Multi-Family Residential Developments

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

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

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

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

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

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

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

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

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

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

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

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

  • 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...

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  • 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...

  • 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...

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

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

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

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  • 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...

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

    Trammell 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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