Multi-Family Residential Developments

  • 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...

  • 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."...

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  • 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...

  • Two separate developers planning live-work spaces in Osceola County

    Two separate developers planning live-work spaces in Osceola County

    Two separate developers are in early-stage planning for combined live-work spaces on opposite ends of Osceola County. Broker Mark Allen with Commercial Real Estate Professionals met with county planning staff on Wednesday to discuss site plan issues for a three-parcel assemblage at the northeast...

  • Contractor pays $6.5M for Lake Ivanhoe site planned for 9-story apt tower

    Contractor pays $6.5M for Lake Ivanhoe site planned for 9-story apt tower

    An affiliate of design/build contractor FINFROCK paid $6.5 million on Thursday for the majority of a 2.41-acre site in Ivanhoe Village now home to the Baldwin-Fairchild Funeral Home, which is planned for a nine-story, 260-unit apartment complex by Winter Park-based Alliance Residential Company....

  • AV Homes wants to build townhomes by new Valencia College Poinciana campus

    AV Homes wants to build townhomes by new Valencia College Poinciana campus

    Developer AV Homes is planning to build 102 townhomes within walking distance of the new Valencia College Poinciana Campus, but the plan would require converting approved residential lots in its luxury, gated Bellalago neighborhood for multifamily use. The 10-acre site is just south of the college...

  • Developer looking for partners on Rollins College student housing venture

    Developer looking for partners on Rollins College student housing venture

    Winter Park developer Chris Hughes believes he's found the right location and design for a student housing venture near Rollins College that will blend in with the downtown neighborhood. Hughes, a principal of Wekiva Capital Partners, is modeling his "cottage style" student housing development...

  • Lennar prepping for more condos in next phase of Storey Lake Resort

    Lennar prepping for more condos in next phase of Storey Lake Resort

    Lennar Homes has begun prepping its fourth phase at Kissimmee's Storey Lake resort community, which is now one of Osceola County's fastest-growing developments. Osceola County planning staff have already recommended approval for a Phase 4 Preliminary Subdivision Plan that calls for 297 condos to...

  • Picerne plans for 108-acre project near Lake Nona, new apts in East Orlando

    Picerne plans for 108-acre project near Lake Nona, new apts in East Orlando

    Altamonte Springs-based Picerne Development Corp. will seek a construction lender in the fourth quarter for its next multifamily project in East Orlando, and is lining up mixed-use plans for 108 acres under contract near Lake Nona, a lead executive with the company told GrowthSpotter.  Picerne...

  • Nvision & JV partner to rezone site near Valencia College East for student apts

    Nvision & JV partner to rezone site near Valencia College East for student apts

    Orlando-based Nvision Development Management Services and a Texas-based partner have 12.3 acres under contract south of Valencia Community College East, and got the ball rolling on Wednesday to rezone the site for a student housing project.  The group has completed due diligence since holding a...

  • Washington D.C.-based Kettler eyes Florida market entry in Celebration

    Washington D.C.-based Kettler eyes Florida market entry in Celebration

    A Washington, D.C.-area developer that specializes in multifamily mixed-use projects is eyeing its Florida market entry via Celebration. Kettler has filed a conceptual plan for an 18.4-acre commercial parcel on Celebration Boulevard, right next to Adventist Health Sytem's new $20 million skilled...

  • More restaurants and apartments in the works for ChampionsGate

    More restaurants and apartments in the works for ChampionsGate

    The nation's largest Panera franchisee paid $1.3 million last week for one of the last undeveloped lots in ChampionsGate Village. Covelli Enterprises owns and operates 77 Panera Bread locations in Florida, including 32 in the Orlando area. The company acquired the lot next to Red Robin, which faces...

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  • Osceola staff wants major changes to Tavistock Sunbridge plan

    Osceola staff wants major changes to Tavistock Sunbridge plan

    Osceola County's planning staff is pushing for a dramatic rewrite of the Phase 1 master plan for Tavistock Development Company's Sunbridge project. Entitlements consultant Richard Levey and other members of the Tavistock team had an hours-long meeting in April with the county's Development Review...

  • Eaton Vance REIG affiliate pays $56.5M for Aqua at Millenia apartments

    Eaton Vance REIG affiliate pays $56.5M for Aqua at Millenia apartments

    An affiliate of Boston-based Eaton Vance Investment Managers paid $56.5 million on Tuesday for the 329-unit Aqua at Millenia apartments. Located at 5451 Millenia Lakes Blvd., the 8.23-acre property has five mid-rise apartment buildings of four stories each, and structured parking. Built in 2009...

  • Northland pays $65M for majority condo stake in The Paramount on Lake Eola

    Northland pays $65M for majority condo stake in The Paramount on Lake Eola

    Massachusetts-based Northland Investment Corporation paid a combined $65.25 million on Thursday for a majority commercial and residential stake in the 313-unit The Paramount on Lake Eola, a Downtown Orlando condominium tower. The company plans to invest more than $4 million in improvements to the...

