Brazilian Business Developments

  • Flex-industrial developers buy Boggy Creek Road site w/warehouse entitlements

    Flex-industrial developers buy Boggy Creek Road site w/warehouse entitlements

    A South American development group with local flex-industrial experience paid $2.6 million on June 4 for its next potential warehouse park site near Orlando International Airport.  Located at 9197 Boggy Creek Road and bordered by Dowden Road, the property is near S.R. 528, the Florida Turnpike...

  • NY investor pays $3M for Brazilian restaurant site near outlet mall, seeks more

    NY investor pays $3M for Brazilian restaurant site near outlet mall, seeks more

    A New York-based investor paid $3 million in late May for a prominent Brazilian restaurant property in Orlando's tourism corridor, turning part of the proceeds from a January asset sale to fulfill a 1031 exchange opportunity. Located at 8191 Vineland Ave., directly east of the Vineland Premium...

  • Rio de Janeiro-based music venue & restaurant plans 2nd location on I-Drive

    Rio de Janeiro-based music venue & restaurant plans 2nd location on I-Drive

    The owners of one of Rio de Janeiro's most popular rock and roll live music venues are preparing to open a second location on Orlando's International Drive, leasing a shuttered restaurant site that lies amongst a handful of South American hotel investments.  Located at 7308 I-Drive, the 7,500-square-foot...

  • Kissimmee W192 Lake Cecile site eyed for new condo resort community

    Kissimmee W192 Lake Cecile site eyed for new condo resort community

    A Brazilian multifamily developer is planning its Orlando entry via Kissimmee with a $30 million condominium project on the W192 tourism corridor. Four Seasons Company partner Ricardo Amaral and his representatives met this week with Osceola County's Development Review Committee to discuss developing...

  • Brazilian hospitality group buys hotel near I-Drive, plans reno & rebrand

    Brazilian hospitality group buys hotel near I-Drive, plans reno & rebrand

    Principals in a small Brazilian hotel chain paid $7.5 million on Wednesday to enter the Orlando tourism corridor, buying a 190-key independent hotel along International Drive they plan to renovate and rebrand.  Located at 6825 Visitors Circle, the Continental Plaza Hotel was built in 1983 and occupies...

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  • Mix of modern townhomes, commercial condos planned at FL Turnpike in Ocoee

    Mix of modern townhomes, commercial condos planned at FL Turnpike in Ocoee

    A Brazilian contractor and real estate investor has a heavily trafficked site under contract in central Ocoee, with plans for a mixed-use, energy-efficient townhome and commercial condo development. Located at the southwest corner of Maguire Road and the Florida Turnpike, the 16.92-acre assemblage...

  • Magic Development launches sales for new $250M resort at Magic Place

    Magic Development launches sales for new $250M resort at Magic Place

    Just two months after spending $20 million to buy 364 acres in Kissimmee's W192 tourism corridor, Magic Development is launching the pre-sales for its third Magic Village resort.  Magic CEO Rodrigo Cunha announced the $250 million project Friday. With 453 units planned for Phase 1, Magic Village...

  • Brazilian developer plans flex warehouse on US 17-92 in Polk

    Brazilian developer plans flex warehouse on US 17-92 in Polk

    A Brazilian developer is planning to build 108,000 square feet of flex office/warehouse space on U.S. 17-92 in Polk County.   Haroldo de Barros purchased the 12-acre acre parcel five years ago under his U.S. affiliate Danpol Development. He wants to develop the business park in two phases, with...

  • Architect's 48-hour redesign effort saves Brazilian group's hotel plan near I-Drive

    Architect's 48-hour redesign effort saves Brazilian group's hotel plan near I-Drive

    Brazilian hotel owner-operator Grupo Atlantico has scrapped and redrawn plans within the past week for its first North American hotel in Orlando's tourism corridor, led by an architect's 48-hour design binge to keep the project on schedule.  When Grupo Atlantico bought the 2.35-acre site at 5871...

  • Brazil's Grupo Atlantico expands plan for first U.S. hotel near I-Drive

    Brazil's Grupo Atlantico expands plan for first U.S. hotel near I-Drive

    Brazilian hotel owner-operators Grupo Atlantico have moved fast in the past two months to finish design of their first North American hotel in Orlando's tourism corridor, adding rooms and select-service amenities for a new Master Plan submitted to the city. Located at 5871 Carrier Dr., southeast...

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  • Summer construction planned for new assisted living facility in St. Cloud

    Summer construction planned for new assisted living facility in St. Cloud

    Brazil-based Copacabana Properties is ready to move forward on a three-story, 80,000-square-foot assisted living facility in St. Cloud. The developer purchased the 3.15-acre site on 17th Street in August 2015 for $1 million and retained FEG President Sam Sebaali to assist with permitting and engineering....

