September 21, 2019

Residential Property Developments

Poinciana SunRail area drawing developer interest

A new mixed-use development and a 7-story apartment building could be in the works near the SunRail station.

Monarchs at Lake Pleasant apartment project scores zoning approval in Apopka

A rezoning request sought by local developer Rafael Martinez was approved Wednesday evening, allowing his proposed 126-unit apartment project to move forward.

Mixed-use project eyed for key intersection on Narcoossee Road

The 27.5-acre site on Narcoossee Road was on the market for $8.4 million.

Gelcorp is planning a new upscale townhome project in Winter Park

Prices for the 14 townhomes will range from $799,000 to $1.295 million.

City planning staff support new Dezerland master plan at former Artegon mall

If approved, the vast parking lots at Artegon could be redeveloped with over a thousand apartments, a new hotel and more shops.

Global investment firm buys apartments in the large-scale World Gateway DRI near Disney

From the time of its previous selling price in 2015, the 252-unit apartment complex has increased in value by more than 25 percent.

Osceola School Board allays commission concerns about school capacity

Find out what Osceola's School Board had to say about school overcrowding, and why "seeing red" isn't always a bad thing.

Multifamily development plans emerge for land Intram owns in southern Orange County

The developer is under contract to sell more than 10 acres of land north of its Sunrise City Plaza project that lies directly south of the Orange/Osceola county line.

Venterra Realty drops $104M for apartment complex by Mall at Millenia

The deal marks the most expensive individual transaction for an apartment complex in the Orlando submarket of this year.

Sun Terra releases detailed plans for its portion of Horizon West Town Center

After paying nearly $42 million for 534 acres within Horizon West's Town Center, the developer has more details to share including the name it wants to give the new community.

Multifamily and short-term rentals uses are being sought for lot near Grove Resort & Water Park

The nearly 40-acre lot will be split in half to favor the development of a market-rate apartment community to the north and mid-rise condominium-style suites to the south.

A fresh look at Village I, Horizon West’s fifth and final village

With at least 11 PDs going through Orange County’s permitting process, Horizon West’s Village I will soon take shape and join its four sister villages that are currently being built out.

ContraVest moves forward with luxury multifamily project near Disney

ContraVest plans to break ground on a $52 million apartment complex that will mark the first development within Amer Group’s 50-acre mixed-use project on Lake Bryan.

Highland Homes buys Osceola County subdivision for $8M

This stretch of Jones Road in Osceola County's East Narcoossee area is slated to get over 1,550 new homes across four new subdivisions.

Orlando looking for experienced developer to build out last piece of old Navy base

More than a decade after it was pulled off the market, the last vestige of the McCoy Naval Annex in Orlando is once again for sale — this time attracting national interest.

Nearly a thousand apartments are being planned to replace golf course by Mall at Millenia

A recently submitted site plan shows the developer wants to convert the former 18-hole Eaglewood Golf Club into an apartment community with 30,000 square feet of commercial space.

New townhouse communities coming to Four Corners market

The two projects would add more than 400 new townhomes to Davenport and Kissimmee.

Meadow Woods proponent envisions lofty transit community with very little need for cars

The newest development at Meadow Woods could offer free autonomous shuttle service to the SunRail station.

Meritage Homes buys lots on prominent piece of Dr. Philips land near ICON Park

The homebuilder is beginning the build-out process of its planned Sand Lake Sound residential community near Restaurant Row.

Ashton Woods takes over colorful Festival project along I-4

The builder has filed plans to add 212 more townhomes to the resort community, but it's changing up the design to appeal to residential buyers.

Epoch’s Maitland Station and Boyd’s LakeWalk at Hamlin apartments fetch big price tags

The two metro-Orlando apartment complexes sold for a combined $150 million last week.

Hannibal Square CLT to build affordable townhomes in Apopka

These stylish new three-bedroom townhomes in Apopka will be sold a below market rate to working families.

Tampa developer teams up with Greystar on new multifamily project near Disney parks

This is the second time in recent weeks that a major resort company near the Daryl Carter Parkway and Palm Parkway intersection moves to sell off excess land for multifamily development.

Affordable development near Packing District postponed amid major opposition

With hundreds of acres slated for new construction and a growing opposition to development, the ruling may have broader implications on future projects by The Packing District.

KB Home buys land in St. Cloud for new Canoe Creek Crossings

Over the past couple of years the developer has added more than 1,000 ready-to-build lots to its growing Central Florida portfolio.

Denver developer makes market entry with $84.45M purchase of Winter Park apartments

Broadstone at Winter Park, a 268-unit multifamily mid-rise development, was 85 percent leased at the time of the sale. The deal breaks down to about $315,112 per unit.

Miami developer plans multifamily community near ChampionsGate

The developer, a known critic of Osceola's latest increase on school impact fees, is going before the DRC with a new multifamily proposal.

Church site in Winter Park under contract with Epoch Residential for new apartments

The Aloma United Methodist Church closed it doors last month after its nearly 7-acre site in Winter Park drew multiple bids for the property.

Hanover advances subdivision plans south of Clermont’s Olympus project

The Orlando developer has filed engineering plans for the first of five phases for the 578-lot subdivision in Lake County's U.S. 27 corridor.

Tavistock unveils plan for new half-mile linear park in Lake Nona

Lake Nona's newest park will stretch along a half-mile of bubbling brook, dotted with public art.