Kissimmee Developments

  • Local builder partners with Chilean firm for trio of townhouse developments

    Local builder partners with Chilean firm for trio of townhouse developments

    Bellavista Building Group has formed a partnership with a Chilean investment firm FFB Properties to launch three new townhome communities in the Orlando market this year. Bellavista CEO Aldo Martin told GrowthSpotter the partnership almost didn't happen. The investors debated whether to take the...

  • Osceola native takes helm at W192 Development Authority

    Osceola native takes helm at W192 Development Authority

    In her new post as Executive Director of the W192 Development Authority, Christina Morris will have a new channel in which to direct her passion for helping people, a quality she discovered nearly 20 years ago when she began her tenure with Osceola County. “It’s a great opportunity,” Morris told...

  • South Florida couple buys W192 hotel in mid-renovation

    South Florida couple buys W192 hotel in mid-renovation

    A South Florida couple who oversaw one of the most successful hotel rebrandings in the West Kissimmee submarket has purchased a second hotel asset on the W192 tourism corridor. Carina Radonich and Ariel Tomat, who own a high-end construction company in Sunny Isles Beach, bought a distressed motel...

  • Developer pays $4.5M for entitled multifamily site next to NeoCity

    Developer pays $4.5M for entitled multifamily site next to NeoCity

    A local developer and its Boston-based financing partner paid $4.485 million this week for the 16-acre site entitled for a luxury apartment complex next to Osceola County's NeoCity tech district. Investors Realty teamed up with Panther Residential Management for the 292-unit Neo Square apartment...

  • 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....

  • Magic Development planning huge new food hall to anchor retail at W192 resort

    Magic Development planning huge new food hall to anchor retail at W192 resort

    Orlando's largest food hall is headed to Kissimmee's W192 tourism corridor. Magic Development CEO Rodrigo Cunha told GrowthSpotter the company will build a 30,000-square-foot food hall to anchor the first phase of the company's multi-billion dollar Magic Place by Pininfarina luxury resort.  "It's...

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  • Miami Beach investor pays $4.1M for business park next to Kissimmee airport

    Miami Beach investor pays $4.1M for business park next to Kissimmee airport

    After putting down stakes in Orlando's small-bay flex industrial market in 2015, Miami Beach's Z Asset Management Corp. paid $4.1 million last week for a 4-acre business park next to Kissimmee Gateway Airport. Built in 2004, the Armstrong Business Center is comprised of four multi-tenant flex warehouse...

  • Affordable housing developer eyes site in Kissimmee for new apartment complex

    Affordable housing developer eyes site in Kissimmee for new apartment complex

    A South Florida multifamily developer that specializes in affordable housing has plans to build 96 apartments next to Kissimmee's Shingle Creek Regional Park. Kemissa Colin, a development analyst for Housing Trust Group, met Tuesday with Kissimmee's Development Review Committee to finalize the...

  • Osceola's W192 board launches study for tourism corridor design guidelines

    Osceola's W192 board launches study for tourism corridor design guidelines

    For years Osceola County's W192 Development Authority has talked about the need for design guidelines to regulate development along the tourism corridor. Now the board is closer to making it a reality. This week, the board had a kick-off meeting with planning consultants from Logan Simpson, who...

  • Kissimmee nonprofit plans shipping container apartments in tourism corridor

    Kissimmee nonprofit plans shipping container apartments in tourism corridor

    A Kissimmee nonprofit agency that serves the homeless and needy along W192 wants to tap into the container housing trend to solve Osceola's affordable housing crisis.  The Community Hope Center met with the county's Development Review Committee Wednesday morning to discuss preliminary conceptual...

  • 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...

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  • 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...

  • Gaylord Palms releases new details about $150M hotel expansion in Kissimmee

    Gaylord Palms releases new details about $150M hotel expansion in Kissimmee

    Construction on the $150 million expansion at Kissmmee's Gaylord Palms Resort & Convention Center will start in this year's third quarter with the first of two parking decks, according to a Nashville-based REIT that owns the hotel. Ryman Hospitality Properties formally announced the expansion project...

  • South Florida timeshare group pays $1.4M for W192 building, plans new office

    South Florida timeshare group pays $1.4M for W192 building, plans new office

    A veteran developer of Kissimmee timeshare resorts paid $1.4 million last week for a retail building on the W192 corridor, with intentions for a new sales office. Marketing executive Elliott Levy told GrowthSpotter he represents a group of investors from South Florida and South America who are...

  • Gaylord Palms & Osceola County reach deal for $150M expansion of Kissimmee hotel

    Gaylord Palms & Osceola County reach deal for $150M expansion of Kissimmee hotel

    Gaylord Palms Resort & Convention Center has reached a deal with Osceola County that clears the way for the county's largest hotel to add another 300 rooms and 90,000 square feet of new meetings and event space. Plans also call for two new parking garages and a $10 million water park expansion...

  • Developer files plan for mixed-use project at main entrance to NeoCity

    Developer files plan for mixed-use project at main entrance to NeoCity

    Kissimmee-based Schoolfield Properties is preparing an 18-acre mixed-use project that will serve as the main gateway entrance to the NeoCity tech district. With a mix of office, retail, residential and hotel uses, Valencia Village has been designated a "project of significance" by the city because...

  • Epoch Residential eyes Kissimmee site near The Loop for mixed housing project

    Epoch Residential eyes Kissimmee site near The Loop for mixed housing project

    Winter Park-based Epoch Residential has filed plans with the city of Kissimmee for a multi-phased development with up to 788 units in The Loop submarket. The luxury multifamily developer has a purchase contract on 74 acres in the Flora Ridge Mixed-Use PUD, east of Dyer Boulevard and about a third...

  • 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...

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  • 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...

  • 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...

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  • 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...

  • 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...

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  • 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....

  • 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...

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  • 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...

  • 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...

  • Developer keys in on sites next to Valencia campuses for apartments, townhomes

    Developer keys in on sites next to Valencia campuses for apartments, townhomes

    Orlando developer and engineer Kal Hussein is teaming up with Park Square Homes' Suresh Gupta for a pair of projects next to Valencia College campuses in Orange and Osceola counties. Hussein's KRDK Investments, LLC has a purchase contract for 17.3 acres on Kissimmee's E192/Vine Street corridor,...

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  • 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...

  • 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...

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  • 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...

  • 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...

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