Multi-Family Residential Developments

  • Tennessee developer under contract for multifamily site in Horizon West Village H

    Tennessee developer under contract for multifamily site in Horizon West Village H

    Tennessee-based multifamily developer and builder TDK Construction Company has a prominent site in Horizon West under contract for its second Class A apartment complex in Central Florida. The property lies on the southeast corner of Avalon Road and Flamingo Crossings Boulevard, where the company...

  • Senior affordable housing project breaking ground Wednesday in Sanford

    Senior affordable housing project breaking ground Wednesday in Sanford

    Nearly six years ago, bulldozers demolished the old Redding Gardens public housing project several years after the last low-income residents had been given vouchers to move elsewhere. The 4.73-acre site at 400 Locust Avenue sat vacant since then, but that will start to change Wednesday when work...

  • Winter Park developer eyes 46 acres in east Orange County for new mixed-use project

    Winter Park developer eyes 46 acres in east Orange County for new mixed-use project

    A Winter Park developer has filed plans for a nearly 50-acre mixed-use project in east Orange County with a blend of multifamily and industrial components. The project, dubbed Innovation Pointe, is being proposed by Dustin Lucas of JEL Land Development. Last week, Lucas filed a Technical Review...

  • Venetian Isle mixed-use medical campus in Leesburg expands

    Venetian Isle mixed-use medical campus in Leesburg expands

    The development team behind a 50-acre medical mixed-use campus next to Leesburg Regional Medical Center has just added another 4.2 acres to expand across Dixie Avenue. Tony Benge, with Benge Development, told GrowthSpotter the partners paid $725,000 to the Lake County School District for the former...

  • Investor sees value-add opportunity in Haines City apartments

    Investor sees value-add opportunity in Haines City apartments

    A Colorado-based hedge fund paid $2 million last week for a small apartment complex in Haines City with value-add potential. Eastwood Apartments, a 42-unit affordable apartment property, is at the corner of Hinson Road and 22 Street, just north of Boone Middle School. The complex, built in 1978,...

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  • Blackstone affiliate pays $70M+ for apartments near SeaWorld

    Blackstone affiliate pays $70M+ for apartments near SeaWorld

    An affiliate of New York-based Blackstone Group, one of the world's largest private equity firms, just picked up the Integra Cove apartments near SeaWorld for $70.75 million.  The deal for the 338-unit apartment complex at 6801 Westwood Blvd. beaks down to about $209,300 per unit. According to...

  • St. Cloud approves 2,020-acre Center Lake Ranch annexation with strict conditions

    St. Cloud approves 2,020-acre Center Lake Ranch annexation with strict conditions

    The St. Cloud City Council voted 4-1 on Thursday to annex the 2,020-acre Center Lake Ranch -- a year after denying the annexation -- but they added barriers that could make it difficult for the project to proceed as planned. The council placed a condition on the annexation vote that would prohibit...

  • Developer planning transit-oriented housing near Kissimmee SunRail station

    Developer planning transit-oriented housing near Kissimmee SunRail station

    Altamonte Springs-based Wendover Housing Partners has filed plans to build a $38 million transit-friendly apartment complex on the site of a former concrete plant less than a block from the Kissimmee SunRail station. Wendover has filed a conditional use site plan seeking approvals for a 206-unit...

  • New York developer planning 700+ apartments on Osceola-Polk Line Road

    New York developer planning 700+ apartments on Osceola-Polk Line Road

    New York-based Sovereign Properties has a purchase contract for a 92-acre entitled Planned Development in the heart of the Reunion-ChampionsGate submarket.  It would be the company's entry into the Central Florida market. "We've been looking to get into that area for a while," Sovereign Vice President...

  • Magnolia hotel design sails through Orlando ARB courtesy review

    Magnolia hotel design sails through Orlando ARB courtesy review

    Maybe it was the lecture from Planning Director Dean Grandin at the start of the meeting, or the design tweaks by Baker Barrios, but in either case a planned 19-story mixed-use tower sailed through Orlando's Appearance Review Committee with only minor comments. Grandin told the ARB members they...

