Kissimmee Developments

  • Tampa pharmacist pays $3.15M for historic downtown Kissimmee ALF

    Tampa pharmacist pays $3.15M for historic downtown Kissimmee ALF

    A historic landmark building in downtown Kissimmee sold last week to a Tampa pharmacist and investor for $3.15 million. Kona Properties LLC purchased the Greenleaf Assisted Living Facility at 509 W. Verona Street, about a block from Courthouse Square. Built in 1919, the two-story building originally...

  • Park Square Homes secures $4M investment for Kissimmee resort community

    Park Square Homes secures $4M investment for Kissimmee resort community

    Park Square Homes has sold the final phase of its BellaVida Resort community for just less than $4 million to a local Chinese American brokerage that will take over sales and target international buyers. Park Square is wrapping up construction on the resort community's second phase and is in permitting...

  • Park Square redesigns, renames Kissimmee apartment complex near NeoCity

    Park Square redesigns, renames Kissimmee apartment complex near NeoCity

    Park Square Homes has redesigned and renamed its proposed apartment complex next to the Valencia College Osceola Campus in Kissimmee.  Senior Project Manager Robert Mick and his development team met Tuesday with the city's Development Review Committee to review the new site plan, which adds density...

  • Second plasma center heading to Kissimmee shopping center next to SunRail

    Second plasma center heading to Kissimmee shopping center next to SunRail

    A Boca Raton-based plasma collection company appears to be headed to Kissimmee's Gateway Station, making it the second such company to locate in the same shopping center next to the new Tupperware SunRail station and walking distance from the new Orlando Health Tupperware campus. CSL Plasma spokeswoman Mary...

  • Tampa investment firm pays $16.8M for Kissimmee Walmart-anchored center

    Tampa investment firm pays $16.8M for Kissimmee Walmart-anchored center

    A Tampa investment firm that specializes in mid-market grocery-anchored retail centers paid $16.8 million this month to enter the greater Orlando market via Kissimmee. East Coast Acquisitions (ECA) purchased the Walmart Neighborhood Market-anchored Vine Street Square in a deed that posted Sept....

More News

  • Insula Companies pays $49M for Kissimmee apartments on Shingle Creek

    Insula Companies pays $49M for Kissimmee apartments on Shingle Creek

    Multifamily owner/operator Insula Companies paid $49 million this week for Arrow Ridge, an affordable rental community in Kissimmee on the east bank of Shingle Creek. Founding Partner Fred Cochran told GrowthSpotter the company plans to invest another $3 million in renovations to the 320-unit complex...

  • Hudson Holdings spending millions on renovations at W192 extended-stay hotel

    Hudson Holdings spending millions on renovations at W192 extended-stay hotel

    Three years after buying the former HomeSuitesHome on Kissimmee's W192 corridor and announcing plans to convert it to a Doubletree, Hudson Holdings has quietly embarked on a multimillion-dollar renovation of the 33-year-old property and will relaunch this month as an Extended Stay Micro Suites....

  • Mosaic unveils new master plan, schedule for Kissimmee downtown redevelopment

    Mosaic unveils new master plan, schedule for Kissimmee downtown redevelopment

    Kissimmee's downtown redevelopment partner told city leaders this week it expects to break ground in January on 300-plus units of Class A multifamily housing across from Lakeview Park. Mosaic Development Principal Roxanne Amoroso told GrowthSpotter the firm will ask City Commissioners to approve...

  • Kissimmee investor pays $1M for medical office building near hospital

    Kissimmee investor pays $1M for medical office building near hospital

    Kissimmee real estate investor Dharmesh Patel came out on top in a recent bidding war for a fully renovated and leased medical building about a block north of Osceola Regional Medical Center. Patel's Harsh Investment LLC paid just over $1 million on June 15 for the 5,256-square-foot building at...

  • Lennar pays $16M for major expansion of vacation homes at Storey Lake Resort

    Lennar pays $16M for major expansion of vacation homes at Storey Lake Resort

    Lennar Homes paid $16 million this week to buy 323 acres of vacant land adjacent to one of its top-selling communities: Storey Lake Resort. "It's a successful community for us, and we had a relationship with the land owner," Orlando South Division President Brock Nicholas told GrowthSpotter on...

