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New condo hotel planned on W192 in Kissimmee near Four Corners

New condo hotel planned on W192 in Kissimmee near Four Corners
Two years after buying an eight-acre parcel on U.S. 192 in Kissimmee, a developer has filed preliminary plans for multiple eight-story residential towers with a four-story parking garage. (Osceola County)

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 with up to four eight-story residential towers.

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The eight-acre site lies on the south side of U.S. 192 between Westside Boulevard and the Polk County line. The owners, an Argentinian investment group called Secret Lake Investments Group LLC, bought the vacant property in early 2014 for $1.2 million.

Secret Lake Investments Group bought paid $1.2 million back in 2014 for the parcel, which is one lot from the Polk County line.
Secret Lake Investments Group bought paid $1.2 million back in 2014 for the parcel, which is one lot from the Polk County line. (Osceola County)

Burkett Engineering prepared a conceptual plan that calls for the property to be constructed in two phases. The first phase fronting on W192 would include a single tower with 48 residential units and an attached four-story parking deck and swimming pool amenity.

"The construction schedule will depend on permitting, but we'd like be under construction this year," Ortiz told GrowthSpotter.

Phase Two would include two towers, each with 64 units, and a fourth tower at the rear of the property with up to 108 units and integrated parking.

Have a tip about Central Florida development? Contact me at lkinsler@GrowthSpotter.com or (407)420-6261, or tweet me at @LKinslerOGrowth. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.

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