Multi-Family Residential Developments

  • Multifamily developer targets Darden Corp. land for new apts on John Young Pkwy

    Multifamily developer targets Darden Corp. land for new apts on John Young Pkwy

    National multifamily developer Wood Partners has Darden Corporation property under contract directly south of the company's headquarters on John Young Parkway, and is pursuing a Land Use Plan amendment to allow apartments on site.  "Darden has a sale agreement in place" for part of its property...

  • L.A. investment firm buys Kissimmee apartment complex for $25.75M

    L.A. investment firm buys Kissimmee apartment complex for $25.75M

    Los Angeles-based CGI Strategies paid $25.75 million right before Christmas to buy its second apartment community in Kissimmee's W192 tourism corridor. CGI acquired the Cane Island Apartments, which comprises 166 units of the 260-unit community. CGI spokesman Bruce Beck told GrowthSpotter the complex...

  • Crystal Homes launching new townhome resort, apartments near Reunion

    Crystal Homes launching new townhome resort, apartments near Reunion

    Orlando-based Crystal Homes is bringing more luxury vacation townhomes and apartments to the booming ChampionsGate-Reunion submarket.  President Constantinos Zavos told GrowthSpotter that horizontal construction is now underway for Crystal Ridge, a 126-unit townhouse resort community on C.R. 532...

  • Tavistock files new plans for dense, urban mixed-use district in Lake Nona

    Tavistock files new plans for dense, urban mixed-use district in Lake Nona

    Tavistock Development Company filed plans Thursday for a new mixed-use district covering more than 158 acres in Lake Nona, with a web of interconnected streets to guide urban-style development east of the Lake Nona Town Center, and a new medical office building to kick it off.  GrowthSpotter first...

  • Dallas-based developer eyes Orlando market entry with apts near Millenia

    Dallas-based developer eyes Orlando market entry with apts near Millenia

    Dallas-based Encore Enterprises has a site under contract near The Mall at Millenia to make its Orlando market entry, with plans for 215 apartments on the last infill tract of a failed golf course project. Located at 2429 Americana Blvd., the 12.5-acre parcel lies northeast of the intersection with...

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  • Tampa-based investors pay $53M for second Orlando-area apts in past month

    Tampa-based investors pay $53M for second Orlando-area apts in past month

    Tampa-based multifamily investor Robbins Property Associates paid $53.3 million on Friday for the 432-unit Winter Park Commons apartments, with plans to invest heavily in interior and amenity upgrades.  Rebranded this week as Venue at Winter Park, the 23.08-acre property is located at 5 Autumn...

  • Miami-based homebuilder files large multifamily plan near Vineland Outlets

    Miami-based homebuilder files large multifamily plan near Vineland Outlets

    A Miami-based homebuilder with little experience in multifamily is pitching more than 560 apartments near a future Interstate 4 interchange in Orlando's tourism corridor, filing plans Friday with Orange County.  An affiliate of Pride Homes by Garco filed its Development Plan for 567 units on 33.93...

  • Developer pays $9.4M for part of Calvary church land near Downtown Orlando

    Developer pays $9.4M for part of Calvary church land near Downtown Orlando

    Atlanta-based developer Tramell Crow Residential (TCR) paid $9.4 million this week for 6.97 acres near Downtown Orlando on the Calvary Assembly of God property, with plans made public in September for a 310-unit apartment complex and improvements to adjacent streets.  It's the first of two portions...

  • 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...

  • Bainbridge adds public park to apartments project on Maitland's Lake Shadow

    Bainbridge adds public park to apartments project on Maitland's Lake Shadow

    Multifamily developer The Bainbridge Companies should file construction plans this month for a 300-unit apartment project along Maitland's Lake Shadow on 48 acres it has owned since 2005, and will build a new public park to help earn approval.  The builder, owner and operator first held a pre-app...