  • Epoch Residential gears up for construction on new Kissimmee apartments

    Epoch Residential gears up for construction on new Kissimmee apartments

    Winter Park-based Epoch Residential will break ground in the next 30 days on the a pair of multifamily communities totaling 448 units in Kissimmee's LOOP submarket. The luxury multifamily developer closed last week on 74 acres in the Flora Ridge Mixed-Use PUD, east of Dyer Boulevard and about a...

  • Osceola County considering a major increase to its already high impact fees

    Osceola County considering a major increase to its already high impact fees

    Osceola County is considering a nearly $1,400 per home Park Impact Fee increase in March to what is already the highest combined impact fees in Florida. Last year the county virtually doubled its mobility fees across the board, while school impact fees also jumped -- particularly for new apartment...

  • Banner breaks ground on downtown Orlando's newest apartment tower

    Banner breaks ground on downtown Orlando's newest apartment tower

    Construction is now underway on Downtown Orlando's next luxury apartment tower overlooking Lake Eola, and developer Banner Real Estate Group expects to be able to deliver the first units in late 2020. "We've got all our permits and and crews fully mobilized today," Banner's development director,...

  • Intram Investments sells another 40+ acres in Sunrise City to apartment developer

    Intram Investments sells another 40+ acres in Sunrise City to apartment developer

    Integra Land Company, which is wrapping up construction of a 300-unit class A apartment complex at Sunrise City, exercised its option to buy another 41 acres in the community. The Lake Mary developer paid $12.95 million for the land, which closes out the majority of the mixed-use project. The land...

  • Condemned Sola at Celebration apartments to open again under new name

    Condemned Sola at Celebration apartments to open again under new name

    The recent owners of the condemned Sola at Celebration multifamily community are drawing up plans to breathe new life into the vacated apartments. For one, Cohen Goldstein Investment Strategies is changing the community’s name to Astoria at Celebration, spokesman Bruce Beck confirmed. In an off-market...

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  • Condemned apartment complex in Celebration fetches $43M

    Condemned apartment complex in Celebration fetches $43M

    A Woodland Hills, California-based investment firm just paid $43 million for the Sola at Celebration apartments — a condemned multifamily community at the center of litigation between developer Hines and its previous owner Southstar Capital Group.  With 306 units, Cohen Goldstein Investment Strategies...

  • Deal for $20M sports complex on W192 falls through, land back on market

    Deal for $20M sports complex on W192 falls through, land back on market

    The developer of a proposed sports complex on Osceola's W192 tourism corridor couldn't close the deal despite a $20 million commitment from the county, officials confirmed to GrowthSpotter. That leaves the county without a replacement site for its softball complex in Kissimmee, which Commissioners...

  • International developer buys, rezones land near Margaritaville

    International developer buys, rezones land near Margaritaville

    Global developer Sternon Worldwide paid $1.1 million this month for 12.6 acres on the W192 tourism corridor, near Margaritaville Resort, and is still formulating a development plan for the site. The land is on Lake Wilson and includes 6.3 acres of upland property. It has a driveway access to W192...

  • Bainbridge tapped by master planner to build more apartments near Lake Nona

    Bainbridge tapped by master planner to build more apartments near Lake Nona

    Investor Abdulrahman Al Helayel has tapped The Bainbridge Companies to develop the multifamily portion of Narcoossee Cove I, a long-time planned mixed-use project on Lake Whippoorwill, just east of Lake Nona.  According to a Specific Parcel Master Plan (SPMP) filed with the city of Orlando, Al...

  • Developer wants to reboot failed Nona-area medical park

    Developer wants to reboot failed Nona-area medical park

    Tampa-based Onicx Construction is ready to reboot a failed medical office park as a mixed-use development at the northwest quadrant of the Moss Park Road interchange with S.R. 417/Central Florida Greeneway. Onicx has filed a Specific Parcel Master Plan with the city of Orlando to revise the Planned...

  • TruAmerica pays $64M for Island Club Apartments near Valencia College

    TruAmerica pays $64M for Island Club Apartments near Valencia College

    Another apartment complex in the greater Orlando area has been picked up by TruAmerica Multifamily.  According a deed recorded Monday in Orange County, TruAmerica paid $64 million for a 472-unit multifamily community at 1401 Kirkman Rd., called Island Club Apartments. The Los Angeles-based investment...

