Osceola County 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...

• Celebration golf course estate sells for $3.55 million after full renovation

  A Greenwich-based firm that specializes in estate home flips sold a mansion across from the Celebration Golf Club for $3.55 million after just 19 days on the market. “That’s the highest price sold in Celebration in the last five years,” said seller’s agent Jeffrey Eddowes, with Century 21 Blue...

• New charter school in St. Cloud promises a private-school education without the high price tag

  The former owners of a private pre-school in Winter Springs are bringing that school’s highly touted educational philosophy to a new charter elementary school in St. Cloud. Construction of the Creative Inspiration Journey School of St. Cloud will begin this week with a formal opening set for August,...

• Bluerock pays $65M for apartments in ChampionsGate Village

  New York-based Bluerock Real Estate paid $65 million this week to buy The Gate apartments in downtown ChampionsGate village. The Class-A, 308-unit complex was built in 2017 by Investors Realty. Chris Fiscelli, Bluerock's director of investment research, told GrowthSpotter the 5-story, urban-style...

• Osceola County selling land at Vineland interchange, softball complex

  Osceola County is seeking bids for a 5.9-acre site on Vineland Road at the Osceola Parkway interchange. County Commissioners voted in 2017 to declare the land surplus, but the county has not actively marketed it for sale. The minimum bid is $2,823,555, according to the solicitation documents available...

• Disney buys another 1,500+ acres in Osceola County for $11 million

  It may have taken 50 years, but Disney finally convinced one of Osceola County's pioneer ranching families to sell their land holdings. Decendents of legendary cattle rancher Oren Brown -- notorious for refusing to sell his land to Disney for the original theme park -- agreed to sell most of their...

• New York real estate firm getting in the Reunion vacation rental business

  New York-based GMF Capital has invested nearly $11 million over the last few months to enter the luxury vacation rental market in Reunion Resort near Disney. The firm bought five vacation homes in December -- including three in a single week -- and three vacant lots in the fall. The most expensive...

• Mediterranean estate on Celebration's Eastlawn Drive sells for $1.7M

  A nearly 6,000-square-foot custom-built Mediterranean estate home on the most coveted stretch of Eastlawn Drive in Celebration sold last week for $1.7 million. "It's a great sale for the estate market in Celebration. It's the highest price-per-square-foot for all of 2018," said Keith Renner, broker...

• Mattamy plans lay groundwork for Celebration Island Village

  Mattamy Homes has been tight-lipped about designs for Celebration Island Village, but plans filed with Osceola County provide new details about the community and the types of homes that will be built there. The Canada-based homebuilder will introduce new architectural styles, giving buyers more...

• Lennar expanding Storey Lake Resort with 570 more vacation homes

  Lennar Homes is prepping for a major expansion of its booming Storey Lake Resort community in Osceola County with a new section called "Shingle Creek." Lennar paid $16 million in June to buy 323 acres of vacant land between Storey Lake and Shingle Creek. The builder has rezoned it to Tourist Commercial...

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• The year in review: GrowthSpotter’s top stories of 2018

  From lawsuits to long drives to Lay’s potato chips, GrowthSpotter readers gravitated toward all kinds of stories in 2018. Big in the mix, not surprisingly, was new construction – factories, shopping centers and entertainment venues among the most clicked. Did you miss any of our “biggest hits”...

• 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...

• Institutional buyer scoops up 100-plus rental homes in greater Orlando

  A New York investment firm that has been sweeping up single-family rental homes nationwide has made another big push into central Florida. Cerberus Capital Management spent $20.5 million for 113 homes, according to deeds dated Nov. 27. The portfolio includes 39 homes in Osceola County that sold...

• 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...

• Disney pays $23M for nearly 1,000 acres of ranch land next to Celebration

  Disney paid $23 million Thursday for a 965 acres of Osceola County ranchlands southeast of Celebration. The BK Ranch, located on Old Tampa Highway about a mile west of the Poinciana SunRail station, was envisioned for years a master-planned community to rival Celebration. It's entitled for 3,000...

• Encore releases new details and images of SPECTRUM+ at Reunion Resort

  Encore Capital Management has released details and pricing information for SPECTRUM+, its new 296-unit resort condo community at Reunion Resort.  Encore, the master developer of Reunion, has increased the unit count from the original 288, first reported by GrowthSpotter in late 2017. The Boca Raton-developer...

