Residential Property Developments

  • 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...

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  • 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...

  • Bridge Multifamily pays $49.5M for apartments in MetroWest

    Bridge Multifamily pays $49.5M for apartments in MetroWest

    Affiliates of Salt Lake City-based Bridge Investment Group paid $49.5 million on Tuesday for the 456-unit Indigo West apartments in MetroWest, and could invest up to $200 million in Central Florida acquisitions this year, a lead executive with the company told GrowthSpotter.  Located at 6101 Raleigh...

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

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

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

  • Pulte to launch new residential developments near Longwood, Lake Mary

    Pulte to launch new residential developments near Longwood, Lake Mary

    Pulte Homes will continue to expand its presence in strategic pockets of Seminole County this year with groundbreakings coming on two residential developments. Lake Emma Sound, a 78-home development at the southwest corner of Anderson Lane and Rinehart Road, received Planned Unit Development approval...

  • Developer plans 10-story mixed-use tower along Downtown Orlando's Lake Ivanhoe

    Developer plans 10-story mixed-use tower along Downtown Orlando's Lake Ivanhoe

    Winter Park-based Alliance Residential Company has property fronting Lake Ivanhoe in Downtown Orlando lined up for purchase, with plans to redevelop as a 10-story mixed-use project that will bring more residents and office space to burgeoning Ivanhoe Village, a lead executive with the company told...

  • Seminole Commissioners to consider Land Use change for 42-acre project near Oviedo

    Seminole Commissioners to consider Land Use change for 42-acre project near Oviedo

    An Orlando developer plans to build a mixed-use project on 42 acres near Oviedo, but needs approval from Seminole County for future land use changes, in part because the property sits in an area county leaders had hoped would become a high-tech corridor.JEL Land Development LLC wants to develop...

  • FHC Development expanding residential project south of St. Cloud

    FHC Development expanding residential project south of St. Cloud

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

  • Developer prepares 75 acres near Lake Apopka for single-family, seeks buyers

    Developer prepares 75 acres near Lake Apopka for single-family, seeks buyers

    Boca Raton-based Equity Investments LLC is considering whether to develop the infrastructure on 75-plus acres near Lake Apopka itself this year and manage individual lot sales, or find a homebuilder to buy the entire project, a managing member of the company told GrowthSpotter.  The developer filed...

  • Pulte Homes launching two new subdivisions in NE Osceola

    Pulte Homes launching two new subdivisions in NE Osceola

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

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

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

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

  • Tavistock buys ownership stake in local homebuilder active in Lake Nona

    Tavistock buys ownership stake in local homebuilder active in Lake Nona

    Tavistock Development Company has acquired an ownership stake in Orlando-based homebuilder Century Homes, providing it new profit opportunity through one of Lake Nona's approved builders.  The developer made the investment last year, Tavistock spokeswoman Jessi Blakley told GrowthSpotter on Wednesday....

  • Nvision & buyer consider site near Valencia College East for student apts

    Nvision & buyer consider site near Valencia College East for student apts

    Orlando-based Nvision Development Management Services and a Texas-based investor have 12.3 acres under contract south of Valencia Community College East, exploring plans for student housing with an anticipated walking path to the campus, the company's president told GrowthSpotter.  Located at 113...

  • Michaelson-Goldelm partnership pays $31M for Altamonte apts, more in pipeline

    Michaelson-Goldelm partnership pays $31M for Altamonte apts, more in pipeline

    A partnership between Jacksonville-based Michaelson Real Estate Group and Colorado-based multifamily manager Goldelm paid $31 million last week for the 312-unit Charter Pointe Apartments in Altamonte Springs. Located at 919 Ballard St. in the heart of Altamonte’s medical and business district,...

  • JV of two Boca-based CRE investors pays $36.6M for Orlando apts, seeks more

    JV of two Boca-based CRE investors pays $36.6M for Orlando apts, seeks more

    A joint venture of two Boca Raton-based real estate investors paid $36.65 million on Jan. 6 for the 396-unit Tuscany Bay Apartments in Southeast Orlando. It's the JV's first multifamily asset in Greater Orlando, with plans to pursue all commercial property types locally in 2017, a lead executive...

  • Feltrim Group moving forward with plans for Ronaldo R9 Academy in Haines City

    Feltrim Group moving forward with plans for Ronaldo R9 Academy in Haines City

    Feltrim Group CEO Garrett Kenny has filed construction plans for the Orlando area's second Ronaldo R9 Soccer Academy at the main entrance to his Balmoral at Water's Edge resort in Haines City. GrowthSpotter first reported last March that Kenny had purchased one of five franchises slated for Florida...