  • Dezer files new plans for apartment complex on Artegon property

    Dezer files new plans for apartment complex on Artegon property

    The Miami billionaire-owner of the former Artegon Marketplace has filed new plans with the city seeking approvals for multifamily development on a portion of the 104-acre site. Dezer Development filed a new Framework Master Plan and Specific Parcel Master Plan this month looking to convert and...

  • Apartment developer pays $25 million for 45 acres in Intram's Sunrise City

    Apartment developer pays $25 million for 45 acres in Intram's Sunrise City

    The same company that built the Solstice Signature luxury apartments in Orlando's tourism corridor paid $25 million on Wednesday for 45-plus acres just over the county line in Osceola's Sunrise City. An affiliate of Northwood Ravin and Tampa-based Framework Group purchased the undeveloped land...

  • Modera Central developer to build apartments in Creative Village

    Modera Central developer to build apartments in Creative Village

    The Dallas-based developer that recently completed downtown Orlando's Modera Central luxury apartment tower has filed a Master Plan for a new Modera-branded project in Creative Village. Mill Creek Residential Trust is planning a 10-story mixed-use building and parking garage with 292 apartments...

  • An issue of school portables blocks Horizon West’s free-wheeling development

    An issue of school portables blocks Horizon West’s free-wheeling development

    A dispute over school capacity and portables in Horizon West is panning out to be a cumbersome moment for developers with pending projects. Over the past couple of years the region has been feeling the squeeze of its own rapid growth and building new schools to relieve existing ones that are packed...

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  • Longleaf developer teams up with Unicorp for phase two of its $110M project

    Longleaf developer teams up with Unicorp for phase two of its $110M project

    Orlando-based Project Finance & Development has teamed up with Chuck Whittall's Unicorp National Developments Inc. for phase two of its $110 million mixed-use Longleaf at Oakland project. Plans for the second phase call for 364 units consisting of 280 apartments and 84 adult-only apartments, which...

  • Massachusetts investors drops $23.7M for Mount Dora apartments

    Massachusetts investors drops $23.7M for Mount Dora apartments

    A Massachusetts-based company recently paid $23.75 million for an apartment community just west of the designated Wolf Branch Innovation District in Mount Dora.  According to a deed filed in Lake County, the Veranda Apartment complex at 155 Veranda Way was bought by an affiliate of the Deancurt...

  • Fort Myers equity firm planning downtown hotel with penthouse condos

    Fort Myers equity firm planning downtown hotel with penthouse condos

    Fort Myers-based Conor Acquisitions has filed plans with the City of Orlando for a new, 19-story mixed-use tower downtown that would be anchored by a 256-key Radisson Blu luxury hotel. Radisson launched the "upper upscale" Blu brand in Europe, Asia and the Middle East, and has more than 300 hotels...

  • Winter Park developer draws up plans for new apartment complex in Horizon West

    Winter Park developer draws up plans for new apartment complex in Horizon West

    A partnership between Hewitt Properties Commercial and C&R Land Development just submitted a site plan for a portion of land in Winter Garden's Horizon West Village H that accommodates up to 284 multifamily units.  According to a Development Plan (DP) filed with the county, the partners are seeking...

  • Tampa developer to build $65M luxury apartments in Kissimmee's Sunrise City

    Tampa developer to build $65M luxury apartments in Kissimmee's Sunrise City

    Tampa-based Sembler Investments has filed construction plans for a 340-unit apartment complex in the Sunrise City mixed-use district in Kissimmee's tourism corridor. This would be the second multifamily community in Sunrise City, following the completion in 2018 of Integra's Sunrise Parc.   Sembler's...

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  • Bluerock pays $65M for apartments in ChampionsGate Village

    Bluerock pays $65M for apartments in ChampionsGate Village

    New York-based Bluerock Real Estate paid $65 million this week to buy The Gate apartments in downtown ChampionsGate village. The Class-A, 308-unit complex was built in 2017 by Investors Realty. Chris Fiscelli, Bluerock's director of investment research, told GrowthSpotter the 5-story, urban-style...

  • Landmark plans off-campus student housing near UCF

    Landmark plans off-campus student housing near UCF

    The nation's largest developer of student housing has filed a Land Use Plan with Orange County to redevelop the Burlington Coat Factory property near the University of Central Florida main campus. Athens, Georgia-based Landmark Properties is seeking to rezone the 12.3-acre parcel at 12151 E. Colonial...

