As development squeezes them from all sides, four of the last remaining homeowners on Lake Whippoorwill are looking to entitle their land for a new mixed-use project that would bring a hotel, offices and more apartments to the Narcoossee corridor north of Lake Nona.
The four contiguous lots, each with a single family home, comprise nearly 18 acres. They are directly across from the Ace Hardware at 11768 N. Narcoossee Rd. and immediately north of the new Novel Nona mixed-use development by Crescent Communities.
The homeowners have authorized Stephen Allen of CivilCorp Engineering to act as their agent as they apply for annexation into City of Orlando with a new future land use of Urban Village. They’re also applying for a Planned Development zoning that would allow for up to 100 multifamily dwelling units and a 103-room hotel.
The proposed PD creates two commercial lots fronting on Narcoossee Road. The larger lot would be entitled for 7,050 square feet of commercial and 7,100 square feet of office. The smaller outparcel, about .7 acres, would have similar entitlements for office and commercial development. The reverse frontage road would that links all of the developments to the south would continue through this project and connect to the recently completed medical office complex immediately to the north.
“There’s not a buyer or developer involved,” Allen said. “These are four homeowners banding together to form an assemblage.”
Allen said Romesh Panchal, who owns the southernmost parcel, first approached him about annexing into the city. He persuaded three of his neighbors to join him. Panchal is an associate broker for Ameriteam Realty. The other three owners are members of the same family and have a background in real estate development.
“The bottom line with this development is [Panchal] wants to operate the hotel and maintain his current residence on the lake,” Allen said. “The others want to sell.”
A public trail along the Lake Whippoorwill would continue from the Novel Nona project and would separate the 2.5-acre hotel parcel from Panchal’s 1.65-acre residential property. He would keep his 5,696-square-foot home and private boat dock on the lake.
In addition to Novel Nona, The Bainbridge Companies is developing two luxury apartment communities on Lake Whippoorwill: Narcoossee Cove, just south of Novel Nona, will have 354 residential units and is scheduled for completion in Spring 2021. A second 300-unit apartment community called Mission Pointe is approved on the former KOA campground at 12345 Narcoossee Rd. Both will provide residents with boating access to the lake.