Seminole County Developments

  • Local builder partners with Chilean firm for trio of townhouse developments

    Local builder partners with Chilean firm for trio of townhouse developments

    Bellavista Building Group has formed a partnership with a Chilean investment firm FFB Properties to launch three new townhome communities in the Orlando market this year. Bellavista CEO Aldo Martin told GrowthSpotter the partnership almost didn't happen. The investors debated whether to take the...

  • CBRE Global and Fairbourne Properties buy Sanford shopping center for $55.7 M

    CBRE Global and Fairbourne Properties buy Sanford shopping center for $55.7 M

    A partnership of CBRE Global Investors and Chicago-based Fairbourne Properties recently purchased the Marketplace at Seminole Towne Center for $55.7 million, according to a deed recorded Jan. 3 in Seminole County. The 14-building, 482,520-square-foot power center is located on 45.9 acres at 1771...

  • Park Square Homes firms up plans for new hotel construction in Seminole County

    Park Square Homes firms up plans for new hotel construction in Seminole County

    Park Square Homes, led by father-and-son team Suresh and Vishaal Gupta, is in the approval process to build a WoodSpring Suites Hotel on Hickman Drive near Sanford. Vishaal Gupta told GrowthSpotter Park Square is awaiting building permits to construct the 123-room, extended stay hotel at 133 Hickman...

  • Gladstone Commercial pays $18.5M for Lake Mary office building

    Gladstone Commercial pays $18.5M for Lake Mary office building

    Gladstone Commercial, a McLean, Virginia-based REIT, purchased a three-story office building on Lake Mary’s International Business Center Drive for $18.5 million, according to a deed signed Dec. 27 and recorded Thursday in Seminole County. The 87,080-square-foot building is 100 percent leased to...

  • Seminole’s largest mixed-use project promises sustainability, transit options

    Seminole’s largest mixed-use project promises sustainability, transit options

    The developers of Parkside Place, a proposed 110-acre mixed-use development near Sanford, say they want to create a community with ample green space for healthy recreation and transit options that will reduce residents’ reliance on automobiles. Palmeira Holdings, the Toronto-based developer, envisions...

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  • 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...

  • Orlando-based developer expands holdings in Oviedo on the Park

    Orlando-based developer expands holdings in Oviedo on the Park

    Michael Collard Properties has purchased the remaining undeveloped 8.33 acres at the Oviedo on the Park development in downtown Oviedo for a recorded $4.7 million, the company told GrowthSpotter this week. Collard, which already had a deal to develop a food hall on the property, bought the land...

  • Five-building commercial property in Sanford sells for $9.55 million

    Five-building commercial property in Sanford sells for $9.55 million

    Daytona Beach-based Charles Wayne Properties has purchased an 8.49-acre property, Monroe CommerCenter South in Sanford, for $9.55 million, broker CBRE said Thursday. With 116,500 square feet of leasable office and warehouse space, the five-building property benefitted from proximity to Interstate...

  • Home-grown tech manufacturer plans 50,000-square-foot plant in Seminole

    Home-grown tech manufacturer plans 50,000-square-foot plant in Seminole

    Central Florida-based OptiGrate Corp. will expand into a new 50,000-square-foot facility called IPG Oviedo Technology Center, bearing the name of the company that purchased the local laser manufacturer and researcher last year.   Last week, IPG Photonics Corp. submitted a pre-application and site...

  • Mixed-use commercial development planned on 10 acres in Sanford

    Mixed-use commercial development planned on 10 acres in Sanford

    Years of waiting are finally paying off for developer and plumbing contractor Robert Maksimowicz in his quest to assemble and develop 10 acres on Sanford’s West First Street.  From one small 0.54 acres parcel he bought in 2005, Maksimowicz was able to assemble just over 10 acres with four additional...

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  • PF&D’s Saathoff planning 34-acre residential, commercial development in Sanford

    PF&D’s Saathoff planning 34-acre residential, commercial development in Sanford

    Orlando developer Dwight Saathoff is planning a $45 million mixed-use development in Sanford that will include 176 homes along with retail and commercial businesses.  Saathoff, a principal in Project Finance & Development LLC, is asking Sanford officials for a land-use change from industrial to...