  • Developer plans to demo Universal Boulevard shopping center for apartments

    Developer plans to demo Universal Boulevard shopping center for apartments

    A California-based multifamily housing developer has filed plans to convert a largely dormant shopping plaza in southwest Orlando into the 399-unit Republic Square Apartments. Legacy Partners Residential has applied with the city’s planning division to construct five buildings of four stories each...

  • New developer takes over $50M apartment project on Lake Ivanhoe

    New developer takes over $50M apartment project on Lake Ivanhoe

    Orlando-based design-build company FINFROCK and developer One Eleven Residential will break ground in March on the $50 million luxury apartment building in Ivanhoe Village now simply known as the Lake House Apartments. The 9-story tower across from Lake Ivanhoe will feature 252 units above 34,900...

  • Dr. Phillips unveils development plan for NE quarter of Packing District

    Dr. Phillips unveils development plan for NE quarter of Packing District

    Dr. Phillips Charities is prepping for construction to start this year on multiple projects within the 202-acre mixed-use Packing District in west Orlando, with delivery of the first residential and commercial spaces in 2020. Dr. Phillips President Ken Robinson shared the latest conceptual renderings...

  • Continental Properties eyes Posner Park for 302-unit apartment complex

    Continental Properties eyes Posner Park for 302-unit apartment complex

    Wisconsin-based Continental Properties is eyeing Posner Park at the U.S. 27-Interstate 4 interchange for its second Springs apartment complex in the Orlando area. While the site isn't under contract, the developer is scheduled for a pre-application meeting with Polk County's Development Review...

  • New apartment complexes planned in Four Corners, Alafaya

    New apartment complexes planned in Four Corners, Alafaya

    A pair of developers have filed preliminary plans for new apartment complexes on opposite ends of Orange County.  Documents filed Dec. 17 with Orange County indicate plans are in the works for a new apartment complex with 250 units along the Stoneybrook East Golf Club east of Orlando. Eden Multifamily...

  • Michigan-based McKinley pays $45.5M for Winter Park apartment complex

    Michigan-based McKinley pays $45.5M for Winter Park apartment complex

    Sapphire Winter Park Apartments, a 348-unit garden apartment community, became the fourth Winter Park property to be acquired by Ann Arbor, Mich.-based McKinley Companies . Using affiliates Sapphire Apartments, I and II LLC, McKinley paid $45.5 million for the apartments located at 1743 Semoran...

  • Downtown apartment tower approved despite objections over height, retail

    Downtown apartment tower approved despite objections over height, retail

    Calling a 10-story apartment building with less than 4,000 square feet of ground-floor retail a "lost opportunity" for downtown, Orlando's Municipal Planning Board on Tuesday reluctantly approved a zoning change for the project on the lot immediately south of Bank of America tower. The vote followed...

  • City staff recommends approval for downtown apartments on Diocese land

    City staff recommends approval for downtown apartments on Diocese land

    Orlando's planning staff is recommending conditional approval for a new 10-story downtown apartment tower after the developer agreed to add retail space on the ground floor. Tennessee-based Mid America Apartment Communities (MAA) is under contract for a 2-acre corner lot at 336 N. Orange Ave.,...

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  • Cassidy Homes planning new townhouse community on U.S. 27 corridor

    Cassidy Homes planning new townhouse community on U.S. 27 corridor

    A Winter Haven developer is seeking county approval for 346-unit townhouse community on Polk County's U.S. 27 corridor, across from Heart of Florida Regional Medical Center. Cassidy Organization spent much of the last year and $1.36 million to assemble the 34.5 acres between Florida Development...

  • Developer pays $4.5M for entitled multifamily site next to NeoCity

    Developer pays $4.5M for entitled multifamily site next to NeoCity

    A local developer and its Boston-based financing partner paid $4.485 million this week for the 16-acre site entitled for a luxury apartment complex next to Osceola County's NeoCity tech district. Investors Realty teamed up with Panther Residential Management for the 292-unit Neo Square apartment...