  • Brazilian group prepping Four Corners site for large multifamily project

    Brazilian group prepping Four Corners site for large multifamily project

    A Brazilian investment group led by engineer Odilon Monterio has applied to rezone a 20-acre parcel on the Westside Boulevard corridor for a new multifamily development. Monteiro is a veteran civil engineer in Sao Paulo and a lead executive with real estate-focused engineering firms Pozam Engenharia...

  • Artegon owner preps own mixed-use redevelopment concepts for I-Drive mall

    Artegon owner preps own mixed-use redevelopment concepts for I-Drive mall

    New York-based Lightstone Group is working with VHB, Inc., on its own mixed-use redevelopment plans for the 104-acre Artegon Marketplace property on N. International Drive, after nearly nine months of marketing the asset for sale.  Envisioning a mix of retail-commercial, hotels and multifamily...

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  • Developer pursues assemblage, mixed-use apartment tower in Downtown Orlando

    Developer pursues assemblage, mixed-use apartment tower in Downtown Orlando

    Illinois-based multifamily developer Banner Real Estate Group is pursuing its market entry to Central Florida with a proposed six-parcel assemblage in Downtown Orlando a block northwest of Lake Eola, and initial plans for a 13-story mixed-use tower.  The proposal is very early-stage, with a height,...

  • Intram lands developer for Phase 1 multifamily at Sunrise City Plaza

    Intram lands developer for Phase 1 multifamily at Sunrise City Plaza

    Intram Investments is teaming up with Integra Land Company for the multifamily portion of its 238-acre Sunrise City mixed-use project in Kissimmee's tourism corridor. Intram President Rashid Khatib told GrowthSpotter that the Lake Mary developer is expected to close in August on 11.5 acres just...

  • Canadian developer planning $8 million multifamily conversion of W192 hotel

    Canadian developer planning $8 million multifamily conversion of W192 hotel

    Montreal-based developer Aldo Coviello said it will take a good architect, a lot of money and some magic to convert a shuttered hotel on Kissimmee's W192 corridor into a modern apartment building. But that's what he intends to do. Coviello, president of Aldo Construction, said he has a contract...

  • Atlantic Housing buys 18.5 acres in East Orange for apts near Valencia College

    Atlantic Housing buys 18.5 acres in East Orange for apts near Valencia College

    Winter Park-based multifamily developer Atlantic Housing Partners recently paid $2.74 million for 18.5 acres in east Orange County, where it plans to build a 238-unit apartment complex. A company affiliate purchased the property on North Chickasaw Trail from Chickasaw Property LLC on April 13,...

  • McKinley buys 12th apartment property near Universal theme parks

    McKinley buys 12th apartment property near Universal theme parks

    National multifamily owner-operator McKinley paid more than $43 million on Tuesday for its 12th apartment property in the Universal Orlando submarket along Conroy Road, buying the 320-unit Middlebrook Farms Apartments.  Located at 4000 Middlebrook Road just off the 5000 block of Conroy, the 42-acre...

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  • Alliance Residential scales back Lake Ivanhoe tower plans for MPB approval

    Alliance Residential scales back Lake Ivanhoe tower plans for MPB approval

    After a month of significant tweaks to design, height and the project's mixed-use gameplan, Winter Park-based Alliance Residential Company earned approval Tuesday from Orlando's Municipal Planning Board for its proposed apartment tower in downtown's Ivanhoe Village.  City planning staff have supported...

  • Blackstone pays $175M for two Orlando multifamily assets, including 55 West

    Blackstone pays $175M for two Orlando multifamily assets, including 55 West

    The Blackstone Group paid a combined $175.25 million in a national portfolio deal last Thursday for two large multifamly properties in Orlando from Boston-based TA Realty, including one of Downtown Orlando's tallest towers.  The world's largest private equity firm paid $105 million for the 33-story,...

  • Austin apartment developer eyes Orlando market entry via Universal Blvd

    Austin apartment developer eyes Orlando market entry via Universal Blvd

    Austin-based multifamily developer Aspen Heights Partners is pursuing its Orlando market entry via 26 acres on Universal Boulevard, with plans filed Friday for a 418-unit apartment complex on a site that was under contract to a competitor last year, right between the future Topgolf, Andretti Indoor...

  • Buyers & road work being lined up for 126-acre Apopka master-planned community

    Buyers & road work being lined up for 126-acre Apopka master-planned community

    A Tampa-based developer behind the 126-acre, master-planned Avian Pointe community in Apopka has prospective buyers for several of the segments, and could start construction this summer on a new interconnector road.  Initially proposed in 2014, the project was described at the time as Apopka's...

