Advertisement

Reunion developer to launch new condo community, expand water park

Reunion developer to launch new condo community, expand water park
This is a conceptual rendering of the new three-story condo buildings planned by Reunion master developer Encore. The new Spectrum Villas at Reunion will have 288 short-term rental units surrounding the resort's original water park. (Encor)

The master developer of Reunion Resort expects to break ground this summer on a modern new condominium resort sandwiched between the community golf course and original water park, a lead executive told GrowthSpotter.

Neil Eisner, managing director of Encore Capital Management, confirmed the project plans first reported here in October 2017.

Advertisement

"Right now we're finishing design work on 288 uniquely different, contemporary feeling three-level condos," he said.

Eisner, who heads up Encore's homebuilding division, was in town last week for the grand opening of the Jack Nicklaus-branded "Bear's Den at Reunion" community, which also leans toward a more contemporary architectural style.

This is the latest site plan for Spectrum Villas at Reunion. This is phase 1, which includes 51 condo buildings, each with four units. A second phase with 21 condo buildings will be built south of Tradition Boulevard.
This is the latest site plan for Spectrum Villas at Reunion. This is phase 1, which includes 51 condo buildings, each with four units. A second phase with 21 condo buildings will be built south of Tradition Boulevard. (Encore Capital Management)

"This new, modern elevation concept is fresh and brings a different look to Reunion," Eisner said. "We have always prided ourselves about designing and building new groundbreaking concepts that become trendsetters in local markets."

Dubbed Spectrum Villas at Reunion, Eisner said they'll cradle the community's first water park and include a modest expansion of the water park.  Phase 1 includes 51 condo buildings, each with four units. The ground floor has a pair of two-bedroom units and each upper floor has a three-bedroom unit.

While Bear's Den attracts many permanent and second-home buyers, the condos are designed strictly as another short-term rental option in the resort for guests who don't need a large vacation home. Eisner said Encore expects to seek a "vacation villa" exemption from the county's school impact fees.

The resort is designed to be pedestrian-friendly, with access restricted to golf carts. The parking lot is on the west side of the property, closer to I-4. Eisner said guests will check in at the Spectrum clubhouse, which will provide valet parking for their vehicles.

"The golf cart paths will circulate around the villa homes to allow concierge services, the ability to deliver groceries and baggage," he added.

A similar, auto-free concept has been floated for Breeze de Mar, a proposed 150-acre resort planned on Poinciana Boulevard in Kissimmee.

The Spectrum clubhouse also will have multiple lounge spaces and a 2,000-square-foot fitness center, restaurant and resort pool. A linear park will stretch east-west across the center of the resort, linking to an event lawn, according to the latest site plan.

The pricing will be released in June, Eisner said.

Encore had previously considered building a conference center hotel on the 32-acre parcel north of Tradition Boulevard, but the developer withdrew the hotel plans in 2016.

Encore, which is also developer of Margaritaville Resort, is concurrently in the planning stages for Reunion Village, a town-center retail and dining hub at the C.R. 532 - I-4 interchange. Eisner said the company's retail division is targeting upscale, full-service restaurants such as Ruth's Chris Steak House.

Another Reunion project that appears to be gaining traction is Feltrim Group's luxury condo project, Crescent at Reunion Resort & Club. Feltrim closed on the property and applied for building permits in 2016 for the 88-unit development, but those permits expired. The developer filed new building permits this month for the first condo building.

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.

Advertisement
Advertisement