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Resort owner submits $2.9M bid for land at Osceola Parkway - Vineland interchange

Resort owner submits $2.9M bid for land at Osceola Parkway - Vineland interchange
Oscoela County received a $2.9 million bid for the nearly 6-acre tract (outlined in red) at the Osceola Parkway - Vineland Road interchange. The land sits at the entrance to Sunrise City Plaza. (Smith Aerial Photos / Intram Investments)

The owner of Kissimmee's Calypso Cay Resort submitted the only bid for 5.9 acres of county-owned land across the street, at the Vineland Road-Osceola Parkway interchange.

The property is just south of Sunrise City Plaza, and Osceola Commissioners declared it surplus in 2017. The county began seeking bids for the site in January but extended the deadline a month to try to garner more interest.

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Timescape Resorts' Stephen Bradley offered $2.9 million for the site, about $75,000 over the county's minimum bid price. Procurement Director Rebecca Jones said the administration had considered rejecting the bid and reposting the solicitation, but ultimately decided to forward it to the commissioners in April with a recommendation to accept the offer.

The corner parcel has frontage on Vineland and Poinciana Boulevard, which has been extended into the Publix-anchored Sunrise City Plaza next door.

It's directly across from a Wawa fuel station and just north of Lennar's Storey Lake Resort. It has Commercial Tourist zoning and 420 feet of frontage on S.R. 535.

Sunrise City is a 238-acre mixed-use development just south of the Lake Buena Vista Factory Stores with entitlements for up to 1,000 multifamily units.

The Vineland property was part of a larger taking from 1994 when the county built that portion of Osceola Parkway. It currently doesn't have access from S.R. 535, but County Administrator Don Fisher previously told GrowthSpotter he would expect that the Florida Department of Transportation to approve a driveway in conjunction with a Site Development Plan.

Bradley, whose company developed the 82-acre Calypso Cay Resort in 2001, has also been involved in a the development of a new Extra Space Storage facility at 3280 Vineland Road scheduled to open in April.

The would be the second land transaction involving the county in recent months. Last December, Osceola County paid $1.75 million for a 2.9-acre site on Calypso Cay Way for a new fire station to serve the fast-growing neighborhood.

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

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