  • Polk developer looking for partners on Reunion-area project

    Polk developer looking for partners on Reunion-area project

    Longtime Davenport real estate agent Lucia Camara has 141 acres of lakefront property under contract on Lake Wilson Road just south of Reunion Resort, and she's looking for development partners. Camara told GrowthSpotter she's scheduled to close on the property in March. It would be her third development...

  • 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...

  • Artisan ice cream truck owner seeks retail space for expansion

    Artisan ice cream truck owner seeks retail space for expansion

    A veteran Brazilian chef who has established artisan ice cream truck Froby's over the past month while parked at International Premium Outlets is seeking local retail space, with an aim to establish two storefronts in Orlando over the next year.  Using only fresh fruit, imported chocolate and organic...

  • Shopping plaza at Kissimmee downtown gateway sells for $8M

    Shopping plaza at Kissimmee downtown gateway sells for $8M

    A Brazilian-led investment group has acquired a Kissimmee shopping center and 7-Eleven gas station at one of the most prominent corner intersections in the city. Vine Street Plaza Investors LLC paid $8 million on Dec. 1 for the 4.3 acres at the northwest quadrant of Main and Vine streets, facing...

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  • Four Corners developer looking for investors in shovel-ready project

    Four Corners developer looking for investors in shovel-ready project

    A Polk County developer is looking to sell her shares in a shovel-ready vacation home project as she preps the adjacent property for office and retail development. Longtime Davenport realtor Lucia Camara has an approved site plan for Villa Domani, a 62-unit boutique vacation home community at the...

  • Brazilian developer pursues apt-condos plan on Lake Willis

    Brazilian developer pursues apt-condos plan on Lake Willis

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

  • Brazilian investor pursuing land next to Reunion

    Brazilian investor pursuing land next to Reunion

    A Brazilian real estate investor will pursue a Commercial Tourist rezoning for 6.9 acres on Osceola Polk Line Road in Four Corners, his broker told GrowthSpotter Friday. Sean Fullerton said his client, Haroldo de Barros, has a contract to buy the property, which is just outside of the Reunion Resort....

  • Brazilian construction mogul buys Celebration estate for $2.1M

    Brazilian construction mogul buys Celebration estate for $2.1M

    Estate homes in Kissimmee's Celebration community routinely top $1 million. But even on the toniest streets, $2 million home sales are rare. Star Magnolia, a 6,159-square-foot red brick mansion on the 700 block of Eastlawn Drive, became the first for 2016, selling May 26 for $2.1 million.  "Typically...

  • Brazilian developer Lancelot cuts teeth on Osceola townhomes, seeks more land

    Brazilian developer Lancelot cuts teeth on Osceola townhomes, seeks more land

    Rio de Janeiro-based residential developer Lancelot Incorporações has found its footing in U.S. development over the past year, with its first phase of vacation homes under construction in Kissimmee. The group now wants to branch out into multi-family, and is seeking urban infill land across Greater...

  • Brazilian developer & builder enters U.S. via Kissimmee, buying land w/plans

    Brazilian developer & builder enters U.S. via Kissimmee, buying land w/plans

    Brazilian developer and builder Platinum Construções entered the U.S. market this week via Kissimmee, spending $1.25 million for 7.7 acres, paired with plans for a fully-entitled 88-unit townhome condo project. The intercontinental leap is a survival instinct for the company, president Ricardo...

  • Clermont sells city property with a view to Brazilian investors

    Clermont sells city property with a view to Brazilian investors

    The City of Clermont has sold a hilltop parcel it once planned as home for its new police station to Brazilian investors for $1.308 million, according to Lake County sale records and Jim Hitt, the city’s economic development director. Hitt said the purchaser, Fonstock Real Estate Investments LLC,...

  • Brazilian soccer legend buys Windermere home for $1.4M

    Brazilian soccer legend buys Windermere home for $1.4M

    Brazilian soccer legend Rivaldo paid $1.429 million last Friday for a new home in the gated Toll Brothers-built community Casabella at Windermere.  Rivaldo Vitor Borba Ferreira and wife Eliza Kaminski Ferreira purchased the home together, which Toll Brothers finished construction on in early March,...

  • Brazilian shareholders battle over pre-trial buyout for Crowne Plaza Universal

    Brazilian shareholders battle over pre-trial buyout for Crowne Plaza Universal

    Two shareholders battling over ownership of the Crowne Plaza Orlando Universal Hotel each want to buy out the other's stake, but are miles apart on settlement talks. The property could be worth $34 million or more, based on a new appraisal conducted by CBRE Orlando in March on behalf of the hotel's...