• Pulte pays $3.3M for Westside land to expand vacation home resort

  Pulte Homes paid $3.3 million this week for 47 acres in the heart of Osceola's Westside corridor to expand its popular Windsor at Westside resort community. The homebuilder filed a Preliminary Subdivision Plan (PSP) and Site Development Plan (SDP) with Osceola County in May for the parcel at the...

• 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...

• Osceola signs off on new concept plan for Tavistock's Sunbridge project

  When Tavistock Development Company agreed back in April to relocate the utility plants for its massive Sunbridge community in Osceola County, that set the planning and construction schedule back at least a year. It was one of the key reasons the developer of the 19,000-acre master-planned community...

• Avex Homes files plans for new 298-home subdivision in Narcoossee area

  Avex Homes' new 298-lot Narcoossee-area subdivision, which goes to the Board of County Commissioners next week for approval, is the first implement the new subdivision standards in Osceola County's updated Land Development Code. "This is our first development in Osceola County," President Eric...

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• Osceola buys land in tourism corridor for sheriff's command center, fire station

  Osceola County Commissioners on Monday agreed to pay $5.5 million for a former Publix grocery store on the tourism corridor to convert to a Westside Command Center for the sheriff. The grocery store at 2925 International Drive, just north of W192, had been vacant since since Publix opened its Celebration...

• Starlight U.S. Multifamily pays $75.3M for Kissimmee apartment complex

  Toronto-based real estate investment firm Starlight U.S. Multifamily paid $75.3 million just before Thanksgiving for its fifth asset in the Greater Orlando market, buying the 356-unit Altis Shingle Creek apartments in Kissimmee. This is the firm's third acquisition of an "Altis" branded property....

• Orlando physician plans new mixed-use with hotel at NeoCity

  An Orlando gastroenterologist and real estate investor has filed plans with Osceola County for a mixed-use development on the E192 tech corridor in front of NeoCity. M. Asif Mohiuddin, who has a practice in St. Cloud, paid $1.2 million in 2016 the 3-acre lot with plans for a development to compliment...

• Osceola seeks development team, project manager for new tax collector office

  Osceola County is seeking a development team for a new $4 million tax collector's office that will be the first phase of a planned government annex in south Kissimmee, a mile from the Poinciana SunRail Station. The county's procurement office this week issued two Requests for Proposals: one for...

• D.R. Horton prepping for Phase 3 of Kindred in Osceola

  D.R. Horton is prepping for the next phase of Kindred, its massive master-planned community near Osceola County's NeoCity tech district. The homebuilder has filed a Preliminary Subdivision plan for Phase 3, which comprises 356.6 acres, and is seeking approvals for 702 single family home lots and...

• 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...

• Counties vow to coordinate planning across lines at Four Corners Summit

  County officials pledged to work together in the next year to develop an overlay district to regulate land use and development throughout the Four Corners area Wednesday during the 2018 Four Corners Area Council One Vision Summit. The Kissimmee Area Chamber of Commerce engaged Thomas Kohler, a...

• English couple sell $1.1 M house in Reunion to Michigan doctor and wife

  The parents of a famous English television personality recently sold their vacation home in the Reunion Resort for $1.1 million, according to a deed recorded in Osceola County on Monday. Located on a 0.3-acre lot on Wynstone Way, the custom home features seven bedrooms and six bathrooms across...

• Park view helps land off-market sale of Celebration estate home

  An estate home in Aquila Reserve that feels like it sits on many acres just sold in Celebration for $1.32 million. “This is a very unique sale. There are some special lots in Celebration. In front of the park [on Aquila Loop] there are two estate homes and they look out over this nice preserve...

• Encore adding townhomes to Nicklaus-themed Bear's Den in Reunion

  The Jack Nicklaus-branded neighborhood on the famed golfer's namesake course in Reunion Resort, where home prices start at $1.2 million, is about to get townhomes. Encore Homes has filed a Preliminary Subdivision plan (PS) with Osceola County for Phase 3 of its gated Bear's Den at Reunion seeking...

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• Luxury builders planning marina subdivision on East Lake Toho fish camp

  Nearly 100 acres of lakefront property with a private marina on Boggy Creek Road was just way too tempting to sit on the market forever.  Representatives from Ashton Woods and Toll Brothers met Wednesday with Osceola County's planning staff to discuss plans for converting the Boggy Creek Resort...