  • Osceola Sheriff wants $2M from W192 Development Authority for command center

    Osceola Sheriff wants $2M from W192 Development Authority for command center

    Osceola County Sheriff Russ Gibson wants the W192 Development Authority to help foot the bill for a new $17 million command center to serve the booming tourism corridor. Gibson will meet with the W192 board next week to ask for $2 million, which equates to nearly 40 percent of the development authority's...

  • Miami investor pays $4.75M for Wyndham flag on U.S. 192 in Kissimmee

    Miami investor pays $4.75M for Wyndham flag on U.S. 192 in Kissimmee

    A Miami hotelier paid $4.75 million on Monday to enter the Kissimmee market, buying the 130-room Baymont Inn & Suites on the U.S. 192 corridor. Built in 1990, the three-story hotel lies just east of Shingle Creek Regional Park and is within the W192 Development Authority district boundary. DSH...

  • Baker Barrios to present concepts for Kissimmee downtown arts center

    Baker Barrios to present concepts for Kissimmee downtown arts center

    Kissimmee Commissioners have scheduled a special workshop on June 26 for architects from Baker Barrios to present conceptual plans for converting the downtown civic center into a performing arts venue. Wayne Dunkelberger, the firm's creative director, told GrowthSpotter the proposed Master Plan...

  • New apartments, retail planned on former state-owned land in Kissimmee

    New apartments, retail planned on former state-owned land in Kissimmee

    A Dominican family investment group paid $2.69 million last year for state surplus property on Kissimmee's busy John Young Parkway (JYP) and now wants to rezone it for apartments and retail. Florida Site Selectors has applied to the city for a land use change for high-density multifamily on 15...

  • State pays $1 million for land to extend Shingle Creek Regional Trail

    State pays $1 million for land to extend Shingle Creek Regional Trail

    The State of Florida paid $1.08 million last week for the land to build a key segment of the Shingle Creek Regional Trail (SCRT) in the city of Kissimmee along the shore of Lake Tohopekaliga. The trail segment will be known as the Yates Connector, in recognition of longtime land owners Cecil and...

More News

  • 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...

  • D.R. Horton moving forward with 110-acre commercial section of Kindred

    D.R. Horton moving forward with 110-acre commercial section of Kindred

    Three years after it started building homes in Osceola County's Kindred community, D.R. Horton is moving forward with plans for roughly 110 acres of commercial property in the sprawling mixed-use development south of NeoCity. The developer has filed a Preliminary Subdivision Plan designating a...

  • W192 Board budget includes millions to bury powerlines, build pedestrian bridges

    W192 Board budget includes millions to bury powerlines, build pedestrian bridges

    Osceola's W192 Development Authority plans to spend more than $50 million in the next five years to bury power lines, redo the purple-themed streetscape and build pedestrian bridges on the tourism corridor. Board members unanimously approved their first five year capital improvement plan, as well...

  • Local development group planning new hotel on Kissimmee's W192 corridor

    Local development group planning new hotel on Kissimmee's W192 corridor

    Hotelier Aziz Visram has teamed up with Align Commercial Real Estate for a new hotel project on Kissimmee's W192 tourism corridor. Visram previously renovated and sold the Comfort Inn Maingate at 7675 W. Irlo Bronson Memorial Highway, about a mile from Disney's Animal Kingdom. He kept an undeveloped...

  • Developer adding office building to self-storage facility on Celebration Blvd

    Developer adding office building to self-storage facility on Celebration Blvd

    With construction well underway for a self-storage facility on Celebration Boulevard, GNP Development is moving forward with the second phase of the project.  Managing Partner Mark Gerenger told GrowthSpotter the Tampa-based boutique real estate firm will seek permits for a 39,000-square-foot commercial...

More News

  • Orlando developer ready to reboot stalled townhouse community in Kissimmee

    Orlando developer ready to reboot stalled townhouse community in Kissimmee

    Orlando developer Hank Sabeti is moving forward with the second phase of his Fiesta Key Resort after it sat idle for more than a decade. The project on Kissimmee's Poinciana Boulevard was originally approved for 371 vacation resort townhomes and an amenity center, but the project stalled after...