  • Lincoln Avenue Capital pursues tax-exempt bonds to renovate Sanford apartments

    Lincoln Avenue Capital pursues tax-exempt bonds to renovate Sanford apartments

    New York-based low-income housing developer Lincoln Avenue Capital is pursuing $23.5 million in tax-exempt bonds for rehabilitation of the Logan Heights Apartments in Sanford. Located at 1000 Logan Heights Circle, the 22.2-acre property features 360 multifamily units spread across 15 two-story...

  • Millburn & Co pays $57M for second Orlando apts asset since October

    Millburn & Co pays $57M for second Orlando apts asset since October

    Utah-based multifamily investor Millburn & Company paid $57 million on Wednesday for its second apartments asset in Orlando since mid-October, buying the 371-unit The Place on Millenia Boulevard with an eye on maximizing limited value-add opportunity. Located at 5215 Millenia Blvd., the 21.92-acre...

  • Related Group pursues tax-exempt bonds for $14M elderly apts project in Orlando

    Related Group pursues tax-exempt bonds for $14M elderly apts project in Orlando

    Miami-based developer The Related Group, along with the Orlando Neighborhood Improvement Corporation, is pursuing $12.65 million in tax-exempt bonds to fund new construction of the second phase of an affordable housing complex in west Orlando. Located at 3124 N. Pine Hills Road, the existing 35-acre,...

  • Tampa-based investors pay $35M for Lake Mary apartments near SunRail

    Tampa-based investors pay $35M for Lake Mary apartments near SunRail

    Tampa-based Robbins Property Associates recently paid $35.35 million for the 200-unit Station House Apartments, a transit-oriented development built just two years ago in Lake Mary. Robbins purchased the complex from Winter Park-based Epoch Residential, according to a deed signed Nov. 16 and recorded...

  • 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...

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  • Fourth developer in 19 months files apartments plan for Universal Blvd site

    Fourth developer in 19 months files apartments plan for Universal Blvd site

    Georgia-based developer Flournoy Partners is now the fourth multifamily developer in 19 months to pitch Class-A apartments for a prominent land parcel on Universal Boulevard, filings plans Monday for 330 units on a smaller footprint than past bidders. Located north of the Las Palmeras by Hilton...

  • Third Palm seeks future development flexibility for Grand Cypress Resort land

    Third Palm seeks future development flexibility for Grand Cypress Resort land

    Dallas-based Third Palm Capital is preparing to maximize its potential for the remaining developable land at its Grand Cypress Resort property, filing a Land Use Plan amendment this week that was long overdue to liberate its use of entitlements.  The company acquired approximately 1,400 acres of...

  • Miami-based investors pay $68.6M for I-Drive apartments leased by Disney

    Miami-based investors pay $68.6M for I-Drive apartments leased by Disney

    Miami-based commercial real estate investors the Fifteen Group paid $68.65 million on Tuesday for the 384-unit Patterson Court Apartments in Orlando's tourism corridor, which comes with the benefit of a master lease from the area's largest employer.  The deal was a joint venture between affiliates...

  • Redwood Capital pays $102M for third Orlando-area apts asset in Maitland

    Redwood Capital pays $102M for third Orlando-area apts asset in Maitland

    An affiliate of Chicago-based multifamily investors Redwood Capital Group paid $102 million last week for the 663-unit Arbors at Maitland Summit apartments, its third asset in the Greater Orlando market.  Located at 8427 Milano Dr. in northwest Maitland, the 37.77-acre property features 26 garden-style,...

  • Epoch files plan for 250-unit apts on Palm Parkway near future I-4 interchange

    Epoch files plan for 250-unit apts on Palm Parkway near future I-4 interchange

    Winter Park-based multifamily developer Epoch Residential filed plans Wednesday for its first apartment complex in Orlando's tourism corridor, set for 10 acres under contract that lie adjacent to a future Interstate 4 interchange.   GrowthSpotter first reported in late August that Epoch had a 10-acre...