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

    St. Cloud Council to consider annexation for new senior apartments

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

  • City to approve Tavistock for purchase & development of Poitras land near OIA

    City to approve Tavistock for purchase & development of Poitras land near OIA

    Orlando's City Council is expected to approve this Wednesday land purchase, development and management agreements with Tavistock Development Company for more than 1,800 acres south of Orlando International Airport.  **Update** City Council approved the GOAA land sale on Wednesday, pending agreement...

  • Mattamy Homes inks deal to be exclusive developer for Starwood

    Mattamy Homes inks deal to be exclusive developer for Starwood

    Mattamy Homes USA is embarking on its largest residential project to date - announcing Monday it will be the exclusive builder in Starwood, a 2,560-acre community just north of Lake Nona. Alex Martin, Mattamy's Orlando Division president, told GrowthSpotter the Canada-based builder has formed a...

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

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

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

  • Investors pay $4.6M for 42 units near Orlando's Fort Gatlin Recreation Complex

    Investors pay $4.6M for 42 units near Orlando's Fort Gatlin Recreation Complex

    A group of private investors paid $4.625 million in late December for a 42-unit multifamily property in Southeast Orlando, and are seeking more workforce housing acquisitions locally, a managing member told GrowthSpotter.  Located in the 3100 block of S. Bumby Avenue next to the Fort Gatlin Recreation...

  • CalAtlantic finalizing master plan for Winter Springs' Tuskawilla Crossings

    CalAtlantic finalizing master plan for Winter Springs' Tuskawilla Crossings

    CalAtlantic Homes is in the final planning stages for Tuskawilla Crossings, a 379-home subdivision straddling the Cross Seminole Trail in Winter Springs. The developer, formerly known as Standard Pacific, bought the 133-acre site in 2015 for $17.1 million. It's located just west of the S.R. 417...

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

    Meritage Homes to expand Osceola offerings with lot takedown in Harmony

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

  • Atlanta developer plans new apartments near UCF, seeks construction lender

    Atlanta developer plans new apartments near UCF, seeks construction lender

    Atlanta-based Catalyst Development Partners has 11.46 acres under contract near UCF with newly-filed plans for multifamily, and will begin seeking a construction loan this week for the $42 million project, a partner with the company told GrowthSpotter.  Located northeast of the intersection of...

  • Nashville-based MF investor pays $16.2M for Orlando apts

    Nashville-based MF investor pays $16.2M for Orlando apts

    An affiliate of Nashville-based Covenant Capital Group paid more than $16.25 million on Wednesday for the 258-unit Holley Garden Apartments south of Downtown Orlando, it's fourth local asset.  Located at 3435 S. Orange Ave., the 9.62-acre property features 10 two-story apartment buildings with...

  • Brooklyn-based apts investor pays $14.1M to enter Orlando market

    Brooklyn-based apts investor pays $14.1M to enter Orlando market

    A Brooklyn-based multifamily investment group paid $14.1 million last week to enter the Orlando market, buying 184 apartments across two neighboring properties southeast of Baldwin Park. Located at 1001 Shoreview Dr., the 160-unit Palms at Shoreview apartments were acquired, along with the neighboring...

  • Park Square Homes locks down land for pair of Sawgrass Plantation communities

    Park Square Homes locks down land for pair of Sawgrass Plantation communities

    Park Square Homes will break ground in early January on a pair of residential projects in south Orange County's Sawgrass Plantation. The fast-growing homebuilder paid $5.9 million for the last two undeveloped parcels in the master-planned community. The builder closed earlier this week on a 54-acre...

  • Multifamily developer plans demolition, new apartment construction in Maitland

    Multifamily developer plans demolition, new apartment construction in Maitland

    Pollack Shores Real Estate Group, a multifamily developer growing its presence in the greater Orlando area, is planning a new apartment complex on the shores of Lake Gem in Maitland. The Atlanta-based company, which specializes in acquiring, developing and financing multifamily communities across...

  • Starwood planning next phase of Harmony West expansion

    Starwood planning next phase of Harmony West expansion

    Starwood Land has filed a preliminary subdivision plan (PSP) for another 962 residential units in Harmony West, an 11,000-acre master-planned community in Osceola County. The filing by VHB represents the second phase of the community's western expansion. Starwood has already begun prepping Phase...

  • Longtime Colliers broker closes $18.2M apartment sale before retiring

    Longtime Colliers broker closes $18.2M apartment sale before retiring

    After three years of "slowly unwinding my practice" John Stone can now concentrate full time on his golf swing. Stone, principal and managing director of multifamily investment sales for Colliers International Tampa Bay, closed the final transaction of his 40-year career earlier this month with...

  • NJ investment group buys 2nd Orlando apartment complex for $52M

    NJ investment group buys 2nd Orlando apartment complex for $52M

    New Jersey-based Raia Properties Corporation expanded its Orlando-area portfolio on Monday, paying $52 million for the EOS Apartments near UCF. The Class A midrise complex was built in 2015 by the seller, Atlanta-based Catalyst Development Partners. It sits on 12.75 acres just northwest of the...