  • Toll Brothers plans single-family homes in Seminole

    Toll Brothers plans single-family homes in Seminole

    Toll Brothers told Growthspotter on Wednesday the builder is planning 70 single-family homes east of Lake Mary, set to open for sale early next year. “It’s the first time we’ve been in Seminole County in almost eight years,” said Brock Fanning, Senior Vice President of Toll Brothers’ Central Florida...

  • Hickman Enterprises contemplates separate industrial, commercial projects in Seminole

    Hickman Enterprises contemplates separate industrial, commercial projects in Seminole

    Hickman Enterprises, a small boutique development company based in Winter Park, has two separate projects on the drawing board in Seminole County. The company, headed by president Andre Hickman, has submitted a site plan to the county for two office/warehouse structures in the family-owned I-4...

  • Equinox files lone proposal to redevelop Altamonte Springs City Hall complex

    Equinox files lone proposal to redevelop Altamonte Springs City Hall complex

    Maitland-based Equinox Development Properties made the lone proposal this week to redevelop the City of Altamonte Springs's City Hall and municipal complex property, bringing a team experienced in luxury multifamily and placemaking to the project.  City staff opened the proposal submission on Wednesday,...

  • Casselberry seeks design services team to lead new Public Works complex project

    Casselberry seeks design services team to lead new Public Works complex project

    The City of Casselberry is seeking proposals from architecture and civil engineering firms to lead turnkey design services for the demolition and reconstruction of its Public Works Department Complex, according to a State of Qualifications (SOQ) issued on Thursday. The design services contract...

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  • M/I Homes buys land for new high-end housing development near Oviedo

    M/I Homes buys land for new high-end housing development near Oviedo

    M/I Homes bought 35.54 acres earlier this month in Seminole County near Oviedo for its next high-end, single-family residential development. The national builder paid a total of $8.74 million to nine landowners for 10 parcels in the southeast quadrant of Simmons Road and Hideaway Cove, according...

  • TerraCap sells Class A office building in Maitland for $28M

    TerraCap sells Class A office building in Maitland for $28M

    A week after buying two office buildings near the University of Central Florida, TerraCap Management has sold one of its office assets in Maitland for $27.9 million. The Keller Center is a 160,000-square-foot, Class A office building located at 101 Southhall Lane. CBRE’s Ron Rogg and Chip Wooten...

  • Seminole County seeks CEI service firm & architects for future schools

    Seminole County seeks CEI service firm & architects for future schools

    Seminole County is looking to hire consultants to oversee the widening of key roadways and lead the architecture of future schools, according to separate public bid announcements published this week. The Seminole County School Board is seeking architectural firms for a continuing services contract...

  • Local furniture distributor hits stride as CRE investor w/warehouse in Longwood

    Local furniture distributor hits stride as CRE investor w/warehouse in Longwood

    Craig Caswell, founder and owner of Orlando-based Common Sense Office Furniture, has launched a satisfying and profitable sideline in commercial real estate investing. He completed his second local property investment earlier this month, buying the former Fields Motorcars of Florida repair shop...

  • Local auto group to build new dealership, retail space on busy Seminole highway

    Local auto group to build new dealership, retail space on busy Seminole highway

    Orlando auto salesman and general contractor Gary Jensen is planning a 14,000-square-foot commercial building near Sanford to house his Terra Firma Auto Group dealership, with space left over for retail and light-industrial leasing. Jensen paid $500,000 in early May for the 2.65-acre project site...

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  • M/I Homes to target entry-level buyers with new Sanford townhome development

    M/I Homes to target entry-level buyers with new Sanford townhome development

    Targeting entry-level home buyers who want to live near a busy employment center, M/I Homes is planning to break ground this summer on 155 townhomes in Sanford. Dubbed "The Towns at White Cedar," the planned development at 200 White Cedar Road will feature larger townhomes, between 1,669 and 1,846...

  • Road work traffic control supplier to build new warehouse, offices in Seminole

    Road work traffic control supplier to build new warehouse, offices in Seminole

    Tampa-based Traffic Control Products is preparing to build its first company-owned warehouse and offices in Central Florida near Sanford, with an eye on expanding its service to the construction industry. The company, which supplies traffic cones, barriers, highway striping and other products for...

