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Osceola County Developments

New mixed-use neighborhood would add 710 homes next to Green Island Ranch

Osceola's Development Review Committee approved the Concept Plan for Canoe Creek Reserve, a new mixed-use community on 365 acres.

Veteran Orlando developer Robert Zlatkiss received Osceola County staff approval Wednesday for plans to create a mixed-use neighborhood with up to 760 homes just off Canoe Creek Road.

The county’s Development Review Committee approved the rezoning and Concept Plan (CP) for 365 acres known as the Yates assemblage for a project called Canoe Creek Reserve. The key parcels in the assemblage had agricultural zoning and Low Density Residential future land use, but they were added to the adjacent Mixed-Use District 5 as part of a Comprehensive Plan Amendment that was approved by commissioners in December.

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Zlatkiss’s American Land Development is the contracted buyer. He told GrowthSpotter the land development likely wouldn’t start until early 2023, so he hasn’t signed any deals yet with homebuilders. “We’re still very early in the game,” he said. “We hope to make it a good asset and addition to the community. We want to exceed the county’s expectations.”

The properties within the dotted lines are under contract to American Land Development. Those marked blue were already in the mixed-use district. The parcels marked yellow had Low Density Residential future land use, but they were added to Mixed-Use District 5.

The bulk of the new development would take place south of Mildred Bass Road. The CP envisions single-family detached homes on three lot sizes: 35-foot rear-loaded bungalows plus front-loaded 45- and 50-foot lots. The CP plan also includes a 122-unit townhouse community and a 7.25-acre neighborhood center with up to 25,000 square feet of retail.

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Zlatkiss and his consulting engineers from KPM Franklin also submitted a Preliminary Subdivision Plan (PS) for Canoe Creek Reserve that reduces the total number of lots from 760 to 710. The number of townhomes was reduced from 122 to 48, and the bungalow lots were widened to 40 feet. The PS also breaks the project into nine phases with 112 detached homes in the first phase. The amenity center would be built in Phase 4, and the Neighborhood Commercial Center would the final phase.

The developer plans to break the project into nine phases, with 48 townhouse lots and 562 detached homesites.

The PS is still in review. County staff will wait until it’s approved by DRC before advancing all three cases —the land use, zoning and subdivision plan — to the planning commission and board. Senior Planner Jim Resta told GrowthSpotter they could be on an agenda as early as April.

Zlatkiss has assembled properties throughout Central Florida for residential and industrial projects. He was an early investor in Osceola’s East Narcoossee area, having assembled the land for Highland Homes’ Siena Reserve on Jones Road. Last November, he purchased the 97-acre Poinciana Industrial Park and struck a deal with Ryan Companies to build a big-box logistics warehouse in the first phase.

“I have always had a fondness for Osceola County,” he said. “It has blessed my family. My dad has his first Black Angus (steakhouse) on Vine Street in the 1970s. My heart and soul is in Osceola.”

The Canoe Creek property is in a new development corridor where development activity is expected to ramp up over the next few years. It’s bordered on the west and south by the nearly 6,000-acre Green Island Ranch, which sold in late December to St. Cloud’s Gentry Land Company and Wheelock Street Capital.

Green Island spans both sides of Florida’s Turnpike and make up a huge portion of the South Lake Toho Mixed-Use District. The developers and their planning team told GrowthSpotter they plan to start construction in 2023 east of the Turnpike, with the first of four neighborhoods that are accessible now on Canoe Creek Road.

Project Manager Matt Call with Wheelock Communities said their forthcoming CP would closely align with the South Lake Toho Conceptual Master Plan, which entitles those neighborhoods for 2,156 detached dwelling units and 1,316 attached homes, for a combined 3,472. “You know, we’re really focused on the South Lake entitlements, because we realize that the value of the property is the underlying entitlements that come along with it,” Call said.

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


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