  • Flagship Companies eyes site west of Meadow Woods for new self storage

    Flagship Companies eyes site west of Meadow Woods for new self storage

    Local developer Flagship Companies Group has a site west of Orlando's Meadow Woods neighborhood under contract with plans a three-story self storage facility, while the property's seller also tries to pave the way for new apartments nearby. Located on the northeast corner of S. Orange Avenue and...

  • Indiana-based developer plans market entry with 'Big House' apts near Reunion

    Indiana-based developer plans market entry with 'Big House' apts near Reunion

    An Indiana-based multifamily developer has filed preliminary plans for a $40 million luxury apartment complex in the heart of the ChampionsGate/Reunion submarket. Representatives with The Garrett Companies met last week with Polk County's Development Review Committee for a Level 1 pre-application...

  • Orlando low-income apts site under contract, $15M in renovations planned

    Orlando low-income apts site under contract, $15M in renovations planned

    A Cleveland-based manager of the 256-unit Windsor Cove apartments in west Orlando has the property under contract, and is planning a $15 million redevelopment of the low-income housing community. Millenia Housing Companies took over management of the property in March as part of a portfolio of...

  • Lantower Residential pays $59.5M for 3rd multifamily asset in Orlando

    Lantower Residential pays $59.5M for 3rd multifamily asset in Orlando

    Dallas-based multifamily owner-operator Lantower Residential paid  $59.5 million on Wednesday for the recently completed 282-unit Oasis at Grande Pines apartments in Orlando's tourism corridor, its third local asset buy in the past three years. Located at 11660 Westwood Blvd., the 16.44-acre site...

  • Harbor Group pays $97.1M for 2nd Orlando-area new apts asset this year

    Harbor Group pays $97.1M for 2nd Orlando-area new apts asset this year

    Virginia-based commercial real estate investors Harbor Group International paid $97.1 million this week for its second Orlando-area asset this year, buying the recently completed  449-unit Elan @ Audubon Park apartments in Orlando.  Located at 990 Warehouse Road, the 19-acre property lies northwest...

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  • New self storage developer & hotel plans lined up for Ravaudage in Winter Park

    New self storage developer & hotel plans lined up for Ravaudage in Winter Park

    Dan Bellows' Benjamin Partners Ltd. has sold its self storage development pad in the 73-acre Ravaudage property in Winter Park, and signed a new hotel flag for a mixed-use building in the master-planned community.  Site work is underway on a 1.05-acre parcel in Ravaudage at the northwest corner...

  • Orlando developer plans small retail & apts building in downtown Sanford

    Orlando developer plans small retail & apts building in downtown Sanford

    Sanford's Downtown Community Redevelopment Agency has awarded a $50,000 construction grant to an Orlando developer pitching new mixed-use multifamily in the city's urban core. The three-story development would include 14 one-bedroom apartments on the top two floors and 2,200 square feet of retail...

  • 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...

  • Orange County seeks developers for affordable multifamily housing

    Orange County seeks developers for affordable multifamily housing

    Orange County is looking for developers to build affordable multifamily housing in five neighborhoods of need, and has more than $3 million available to help fund it, according to a Request for Proposals (RFP) issued this week.  The county has budgeted $3.2 million of Neighborhood Stabilization...

  • BlueRock RE spends $183M+ for apts in Hunter's Creek & MetroWest

    BlueRock RE spends $183M+ for apts in Hunter's Creek & MetroWest

    National real estate investment firm BlueRock Real Estate spent $183.5 million this week for two value-add apartment properties in Orlando totaling 1,042 units, giving it three acquisitions in the region within the past month.  The company paid $97.5 million for the 532-unit Arium Hunter's Creek...

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  • Developer keys in on sites next to Valencia campuses for apartments, townhomes

    Developer keys in on sites next to Valencia campuses for apartments, townhomes

    Orlando developer and engineer Kal Hussein is teaming up with Park Square Homes' Suresh Gupta for a pair of projects next to Valencia College campuses in Orange and Osceola counties. Hussein's KRDK Investments, LLC has a purchase contract for 17.3 acres on Kissimmee's E192/Vine Street corridor,...

