Multi-Family Residential Developments

  • 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...

  • Crescent preps construction start after buying Lucerne site in Downtown Orlando

    Crescent preps construction start after buying Lucerne site in Downtown Orlando

    Crescent Communities will break ground this month with Brasfield & Gorrie on a two-year construction timeline for its Crescent Lucerne mixed-use project in south Downtown Orlando, and is actively seeking more sites after selling two local apartment assets within the past year, a lead executive...

  • 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...

  • 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...

  • 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...

  • Chicago developers buy site near UCF, with plans & permits for student housing

    Chicago developers buy site near UCF, with plans & permits for student housing

    Chicago-based developer Core Spaces paid $7.2 million on Wednesday for 6.97 acres south of the University of Central Florida, with permits ready to start site work this month for a 749-bed student housing development.  Located at 12401 E. Colonial Dr., the site is 2.1 miles south of the UCF campus,...

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  • 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...

  • McKinley buys 23rd apartment property in Greater Orlando

    McKinley buys 23rd apartment property in Greater Orlando

    Multifamily owner-operator McKinley closed Tuesday on its 23rd property in Greater Orlando and third in Winter Park, buying the 120-unit Howell Crossing Apartments with a thorough renovation planned over the next six months.  Located at 2890 Red Lion Square on the Seminole County side of Winter...

  • 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...

  • South Florida developer has 'Orlando Gateway' 64 acres near OIA under contract

    South Florida developer has 'Orlando Gateway' 64 acres near OIA under contract

    Hollywood-based shopping center developer JBL Asset Management has 64 acres of the "Orlando Gateway" property north of Orlando International Airport under contract for $23 million, and plans to hire local brokers to help market for hotel and multifamily use in the coming months, the company's managing...

  • 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...

  • Miami investor markets highly entitled 3.5 acres in Downtown Orlando for sale

    Miami investor markets highly entitled 3.5 acres in Downtown Orlando for sale

    One of Downtown Orlando's most prominent undeveloped land parcels is now marketed for sale after being held for nine months by a Miami-based investor, boasting rich entitlements for mixed use and the prospect of long-term growth for urban multifamily.  Located at 434 N. Orange Ave., the vacant...

  • 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...

  • 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...

  • 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. ...

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

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

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

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  • 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...

  • Nashville investor bets on Seminole County office growth, buys new Sanford apts

    Nashville investor bets on Seminole County office growth, buys new Sanford apts

    Looking to serve future suburban office development north of Orlando, Nashville-based Carter-Haston Real Estate Services recently paid $21.2 million for the newly built 138-unit Lofts at Savannah Park apartment community in Sanford. Partner Jamie Shanks told GrowthSpotter the Sanford purchase made...

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

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

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

  • Atlantic Housing Partners buys & breaks ground on 3rd apts site at Grande Pines

    Atlantic Housing Partners buys & breaks ground on 3rd apts site at Grande Pines

    Winter Park-based Atlantic Housing Partners is the third of three multifamily developers to take a portion of the 200-acre former Marriott Grande Pines Golf Course for redevelopment, closing on the land in late September and breaking ground on its 178-unit Westwood Park Apartments within the past...

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  • Greene subdivides 65 acres on Turkey Lake Road, progresses w/commercial tenants

    Greene subdivides 65 acres on Turkey Lake Road, progresses w/commercial tenants

    Developer Randall F. Greene has lined up a large self-storage operator for a portion of his affiliate's 64.89 acres on Turkey Lake Road in the tourist corridor, and filed a Preliminary Subdivision Plan Thursday with Orange County that better shows how retail, hotels and multifamily may occupy the...

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

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

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

  • InVictus set for rezoning of Parramore 6 acres, preps Florida Housing Finance app

    InVictus set for rezoning of Parramore 6 acres, preps Florida Housing Finance app

    Tampa-based InVictus Development, which earned city approval earlier this year for its "Parramore Oaks" redevelopment of 6.34 acres downtown, is fine-tuning its site plan and preparing a key funding application for December, which will seek up to $21.3 million from the Florida Housing Finance Corporation...

  • Developer plans 96 apts and live/work space for Downtown Sanford

    Developer plans 96 apts and live/work space for Downtown Sanford

    A hot rental market and lack of inventory have prompted developer Ron Semans to pursue new apartments and live-work space in Downtown Sanford. The Wilson Center LLC and Suncor Properties principal showed GrowthSpotter plans on Wednesday for 96 apartment units and 14,000 square feet of live/work...

  • Wendover Partners plans 120-unit affordable housing project near Apopka

    Wendover Partners plans 120-unit affordable housing project near Apopka

    Wendover Housing Partners will break ground before the end of the year on a 120-unit affordable family apartment complex in north Orange County, just outside of Apopka. Wellington Park will be located on Thompson Road, just north of Semoran Boulevard, and will be the company's second active project...

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  • 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...

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

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

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

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

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

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

  • Wisconsin developer plans luxury apartments in Kissimmee's Tapestry

    Wisconsin developer plans luxury apartments in Kissimmee's Tapestry

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

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

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

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

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

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

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

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  • Winter Park seeks co-developer for affordable housing properties

    Winter Park seeks co-developer for affordable housing properties

    Winter Park Housing Authority is seeking an experienced co-developer to help it develop or revitalize a half dozen or more affordable housing communities in the city.  The agency published a Request for Qualifications on Wednesday for a co-developer, with the partner to lead plans to rehabilitate...

  • Blue Rock Premier Properties looks to bounce back in Orlando after recent sales

    Blue Rock Premier Properties looks to bounce back in Orlando after recent sales

    Tampa-based Blue Rock Premier Properties is actively hunting for value-add Class C apartment assets in Orlando to replenish its portfolio, after selling three local properties in the last two months, an acquisitions analyst with the company told GrowthSpotter.  "The market right now is getting...