• 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...

• Encore files plans for potential hospital site, vacation homes at Reunion Village

  Encore Capital Management is seeking entitlements for a 240-bed hospital and 96,000 square feet of office space as part of its mixed-use Reunion Village development at the I-4/ChampionsGate interchange. "Orlando Health is continuing to plan for the expansion of healthcare services in Osceola County,...

• Pilot withdraws request for fly-in community after Osceola staff rejects plan

  An airline pilot's dream of building Osceola County's first luxury fly-in community appears to have stalled on the runway after failing to secure approvals from the county's planning and engineering staff. Brian Hickok, a captain for JetBlue, purchased 50 acres in Harmony right across from the...

• 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...

• Local developer targeting Osceola for new apartment communities

  Orlando-based Elevation Development is eyeing a pair of sites in the Kissimmee submarket for new apartment communities, but they may have to tweak their plans before submitting any formal applications, county planners said. Elevation Principal Shaman Foradi met last week with Osceola's Development...

• Lennar pays $18.5 million for Osceola's Woodland Park project near Kissimmee

  Lennar Homes will start construction before the end of the year on the first phase of Woodland Park, a roughly 400-acre subdivision in Osceola County that's approved for 1,018 homesites. The nation's largest homebuilder paid $18.5 million this week for the project that was designed in 2015 by Tramell...

• W192 redevelopment official leaving for post in West Coast suburb

  David Buchheit, executive director of Osceola's W192 Development Authority, announced he is resigning to accept a position as downtown manager for the city of Renton, a suburb of Seattle. Buchheit joined the authority in April 2015 following a two-year stint overseeing Winter Park's CRA. Before...

• New owners to spend at least $30M on massive renovation of Disney-area hotel

  The Sarasota-based hotel company that bought the former Magnuson Grand on Kissimmee's W192 tourism corridor is planning to spend anywhere from $30 million to $50 million on a full renovation and expansion, a company executive told GrowthSpotter. Marc Gagliardi, vice president of Kapstones Holding,...

• Dubai-funded agribusiness buys another 1,363 acres in Osceola County

  Global agribusiness firm Optimum Agriculture has expanded its Osceola County holdings, paying $7.9 million on Friday for 1,363 acres of orange groves adjacent to the El Maximo Ranch. It was the second major Central Florida acquisition this year for the company, which partnered with the Investment...

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• Litigation, construction needs push Southstar to list condemned apartments

  When Southstar Capital Group spent $67 million on a 306-unit multifamily development and renamed it Sola at Celebration in 2016, they did so, says President and Chief Financial Officer Gina Williams, “at a top price, because we were confident in the Celebration market.” That assessment of the sector...

• Tupperware expects flurry of sales around Kissimmee campus in coming months

  Tupperware's Deerfield Land Development has sold its fourth multifamily site to Fore Property Company and expects a flurry of other land closings before the end of the year, a lead executive said. Fore paid $2.6 million for the 7-acre site at the intersection of Ball Park Road and Batts Street,...

• RIDA announces new tenant line-up for downtown ChampionsGate

  RIDA Development Corp. has added four new tenants to its Downtown ChampionsGate Shopping Center, leaving just one end-cap space available. RIDA Senior Vice President Marc Reicher told GrowthSpotter he has executed leases with Huey Magoo’s Chicken Tenders, Great Clips, Little Greek Fresh Grill,...

• 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...

• Stetson University accepting offers for property in downtown Celebration

  Stetson University is looking to sell its Center at Celebration academic building in the heart of the Disney master-planned community. The DeLand-based private university has issued a call for offers for its 36,000-square-foot academic center at 800 Celebration Ave. The three-story building is...

• 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....

• Company that built condemned Celebration apartments files for Chapter 11

  The construction company that built a luxury apartment complex in Celebration that was condemned a year after completion has now filed for Chapter 11 bankruptcy protection in the Southern District of Texas. Urban Oaks Builders, a wholly-owned subsidiary of Texas-based Hines, announced the filing...

