Park Square Homes principals Suresh Gupta and his son, Vishaal Gupta, are reshaping their plan for a 11-acre site in the Brighton Lakes neighborhood off Pleasant Hill Road in Kissimmee.
A family-owned affiliate company bought the site in 2012 in a tax certificate sale for $81,000.
When the county approved the original Development Plan for Brighton Lakes, a 447-home gated community west of Lake Tohopekaliga, the parcel was held in reserve because it was thought to have an active eagle nest. The PUD later was amended to allow for construction of a K-8 charter school on the site.
Planning consultant Shri Rao told Osceola County staff the Guptas have tried for five years to find a charter school operator for the site. At one point, it was approved by the school district as a site for the Osceola campus of Orlando Science Charter School, but that school chose a different location for its Kissimmee campus.
Competing charter schools in the same market made it difficult for new operators to get financing, he said.
Consequently, Rao said the school district no longer favors the Brighton Lakes location as a school site. So instead, the Guptas are planning to build a two-story, 150-bed assisted living facility and a 12,000-square-foot pre-school on the property.
"The reason we're putting assisted living with daycare is we feel they're complimentary uses," Vishaal Gupta told GrowthSpotter on Wednesday. "We like the idea of having multiple generations on the site."
The assisted living facility will have 60 rooms reserved for memory care patients, Gupta said. "We're going to develop it ourselves. We're interviewing now for an operator to run it for us."
He said the company is seeking an architect and a preschool operator for the project. "It won't go to contract until we get further down the road."
County staff advised Gupta to apply for a major amendment to the approved Planned Development, a process that generally takes at least 60 days and requires a community meeting. The amendment must pass the county's Planning Commission and Board of Commissioners.