  • Former Pittsburgh furniture magnate spends $60M+ on new Longwood apts

    Former Pittsburgh furniture magnate spends $60M+ on new Longwood apts

    The former owner of a 98-year-old, Pittsburgh-based furniture chain recently plowed some profits from the company's sale into a $60.06 million purchase of Class A apartments in Longwood. Robert Levin, former president of Levin Furniture Co., joined with two investors to buy the 286-unit Alexander...

  • New TOD development booming around some SunRail stations, but Sanford lags

    New TOD development booming around some SunRail stations, but Sanford lags

    SunRail's planned extension to DeLand is still very much up in the air, but that hasn't stalled developer interest around the northernmost station in DeBary. Integra Land Co. expects to break ground this summer on a 289-unit luxury apartment community at the DeBary Town Center, a five-minute walk...

  • International CRE group pays $72M+ for new Casselberry apartments complex

    International CRE group pays $72M+ for new Casselberry apartments complex

    An affiliate of real estate investment management group TH Real Estate paid $72.25 million last week for a new Class A apartments complex in Casselberry, its second local acquisition in the past seven months. The company bought the 336-unit former Bainbridge Casselberry apartments that were built...

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  • Alliance Residential plans new mixed-use apartments site west of Sanford

    Alliance Residential plans new mixed-use apartments site west of Sanford

    National multifamily owner-operator Alliance Residential Company has 17 acres under contract near a highway intersection west of Sanford, with newly-filed plans for Class A apartments and supporting retail.  Located at the southwest corner of International Parkway and S.R. 46 just west of an on-ramp...

  • Out-of-market investors spend $1.5M combined in Sanford industrial park

    Out-of-market investors spend $1.5M combined in Sanford industrial park

    Two industrial properties in different phases of Sanford’s Monroe CommerCenter sold for a combined $1.5 million recently, according to property records and NAI Realvest brokers who represented the sellers in both transactions. Dania Beach-based investor Edward S. Shevchuk, through his company Shevchuk...

  • Altamonte Springs seeks contractor to rebuild segment of Orange Avenue

    Altamonte Springs seeks contractor to rebuild segment of Orange Avenue

    The City of Altamonte Springs is looking to hire a general contractor or utility contractor to lead demolition and new construction of its segment of Orange Avenue, a project estimated at $1.85 million, according to an Invitation to Bid (ITB) issued on Wednesday. The project begins at the western...

  • New fitness firm joins Pennington Development in mixed-use near Oviedo

    New fitness firm joins Pennington Development in mixed-use near Oviedo

    A fitness firm billing itself as the first of its kind will partner with Winter Park-based Pennington Development Group in developing two retail-commercial buidings near Oviedo. BioFit Performance will open its first fitness center in one of the buildings at the southwest corner of S.R. 426 and...

  • Miami investors prep two Seminole County sites for Kiddie Academy, seek more

    Miami investors prep two Seminole County sites for Kiddie Academy, seek more

    Two Miami-area investors plan on building four Kiddie Academy early learning & child development centers in Greater Orlando, one of which has been approved by Seminole County planners and another now under review. Jason Glaser and John Strzalka, based in North Miami Beach, have a build-to-suit...

  • HVAC service company buys property for new headquarters in Sanford

    HVAC service company buys property for new headquarters in Sanford

    Tropical Air of Central Florida, a full-service HVAC installation and repair company, is leaving its long-time home in Longwood to expand with a recently purchased property in Sanford.  The residential and commercial service company, which operated out of leased space in Longwood for about five...

  • Developer brings Sanford Reagan Center land under contract, talks mixed-use vision

    Developer brings Sanford Reagan Center land under contract, talks mixed-use vision

    A new developer with Canadian roots has the former Flea World property in Sanford under contract, and envisions mixed-use for the remaining 110 acres that would feature nature throughout a live/work/play destination.   Located on U.S. 17-92 and Ronald Reagan Boulevard at County Home Road, the "Reagan...

  • TruAmerica buys fifth Orlando-area multifamily asset, may seek more

    TruAmerica buys fifth Orlando-area multifamily asset, may seek more

    Los Angeles-based TruAmerica Multifamily recently paid $49.7 million for its fifth apartment complex in the Greater Orlando market, with another $4 million to follow this year in renovations, a lead executive with the company told GrowthSpotter.  The investment group bought the 368-unit Astor Park...