• Osceola settles code enforcement case with key Disney-area land owner

  Osceola County Commissioners voted Monday to reduce code enforcement penalties against the owner of the Orlando Sun Resort & Spa by $560,344 and close the case against the long-vacant hotel. The move clears the way for the owner to proceed with a rezoning and DRI rescission for the property and...

• Four Corners Council brings in UCF expert to resolve cross-county conflicts

  After years of holding summits and bus tours, the Four Corners Area Council brought in one of the region's top conflict resolution specialists to help it create a unified plan for the booming area that crosses jurisdictional boundaries.   The council has contracted with the University of Central...

• Osceola seeks South Korea business expert to recruit firms to NeoCity

  Osceola County is looking for expert help to recruit South Korean technology companies to NeoCity.  The county published a Request for Letters of Interest (RFLOI) and Statement of Qualifications for consultants fluent in the language and business culture of South Korea. "The South Korean government...

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• Magic Village resorts to be rebranded as Wyndham Trademark properties

  Orlando-based Magic Development and Wyndham Hotels & Resorts revealed the details of their new branding partnership on Tuesday, including relaunching the company's two vacation-home resorts as Wyndham Trademark Collection properties. Magic CEO Rodrigo Cunha told GrowthSpotter the company decided...

• 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...

• Magic Development signs Wyndham Hotels as branding partner for resort properties

  Magic Development and Wyndham Hotel & Resorts will announce details of a new branding partnership Aug. 28. Orlando-based Magic Development currently has three luxury vacation home resort properties in operations or in development on Kissimmee's West 192 tourism corridor. The firm is now building...

• NeoCity-area apartments to provide relief for W192 Kissimmee motel families

  One of Osceola County's leading developers of affordable multifamily housing will build an 80-unit apartment complex less than a mile from the NeoCity high-tech district. Birdsong Housing Partners is under contract to buy 11.6 acres at the intersection of Simpson Road and East U.S. 192, near the...

• Frito-Lay plans $130M plant in Osceola across from Poinciana SunRail station

  One of the world's largest snack food companies outlined plans on Monday to build a $130 million plant in Osceola County across from the Poinciana SunRail station. Frito-Lay is planning to construct a 286,000-square-foot, high-tech service facility to be completed in 2021. The automated distribution...

• Battaglia Group seeks PUD rezoning for 105 acres next to St. Cloud's Tohoqua

  Winter Park-based Battaglia Group has applied to rezone 120 acres in St. Cloud for a Planned Unit Development with entitlements for nearly 1,600 homes and a town center to position the property for sale.  The orange grove is located at the southwest corner of Neptune Road and Old Canoe Creek Road,...

• Xentury City marketing land around Gaylord Palms for new luxury hotels

  Next year's opening of Disney's Star Wars: Galaxy's Edge attraction has prompted the Saudi owners of 200-plus acres surrounding the Gaylord Palms Resort and Convention Center to revamp their marketing strategy for the land. Master developer Xentury City has engaged CBRE's Robert McEwan to market...

• 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...

• Minnesota construction firm exec buys rare Lake Toho estate home for $1M

  A traditional brick estate home with stunning views of Kissimmee's Lake Tohopekaliga convinced the owners of a Minnesota construction firm to look outside of the tourism corridor for their new vacation home. The 9,000-square-foot home on Kissimee's gated Grandview Boulevard features six bedrooms...

• BioLife planning $7M plasma center near new Orlando Health-Tupperware campus

  An international biotech firm has filed preliminary plans to build a 15,210-square-foot plasma center within walking distance of the new Tupperware SunRail station and Orlando Health emergency room.  BioLife Plasma Services is eyeing a 3-acre outparcel in the Gateway Station Shopping Center, a...

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• 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

  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...

• Two developers racing to build new self-storage facilities near Reunion

  The Four Corners market is about to get its own version of "Storage Wars" as two developers race to break ground on self-storage facilities across from each other on C.R. 532 next to Reunion. Orlando-based K4 Investments president Tony Kostantinidis met Wednesday with Osceola County's Development...

• General Motors president buys $1M vacation home in Disney's Celebration

  A leading Detroit auto executive and his wife paid $1 million last week for a five-bedroom estate home on Celebration Avenue, their second home in the Disney master-planned community. Alan Batey has been President of General Motors North America since 2014 and previously served as Head of GM Africa...

