...

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

    Pulte planning 550-lot subdivision in hot Four Corners market

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

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

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

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

  • Avalon Park Group preps initial home lots for mixed-use lakeside project in Tavares

    Avalon Park Group preps initial home lots for mixed-use lakeside project in Tavares

    Avalon Park Group is making progress with plans to build 1,000-plus homes and a mixed-use community in Tavares around Lake Hermosa, a smaller version of its successful Avalon Park community in east Orlando.  Following the filing of a conceptual development plan in August 2016 with the city for...

  • Lennar to operate two Orlando divisions after merging with CalAtlantic

    Lennar to operate two Orlando divisions after merging with CalAtlantic

    With the merger now complete, Lennar and CalAtlantic are combining their massive Orlando-area homebuilding operations into one company with two divisions, a lead executive with the company told GrowthSpotter on Tuesday.   "Since the merged company in Orlando is large, there will be two divisions...

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

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

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

  • City of Kissimmee offering free land for new affordable housing

    City of Kissimmee offering free land for new affordable housing

    The City of Kissimmee is hoping that the offer of free land less than a mile from downtown's Lakeview Park will induce a developer to build up to 400 units of affordable rental housing.  The city has issued a Request for Letter of Interest (RFLOI) for affordable housing developers to build multi-phased,...

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

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

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

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

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

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

  • Aventura developer buys former golf course near Millenia for future housing

    Aventura developer buys former golf course near Millenia for future housing

    An affiliate of Aventura-based Master Real Estate paid $3.9 million this week for a former golf course near the Mall at Millenia, and will bank the land for future residential development.  Located off the 3500 block of W. Oak Ridge Road and PGA Tour Boulevard, the 43.6-acre property was developed...

  • Tavistock pays $15M for 200 acres along Orange-Osceola line in path of toll road

    Tavistock pays $15M for 200 acres along Orange-Osceola line in path of toll road

    An affiliate of Tavistock Development Company paid $15 million on Wednesday for approximately 200 acres that span the Orange-Osceola county line, where development could be limited by a new toll road extension. It lies roughly a mile southeast of the heart of Tavistock's master-planned Lake Nona...

  • Clearwater developer lines up builders for 233-lot subdivision in St. Cloud

    Clearwater developer lines up builders for 233-lot subdivision in St. Cloud

    Clearwater-based CG Land Services is wrapping up horizontal development of a 233-lot subdivision in St. Cloud, and plans to deliver the first half of the lots to two national production homebuilders by April. D.R. Horton and Richmond American Homes are both under contract to buy the finished lots,...

  • Hanover and Richmond American swap lots to partner in Groveland, St. Cloud

    Hanover and Richmond American swap lots to partner in Groveland, St. Cloud

    Local homebuilders Richmond American Homes and Hanover Family Builders completed a land swap last week valued at nearly $3.5 million, and will team up to complete the buildout of two neighborhoods in Groveland and St. Cloud. The builders finalized the deal less than a month after RAH bought Phase...

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

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

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

  • Park Square Homes launching three new communities on U.S. 27 corridor

    Park Square Homes launching three new communities on U.S. 27 corridor

    Park Square Homes will launch a trio of new subdivisions on Polk County's U.S. 27 corridor this year, all designed to appeal to first-time homebuyers. CEO Suresh Gupta told GrowthSpotter the builder is almost sold out at Carlisle Grand, a 158-home community on Holly Hill Fruit Road that launched...

  • Schoolfield Properties sells Kissimmee mobile home lots for $1.7M

    Schoolfield Properties sells Kissimmee mobile home lots for $1.7M

    Kissimmee-based Schoolfield Properties is disposing of residential assets to focus on its core retail and office properties, and is starting with mobile home communities the company developed in the 1980s, a lead executive told GrowthSpotter. Cheryl Schoolfield said the company sold 30 lots in...

  • Osceola planners look to Tapestry, Lake Nona for new development guidelines

    Osceola planners look to Tapestry, Lake Nona for new development guidelines

    Osceola County planners have toured neighborhoods in Horizon West, Tapestry and Lake Nona's Laureate Park to serve as inspiration for a Land Development Code update that would raise the quality of the county's new housing stock. Planning and Design Director Kerry Godwin told GrowthSpotter the LDC...

  • Richmond American Homes adds more lots in St. Cloud for entry-level product

    Richmond American Homes adds more lots in St. Cloud for entry-level product

    Richmond American Homes spent more than $8 million in late December to expand its lot inventory in St. Cloud. The homebuilder closed two acquisitions before year's end, Orlando Division President Ben Shoemaker told GrowthSpotter, paying $5 million for Phase 2 of the 198-lot Pinewood Gardens subdivision...