  • Lake Mary developer drives Sanford mixed-use project on state surplus property

    Lake Mary developer drives Sanford mixed-use project on state surplus property

    A Lake Mary-based developer is leading plans for a small mixed-use project on surplus state property in a fast-growing commerce zone in Sanford. Flagship Companies Group has an 8.6-acre parcel under contract at the northeast corner of the S.R. 417 and Rinehart Road intersection. The 417's northbound...

  • New outparcels prepped for Phase 2 of Oviedo retail center, builder sought

    New outparcels prepped for Phase 2 of Oviedo retail center, builder sought

    Tailwinds Development will be adding a combined 10,000 square feet of new retail this year to a Publix-anchored shopping center in Oviedo, and should begin seeking a builder next month, the company's president told GrowthSpotter.  The Shoppes at Sterling Creek on West C.R. 419 in Oviedo will be...

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  • Local real estate investor plans three small light industrial warehouses in Sanford

    Local real estate investor plans three small light industrial warehouses in Sanford

    Red Lion Properties LLC, a Sanford company that has primarily invested in and renovated residential real estate, is moving into the light industrial sector in a big way. Red Lion plans to build three light industrial-office warehouses at 400 Gordon St. in Sanford, company owner Shanze Lee told...

  • TruAmerica pays $52M+ for Altamonte Springs apts, more value-add sought

    TruAmerica pays $52M+ for Altamonte Springs apts, more value-add sought

    Los Angeles-based TruAmerica Multifamily paid $52.75 million earlier this month for the 362-unit Central Park Apartments in Altamonte Springs. Located at 535 One Center Blvd., the acquisition follows three other apartment communities TruAmerica purchased in Orlando last year. And the company is...

  • Seminole seeks design consultant to judge Five Points Complex P3 proposals

    Seminole seeks design consultant to judge Five Points Complex P3 proposals

    Seminole County is seeking a design consultant to help evaluate the architectural and engineering aspects of redevelopment proposals for the Five Points Operations Complex, according to a $1 million Request for Professional Services (RPS) issued on Friday. The county previously issued a Public-Private...

  • Former Kmart anchor space to be redeveloped at Winter Springs center

    Former Kmart anchor space to be redeveloped at Winter Springs center

    Construction slated to start this month should breathe new life into the Promenade at Tuskawilla shopping center at Red Bug Lake and Tuskawilla roads near Winter Springs. Tuskawilla Park SC, Ltd., a private partnership which owns the 217,000-square-foot center, plans to spend $5 million redeveloping...

  • Seminole County seeks P3 proposals to redevelop, expand Five Points Complex

    Seminole County seeks P3 proposals to redevelop, expand Five Points Complex

    Seminole County is seeking proposals for design and construction of a redeveloped Five Points Operations Complex to consolidate county offices, according to a Public-Private Partnership (P3) bid opportunity issued this week.  The public solicitation effort follows an unsolicited bid and proposal...

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  • Local builder plans new HQ office in Oviedo for 13-acre light industrial park

    Local builder plans new HQ office in Oviedo for 13-acre light industrial park

    Chuluota-based Southern Development & Construction is in the process of building out 13 acres of land in Oviedo for a mixed-use commercial center, with one headquarters relocation already in the works.  To be named Oviedo Commercial Center and located off Connection Point west of S.R. 426, plans...

  • Orlando Health updates plans, long-term expansion for Lake Mary medical complex

    Orlando Health updates plans, long-term expansion for Lake Mary medical complex

    Orlando Health is updating plans for a 30.8-acre medical complex on Rinehart Road in Lake Mary, with a new phased site plan featuring expansion options like a six-story hospital tower which weren't included when the project was announced last May. The first phase of construction now includes two...

  • Seminole Schools seeks CMAR for $2.65M renovation job on 9th Grade Center

    Seminole Schools seeks CMAR for $2.65M renovation job on 9th Grade Center

    Seminole County Public Schools is seeking a Construction Manager at Risk (CMAR) for the renovation and remodeling of Seminole High School's 9th Grade Center, with a budget of $2.65 million, according to a Request for Qualifications (RFQ) issued this week.  Formerly known as Millennium Middle School...