• Osceola sports complex developer gets extension for purchase of W192 site

  The developer of a $20 million sports complex on Kissimmee's W192 tourism corridor has been given an extension to complete their purchase of the land, but the first phase is still on schedule to open next year, a county official told GrowthSpotter. Osceola County Commissioners signed a Development...

• Arizona land banker pays $5.4 million for 105-acre Narcoossee subdivision

  Coronado West, an Arizona-based land banker, paid $5.4 million last week for 105 acres in northeast Osceola County that's already approved for 349 home sites. President John Cork told GrowthSpotter the acquisition was a land banking transaction on behalf of Ashton Woods. "We basically follow homebuilders...

• 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...

• Osceola's NeoCity lands tech manufacturer for 20-acre lakefront R&D innovation center

  Osceola County's 500-acre NeoCity tech district has potentially landed its first private industry user who has committed to building a 20,000-square-foot lakefront "innovation center." Commissioners on Monday approved a Memorandum of Understanding (MOU) with the company, referred to by code name...

• Orlando Health targets Reunion Village for possible hospital site

  Orlando Health has signed on to anchor the Reunion Village mixed-use development at the I-4/ChampionsGate interchange. The nonprofit healthcare system and Encore Capital Management, master developer of Reunion, jointly announced Orlando Health's purchase contract on Monday for 25 acres the town...

• Galt's Landing at Harmony

  Galt's Landing would be a 10-unit, fly-in subdivision with estate, lakefront homes with oversized garages to accommodate small aircraft. (Rj Whidden and Associates)

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• Pilot planning new luxury fly-in subdivision near Harmony golf community

  An Orlando-based airline pilot has filed preliminary plans for Osceola County's first luxury fly-in community near Harmony. Owner/developer Brian Hickok, a captain for JetBlue, told GrowthSpotter he has always dreamed of owning a home with a private hanger in a fly-in community, but he couldn't...

• Developer Hines sues insurance companies in dispute over condemned apartments

  Texas-based developer Hines, which is being sued over the alleged shoddy construction of an apartment complex in Disney's Celebration community, has now sued its subcontractors and insurers for denying claims related to the ill-fated project.  Hines was the original developer and general contractor,...

• St. Cloud's AmeraTrail planning new HQ and manufacturing plant on E192

  St. Cloud-based AmeraTrail, which builds custom boat trailers, is planning for a new 150,000-square-foot manufacturing facility as part of a larger 55-acre mixed-use development. Owner Scott C. Locke has applied to rezone the land at the intersection of U.S. 192 and Old Melbourne Highway, near...

• Kissimmee active adult apartments across from The LOOP sell for $29.5M

  One of the busiest multifamily developers in Kissimmee's LOOP/Tupperware submarket has sold an active-adult apartment complex to a national real estate investment firm for $29.5 million. Palm Beach Gardens-based Eastwind Development and co-developer Index Investment Group built the four-story,...

• Isolé Villas bridges gap between 4-star resort and vacation home experience

  Among discerning travelers, Reunion golf resort is known as the go-to destination for the biggest, most luxurious vacation homes in the Orlando market. They offer up to 14 bedrooms, themed decor, private bowling alleys and every style of architecture from modern to Mediterranean.   David Krakauer...

• W192 board approves sheriff's $2M funding request for Westside district office

  Osceola Sheriff Russ Gibson has been eyeing a vacant Publix store at the intersection of U.S. 192 and International Drive for more than a year to serve as a new West District command center for the county's booming tourism district. When it came on the market this month, he and County Manager Don...

• 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

  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...

• Mattamy Homes prepping for next phase of Solara Resort on Westside

  Mattamy Homes delivered its first vacation homes in Solara at Westside this month, and now the homebuilder is prepping for the next phase of its first short-term rental resort community. Orlando Division President Alex Martin told GrowthSpotter that since launching the community last summer, Mattamy...

• St. Cloud Council to vote on $8.25M land sale for new Stevens Plantation mixed-use

  St. Cloud's City Council is scheduled to vote Thursday on two contracts to sell a combined 198 acres to a Longwood developer for an ambitious, commercial-focused mixed-use development along Canoe Creek Road. Telesis Services LLC beat out three other competitive bidders for the 56-acre parcel and a...

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• 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...