  • Former condemned W192 hotel now a showpiece after $8M renovation

    Former condemned W192 hotel now a showpiece after $8M renovation

    It's been two weeks since the Hawthorn Suites Kissimmee Gateway opened, and General Manager Pauli Perera stepped out of the newly constructed lobby Friday to announce that the extended-stay hotel is fully booked. To grasp the significance of that statement, you'd have to know that a year and half...

  • Orlando CRE investors see value-add potential in W192 strip center

    Orlando CRE investors see value-add potential in W192 strip center

    Orlando-based Kelton Capital Partners paid $1.55 million earlier this month for a fully-leased Sam's Club shadow anchor strip center on Kissimmee's W192 corridor. Co-founder Kevin Smith told GrowthSpotter the partners were attracted to the W192 corridor because they see strong capital investment...

  • Self-storage sought for former grocery store site in Kissimmee

    Self-storage sought for former grocery store site in Kissimmee

    California-based William Warren Group (WWG) is eyeing a former grocery store site in Kissimmee's Buenaventura Lakes neighborhood for its next self-storage facility.  The company is seeking a conditional use permit and site plan approval to allow self-storage in a Mixed-Use PUD on a vacant 3.8-acre...

  • Investment group pays $5.2M for mixed-use site close to NeoCity

    Investment group pays $5.2M for mixed-use site close to NeoCity

    An investment group led by Orlando broker David Salanitro has closed on a 66-acre parcel near NeoCity after having it under contract for two years. Orteka Partners LLC paid $5.2 million for the "Ivy Lakes" site on Fortune Road, just east of the Florida's Turnpike. The seller was Ivey Groves, a...

  • Kissimmee cancels selection of affordable housing developer, plans to rebid

    Kissimmee cancels selection of affordable housing developer, plans to rebid

    The city of Kissimmee has canceled a February solicitation for developers to build affordable housing on 19 acres just west of downtown, and plans to rebid the project at a later date. In their rush to select a developer, city officials overlooked the fact that the project was ineligible for Low...

  • Osceola Science Charter School planning major expansion with new K-12 campus

    Osceola Science Charter School planning major expansion with new K-12 campus

    Osceola County's only STEM-focused charter school is planning a major expansion to include building its own K-12 campus on John Young Parkway in Kissimmee. Osceola Science Charter School now serves grades K-4 and leases classroom space from Avant Garde Academy on 2880 N. Orange Blossom Trail. The...

  • New Kissimmee apartments next to Valencia College clear major hurdle

    New Kissimmee apartments next to Valencia College clear major hurdle

    Orlando developer Kal Hussein and his partners from Park Square Homes cleared a major hurdle last week for their mixed-use OxBow Crossing project next to Valencia College in Osceola County.  Kissimmee's Planning & Zoning Board approved a Planned Unit Development Amendment that reduces the required...

  • Sports-focused charter school to open second campus in Osceola Heritage Park

    Sports-focused charter school to open second campus in Osceola Heritage Park

    A Little Havana charter school that prepares student athletes for sports-related careers will open its second campus in Kissimmee at Osceola Heritage Park. The nonprofit SLAM Foundation (Sports Leadership and Management) opened its first campus in 2003 a block from the Miami Marlins stadium, and...

  • Kissimmee to pick affordable housing provider for free land in March

    Kissimmee to pick affordable housing provider for free land in March

    Two local developers adept at dealing with Low Income Housing Tax Credits (LIHTCs) have jumped at the offer to accept free land from the city of Kissimmee and Toho Water Authority, in exchange for building up to 400 affordable rental units less than a mile from downtown's Lakeview Park. Birdsong...

More News

  • Developer applies for Mixed-Use at FL Turnpike interchange in Kissimmee

    Developer applies for Mixed-Use at FL Turnpike interchange in Kissimmee

    The heirs of the late Wendell "Jock" Spears are looking to revive a decades-old land development at Kissimmee's Osceola Parkway - Florida Turnpike interchange. Spears, who died in 2007, was the original developer of Gateway Commons, the Walmart-anchored retail center between the turnpike and the...