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

    Osceola County planners underwhelmed by motel conversion plan near Tech Farm

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

  • Tramell Crow Residential has 25 acres under contract for apts on Universal Blvd

    Tramell Crow Residential has 25 acres under contract for apts on Universal Blvd

    Atlanta-based developer Tramell Crow Residential has a contract on 25 acres northeast of Universal Boulevard in the heart of Orlando's tourism corridor, positioning what would be its third local apartment community between new attractions and Universal Orlando's 474 acres of land, a lead executive...

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

    California investor seeks local partner to lead Orlando multifamily market entry

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

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  • Brazilian developer pursues apt-condos plan on Lake Willis

    Brazilian developer pursues apt-condos plan on Lake Willis

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

  • Jacksonville developer pitching two Kissimmee sites for tax credit apartments

    Jacksonville developer pitching two Kissimmee sites for tax credit apartments

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

  • Intram & Blurock choose apartment group for mixed-use south of Downtown Orlando

    Intram & Blurock choose apartment group for mixed-use south of Downtown Orlando

    Local developers Blurock Commercial and Intram Investments have chosen LeCesse Development Corp. to build and manage the 300-unit multi-family portion of their $75 million mixed-use redevelopment in South Downtown Orlando. The duo should break ground in early 2017 and have yet to choose a demolition...

  • San Diego RE conglomerate pays $10.5M for Orlando fractured condo buy

    San Diego RE conglomerate pays $10.5M for Orlando fractured condo buy

    San Diego-based Pacifica Companies, a $3 billion real estate conglomerate, paid $10.5 million on Monday for 130 condominium units in east Orange County, the latest asset in a growing portfolio focus on Florida, an acquisition director with the company told GrowthSpotter.  Located at 8100 Claire...

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  • 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...

  • Diocese of Orlando plans another land sale along Sanford's S.R. 46

    Diocese of Orlando plans another land sale along Sanford's S.R. 46

    The Diocese of Orlando plans to sell half of its 60-acre parcel in Sanford along S.R. 46 for residential and commercial development, and keep the other half to continue operating the All Souls Catholic Church there and add an elementary school. The diocese, which has owned the land since 2001,...

  • Anatomy of a Deal: How Mike Wright bet on Apopka & a highway interchange (Pt. 2)

    Anatomy of a Deal: How Mike Wright bet on Apopka & a highway interchange (Pt. 2)

    When Winter Park-based MMI Development broke ground this month on a 272-unit first phase of Marden Ridge Apartments in Apopka, Michael E. Wright allowed himself a brief sigh of relief. He'd spent the past four years scaling a political mountain and charting new territory for local infrastructure...

  • Anatomy of a Deal: How Mike Wright saw gold in a Maitland trash dump (Pt. 1)

    Anatomy of a Deal: How Mike Wright saw gold in a Maitland trash dump (Pt. 1)

    Orlando's ultimate contrarian buyer, Michael E. Wright of MMI Development saw potential during the depths of the recession in land serving as an illegal dump along Maitland Boulevard, and expressway frontage landlocked in Apopka.  Patience and foresight would lead him to buy eight parcels from...

  • Developer adds assisted living to apartment project on Boggy Creek Road

    Developer adds assisted living to apartment project on Boggy Creek Road

    After paying top dollar a decade ago for 16.6 acres on Boggy Creek Road, Orlando-based EspoGroup had to switch gears and come up with a new plan for the property to recoup their investment. "When we bought this land back in 2005 we paid $2.5 million," EspoGroup Manager Jose Notaro told GrowthSpotter....

  • Northwood Ravin & partner seek lender, near groundbreaking on $55M apts

    Northwood Ravin & partner seek lender, near groundbreaking on $55M apts

    Charlotte-based owner/operator Northwood Ravin is close to breaking ground on its first apartment community in Greater Orlando just east of Vineland Premium Outlets, with a construction loan still sought and keen interest in acquiring more land for a second project, the company's Florida development...

  • Private equity group enters Florida apartment market via Orlando, seeks more

    Private equity group enters Florida apartment market via Orlando, seeks more

    A small private equity firm focused on Class B/C multifamily entered the Florida market this week via Orlando, paying $17.6 million for the 184-unit Cadence Crossings apartments on Curry Ford Road. Known as Atlantic Multi Family with roots in Virginia, the group is now migrating its investment...

  • St. Cloud to consider annexation for new live-work West Village Center

    St. Cloud to consider annexation for new live-work West Village Center

    Local developer John Reich has applied to St. Cloud to annex 25-plus acres just west of the St. Cloud Canal for a $25 million mixed-use project called St. Cloud West Village Center. The City Council is scheduled to vote Thursday on annexation requests for five separate parcels, including the existing...

  • Osceola buys Buenaventura Lakes land for affordable housing, faces resistance

    Osceola buys Buenaventura Lakes land for affordable housing, faces resistance

    Osceola County Commissioners are already hearing resistance to a plan to build affordable housing on 11 acres in the Buenaventura Lakes area. Commissioners voted this week to pay $249,000 plus related costs to buy the property on Buenaventura Boulevard from the Boys and Girls Club of Central Florida....

  • Feltrim Group pursues permits for latest luxury condos at Reunion Resort

    Feltrim Group pursues permits for latest luxury condos at Reunion Resort

    Vacation home specialist Feltrim Group has received approval from Osceola County for an 88-unit luxury condo project called Crescent at Reunion Resort & Club. The Davenport-based developer bought the 4-plus acres in Reunion, just north of the Polk County line, last November for $1.4 million and...

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