Urban Network Capital Group (UNCG) will break ground in the spring on a $170 million resort hotel near Disney called Visions Resort & Spa Orlando after selling out the first two phases of the project.
The 42-acre resort will be located at the intersection of the future Celebration Boulevard extension and County Road 532, adjacent to the Reunion Resort.
UNCG CEO Robert Thorne worked closely with Osceola County officials on the route of the roadway, which extends through the Island Village section of the Disney master-planned community. He also secured tentative partnerships with Disney to make the Vision Resort both a Good Neighbor Hotel and part of the Disney Vacation Home Rental Program. This designation will allow the concierge to buy tickets to the neighboring attraction parks on behalf of the guests.
Thorne said the final approval would be granted after construction commences and Disney officials compare the product to what was proposed. “There is a major relationship already established for the project,” he said. “Because now, Disney is lacking horizontal hotel product. They don’t have it, so they want it.”
The project consists of a variety of product types, defined as follows:
- Illusions | 48 single-family homes that will offer seven- and eight-bedrooms and feature modern architecture, functional living spaces, and a guest lounge with ambient music. Prices start at $799,000.
- Reflections | 132 townhomes that will offer five- and six-bedrooms and feature European technology for superior water and air quality, patios, and water views. Prices start at $629,000.
- Inspirations| 181-key, 5-story condo hotel that will offer one- and two-bedrooms and feature chic loft-style, flexible design elements, and owner-only on-site amenities and services. Prices start at $235,000.
Thorne told GrowthSpotter they revised the master plan from the original concept by eliminating a section of senior housing and a self-storage component and adding a 270-unit mixed-use multifamily building that will complement the resort.
“This is still this is strictly now a hotel component with a multifamily and retail anchor,” he said.
The apartment building will be located directly on Celebration Boulevard, north of the resort, Thorne said. “It’s retail shops and restaurants and all that downstairs with a promenade in the middle with tables and fountains and that kind of an effect.” Construction would begin after the road is completed.
A 12,000-square-foot clubhouse at the center of the resort will include a variety of amenities, including a gym with pilates, yoga, steam room and sauna. It will also have an onsite restaurant and lounge, movie theater, kids’ room, arcade with driving simulators and a business center with video presentation.
The club spills out into an outdoor water park with a pool, Jacuzzis, cabana with wet bars, fire pits and a playground. Guest will also have access to a croquet lawn, tennis, volleyball and pickle ball courts, a putting green and bike share program.
UNCG engaged two architecture firms: Miami-based DTI led by Carlos Pizzaro and Concepto|Taller de Arquitectura, based in Mexico City. Each unit will come with a curated interior design and furniture package. EV charging outlets will be standard, and buyers will be offered a wellness upgrade package that includes solar panels, purified air, nontoxic wall coverings, filtered water, aromatherapeutic diffusers, therapy showers, circadian lighting, and eco sanitation.
The investors in the project include Peruvian-based V&V Group, along with additional private investors. V&V is the leading real estate development company with more than 25 years of experience that ventured into the U.S. market late last year, building a fast footprint in the Florida market with eight portfolio projects in Aventura, Coral Gables, Fort Lauderdale, Port Charlotte, Cocoa Village, and now Orlando.
“They are going to be doing all of the construction,” Thorne said.
“We saw a truly unique opportunity to invest in the Orlando market due to its unparalleled tourism growth, being arguably the most premier vacation rental location in the world,” says Fernando de Nunez y Lugones, Principal of Location3 Investments & UNCG, and the individual responsible for V&V’s involvement. “The project has attracted a great deal of attention from prospective buyers who recognize that there will be a demand from vacation renters looking for an enhanced experience and lifestyle.”
UNCG has already submitted a preliminary subdivision plan to Osceola County and established a Community Development District to govern the resort. The architects are already working on construction drawings, and the developer expects to receive final approval from the county by April. They’re starting May 2023 for construction of the initial phase of the single-family homes and townhouses with initial completions in spring 2024. The condo hotel, which includes the lobby and registration area for the entire resort, will also open in 2024.
“Our goal is to develop a resort hotel community like no other,” Thorne said. “We want the guests to have a unique sense of arrival at our two-story lobby that will accommodate all traveler’s needs.”
Visions is the second successful launch of a residential real estate project for UNCG in Orlando. The company recently sold 75% of The Flats Resort & Spa, a 160-unit, wellness-certified, boutique condo hotel located in the heart of Kissimmee, that will span two acres and offer luxurious health-conscious amenities. The Flats Orlando will offer fully furnished studios, and one-, two- and three-bedroom units that range from 440 square feet to 1,485 square feet, which has already broken ground.
Vision’s sales center is centrally located at 8132 W. Irlo Bronson Memorial Highway.