• South Florida developer eyes Kissimmee site for new apartment complex

  South Florida-based Paragon Group has proposed building apartments on the former 11th and 12th holes of the closed Buenaventura Lakes West golf course in Kissimmee. Paragon/Granada Development has a contract to buy the 14-acre site from Iglesia Cristiana Renuevo. The property abuts a 3.6-acre parcel...

• NFL QB banks tidy profit on sale of 10-bedroom Reunion home after seven months

  Robert Griffin III's future prospects as a starting NFL quarterback may be in question, but he proved this year to have a head for real estate investment. The Baltimore Ravens backup QB and his wife, Grete, sold their Disney-area mansion in mid-June after just seven months for $3.2 million, banking...

• Developer to engineer mixed-use plan to win over St. Cloud Council for annexation

  The would-be developer of a 46-acre mixed-use project near the intersection of U.S. 192 and Narcoossee Road is making a bold and costly gesture to win approval from St. Cloud's City Council for the annexation. Engineer Randy June last week asked for a two-month continuance on the annexation vote...

• 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 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...

• D.R. Horton assembles land in East Narcoossee for 96-lot subdivision

  D.R. Horton has assembled 22 acres in Osceola's East Narcoossee community for a new 96-lot subdivision. The homebuilder rezoned the properties last December for low-density residential development, and this week applied for environmental permits with the South Florida Water Management District....

• New construction in Osceola County topped $914M in 2017

  More than $914 million in new construction last year helped push Osceola County's property values well above $35 billion, according to Property Appraiser Katrina Scarborough. "I would attribute the increase to both new construction and increasing property values," she told GrowthSpotter. "We have...

• 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

  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...

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• UPDATED: Eastwind closes on Phase 1 apts site near Tupperware SunRail, plans new unit type

  Eastwind Development paid $3.97 million on Thursday for the first takedown in a two-phased, transit-oriented multifamily site across from the new Tupperware SunRail Station. The 14-acre site lies along the newly widened Orange Avenue, just north of the new Orlando Health free-standing emergency...

• Developer Hines sued over condemned apartment complex in Celebration

  Southstar Capital Group is suing one of the world's largest real estate developers over claims of shoddy construction work on a Celebration apartment complex that was condemned by Osceola County last summer. Palm Beach-based Southstar paid $67 million in the fall of 2016 for the newly built Aviva...

• Sun Terra signs Jones Homes for land in Harmony West expansion

  Jones Homes USA is expanding its footprint in Osceola County's St. Cloud market by reaching a deal with master developer Sun Terra Communities for Phase 1 of Harmony West. Sun Terra Principal Richard Jerman told GrowthSpotter the Altamonte Springs-based homebuilder has signed a contract to buy...

• 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...

• Tampa-based multifamily group enters Kissimmee market via portfolio buy

  Tampa-based multifamily investor American Landmark paid $69.767 million on Wednesday for a 432-unit property in Kissimmee, part of a four-asset portfolio deal totaling 1,212 units across three states.  Located at 3101 Segreto Lane, the former Bella Apartments date to 2010 and were 96 percent occupied...

• Pulte to buy 25-acre parcel near East Lake Toho from Osceola Schools

  The School District of Osceola County is expected to sell 25 acres of surplus land in St. Cloud to Pulte Homes for $1.53 million.  The land is one of three parcels the district offered for sale as a competitive bid process in April, but lack of interest forced the district to extend the bid deadline...

• Pulte Homes files subdivision plan for expansion of Windsor at Westside

  Pulte Homes is prepping a third phase of its popular Windsor at Westside vacation home resort community. The homebuilder filed a Preliminary Subdivision Plan (PSP) and Site Development Plan (SDP) with Osceola County last week for the 46-acre parcel at the the southeast corner of Westside Boulevard...

• Local government officials recap week at ICSC RECon

  Osceola County's W192 Development Authority and city officials from Ocoee and Orlando joined 1,200 exhibitors last week in Las Vegas for the world's largest real estate convention. Hosted by the International Conference of Shopping Centers (ICSC), RECon annually attracts 37,000 commercial real...

• 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...

• Pineloch to resubmit Center Lake Ranch annexation with new data

  Pineloch Management Corp., which owns Osceola County's Center Lake Ranch, will eventually resubmit an annexation request with the City of St. Cloud for the 2,016-acre project -- this time with a detailed financial report illustrating the potential tax revenues it could generate. "Ultimately, we...