  • Infrastructure plans progress for mixed-use site on Narcoossee Road lakefront

    Infrastructure plans progress for mixed-use site on Narcoossee Road lakefront

    A Saudi Arabian investor should decide in 60 days on how to proceed with development and marketing plans for 32.5 acres on Lake Whippoorwill east of Lake Nona Landing, the project's development coordinator told GrowthSpotter. Located in the 12000 block of Narcoossee Road, directly north of Missionary...

  • Illinois developer planning mixed-use project on Westside corridor

    Illinois developer planning mixed-use project on Westside corridor

    Illinois developer Eli Steinhardt is planning a live-work community near ChampionsGate on Osceola County's Westside Boulevard corridor. The owner of Steinhardt Builders has applied to rezone 44 acres of Wheeler Farms' orange grove on the county line to Commercial Tourist zoning for the first phase...

  • Mattamy Homes buys Lake Apopka land from City of Ocoee for $3.75M

    Mattamy Homes buys Lake Apopka land from City of Ocoee for $3.75M

    Mattamy Homes paid the City of Ocoee $3.75 million last week for 146 acres on Lake Apopka that will comprise the second phase of its new Preserve at Crown Point gated community. Mattamy was the winning bidder for the city-owned property and closed on the first 146 acres in July 2016 for the same...

  • South Florida developer planning 451-home subdivision in St. Cloud

    South Florida developer planning 451-home subdivision in St. Cloud

    South Florida-based BBX Capital is in discussions with several local homebuilders for a 451-home subdivision next to Gramercy Farms in St. Cloud. BBX won approval this month from the St. Cloud City Council for its Preliminary Subdivision Plan for the "Old Hickory" Planned Unit Development (PUD)....

  • AV Homes finalizing TOD project next to Poinciana SunRail station

    AV Homes finalizing TOD project next to Poinciana SunRail station

    AV Homes is reworking its plan for a new Transit-Oriented Development (TOD) just north of the Poinciana SunRail station.  Division President Ken Thirtyacre told GrowthSpotter the homebuilder has eliminated up to 400 apartment units that were entitled in the original 82-acre Planned Development...

  • Newgard buys new apts near Margaritaville to relaunch as Airbnb product

    Newgard buys new apts near Margaritaville to relaunch as Airbnb product

    A mystery surrounding the location of the first Niido powered by Airbnb apartments in Kissimmee has been solved, and reveals a deliberate misdirection campaign by the developer over the past three months. Miami-based Newgard Development, which announced in mid-October it was teaming up with the...

  • New Oakland subdivision will have premium lots on Lake Apopka

    New Oakland subdivision will have premium lots on Lake Apopka

    One of the last major undeveloped tracts on Lake Apopka in west Orange County is slated for a 160-home subdivision that will feature a limited number of lots with lake access. Real estate broker John Laga has partnered with Ohio-based Parkview Homes to assemble seven parcels totaling just over...

  • Road design for Celebration Island Village hits snag with county planners

    Road design for Celebration Island Village hits snag with county planners

    Osceola County staff went back and forth for nearly an hour Wednesday with officials from Mattamy Homes and its consulting engineer to try to resolve differences on their design plans for the Celebration Boulevard extension.  Mattamy, which inked a deal this year with Disney's Celebration Company...

  • Daly Design irons out connectivity issues for 'Camino Reale' 1,000+ acres in SE Orange

    Daly Design irons out connectivity issues for 'Camino Reale' 1,000+ acres in SE Orange

    Winter Park-based Daly Design Group has helped an Ontario-based client overcome its biggest challenge to developing an isolated 1,033 acres in southeast Orange County known as "Camino Reale," ironing out roadway connectivity for another master-planned community adjacent to Tavistock's future Sunbridge...

  • Titan Land seeking $11M in tax-free bonds for Osceola affordable housing

    Titan Land seeking $11M in tax-free bonds for Osceola affordable housing

    Kissimmee-based developer Titan Land Company is seeking $11 million in tax-exempt bonds for 120 units of affordable senior housing near Valencia College's new Poinciana campus.  The Florida Housing Finance Corporation is scheduled to hold a public hearing, known as a TEFRA hearing, on Dec. 19 in...

  • Osceola County could double mobility fees and require earlier payment

    Osceola County could double mobility fees and require earlier payment

    Osceola County Commissioners could strike another blow to the local homebuilding industry next year as the county looks at potentially doubling mobility fees and forcing builders to carry those costs for months. Commissioners this week directed county transportation staff to bring back an ordinance...

  • CalAtlantic and Pulte buy out next phase of Whaley's Creek in St. Cloud

    CalAtlantic and Pulte buy out next phase of Whaley's Creek in St. Cloud

    Pulte Homes and CalAtlantic Group paid $4.46 million last week for the third phase of Whaley's Creek, a subdivision in St. Cloud where both builders are actively selling homes now. Developer and land banker Sun Terra Communities sold a 50 percent interest to each builder for Phase 3 of the 499-home...

  • 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....

  • 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...

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