  • W192 Roomba Inn rezoning clears DRC despite objection from neighbor

    W192 Roomba Inn rezoning clears DRC despite objection from neighbor

    A dispute over a 46-year-old sign easement recently threatened to scuttle a $40 million redevelopment plan by the owner of the Roomba Inn & Suites on Kissimmee's W192 near Old Town. Ontario-based CTN Developments had received demolition permits for the 400-room hotel from Osceola County in January....

  • National firm planning its fourth luxury apartment complex near Tupperware HQ

    National firm planning its fourth luxury apartment complex near Tupperware HQ

    With the opening of its third luxury apartment complex in Kissimmee just weeks away, Fore Property Company is already planning for another project in the Loop/Tupperware submarket. The California-based developer has a purchase contract on 7 acres at the intersection of Ball Park Road and Batts...

  • Broker looking for development partners on Kissimmee mixed-use project

    Broker looking for development partners on Kissimmee mixed-use project

    A group of Winter Park real estate investors are looking for development partners for a 39-acre parcel next to Kissimmee's Shingle Creek Regional Park. Colony Realty Group President Tom Lightsey told GrowthSpotter he and partners received Mixed-Use PUD zoning from the city in December for Shingle...

  • City of Kissimmee offering free land for new affordable housing

    City of Kissimmee offering free land for new affordable housing

    The City of Kissimmee is hoping that the offer of free land less than a mile from downtown's Lakeview Park will induce a developer to build up to 400 units of affordable rental housing.  The city has issued a Request for Letter of Interest (RFLOI) for affordable housing developers to build multi-phased,...

  • Kissimmee hotelier buys third motel on W192's Lake Cecile district

    Kissimmee hotelier buys third motel on W192's Lake Cecile district

    Kissimmee hotelier Susana Wong has made her largest investment yet on the W192 corridor, paying $5.25 million for the Howard Johnson Express Inn & Suites on Lake Cecile. Kris Lagasse, director of operations, told GrowthSpotter on Friday that Wong plans to keep the Howard Johnson flag, and will...

  • Atlanta's Cortland Partners adds Kissimmee complex to growing MF portfolio

    Atlanta's Cortland Partners adds Kissimmee complex to growing MF portfolio

    Atlanta-based Cortland Partners added another Orlando-area apartment community to its growing Florida portfolio this week with the acquisition of Lugano Apartments in Kissimmee. Cortland affiliate Savosa FL Partners LLC paid $59.15 million for the class A apartments in the desirable Loop submarket,...

  • Margaritaville developer signs movie theater & arcade to shopping center

    Margaritaville developer signs movie theater & arcade to shopping center

    Studio Movie Grill (SMG) and GameTime headline the list of tenants confirmed for the newly renamed SunsetWalk at Margaritaville Resort Orlando. The Texas-based movie theater chain is making its Orlando market entry three years after opening its first two Florida locations in the Tampa Bay area....

  • Osceola's W192 board to phase out purple theme for tourism corridor makeover

    Osceola's W192 board to phase out purple theme for tourism corridor makeover

    Osceola County's W192 Development Authority endorsed a plan on Thursday to phase out the signature purple and teal theme along its tourism corridor in favor of a more stripped-down, neutral color palette.   "I’ve heard for years the purple has got to go," Authority Chairman Hector Lizasuain said....

  • Canadian developer to raze Roomba Inn on W192 for new Hilton flag, retail plaza

    Canadian developer to raze Roomba Inn on W192 for new Hilton flag, retail plaza

    Ontario-based CTN Developments will raze a 400-room hotel next to Kissimmee's Old Town this spring to make way for a new Hilton flag hotel and 60,000 square feet of retail.  "We're looking at starting construction in early April," CTN Vice President Abdul Alshoghri told GrowthSpotter on Wednesday....

