The Brazilian investors who paid $1.2 million in 2017 for a pair of condo tower pads on Lake Fairview are now prepping for construction of final 110 units in the Fairview Grande development.
The Fairview Grande condominium complex was started in 2006. It was designed to have three mid-rise condo buildings, but development stalled after the first building and amenities were completed. The gated community has a pool and clubhouse as well as a private boat ramp and community boat dock with multiple slips.
The second and third buildings are designed to have 50 and 60 units, respectively. All of the condos will have three bedrooms and two bathrooms, rather than the earlier mix of two- and three-bedroom units.
"Our clients are not planning to do anything extravagant there, just to finish what was started with Fairview Grande 10 years ago," broker Denio Abreu previously told GrowthSpotter. His Orlando-based NewImob Realty Corp. advises foreign investors on commercial and residential investments in the United States.
Florida Engineering Groupcompletes the development team. FEG filed construction permits in late April with the St. Johns River Water Management District
The former industrial site is just south of the popular Grills Lakeside restaurant, which opened in 2018.