  • New co-working space startup seeks CRE broker, investors for FL expansion plans

    New co-working space startup seeks CRE broker, investors for FL expansion plans

    A trio of Brazilian businessmen opening their first co-working space in Downtown Orlando are already thinking expansion, seeking an office real estate broker who can research Tampa, Miami and Fort Lauderdale, and investors to back the new locations.  Located at 14 E. Washington St., Sbrubbles will...

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  • Brazilian meat processor picks Tavares to enter U.S. market, will renovate ice plant

    Brazilian meat processor picks Tavares to enter U.S. market, will renovate ice plant

    A Brazilian meat company is on the verge of expanding internationally by way of Tavares, with plans to re-purpose a former ice plant near the city for meat processing, for sale domestically and to new export markets, a principal with the company told GrowthSpotter.  Last September, The Gold Meat...

  • First look at latest Pininfarina designs for Magic Place

    First look at latest Pininfarina designs for Magic Place

    Magic Development and Pininfarina released a new set of renderings on Friday for the $1.7 billion Magic Place community scheduled to start construction in July. GrowthSpotter was the first to publish the initial rendering of the Magic Place towers on March 18. Magic Development CEO Rodrigo Cunha...

  • Vacation home pioneer Contempo Group & builder Feltrim Group break ground on newest 'Virgin Village'

    Vacation home pioneer Contempo Group & builder Feltrim Group break ground on newest 'Virgin Village'

    Feltrim Group has just started construction on Balmoral at Waterfront, a new 245-unit vacation home resort in Haines City that could be home to the area's second "Virgin Village." Located on U.S. 27 just south of Highway 17, the 115-acre gated community will feature a mix of townhomes, single family...

  • Local developer to open Ronaldo Soccer Academy franchise in Haines City

    Local developer to open Ronaldo Soccer Academy franchise in Haines City

    Vacation home developer Garrett Kenny plans to bring a Ronaldo Soccer Academy to Haines City. Kenny, CEO of Feltrim Group, told GrowthSpotter on Friday he bought one of five R9 Academy franchises slated for the Florida market. It would be the second franchise in Central Florida. "We're going to...

  • Magic Development unveils Magic Place by Pininfarina design

    Magic Development unveils Magic Place by Pininfarina design

    What do you get when you ask the Italian design firm behind such luxury brands as Ferrari and Masarati to put its name on the Orlando market's first luxury branded community? "A wow factor," Magic Development CEO Rodrigo Cunha said.  On Friday, Cunha released to GrowthSpotter the first image of...

  • New condo hotel planned on W192 in Kissimmee near Four Corners

    New condo hotel planned on W192 in Kissimmee near Four Corners

    A new 280-unit condo hotel project could be coming to Orlando's smoking-hot Four Corners market. Malak Corporation, an Orlando-based general contractor, had CEO Luis Ortiz and engineer Jim Zinner meet Wednesday with Osceola County planners to discuss preliminary plans for Kissimmee Palms, a complex...

  • Developers respond to booming Four Corners demand with wave of new projects

    Developers respond to booming Four Corners demand with wave of new projects

    Anchored by two massive resorts -- Reunion and ChampionsGate -- central Florida's Four Corners area is booming with new construction, housing, and thousands of vacation homes. The convergence of Lake, Orange, Osceola and Polk counties is tucked between two of central Florida's largest economic...

  • Aggressive pre-construction timeline sought over next five months for UNIQ

    Aggressive pre-construction timeline sought over next five months for UNIQ

    Brazilian owners of International Drive's Avanti Resort have targeted August for groundbreaking of their new 21-story UNIQ Hotel, and are exploring financing options and general contractors for the project, the company's spokesman in Orlando said Monday.  It's an optimistic time line, requiring...

  • Permitting process started for $1.7B Magic Place development in Kissimmee

    Permitting process started for $1.7B Magic Place development in Kissimmee

    Magic Development CEO Rodrigo Cunha filed a preliminary subdivision plan last week for the U.S. 192 tourism corridor's first luxury-branded community: Magic Place by Pininfarina. Magic, which is currently building its second Magic Village Resort townhouse development in Kissimmee, spent two years...

  • Brazilian investor behind Ronaldo Soccer Academy pays $3M for Windermere home

    Brazilian investor behind Ronaldo Soccer Academy pays $3M for Windermere home

    A prominent Brazilian private equity investor and his wife paid $3 million earlier this month for a 5,578-square-foot lakefront home in Windermere's Keene's Pointe community. Lincoln Pimentel Martins and his wife, Bianca M. Orsi Martins, made the purchase through an affiliate LLC on Feb. 12. Located...

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