More News

  • Kissimmee motel sale to finance new self-storage facility on W192 corridor

    Kissimmee motel sale to finance new self-storage facility on W192 corridor

    Kissimmee businessman Chirag Patel has sold the 50-room Central Motel on the W192 tourism corridor, and is moving forward with plans for a 31,000-square-foot self storage facility immediately behind the motel. Patel's Ronadiad Inc. also provided $1 million in financing toward the $1.5 million purchase...

  • Kissimmee restaurant owner to build new multi-tenant space on Publix outparcel

    Kissimmee restaurant owner to build new multi-tenant space on Publix outparcel

    The owners of a popular Latin restaurant in Kissimmee paid $1 million last week for a 1-acre outparcel at the Publix-anchored Pleasant Hill Commons, and plan to build a new restaurant with attached in-line retail. Margarita and Leonardo Lopez currently operate the Maracas Restaurant across the...

  • L.A. investment firm buys Kissimmee apartment complex for $25.75M

    L.A. investment firm buys Kissimmee apartment complex for $25.75M

    Los Angeles-based CGI Strategies paid $25.75 million right before Christmas to buy its second apartment community in Kissimmee's W192 tourism corridor. CGI acquired the Cane Island Apartments, which comprises 166 units of the 260-unit community. CGI spokesman Bruce Beck told GrowthSpotter the complex...

  • South FL investor buys retail center at key Kissimmee intersection

    South FL investor buys retail center at key Kissimmee intersection

    South Florida investor Claudio Maggi paid $5.5 million last week for a pair of inline retail strip centers at the northwest corner of Kissimmee's John Young Parkway and Pleasant Hill Road. Shoppes at Pleasant Hill was built in 2003 and 2004 and contains 34,200 square feet divided among 21 tenant...

  • NJ hotelier buys Crosslands outparcel for new hotel, restaurant in Kissimmee

    NJ hotelier buys Crosslands outparcel for new hotel, restaurant in Kissimmee

    After marketing the hotel site at Kissimmee's Crosslands shopping center for more than two years, Tupperware found a buyer right before Christmas. New Jersey-based Pinnacle Hospitality Group paid $2.65 million last week for the 3.5-acre outparcel at the shopping center's Orange Blossom Trail entrance,...

  • Kissimmee motel behind giant orange on W192 sells for $5.25M

    Kissimmee motel behind giant orange on W192 sells for $5.25M

    Longtime Kissimmee hotelier Johnson Young sold the 158-room Travelodge Suites behind the giant, orange-shaped gift shop on W192 this week for $5.25 million. Young built the hotel in 1991 and has operated it through his family-run hospitality business ever since. The family also owns and manages...

  • Bankruptcy court approves Disney-area hotel sale for $8.55M to Sarasota group

    Bankruptcy court approves Disney-area hotel sale for $8.55M to Sarasota group

    Sarasota-based Finergy Group will officially acquire the long-closed Magnuson Grand hotel on Kissimmee's W192 tourism corridor before the end of the year. U.S. Bankruptcy Court Judge Karen Jennemann signed an order Dec. 7 approving the buyer and an $8.55 million sale price. That started a 14-day...

  • Newgard buys new apts near Margaritaville to relaunch as Airbnb product

    Newgard buys new apts near Margaritaville to relaunch as Airbnb product

    A mystery surrounding the location of the first Niido powered by Airbnb apartments in Kissimmee has been solved, and reveals a deliberate misdirection campaign by the developer over the past three months. Miami-based Newgard Development, which announced in mid-October it was teaming up with the...

  • Osceola Commissioners approve $1.25M land buy across from NeoCity gateway

    Osceola Commissioners approve $1.25M land buy across from NeoCity gateway

    Osceola County Commissioners voted Monday to spend $1.25 million for a small retail parcel at the entrance to Valencia College's Osceola campus, right across from a main gateway to NeoCity. The 1.5-acre, triangle-shaped lot is at the northwest corner of the signalized intersection of Denn John...

  • 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...

More News

  • Fast-growing gourmet mini-burger chain to open multiple Orlando-area locations

    Fast-growing gourmet mini-burger chain to open multiple Orlando-area locations

    An Israeli fast-casual concept that focuses on gourmet, customizable mini-burgers is getting ready to make a big entry into the Florida market. "We have over 70 stores coming to Florida in the next year," Burgerim Florida CEO Marc Bass told GrowthSpotter on Friday. Burgerim will open multiple stores...