  • Reunion developer introduces new condo hotel plan at golf resort

    Reunion developer introduces new condo hotel plan at golf resort

    The master developer of Reunion Resort appears to have scrapped plans for a 300-room conference hotel at the resort in Osceola County in favor of a new pedestrian-friendly condo development. Encore Capital Management filed a new Preliminary Subdivision Plan (PSP) for the 46 acres that span both...

  • TruAmerica Multifamily buys 3rd Orlando apt complex this year for $47.7M

    TruAmerica Multifamily buys 3rd Orlando apt complex this year for $47.7M

    Los Angeles-based TruAmerica Multifamily paid $47.7 million on Friday for its third apartment complex bought in Orlando this year, drawn to the 300-unit Arium Falcon Pines for its value-add potential.  To be renamed Canterbury Cove, the 21-acre property at 10200 Falcon Pine Blvd. was developed...

  • Utah-based multifamily investor pays $56M to enter FL via Orlando, seeks more

    Utah-based multifamily investor pays $56M to enter FL via Orlando, seeks more

    Salt Lake City-based multifamily investor Millburn & Company paid $56.45 million on Friday to enter the Florida market via Orlando, buying a new and stabilized Class A property with an eye to aggressively grow its Orlando footprint over the next 24 months.  Located at 10038 Vista Laguna Dr., at...

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

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

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

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  • Global CRE investment group pays $42M for student apts near UCF

    Global CRE investment group pays $42M for student apts near UCF

    An affiliate of global investment group TH Real Estate paid more than $41.8 million last week for the Orion on Orpington student apartments near the University of Central Florida.  Located at 12700 Orpington St. directly south of Central Florida Research Park, the 21-acre property has 13 three-story...

  • 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...

  • InVictus earns praise for Parramore housing design, eyes Feb 2018 site work

    InVictus earns praise for Parramore housing design, eyes Feb 2018 site work

    Tampa-based InVictus Development, which earned Orlando's approval in mid-2016 for its "Parramore Oaks" affordable housing redevelopment plan in downtown, drew praise for its design on Thursday and should close on public land by February, a lead executive with the company told GrowthSpotter.  InVictus...

  • Design evolves & MPB approval follows for Banner's 13-story plan on E. Livingston

    Design evolves & MPB approval follows for Banner's 13-story plan on E. Livingston

    It took a few rounds of design and some thick skin during public feedback sessions, but Illinois-based multifamily developer Banner Real Estate Group earned a recommended approval on Tuesday from Orlando's Municipal Planning Board for the rezoning and road abandonment needed to precede a 13-story...

  • Austin developer scales back apts project for Orlando market entry on Universal

    Austin developer scales back apts project for Orlando market entry on Universal

    Austin-based multifamily developer Aspen Heights Partners is nearing its Orlando market entry via 19.88 acres on Universal Boulevard, revising down its footprint and unit count to earn provisional Development Plan approval last week.  Located north of the Las Palmeras by Hilton Grand Vacations timeshare...

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  • Infrastructure planned for 58 acres in Oakland to support Pulte, future apts

    Infrastructure planned for 58 acres in Oakland to support Pulte, future apts

    Local developer Dwight Saathoff's firm Project Finance and Development LLC is preparing plans for future senior living and multifamily phases on 58 acres in the west Orange County town of Oakland, 41 acres of which will first be developed by Pulte Group. Oakland commissioners approved a revised...

  • Related Group pays $10M for first 20 acres of Maitland mixed-use project

    Related Group pays $10M for first 20 acres of Maitland mixed-use project

    Miami-based The Related Group paid $10 million on Wednesday for 20 acres along Maitland's Lake Hope, where it could break ground next week on its first multifamily project in Greater Orlando, which will later be supported by 130,000 square feet of surrounding retail, potential office space and...

  • 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...

  • City staff push for design changes on 13-story concept along E. Livingston

    City staff push for design changes on 13-story concept along E. Livingston

    Illinois-based multifamily developer Banner Real Estate Group has the initial support of city staff for its proposed 13-story mixed-use apartment building planned in Downtown Orlando, but has also been put on notice that key design elements must change in the coming months.  Conceptual plans and...

