International real estate investment firm GAOK Invest wants to convert a Kissimmee petting farm near the new Poinciana SunRail station into a luxury resort.
The company has hired planning firm Rj Whidden & Associates and applied with Osceola County to rezone 150 acres on Poinciana Boulevard to Commercial Tourist for the project. The property is under contract, and project manager Chris Kasar told GrowthSpotter on Friday that GAOK is still in its inspection period.
The firm announced the project, Breeze de Mar, in Istanbul in late March. The initial concept called for a horizontal condo hotel, with more than 300 small buildings comprising a total of 1,364 units. The amenities package at the time included a resort-style swimming pool, restaurants and cafes, a gym, boutiques, a spa, beach volleyball, a canoe and ski lake.
Each fully furnished condo unit would be sold to investors, starting at $100,000 with a 20 percent down payment, based on the company's marketing materials.
Originally slated to open in late 2018, the project is now being redesigned which is delaying its U.S. launch, Kasar said.
GAOK's portfolio consists of residential and commercial assets in Germany (30 percent) and the U.S. The company previously entitled a townhouse community in Oviedo in the Park and sold it during the project phase to Pulte Homes.
The Breeze de Mar site would be on a portion of the nearly 2,000-acre Frank Brown Estate property. A portion of that estate was considered for employment center designation as part of the larger BK Ranch mixed-use project. That project is currently stalled and its application for a Comprehensive Plan Amendment expired.