  • Kissimmee Commissioners weigh options for downtown performing arts center

    Kissimmee Commissioners weigh options for downtown performing arts center

    Repurposing the Kissimmee Civic Center into a performance center that could compete with venues in the Orlando region could cost anywhere from $20 million to $50 million, a consultant told city commissioners on Tuesday. City Commissioners hired Convention, Sports & Leisure International (CSL) in...

  • CalAtlantic pays $4.6M for Phase 2 of Sedona subdivision in Kissimmee

    CalAtlantic pays $4.6M for Phase 2 of Sedona subdivision in Kissimmee

    CalAtlantic Group paid $4.6 million last week to buy Phase 2 of Sedona, a 220-acre subdivision between Kissimmee and Poinciana. Developer Max Sabeti told GrowthSpotter the community on Ham Brown Road is approved for 378 lots. He has a deal with Maronda Homes for Phase 1, which includes 191 homesites...

  • Kissimmee motel fetches $2.15M sale price after landing national brand

    Kissimmee motel fetches $2.15M sale price after landing national brand

    An Orlando-based hotel investor paid $2.15 million last month for the Days Inn Kissimmee West at 4125 W. Vine St. The 50-room motel was built in 1984 and formerly operated as the "Inn at Oak Plantation," until M&W International Investments bought it in 2014 for $1.25 million and renovated the property,...

  • Retail developer to break ground soon on LOOP-area outparcels in Kissimmee

    Retail developer to break ground soon on LOOP-area outparcels in Kissimmee

    Orlando-based retail developer NGI Investments could break ground in late November on a 5.7-acre development in Kissimmee's LOOP submarket. NGI President Haresh Karamchandani (better known as Harry Kay)  told GrowthSpotter he has a ground lease with AutoZone, which plans to file building permits...

More News

  • Margaritaville applies for 'iconic' 50-foot tall entertainment signs on W192

    Margaritaville applies for 'iconic' 50-foot tall entertainment signs on W192

    Encore Capital Management is seeking approval for a pair of 50-foot-tall entertainment signs at two key entrances to Margaritaville Resort and the adjacent shopping center. "Iconic" and "eye-catching" was how Margaritaville Development Manager Jim Bagley described them on Thursday. He said Encore...

  • Lennar to add new section to Storey Lake on Westgate parcel

    Lennar to add new section to Storey Lake on Westgate parcel

    Lennar won approval Wednesday from Osceola County for a 95-acre expansion of its booming Storey Lake Resort in Kissimmee. Storey Lake, located at the intersection of Osceola Parkway and Vineland Road (S.R. 535), is approved for approximately 2,000 homes. The community offers condos, townhomes,...

  • Magic Development buys another 364 acres on W192 to expand luxury resort plans

    Magic Development buys another 364 acres on W192 to expand luxury resort plans

    Magic Development has just closed a deal that elevates the Orlando-based firm to the forefront of companies that are reshaping Kissimmee's W192 tourism corridor. Company executives have been hinting for months that they were working on something big. On Friday, they made good on that promise, paying...

  • Investors Realty plans $50M Class A apartment complex on NeoCity lakefront

    Investors Realty plans $50M Class A apartment complex on NeoCity lakefront

    The same development team that recently completed The Gate apartments at ChampionsGate could be the first to capitalize on Osceola County's massive NeoCity mixed-use district. Investors Realty Chairman John Marling is seeking Tourist Commercial zoning for a 16-acre parcel on Vine Street/E-192 that...

  • Veigle Properties pursues rezoning of land near Poinciana SunRail station

    Veigle Properties pursues rezoning of land near Poinciana SunRail station

    Winter Park real estate investors Jim and Charles Veigle are seeking to rezone a 120-acre parcel across from Poinciana High School for up to 720 residential units. The brothers have owned the land since 1994 and previously used it as a borrow pit, which left the site with 50 acres of lakes, Jim...