  • Tavistock planning its biggest apartment project to date in Lake Nona

    Tavistock planning its biggest apartment project to date in Lake Nona

    New documents filed in Orlando by the Tavistock Development Co. describe the firm’s latest multifamily housing project to be built within a 158-acre, mixed-use district in Lake Nona. The yet-to-be-named 11-story apartment building will contain 450 units in various configurations sized from 646...

  • California real estate conglomerate scoops up 144 condos in Metrowest

    California real estate conglomerate scoops up 144 condos in Metrowest

    San Diego-based Pacifica Companies, a $3 billion real estate conglomerate, paid $15.1 million last week for 144 condo units in MetroWest's Palms Club Orlando. Located at the intersection of S. Kirkman Road and Arnold Palmer Drive, Palms Club is a luxury, gated community of 460 units. Pacifica's...

  • Park Square Homes planning its second Neo mixed-use project in Four Corners

    Park Square Homes planning its second Neo mixed-use project in Four Corners

    Park Square Homes is prepping its second "Neo" branded mixed-use development on a 27-acre parcel in the heart of the Four Corners submarket. Senior Project Manager Robert Mick and his development team are scheduled to meet with Polk County's Development Review Committee this week to discuss preliminary...

  • Starlight U.S. Multifamily pays $75.3M for Kissimmee apartment complex

    Starlight U.S. Multifamily pays $75.3M for Kissimmee apartment complex

    Toronto-based real estate investment firm Starlight U.S. Multifamily paid $75.3 million just before Thanksgiving for its fifth asset in the Greater Orlando market, buying the 356-unit Altis Shingle Creek apartments in Kissimmee. This is the firm's third acquisition of an "Altis" branded property....

  • Texas developer files plans for first residential project in The Packing District

    Texas developer files plans for first residential project in The Packing District

    San Antonio-based Embrey Partners has filed a proposed Master Plan with the City of Orlando to build a 310-unit urban midrise apartment building in the heart of The Packing District. Embrey has a long history in the Orlando market, having developed approximately 5,000 units here in past development...

  • SunTrust backs Creative Village apartments with $66M loan

    SunTrust backs Creative Village apartments with $66M loan

    SunTrust Robinson Humphrey has backed the first Class A, market-rate apartment building in Creative Village to the tune of $66 million. Co-developers Ustler Development and The Allen Morris Company have already started construction on the 14-story, $108 million building at the corner of Amelia...

  • Texas investor expands Orlando portfolio with $78M apartment buy

    Texas investor expands Orlando portfolio with $78M apartment buy

    After entering the Orlando market in September, Texas-based S2 Capital expanded its multifamily portfolio this month with another 760 class B apartment units in the Millenia submarket. The two latest acquisitions bring the company close to the halfway point of its stated goal to own 5,000 units...

  • New York multifamily firm pays $44 million to expand Orlando-area portfolio

    New York multifamily firm pays $44 million to expand Orlando-area portfolio

    Affiliates of New York-based White Eagle Property Group paid $44 million this week for the 300-unit City West apartments on Kirkman Road near Universal Studios. The acquisition adds to White Eagle's already-substantial portfolio in greater Orlando. The firm, which targets Class A and B assets with...

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  • Apartments on Casselberry’s Lake Howell to meet city’s need for ‘more rooftops’

    Apartments on Casselberry’s Lake Howell to meet city’s need for ‘more rooftops’

    Casselberry leaders are hailing a proposed luxury apartment complex as a first step toward boosting the local tax base and attracting residents with more disposable income to the small Seminole County city. The complex, Azul at Lake Howell, will consist of 384 units on 29.6 acres south of Red Bug...

  • City staff, board wowed by new design for Zoi House skyscraper in downtown Orlando

    City staff, board wowed by new design for Zoi House skyscraper in downtown Orlando

    Exciting. Gracious. Magnetic.  Those were just a few of the words members of Orlando's Appearance Review Board (ARB) and staff used to describe the latest design for the 41-story Zoi House, proposed to be the city's tallest skyscraper. Miami-based MEC Development Associates  and their team from ...

  • Apartments at Clermont site required second thought by developer

    Apartments at Clermont site required second thought by developer

    The Lofts at South Lake multifamily development in Clermont, which is set for completion in the first quarter of next year, brought opportunity to developer Inland Atlantic Development Corp. in a place where it had originally looked the other way. When the previous owner of the land originally...

