xml:space="preserve">
Vacation home specialist Feltrim Group has won approval for a plan to build 88 condos at Reunion Resort.
Vacation home specialist Feltrim Group has won approval for a plan to build 88 condos at Reunion Resort. (Feltrim)

Vacation home specialist Feltrim Group has received approval from Osceola County for an 88-unit luxury condo project called Crescent at Reunion Resort & Club.

The Davenport-based developer bought the 4-plus acres in Reunion, just north of the Polk County line, last November for $1.4 million and immediately applied for a slight increase in density to accommodate the new design.

Advertisement

Crescent will be comprised of 78 condos and 10 townhomes, Feltrim CEO Garrett Kenny told GrowthSpotter. He said the project includes a mix of 1-bed, 2-bed and 3-bed units. Preconstruction pricing ranges from $400,000 to $490,000.

The Crescent at Reunion features a mix of townhomes (pictured) and three- and four-story condo buildings. Feltrim Group has presold about 40 percent of the units to British investors.
The Crescent at Reunion features a mix of townhomes (pictured) and three- and four-story condo buildings. Feltrim Group has presold about 40 percent of the units to British investors. (Feltrim)

Kenny, who was in London this week for the A Place in the Sun exhibit, said the Crescent is about 40 percent pre-sold.

Feltrim has applied for a building permit for the largest building, a four-story condo building with 28 units, and plans to start construction in July. The Crescent also includes two three-story buildings and three two-story townhouse buildings, all with detached garages.

The project comes on the heels of Feltrim building and selling out an 80-unit townhouse vacation rental community at nearby ChampionsGate. The developer also recently broke ground on Balmoral, a vacation home resort in Haines City.

The massive Reunion Resort is approved for more than 6,000 homes. Master developer Encore Funds has built hundreds of vacations homes, but only a few hundred lots remain. The resort is entitled for 4,433 multifamily units, of which nearly 2,500 are built.

Encore has filed construction plans with South Florida Water Management District for a 300-room hotel with its own water park, conference center and sound stages. So far no plans for the hotel have been submitted to the county.

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

Advertisement
Advertisement
Advertisement