  • Contractors sought to aid mixed-use planning on Narcoossee Road lakefront

    Contractors sought to aid mixed-use planning on Narcoossee Road lakefront

    A Saudi Arabian investor will seek a landscape architect and more in the coming weeks to refine plans for 35 acres on Lake Whippoorwill east of the Lake Nona Landing shopping center, the project's development coordinator told GrowthSpotter.  Paperwork for a Specific Parcel Master Plan was filed...

  • Better Built Homes launching new townhouse project on U.S. 27

    Better Built Homes launching new townhouse project on U.S. 27

    Polk developer and homebuilder Jean Marsan has broken ground on a 40-unit townhouse development on the U.S. 27 corridor, just north of Heart of Florida Hospital. Marsan, owner of Marsan Realty and Better Built Homes, bought the 5-acre parcel on Holly Hill Grove Road in December for $182,000. The...

  • NY-based investor pays $64M for apts near Baldwin Park, plans $1M in reno

    NY-based investor pays $64M for apts near Baldwin Park, plans $1M in reno

    Affiliates of New York-based White Eagle Property Group paid more than $64.13 million in late March for the 480-unit Auvers Village apartments near Orlando's Baldwin Park, its 12th asset in Central Florida and second local acquisition within the past five months.  The company should invest another...

  • Developers continue to seek multifamily sites near Valencia College East Campus

    Developers continue to seek multifamily sites near Valencia College East Campus

    Another property owner near the Valencia College East Campus is seeking to revise the Expressway Center Planned Unit Development to build apartments. Private Equity Solutions (PES), which bought nearly 20 acres of mostly wetland property in the PUD, applied to Orange County within the past week...

  • Controversial apartment development in Dr. Phillips moves forward

    Controversial apartment development in Dr. Phillips moves forward

    Atlanta-based Wood Partners is moving forward with the second phase of its Dr. Phillips-area The Rialto apartments on Spring Lake. The developer filed a Development Plan (DP) with Orange County last week for the five-story complex, with only minor changes from the proposal that generated enough...

  • 2 multi-family properties near Disney sell for $102.3 million

    2 multi-family properties near Disney sell for $102.3 million

    Two large multi-family complexes on Little Lake Bryan near Walt Disney World Resort were sold by J.P Morgan Investment Management to affiliates of Ares Capital Corp., according to deeds dated March 24 and recorded in Orange County March 29. Chatham Square Multi-Family LLC sold its property at 8161...

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  • Goldelm & Michaelson pay $19.4M for apts property on Conway Road

    Goldelm & Michaelson pay $19.4M for apts property on Conway Road

    An affiliate of Colorado Springs-based Goldelm Apartments paid $19.4 million on Thursday for the 200-unit Park at Salerno apartments in East Orlando, partnering on the purchase with a long-time minority stakeholder and property manager.  Located at 2100 S. Conway Road, the 9.5-acre property features...

  • CitiTower in Downtown Orlando lines up 1st retail tenant, on pace for July opening

    CitiTower in Downtown Orlando lines up 1st retail tenant, on pace for July opening

    Buffalo, N.Y.-based The Healthy Scratch may begin its expansion via Downtown Orlando, a prospective first retail tenant in the 25-story CitiTower apartments south of Lake Eola that's on pace to open in July, the building's developer told GrowthSpotter.  Serving cold-pressed juices, smoothies, toasts,...

  • Developer pitches new retirement community next to ChampionsGate

    Developer pitches new retirement community next to ChampionsGate

    Polk County developer Jean Marsan met with Osceola County planners Wednesday morning to get feedback on his proposal for a 156.4-acre gated retirement community on Bella Citta Boulevard, next to ChampionsGate. Marsan, owner of Marsan Realty and Better Built Homes, is proposing a total of 671 residential...

  • Venterra pays $78.5M for District apts on Universal Blvd, drawn by retail value-add

    Venterra pays $78.5M for District apts on Universal Blvd, drawn by retail value-add

    Ontario-based multifamily owner/operator Venterra Realty paid $78.5 million on March 9 for the 425-unit The District apartments on Universal Boulevard, drawn to the value-add potential of vacant retail space in the growth epicenter of Orlando's tourism corridor, a lead executive with the company...

  • New York's United Group plans new apartment complex in Kissimmee

    New York's United Group plans new apartment complex in Kissimmee

    New York-based developer United Group is seeking site plan approval from the City of Kissimmee for a 108-unit apartment complex on John Young Parkway, about two blocks north of W. Vine Street. The Hamilton at Lakeside would be built on roughly 6 acres, accessing John Young Parkway via Bermuda Lakes...

  • Lennar files preliminary plan for more than 800 homes at ChampionsGate

    Lennar files preliminary plan for more than 800 homes at ChampionsGate

    Lennar representatives will meet with Oscoela County planners Wednesday to begin discussions for the next phase in ChampionsGate comprising approximately 821 new homes and condos. The Four Corners community is approved for more than 3,000 homes. The homebuilder has filed conceptual plans for a...