  • 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...

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  • New York investor drops $16.5M on bulk condo unit buy in tourism corridor

    New York investor drops $16.5M on bulk condo unit buy in tourism corridor

    New York-based multifamily investor ESG Kullen LLC paid $16.57 million last week for 145 units in the Discovery Palms condominium complex in Orlando, according to a deed recorded Tuesday in Orange County. ESG Kullen secured a mortgage on the property for $20.82 million from TH Commercial Mortgage...

  • Start on foundation work for Inverlad's 'The Yard' at Ivanhoe eyed for Oct-Nov

    Start on foundation work for Inverlad's 'The Yard' at Ivanhoe eyed for Oct-Nov

    With road realignment nearly done and relocation of utility lines taking longer than expected, Real Estate Inverlad Development expects to start laying foundation for The Yard at Ivanhoe mixed-use project by November, senior vice president Chance Gordy told GrowthSpotter.  Inverlad is about 30...

  • Developer refines mixed-use tower plan in Downtown Orlando to favor pedestrian

    Developer refines mixed-use tower plan in Downtown Orlando to favor pedestrian

    Illinois-based multifamily developer Banner Real Estate Group has further updated its conceptual site plan for a 13-story mixed-use building a block north of Lake Eola to favor the pedestrian experience, in anticipation of a Municipal Planning Board hearing for multiple requests next month.   An...

  • Developer buys apts site behind Fashion Square for Orlando entry, seeks more land

    Developer buys apts site behind Fashion Square for Orlando entry, seeks more land

    Hollywood-based multifamily developer and operator The Cornerstone Group paid more than $8.64 million last week for a 15-acre site behind Fashion Square Mall, planned and entitled for 356 apartments last year by Trammell Crow Residential.  Cornerstone has previously focused on affordable housing development...

  • 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...

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  • Tampa-based multifamily investor pays $16.5M for 2nd Orlando apt complex

    Tampa-based multifamily investor pays $16.5M for 2nd Orlando apt complex

    Blue Rock Partners, a Tampa-based firm that sold three Orlando-area apartment complexes last year, paid $16.5 million in late June to rebuild its Orlando portfolio with the 215-unit Royal Oaks Apartments on N. Pine Hills Road. Blue Rock bought the property through affiliate Rock Rose Partners Royal...

  • Praedium pays $49.5M for new Ocoee apts, seller's adjacent retail project on hold

    Praedium pays $49.5M for new Ocoee apts, seller's adjacent retail project on hold

    New York-based real estate investors The Praedium Group paid $49.55 million on Friday for the 242-unit Park Place at Maguire apartments in Ocoee, its fourth multifamily asset in Greater Orlando and second purchase in the past year.  Located at 1750 Maguire Road northeast of the intersection with...

  • 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...

  • Bahrain-based private investment group buys student housing near UCF

    Bahrain-based private investment group buys student housing near UCF

    Investcorp, a private global investment company headquartered in the Persian Gulf nation of Bahrain, paid $42.27 million last week for a 228-unit student housing complex near the University of Central Florida. The company purchased the former Village at Alafaya Club last Thursday, according to...

  • Starlight U.S. Multifamily pays $63M for Dr. Phillips-area apt complex

    Starlight U.S. Multifamily pays $63M for Dr. Phillips-area apt complex

    Affiliates of Toronto-based real estate investment firm Starlight U.S. Multifamily paid $63 million on Thursday for its fourth asset in the Greater Orlando market, buying the 315-unit Altis Sand Lake apartments in Dr. Phillips. Located at 7118 Altis Way near Dr. Phillips, the Class A community...

  • Tavistock gives name, start date & Tesla cars to new Lake Nona apt bldg

    Tavistock gives name, start date & Tesla cars to new Lake Nona apt bldg

    Tavistock Development Company has given a new name and construction start date to its planned 11-story mixed-use building in Lake Nona, which will feature Greater Orlando's first offering of urban micro-apartments and a host of innovative new amenities.  First reported here in early October 2016...

