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Brazilian townhouse developer looks to expand Summerville Resort project

An artist's rendering of townhouses planned for the Summerville Resort project in Osceola County.
An artist's rendering of townhouses planned for the Summerville Resort project in Osceola County. (provided)

The Brazilian investment company now building a $25 million townhouse resort in Kissimmee has purchased a neighboring parcel to expand the project.

Lancelot America announced plans last spring for the 99-unit Summerville Resort on Old Lake Wilson Road, just off U.S. 192. The developer paid $1.25 million for the original 18-acre parcel, which is south of the new Walmart Supercenter.

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The company paid $1.6 million in late December for a 4.65-acre tract immediately north of the project, and company officials confirmed they are planning a second phase.

Units at Summerville Resort are priced starting at $269,000 for a 3-bedroom unit, with owners given the option to choose their own property manager for short-term rental or hire the resort's management firm. Orlando-based American Horizons Realty is the sales partner, and is marketing the units primarily to Brazilian investors.

General Contractor Jordan Construction & Development broke ground about two months ago on the first phase and is currently building a sales office onsite. Giovanni Jordan said vertical construction should begin this month.

Lancelot's second development, Cypress Sound Resort in Orange County, is planned on a 15-acre site that fronts Winter Garden Vineland Road near Walt Disney World's Epcot and Magic Kingdom, adjacent to Grand Cypress Golf Resort and east of Disney's new high-end Golden Oak development. The budget for that project is $30 million.

Have a tip about Central Florida development? Contact me at lkinsler@GrowthSpotter.com or (407)420-6261, or tweet me at @LKinslerOGrowth. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.

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