An Orlando businessman has purchased a 20-acre site on the Westside Boulevard corridor for $4.15 million in what will be his first real estate development.
Hakan Collu, owner of International Tile and Stone on Orange Blossom Trail, said he had been searching for a while for a real estate development and chose the “Westside Premium” project because it was already well into the permitting.
The seller, Dr. Odelon Montiero, has already rezoned the land to Commercial Tourist and won approval for a Preliminary Subdivision Plan that called for a gated resort community with 142 townhomes and 11 detached vacation homes. Dave Schmitt Engineering was the civil engineer, and the firm was retained by Collu.
Collu told GrowthSpotter they swapped out the vacation home lots for more townhomes. The resort would have a large clubhouse and pool with its own splash park, surrounded by cabanas. There’s also a miniature golf course, sand volleyball court, firepit and playground. The resort also will have its own dog park.
“It’s all townhomes now,” Collu said. “We have three types: three-, four- and five-bedrooms. Right now we’re updating the design to make them a little more modern.”
Collu said he is self-financing the entire project. He selected Clermont-based ICN Homes, which is active in Reunion Resort and Westside at Four Corners, as the land developer and general contractor.
The seller had filed a Site Development Plan in 2018. Jose Gomez, who chairs Osceola County’s Development Review Committee, said that plan has now expired and Collu will need to resubmit the SDP with the revised site plan.
“We hope to be turning dirt in about three or four months,” Collu said.
Westside Premium will be surrounded by other vacation home communities, including Pulte’s Windsor at Westside and Lennar’s ChampionsGate Resort.
The land is directly south and east of Mattamy’s Solara Resort, which straddles both sides of Westside Boulevard. Mattamy has completed more than half of the approved 595-plus vacation homes and townhomes in the first two phases and is building a separate residential community called Soleil at Westside across from the site.
Last week, KB Home paid $10 million for the majority of homesites in Westside Hills, a new residential community on Westside Boulevard. The 382-home subdivision is less than a mile away.