  • Downtown Winter Garden building nears construction, leasing agent sought

    Downtown Winter Garden building nears construction, leasing agent sought

    Winter Garden’s first downtown apartments in years are close to a construction start, and the developers are looking for restaurant, office, and retail tenants for the 8,600 square feet of commercial space planned for the ground level of a three-story mixed-use building. “We will hire a leasing...

  • Local contractor preps site for first multifamily development, seeks lender

    Local contractor preps site for first multifamily development, seeks lender

    A local general contractor may be seeking a construction lender in the coming months to get behind his first personal investment in commercial development, a 27-unit multifamily project in Southeast Orlando.  Located at 6847 Hoffner Ave., the 1.5 acres across two parcels lie just west of an intersection...

  • New developer buys land slated for Winter Springs apts, groundbreaking in April

    New developer buys land slated for Winter Springs apts, groundbreaking in April

    Atlanta-based Catalyst Development Partners paid $5 million on March 1 for a 16.5-acre parcel in Winter Springs slated for a 279-unit apartment project. The apartments were to be built by Pollack Shores Real Estate Group, which guided the project through the city’s entitlement process last year....

  • Hanover Company plans 394 apts for 3rd piece of Grenada land in Dr. Phillips

    Hanover Company plans 394 apts for 3rd piece of Grenada land in Dr. Phillips

    Houston-based multifamily developer The Hanover Company is preparing to re-enter the Orlando market after more than 20 years, as the third buyer under contract for land along Turkey Lake Road that's considered one of the last large housing infill opportunities in Dr. Phillips. Based southwest of...

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  • California CRE investors pay $15.5M for affordable apts complex near Orlando

    California CRE investors pay $15.5M for affordable apts complex near Orlando

    Rivergate Companies, a South Florida real estate firm, turned a $6 million profit on its recent sale of an Orlando-area apartment complex, and the company is looking for more investments in Central Florida. An affiliate LLC of the company sold Beacon Hill Apartments for $15.5 million on Feb. 28,...

  • Aventura developer plans mixed-use for 18 acres by SunRail, CRE leasing agent sought

    Aventura developer plans mixed-use for 18 acres by SunRail, CRE leasing agent sought

    An affiliate of Aventura-based Master Real Estate filed plans this week for a mixed-use development on 18 acres within walking distance of the Sand Lake Road SunRail station, and will seek a commercial leasing agent and lender in the coming months, a partner with the group told GrowthSpotter.  ...

  • DeBartolo Development to build new apartments in Reunion Resort

    DeBartolo Development to build new apartments in Reunion Resort

    Reunion Resort master developer Encore Capital Management is teaming up with a familiar partner to develop a new luxury apartment complex just off the S.R. 429 interchange. DeBartolo Development President and COO Edward Kobel told GrowthSpotter the Tampa-based company hopes to break ground in a...

  • InVictus Development's Parramore project back on track for state funding

    InVictus Development's Parramore project back on track for state funding

    The Florida Housing Finance Corp. (FHFC) board unanimously rejected a legal challenge on Wednesday that was stalling several affordable housing developments in Florida's most populous counties, including the planned redevelopment of 6.34 acres in Downtown Orlando known as "Parramore Oaks."  Tampa-based...

  • 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...

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  • Tavistock eyes Q2 start on building with micro-apts near Lake Nona Town Center

    Tavistock eyes Q2 start on building with micro-apts near Lake Nona Town Center

    Tavistock Development Company is updating plans for an 11-story mixed use building in Lake Nona that will feature its first offering of urban micro-apartments, increasing the unit count with a potential groundbreaking by the second quarter.  First reported here in early October, the project is...

  • 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....

  • 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...

  • Lake Nona-area apartment complex goes for $56M

    Lake Nona-area apartment complex goes for $56M

    A New York real estate acquisition and management firm paid $56 million for an apartment complex near Lake Nona that was completed earlier this year. Sentinel Real Estate Corp. bought Nona Park Village at 9100 Dowden Road from Epoch Residential, a Winter Park developer and manager of apartment...

  • 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...

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  • 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...

  • 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...

  • 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...

  • 3rd-gen local CRE investor spends $1.5M on two Downtown Orlando sites

    3rd-gen local CRE investor spends $1.5M on two Downtown Orlando sites

    A third-generation investor in local real estate spent more than $1.5 million last week on two value-add commercial properties in Downtown Orlando. Brad Cowherd, principal of Florida Oranges Land Company and owner/operator of Infusion Tea on College Park's Edgewater Drive, has continued on the...

  • 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...

  • 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...

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  • 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...

  • 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...

  • 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...

  • 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...

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