More News

  • Lennar's Storey Lake Resort targeted for dining & retail project

    Lennar's Storey Lake Resort targeted for dining & retail project

    Trycon Associates has an LOI on the 9-acre commercial tract at the entrance to Lennar Homes' fast-growing Storey Lake resort community, and wants to add a pair of restaurants and 22,800 square feet of commercial space. But first, the Deland-based developer needs to clear up a few issues with signage...

  • Land next to proposed motorsports park on W192 to be sold at auction

    Land next to proposed motorsports park on W192 to be sold at auction

    A vacant 40-acre parcel that's adjacent to the proposed $100 million Orlando Motorsports Park (OMP) will be sold at auction on Sept. 7. The Four Corners site is southwest of the W192 - S.R. 429 interchange, and only minutes from Disney's Animal Kingdom and Margaritaville Resort.  So why hasn't...

  • W192 board considering tax abatements to lure 4-star hotels to tourism corridor

    W192 board considering tax abatements to lure 4-star hotels to tourism corridor

    Osceola County's W192 Development Authority is considering a tax abatement program as an incentive to lure high-end hotels to Kissimmee's tourism corridor. Executive Director David Buchheit floated the idea at the authority's board meeting Thursday, and told GrowthSpotter he got the idea earlier...

  • Owner wants to reboot condo project next to Bahama Bay with townhomes

    Owner wants to reboot condo project next to Bahama Bay with townhomes

    The owner of a partially built condo community next to Davenport's Bahama Bay Resort wants to reboot the community by switching from condos to townhomes. ICM Development Group founder Carlos Balzola acquired the 24-acre parcel in the Westside Planned Development (PD) in 2012, and brought in additional...

  • Two Kissimmee apartment complexes sell for combined $90M

    Two Kissimmee apartment complexes sell for combined $90M

    A pair of Kissimmee apartment communities both located just off John Young Parkway changed hands last week to different buyer groups for nearly $90 million. Virginia-based Chandler Management Corp. paid $49.5 million on Aug. 8 for the Lake Tivoli Apartments. The 384-unit complex was developed in...

  • Construction to start this month on $1.7B Magic Place on Kissimmee's W192 corridor

    Construction to start this month on $1.7B Magic Place on Kissimmee's W192 corridor

    Magic Development received its construction permit Tuesday for the first phase of its $1.7 billion Magic Place by Pininfarina resort, and will start clearing the site within three weeks, executives told GrowthSpotter. Magic CEO Rodrigo Cunha said the mass grading and roadway construction should...

  • Owner of Kissimmee shopping center near SunRail plans 43k SF expansion

    Owner of Kissimmee shopping center near SunRail plans 43k SF expansion

    The owner of a distressed shopping center next to the new Tupperware SunRail station in Kissimmee has filed plans for a two-phased retail expansion that would add 43,000 square feet of leasable space. Louisiana-based PMAT purchased the Gateway Station shopping center just off the Osceola Parkway...

  • Tampa developer planning new office park in Kissimmee's Loop submarket

    Tampa developer planning new office park in Kissimmee's Loop submarket

    Tampa-based Waterford Construction & Development has begun permitting for one of its signature office parks on an 8.7-acre parcel in Kissimmee's Loop submarket. "We’ve done about 50 of these in Hillsborough, Pasco, Orange, Osceola and Seminole counties," Waterford President John Westfall said....

  • IBI Group seeking new permits for 3,000-home BK Ranch project

    IBI Group seeking new permits for 3,000-home BK Ranch project

    Entitlement specialist IBI Group is rebooting the 948-acre BK Ranch mixed-use project south of Kissimmee with a new round of permit applications. The firm had been seeking a Comprehensive Plan Amendment in 2015 for a Mixed-Use district. At the time the property had a developer on board, GreenPointe...

  • Hunter's Creek church adding Kissimmee campus, pays $3.2M for land

    Hunter's Creek church adding Kissimmee campus, pays $3.2M for land

    A growing church in Hunter's Creek paid $3.2 million this week to buy 11.6 acres for its second campus in Kissimmee.  Wade Mumm, lead pastor of Greeneway Church, told GrowthSpotter the church acted fast to secure the prime site at the corner of John Young Parkway and Centerview Drive even before...