  • Miami company plans mixed-use project near Florida Mall

    Miami company plans mixed-use project near Florida Mall

    Miami-based MIR Developments LLC has long-range plans to build a mixed residential-commercial project just northeast of Orlando’s Florida Mall. The company has filed a site plan with Orange County for a 180-unit apartment or condo complex along with commercial space for retail and offices. The...

  • Atlanta non-profit buys Waterview Apartments on Lake Tyler for $22.7M

    Atlanta non-profit buys Waterview Apartments on Lake Tyler for $22.7M

    A non-profit focused on affordable housing for low- to moderate-income families has paid $22.7 million for the 360-unit Waterview Apartments three miles east of the Mall at Millenia, turning a $1.435 million profit for the seller who held it for 14 months.  Located at 4937 Waterway Court near the...

  • St. Cloud annexes site for 100-unit luxury duplex development

    St. Cloud annexes site for 100-unit luxury duplex development

    The St. Cloud City Council approved earlier this month an annexation and rezoning of a 19-acre parcel slated for 50 high-end duplexes.  Gentry Land Company's Oaktree Pointe Villas was approved on Dec. 8, despite objections from some residents and a few council members that it wasn't appropriate...

  • Entitlements conversion from hotels to apartments sought for Palm Parkway land

    Entitlements conversion from hotels to apartments sought for Palm Parkway land

    A Canada-based owner of 11 acres in the tourism corridor wants to expand the conversion options within his land's zoning, offering the flexibility to turn roughly a third of his hotel room entitlements into up to 400 multifamily units.  Located at 8175 Palm Parkway, the 11.13-acre undeveloped property...

  • Alliance Residential & Carlyle Group JV buys apartments site at Ravaudage

    Alliance Residential & Carlyle Group JV buys apartments site at Ravaudage

    Multifamily developer Alliance Residential Company has partnered with a real estate fund of The Carlyle Group on the purchase of 2.3 acres at the 73-acre Ravaudage property in Winter Park, with plans to break ground Jan. 9 on a seven-story, 268-unit apartment building. Land buyer affiliate CRP/AR...

  • Avex Homes starts new townhome development on Seminole’s Lake Wildmere

    Avex Homes starts new townhome development on Seminole’s Lake Wildmere

    Developer Avex Homes has started construction on a $5 million first phase of townhomes fronting Seminole County's Lake Wildmere, and has a closing set for early January on more than 100 lots in south Osceola County.  Located at 640 E. State Road 434 in Longwood, the Reserve at Lake Wildmere will...

  • Bellavista planning new vacation townhouse resort in Kissimmee

    Bellavista planning new vacation townhouse resort in Kissimmee

    Bellavista Building Group is planning a 50-unit vacation home townhouse resort in Kissimmee at 333 S. Poinciana Blvd. Bellavista President Aldo Martin told GrowthSpotter he partnered with Alamo Homes Group and RBZ International Corp. to form ARB Land Development LLC, which closed on the 9-acre...

  • Osceola's BK Ranch preps for mid-2017 construction with new developer

    Osceola's BK Ranch preps for mid-2017 construction with new developer

    Entitlement specialist IBI Group will file permits this month to establish a mixed-use district on the 961-acre BK Ranch in Osceola's Four Corners community. IBI's Richard Wohlfarth last week filed an application with the South Florida Water Management District for mass grading of the project,...

  • Ormond Beach buyer pays $8.5M for 191 Orlando apts, eager to spend more

    Ormond Beach buyer pays $8.5M for 191 Orlando apts, eager to spend more

    Ormond Beach-based Lohman Apartments paid $8.525 million on Dec. 5 for the 191-unit Willow Bend Apartments in Northwest Orlando, its second local acquisition in the past five months, and is "sitting on a lot of cash that's ready to move" into new assets in the coming year, a principal with the...

  • Bellavista Building Group considers site for townhomes east of tourism corridor

    Bellavista Building Group considers site for townhomes east of tourism corridor

    A development affiliate of Maitland-based Bellavista Building Group has nearly 8 acres under contract south of the Grande Lakes Resort property on S. John Young Parkway, with prospects for 60 townhomes that would complete a condominium complex stalled during the recession. The project would occupy...

  • 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...

  • 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...

  • Park Square Homes planning 2 new neighborhoods in Sawgrass Plantation

    Park Square Homes planning 2 new neighborhoods in Sawgrass Plantation

    Park Square Homes will break ground in the fourth quarter on two new communities on Wetherbee Road in Sawgrass Plantation.   "We're really excited about Sawgrass," Park Square President Steve Parker told GrowthSpotter. "It's a great location. It's close to the Lake Nona Medical City and has other...

  • 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...

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

    Trammell Crow Residential files plan for 656 apts on Universal Boulevard

    Atlanta-based developer Trammell 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...

  • 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...

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