  • Orlando seeking bids to redevelop Clear Lake multifamily site

    Orlando seeking bids to redevelop Clear Lake multifamily site

    The City of Orlando is offering nearly 5 acres for sale just south of Camping World Stadium to the right developer who will build mixed-income housing in downtown's Clear Lake neighborhood. "I think the market is pretty ripe for moving development forward on this site," Orlando's Director of Economic...

  • Horizon West founder files plans for 700 more homes

    Horizon West founder files plans for 700 more homes

    Horizon West founder Jim Karr has filed a rezoning application for a new Planned Development that would add a combined 700 homes and apartments plus retail uses to the community's Village I. The Karr Planned Development comprises 134 acres north of Hartzog Road and east of Avalon Road. It's currently...

  • Orlando staff recommends hybrid design with living wall for X Orlando tower

    Orlando staff recommends hybrid design with living wall for X Orlando tower

    Orlando's Appearance Review Board (ARB) staff wants yet another design change for the proposed X Orlando as the developer seeks approval for the next two phases of the largest residential building ever proposed for downtown Orlando. The city's ARB and Municipal Planning Board have already approved...

  • UPDATED: Blighted Groveland motels to be converted to apartments

    UPDATED: Blighted Groveland motels to be converted to apartments

    A South Florida developer is planning to convert two blighted motels in Groveland into an apartment complex called "Milestone Hills." Groveland Property Investment, affiliate of Miami developer Martin F. Ugarte and CRE broker Santiago Silva, paid $3.5 million last week for the the former Clermont...

  • Goal for Ovation in Horizon West: Establish continuity for builders

    Goal for Ovation in Horizon West: Establish continuity for builders

    With a vision for continuity and the land to make it happen, Columnar Investments is bringing more than 4,000 homes and approximately 300,000 square feet of commercial in the Ovation community in Horizon West’s Village I to market with a master-planned feel. “At Ovation, we wanted it to seem a...

  • Flournoy Partners secures financing for new Universal Boulevard apartments

    Flournoy Partners secures financing for new Universal Boulevard apartments

    With the financing in place for a new luxury apartment complex on Universal Drive, Flournoy Partners has begun sitework and expects to deliver the first units in late 2019. "We intend for this to be a best-in-class asset with an outstanding resort pool and amenities," President Jake Flournoy told...

  • Contravest to build new Addison-branded complex near airport

    Contravest to build new Addison-branded complex near airport

    Altamonte Springs-based ContraVest has signed on as a JV partner with the owner of 64 acres north of Orlando International Airport and plans to build up to three new apartment complexes there. Hollywood-based shopping center developer JBL Asset Management bought the "Orlando Gateway" property,...

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  • Plans emerge for next phase of Hamlin apartments by Boyd affiliate

    Plans emerge for next phase of Hamlin apartments by Boyd affiliate

    An affiliate of Boyd Development has filed plans with South Florida Water Management District to build 250 multifamily units off New Independence Parkway in the Hamlin area of Horizon West, on land that it bought in July 2017.  The Lodge at Hamlin would stand along the shores of Lake Hartley north...

  • Developer refines design for planned downtown apartment tower

    Developer refines design for planned downtown apartment tower

    Tennessee-based Mid America Apartment Communities (MAA) has added a 10th floor and tweaked the design for a proposed 327-unit apartment tower just south of the Bank of America tower in downtown Orlando. The initial Master Plan (MP) filed in August was for nine stories. Adding a 10th floor means...

  • Unicorp's Whittall talks retail plans, apartment community at O-Town West

    Unicorp's Whittall talks retail plans, apartment community at O-Town West

    Unicorp National Developments has filed the first of what will be several new conceptual plans for the massive O-Town West mixed-use development. Unicorp CEO Chuck Whittall told GrowthSpotter he's planning a variety of high-end apartment types that would be constructed over multiple phases. The...

  • Trammell Crow prepping second apartment complex on church-owned land

    Trammell Crow prepping second apartment complex on church-owned land

    With construction well underway at its Alexan North End apartments, Trammell Crow Residential is prepping for the next phase of the community to be built on the Calvary Assembly of God property just north of Downtown Orlando. The Atlanta-based developer filed a Specific Parcel Master Plan (SPMP)...