More News

  • City of Kissimmee pays $9.2M for park land & downtown office site

    City of Kissimmee pays $9.2M for park land & downtown office site

    Kissimmee City Commissioners this week approved two major property acquisitions totaling more than $9 million, including nearly 20 acres downtown in the city's Medical Arts District. Craig Holland, the city's development services director, said Kissimmee has been pursuing Osceola County's Beaumont...

  • Kissimmee's Int'l Promenade strip center sold to California investor for $5.6M

    Kissimmee's Int'l Promenade strip center sold to California investor for $5.6M

    A Southern California businessman paid $5.6 million last week for the International Promenade shopping center in Kissimmee's tourism corridor. Habib Jaboro told GrowthSpotter on Tuesday this is his family's first investment in Florida. Jaboro, who has been in the grocery and liquor store business,...

  • Atlanta firm prepping industrial park near Kissimmee Gateway Airport

    Atlanta firm prepping industrial park near Kissimmee Gateway Airport

    Atlanta-based Stein Investment Group is seeking a mass grading permit for a new industrial park near the Kissimmee Gateway Airport. The plan calls for a pair of 9-acre industrial lots straddling both sides of the future Hoagland Boulevard extension. Hoagland runs along the western boundary of the...

  • Turkish developer planning 150-acre resort in Kissimmee with horizontal hotel

    Turkish developer planning 150-acre resort in Kissimmee with horizontal hotel

    International real estate investment firm GAOK Invest wants to convert a Kissimmee petting farm near the new Poinciana SunRail station into a luxury resort. The company has hired planning firm Rj Whidden & Associates and applied with Osceola County to rezone 150 acres on Poinciana Boulevard to...

  • Racing instructor has contract on land next to Margaritaville for motorsports park

    Racing instructor has contract on land next to Margaritaville for motorsports park

    A South Florida racing enthusiast has a purchase contract on one of the largest undeveloped parcels on Kissimmee's W192 tourism corridor, and plans to build a $100 million tourist attraction. Orlando Motorsports Park founder Andy Bardar first shared his vision with GrowthSpotter last September for...

  • NeoCity master plan reserves key waterfront sites for landmark tenants

    NeoCity master plan reserves key waterfront sites for landmark tenants

    Perkins+Will principal Stephen Coulston believes the master plan and phasing schedule for Osceola County's NeoCity was designed to build value over time, so it's important for the county to reserve key parcels for landmark buildings and tenants. Coulston presented the master plan to County Commissioners...

  • Park Square Homes changing course on Veranda Palms resort development

    Park Square Homes changing course on Veranda Palms resort development

    Following through with a strategic phaseout of its vacation home business, Park Square Homes is looking to split off the undeveloped phases in its Veranda Palms resort in Osceola County, and launch them as a primary residential neighborhood. Park Square won approval in 2013 for the Short Term Rental...

  • Morningstar plans 100,000 SF self-storage facility near Tupperware campus

    Morningstar plans 100,000 SF self-storage facility near Tupperware campus

    Morningstar Properties paid $1.5 million this week for a new self-storage site in Osceola County's The Loop submarket. Morningstar is a vertically integrated developer and manager of self-storage facilities, operating under its own brand: Morningstar Storage. Currently the company manages a network...

  • Orlando-area medical offices sold as part of $2.75B Duke Realty - HTA deal

    Orlando-area medical offices sold as part of $2.75B Duke Realty - HTA deal

    A trio of medical office buildings across Orange and Osceola counties sold in recent days for a combined $94 million as part of Healthcare Trust of America's acquisition of the entire Duke Realty MOB portfolio. The Arizona-based, publicly-traded REIT announced the $2.75 billion deal in early May....

  • Minn.-based developer planning more retail & restaurants in Calypso Cay

    Minn.-based developer planning more retail & restaurants in Calypso Cay

    Minnesota-based Ryan Companies is under contract to buy a 7.4-acre vacant lot in the Calypso Cay resort area and plans a mix of retail and restaurants there. Two executives with Ryan's Southeast regional office in Tampa met Wednesday with Osceola County's planning staff to discuss potential site...

66°