BTI Partners wants to amend Land Use Plans on a lot across from its Grove Resort & Water Park to allow for multifamily and short-term rental units.
Located on the southeast corner of Avalon Road and Hartzog Road, the 37.8-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, BTI chief operating officer Kevin Mays told GrowthSpotter.
“The suites will be similar to those at the Grove Resort,” Mays said, meaning the units can be placed into a hotel program. Within its desired LUP, length of stay should not exceed 179 consecutive days.
Without disclosing the name of the developer, Mays said the company has an interested buyer in line for the multifamily portion. That deal is expected to close by the third quarter of next year, he said.
Plans call for up to 300 apartments and 300 short-term rental units. Evans Engineering is the engineer behind the project.
The property at 14405 Hartzog Rd. is made up of multiple parcels that are owned by an affiliate of Connecticut-based Westport Capital Partners, which has been an investment partner with BTI on local real estate in the past.
Last year, GrowthSpotter reported on plans to potentially build more than 200 vacation rental townhomes and supporting retail on the site, but the firm re-evaluated those plans.
Across from the property, on the northwest corner of Avalon Road and Grove Blossom Way, BTI has actively been renovating and expanding its Grove Resort & Water Park.
It’s currently looking to develop a little more than five acres of land just north of the resort that will bring an additional 160 multi-bedroom, kitchen-equipped suites within a new condo-hotel building.
The addition pushes the total unit count of Grove Resort & Water Park to 1,038.
Since taking control of the property, BTI has added a Flip Flop’s Family Fun Center arcade room and a seven-acre water park. The property sits less than four miles from Walt Disney World’s western gate.
BTI specializes in developing large, master-planned communities.
In Osceola County, it’s under contract for some 1,400 acres within the Edgewater mixed-use district where plans call for 6,148 new residential units spread among seven neighborhoods and an urban center with nearly three million square feet of office and commercial uses.
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