  • Unicorp plans concurrent construction, leasing of nearby but separate O-Town projects

    Unicorp plans concurrent construction, leasing of nearby but separate O-Town projects

    With land under contract for a second project about a mile west of his O-Town West mixed-use development, which is planned along Interstate 4 south of Sand Lake Road, Unicorp National Developments CEO Chuck Whittall says one thing that isn’t on the table is a business he would launch himself as...

  • Apartments near Semoran, Curry Ford sell for $47.95M to Boston-based investor

    Apartments near Semoran, Curry Ford sell for $47.95M to Boston-based investor

    The 296-unit Canopy Apartment Villas multifamily complex has sold for a recorded $47.95 million to an affiliate of Boston-based Taurus Investment Holdings. Located at 5762 Folkstone Lane east of Semoran Boulevard and south of Curry Ford Road, the property features 56 one- and two-story buildings...

  • Plan seeks 800-plus homes, more at Gem Groves site in Horizon West

    Plan seeks 800-plus homes, more at Gem Groves site in Horizon West

    A joint-venture applicant has filed plans for 485 single-family homes and 370 multifamily units as well as commercial sites on approximately 258 acres near Avalon Road and Flemings Road at the Gem Groves property in west Orange County. A planned-development and land-use plan filed with the county...

  • 150-plus townhomes planned near commercial, industrial areas of Sanford

    150-plus townhomes planned near commercial, industrial areas of Sanford

    M/I Homes has started site development on a new 155-townhome development on South White Cedar Road in Sanford.  The development, called White Cedar, is located on 19.26 acres just north of State Road 46 (West First Street). M/I Homes purchased the three parcels that make up the site in May for $2.9...

  • Disney-intern housing proposal totals $615M, 75-year land lease on table

    Disney-intern housing proposal totals $615M, 75-year land lease on table

    A proposal for new student housing and education space for Disney’s College Program and other intern programs on two parcels at Flamingo Crossings Town Center details more than $615 million worth of development by Texas-based real estate investment trust American Campus Communities. The land south...

  • Integra closes on 15 acres in DeBary as The Junction takes shape

    Integra closes on 15 acres in DeBary as The Junction takes shape

    An affiliate of Integra Land Co. has closed on approximately 15 acres where it has planned 289 multifamily units near the SunRail station in DeBary, as an Integra executive told GrowthSpotter on Friday that construction is expected to begin in about 30 days and long-term financing is in place. ...

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  • Growing mixed-use plans for key Seminole parcel move along to state

    Growing mixed-use plans for key Seminole parcel move along to state

    Palmeira Holdings’ plans for a large-scale development at the 110-acre site in Seminole County known as Reagan Center – and now referred to as Parkside Place – have grown, and have passed an initial vote from county commissioners. “The density we have requested got approved ... without that density,...

  • D.R. Horton begins planning commercial, multifamily parcels at Waterleigh

    D.R. Horton begins planning commercial, multifamily parcels at Waterleigh

    D.R. Horton has filed plans with Orange County for a mix of 383 multifamily residential units along with commercial and office buildings on a 38-acre parcel at the southwest corner where Flamingo Crossing Blvd. and Avalon Road intersect in Horizon West. Commercial space could total 125,000 square...

  • Park Square redesigns, renames Kissimmee apartment complex near NeoCity

    Park Square redesigns, renames Kissimmee apartment complex near NeoCity

    Park Square Homes has redesigned and renamed its proposed apartment complex next to the Valencia College Osceola Campus in Kissimmee.  Senior Project Manager Robert Mick and his development team met Tuesday with the city's Development Review Committee to review the new site plan, which adds density...

  • Local developer targeting Osceola for new apartment communities

    Local developer targeting Osceola for new apartment communities

    Orlando-based Elevation Development is eyeing a pair of sites in the Kissimmee submarket for new apartment communities, but they may have to tweak their plans before submitting any formal applications, county planners said. Elevation Principal Shaman Foradi met last week with Osceola's Development...

  • Volusia developer Henin Group plans 160 townhomes on Sanford artery

    Volusia developer Henin Group plans 160 townhomes on Sanford artery

    Jerome Henin, developer of the Mediterranean-themed Riviera Bella community in DeBary, wants to build something less pricey in Sanford that will appeal to the middle-of-the-road buyer.  Henin, principal at the Henin Group, said new housing stock coming on line is too expensive for many potential...

