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Osceola County Developments

Groundbreaking set for new townhomes on former BVL golf course

The Encanto neighborhood features a mix of front- and rear-loaded townhomes and a community clubhouse and pool at the main entrance.

Miami-based Wolfson Development Group will officially break ground next week on a pair of new purpose-built rental communities on two of the last tracts of the former Buenaventura Lakes golf course.

The firm, founded by CEO Adam Wolfson, specializes in Build-to-Rent communities and plans a total of 214 townhomes across the sister communities, Encanto and Isla.

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Wolfson is partnering with Paragon Group, which acquired the parcels in 2018 and 2021 for a combined $2.2 million.

Much of the former Buenaventura Lakes golf course has been repurposed for stormwater retention. The Encanto community is on the 14-acre site (yellow), while the Isla community is on roughly 10 acres (orange). The Osceola County on Aging is building an affordable senior housing community on another parcel (brown).

“To be honest, I had been looking around the Encanto-Isla area and that golf course for a very long time, and I was hoping to find something,” he said. “And it was happenstance that our general contractor, First Florida, was working with a guy who was under contract for the Encanto site and owned the Isla site outright.”

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Paragon had initially secured entitlements for a 150-unit apartment complex on the Encanto site.

“They were looking to do that as apartments, and at some point, the guys at First Florida put us together with Paragon, and we said let’s just do this as townhomes. And we ran really quickly on it. When they showed us the site, we already knew the site because I’d already looked at the whole golf course before. I love this area. It’s only going to go up because it has a tremendous need for housing.”

The revised Encanto plan converts the 150 garden apartments to two-story townhomes.

The new partners revised the BVL Planned Development in 2021 to convert the multifamily entitlements to townhomes. The apartment buildings would have been three stories, but the townhouses will have a maximum height of 27 feet 8 inches. Amenities include a resident clubhouse and fitness center, along with a business center, resort-style pool, playground and tranquility garden.

The Isla neighborhood is approved for 64 townhomes designed around a central walkway. The 11-acre site had been deeded by the county to the Boys & Girls Club of Central Florida and was entitled for a community center. In 2016, Osceola County had set in motion plans to buy the land for an affordable housing community but backed out after public opposition.

Encanto and Isla will included rear-loaded units where the front doors face a community garden area.

Wolfson said the Isla residents will have full access to the amenities at the Encanto site. “We like to put full amenities in to really give folks the same sort of feel that if you were in a two-bedroom apartment, you know in a garden-style that had amenities it should feel to you similarly to living in that community in the sense that it’s programmed, that there are happenings going on at the clubhouse that there’s a sort of central meeting place and that there’s amenities for you, your family, your guests to enjoy.”

He said the initial site development has already begun, and the first units will deliver before the end of the year.

In 2022, the Osceola County Council on Aging secured gap financing from the county to begin construction on 60 units of affordable senior housing on 6.6 acres of former BVL golf course property on Competition Drive.

Wolfson currently has active projects in Bradenton and Royal Oak, Michigan, and a total pipeline of 2,050 units across four active developments, including Encanto Isla, and others in redevelopment. He’s also looking to expand his portfolio in Central Florida.

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“We are tracking actively a number of things in Orlando with offers that we put out,” he 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 FacebookTwitter and LinkedIn.


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