  • New renderings update plan for mixed-use apartment bldg in Downtown Orlando

    New renderings update plan for mixed-use apartment bldg in Downtown Orlando

    New renderings and documentation filed with the city of Orlando offer a clearer view of what Illinois-based multifamily developer Banner Real Estate Group is planning for an 11- to 13-story mixed-use tower in Downtown Orlando.  An initial filing in mid-April set the stage for Banner's desired entry...

  • Elevation principals clean up motel on W. Colonial, consider HUD apts conversion

    Elevation principals clean up motel on W. Colonial, consider HUD apts conversion

    Principals with Orlando-based Elevation Development have spent the past year cleaning up a run-down motel west of Downtown Orlando, and are now considering a conversion to affordable apartments.  Located at 4919 W. Colonial Dr., just east of an intersection with C.R. 431, the 4.6-acre property...

  • Senior living group tabbed for next development at Ravaudage in Winter Park

    Senior living group tabbed for next development at Ravaudage in Winter Park

    Dan Bellows' Benjamin Partners Ltd. has 3 acres of the 73-acre Ravaudage property in Winter Park under contract to a Vero Beach-based senior living developer, with plans for an assisted living and memory care facility.  A Development Review Committee meeting on Wednesday will focus on development...

  • City Center West Orange developer buys more land west of Ocoee project

    City Center West Orange developer buys more land west of Ocoee project

    More land was added on Friday to what will be the western entry point of City Center West Orange in Ocoee, with an affiliate of developer Park Development Corp. paying $1.688 million for about 4.7 acres bisected by a new connector road that's nearly complete.  Located at 1100 Maguire Road, the...

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  • Self storage, fuel station & more start to line up for 65 acres on Turkey Lake Road

    Self storage, fuel station & more start to line up for 65 acres on Turkey Lake Road

    Developer Randall F. Greene has more than half of his affiliate's 65 acres on Turkey Lake Road in the tourist corridor under contract or close to it for lakefront apartments, a national self-storage operator and fuel station, with retail, hotel and medical office in play for the rest.  Located...

  • Co-living developer Ollie eyes Greater Orlando area for new projects

    Co-living developer Ollie eyes Greater Orlando area for new projects

    Executives at Ollie, the New York-based developer that is a leader in the emerging “co-living” apartment market, say there’s a good chance they will build a project in the Greater Orlando area. Andrew Levin, Ollie’s director of real estate partnerships, said Orlando presses all the right buttons...

  • 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...

  • Harbor Group re-enters Greater Orlando w/Maitland apts at $44.3M, seeks more

    Harbor Group re-enters Greater Orlando w/Maitland apts at $44.3M, seeks more

    Virginia-based commercial real estate investors Harbor Group International paid $44.35 million on Tuesday to re-enter the Greater Orlando market, buying the recently completed 244-unit The Courtney at Lake Shadow apartments in Maitland. The company has shifted its investment focus in the past year...

  • 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...

  • Developer plans 300 apts on Orange Lake land west of Disney, GC/architect sought

    Developer plans 300 apts on Orange Lake land west of Disney, GC/architect sought

    Windermere-based multifamily developer Deion R. Lowery has more than 129 acres under contract from Orange Lake Resorts south of Disney World's growing Flamingo Crossings district, with plans for 300 Class A apartments to serve theme park staff.  Located on the western side of Lake Britt at its...

  • 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."...

  • Atlanta investor pays $50.4M for Orlando apts, NJ-based seller seeks value-add

    Atlanta investor pays $50.4M for Orlando apts, NJ-based seller seeks value-add

    An affiliate of Atlanta-based multifamily investor M. Banks Realty Partners paid $50.4 million on Wednesday for the 288-unit Savannah at Park Central apartments, and the seller now seeks new investment opportunities in Greater Orlando. Located at 2691 Charleston Town Place, northeast of the intersection...

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