  • Litigation, construction needs push Southstar to list condemned apartments

    Litigation, construction needs push Southstar to list condemned apartments

    When Southstar Capital Group spent $67 million on a 306-unit multifamily development and renamed it Sola at Celebration in 2016, they did so, says President and Chief Financial Officer Gina Williams, “at a top price, because we were confident in the Celebration market.” That assessment of the sector...

  • Tupperware expects flurry of sales around Kissimmee campus in coming months

    Tupperware expects flurry of sales around Kissimmee campus in coming months

    Tupperware's Deerfield Land Development has sold its fourth multifamily site to Fore Property Company and expects a flurry of other land closings before the end of the year, a lead executive said. Fore paid $2.6 million for the 7-acre site at the intersection of Ball Park Road and Batts Street,...

  • New downtown tower next to Orange County Courthouse would be city's tallest

    New downtown tower next to Orange County Courthouse would be city's tallest

    A proposed 450-foot mixed-use tower next to downtown Orlando's Orange County Courthouse could be the city's tallest. Miami-based MEC Development Associates filed a Master Plan (MP) with the city for its second "Zoi House" tower project at the southeast corner of N. Orange Avenue and E. Livingston...

  • Camden purchases 420 East apartments for $89M-plus from developer Jefferson

    Camden purchases 420 East apartments for $89M-plus from developer Jefferson

    A Church Street apartment building has changed hands for $89.275 million today, according to seller Jefferson Apartment Group, which continues to look for new opportunities in Metro Orlando as well according to a company official. The 299-unit 420 East complex, nine stories high with 7,200 square...

  • Multifamily, hotel entitlements sought for South I-Drive property

    Multifamily, hotel entitlements sought for South I-Drive property

    The owner of the Caribe Royale resort is looking to add entitlements for 341 multifamily housing units, 300 hotel rooms and 100,000 square feet of commercial space to property it owns along South International Drive and State Road 536 in Orange County. Owner and developer Sierra Land Group, Inc....

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  • Company that built condemned Celebration apartments files for Chapter 11

    Company that built condemned Celebration apartments files for Chapter 11

    The construction company that built a luxury apartment complex in Celebration that was condemned a year after completion has now filed for Chapter 11 bankruptcy protection in the Southern District of Texas. Urban Oaks Builders, a wholly-owned subsidiary of Texas-based Hines, announced the filing...

  • Solis at Winter Park joins TruAmerica's growing Central Florida apartment holdings

    Solis at Winter Park joins TruAmerica's growing Central Florida apartment holdings

    The Solis at Winter Park apartment complex along Goldenrod Road has sold for $79 million, with buyer TruAmerica Multifamily looking for more properties that fits its criteria in Orlando, Senior Managing Director Matthew Ferrari told GrowthSpotter on Tuesday. Having picked up five other properties...

  • S2 Capital enters Orlando market with portfolio deal for apartments

    S2 Capital enters Orlando market with portfolio deal for apartments

    Texas-based S2 Capital has its eye on owning 5,000 apartments in Metro Orlando after making its entry by purchasing more than 1,600 apartments east of the Millenia area for a total of $124.5 million. The sale includes Grandview Pointe on Americana Boulevard and Lake View Pointe on Rio Grande Avenue...

  • Altamonte developer seeks approval for high-end condos in Maitland

    Altamonte developer seeks approval for high-end condos in Maitland

    Altamonte Springs-based ERM Development Corp. wants to build a 50-unit luxury, lakefront condominium community in Maitland that will appeal to well-off empty nesters. ERM president and owner Eli Melamed told GrowthSpotter the proposed condos at 473 S. Keller Road will be approximately 2,100 square...

  • Millenia Lakes developer plans amenity-rich apartment community near mall

    Millenia Lakes developer plans amenity-rich apartment community near mall

    Just weeks after divesting of two Millenia Lakes office buildings, a Chicago-based investment firm will go to Orlando's Municipal Planning Board seeking approval to build 323 luxury apartments just across the lake. Barings Real Estate Advisers and a development partner, American Land Ventures (ALV),...

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