BTI Partners is making moves to build more short-term rentals in Horizon West.
The Fort Lauderdale-based real estate company has tapped Erika Hughes with VHB Inc. to rezone about 14 acres at 14331 Avalon Rd. from A-1 to Planned Development, allowing for the construction of up to 300 short-term rental units.
Conceptual plans show the developer wants to build 244 hotel/resort units and 3,500 square feet of commercial space in the form of a quick-service restaurant and ancillary bar. Development standards call for buildings with a maximum height of 4 stories, or 60 feet.
The project is labeled as Grove Resort Phase 5.
Meanwhile, construction for the fourth phase, known as The Terraces at The Grove Resort, is slated to begin this month, Kevin Mays, chief operating officer at BTI Partners, said.
GrowthSpotter first reported plans by the developer to expand in 2019. Since then, Mays said the company has sold a little more than 100 of the 160 units for the fourth phase.
The Grove Resort & Water Park main campus features 878 multi-bedroom, kitchen-equipped condo-hotel suites. The fourth phase brings its unit count to over 1,000.
Amenities at the resort include a Flip Flop’s Family Fun Center arcade room that features virtual reality games as well as classics like Pinball, Skee-Ball, Pacman, and Galaga. In 2018, the developer opened a seven-acre water park at the resort called Surfari Water Park.
Mays declined to comment on the plans for 300 additional short-term rentals.
The conceptual development is being planned on vacant land north of Arrowhead Boulevard and south of Grove Blossom Way, east of Avalon Road. Of the roughly 14 acres, about 10 acres are considered developable.
The property is currently owned by a split interest between Jane Fairchild, as trustee of the Jane H. Fairchild Trust, and Russel Fairchild.
Nearby, on the southeast corner of Lake Gifford Way and Avalon Road, Alliance Residential is building one of its Prose-branded workforce housing apartment communities. Last summer, the apartment developer paid $5.05 million for $18.06 acres where it plans to build 300 apartments.
A second phase is coming down the pike for an additional 300 apartments units by the same developer just south of the first phase. Alliance Residential has not yet bought the property.
The second phase was once being considered by BTI Partners for short-term rental development, but plans changed.
In Osceola County, the developer is the master planner behind a massive community known as Crossprairie.
In 2019, BTI Partners paid $40 million for more than 1,000 acres east of Lake Tohopekaliga. Since then, the developer has expanded its holdings in the area and lured in commitments from at least three different home builders in the community, formerly known as Edgewater.
In October GrowthSpotter reported that Meritage Homes will develop 50 acres, which it acquired for $8.25 million. Jones Homes will develop 21 acres, which it acquired for $3.7 million. And M/I Homes will develop 37 acres, which it acquired for $4.6 million.
BTI Partners is currently building the site’s infrastructure and is under contract for 1,238 acres that made up the western half of the original Edgewater Development of Regional Impact with plans for an additional 3,835 homes.