  • Providence One Partners to build new HQ office in Colonial TownPark

    Providence One Partners to build new HQ office in Colonial TownPark

    One of the original developers of Colonial TownPark in Lake Mary has acquired the last vacant parcel and plans to start construction in March on a new 10,000-square-foot office building. Providence One Partners purchased the 0.9-acre lot in August and is awaiting final permit approvals from Seminole...

  • Equinox sells Oviedo Point strip center to Dallas-based investors

    Equinox sells Oviedo Point strip center to Dallas-based investors

    One year after starting vertical construction on a multi-tenant strip center in its Oviedo Point development, Equinox Development Properties has sold the center to Dallas-based Crow Holdings Capital Real Estate. Equinox, through affiliate company Oviedo Point Investors LLC, sold the two-acre shopping...

  • Lincoln Avenue Capital pursues tax-exempt bonds to renovate Sanford apartments

    Lincoln Avenue Capital pursues tax-exempt bonds to renovate Sanford apartments

    New York-based low-income housing developer Lincoln Avenue Capital is pursuing $23.5 million in tax-exempt bonds for rehabilitation of the Logan Heights Apartments in Sanford. Located at 1000 Logan Heights Circle, the 22.2-acre property features 360 multifamily units spread across 15 two-story...

  • Two new hotels fronting Sanford I-4 intersection near county approval

    Two new hotels fronting Sanford I-4 intersection near county approval

    Plans for two new hotels near Sanford that were announced 20 months ago are back on track, according to one of the developers. Local hotelier Jayesh Patel said he is nearing approval from Seminole County to build a 120-room Holiday Inn Express and an 86-room Home2 Suites by Hilton at 4750 West...

  • Local developer buys Lake Mary office park with plans to double footprint

    Local developer buys Lake Mary office park with plans to double footprint

    Lake Mary-based real estate investment and development firm DIX Developments LLC recently paid $1.775 million for the Ciara Creek Executive Centre, with plans to double its size in the next year.  CEO James Dicks said he will spruce up the 1.63-acre office park and its four existing buildings on...

  • Tampa-based investors pay $35M for Lake Mary apartments near SunRail

    Tampa-based investors pay $35M for Lake Mary apartments near SunRail

    Tampa-based Robbins Property Associates recently paid $35.35 million for the 200-unit Station House Apartments, a transit-oriented development built just two years ago in Lake Mary. Robbins purchased the complex from Winter Park-based Epoch Residential, according to a deed signed Nov. 16 and recorded...

  • Developer planning office bldg conversion to ALF will add new memory care facility

    Developer planning office bldg conversion to ALF will add new memory care facility

    A Winter Park developer that announced plans in May to convert an office park in Seminole County into an assisted living facility has broadened their concept to now include memory care, and new construction. Estapona Senior Living LLC paid $2.7 million in May for an office park at 7255 Estapona...

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  • Attorney Mark Nation preps first phase of downtown Sanford redevelopment

    Attorney Mark Nation preps first phase of downtown Sanford redevelopment

    Mark Nation is best known for his day job as a prominent Central Florida attorney, but it's his side gig that's drawing interest and financial support from the city of Sanford. GrowthSpotter first reported in January that Nation had purchased a mostly vacant 1.5-acre city block in downtown Sanford,...

  • Sanford Airport Authority to chart plan for hotel development by December

    Sanford Airport Authority to chart plan for hotel development by December

    The Sanford Airport Authority (SAA) should decide in December how to move forward with bringing a hotel to property near the entrance to Orlando Sanford International Airport, after it terminated a contract earlier this year with a private developer for failure to perform. The primary questions...

  • Local developer plans 30k SF of new warehouse space in Sanford

    Local developer plans 30k SF of new warehouse space in Sanford

    Winter Park-based DeMabry Holdings Inc., a land acquisition and development firm headed by Gino Della Cava, is planning two new warehouse buildings in the Aero Lane Industrial Park in east Sanford. Della Cava, also president of local general contractor ACS Construction, told GrowthSpotter on Wednesday...

  • Local design and construction pros team up for Lake Mary live/work townhomes

    Local design and construction pros team up for Lake Mary live/work townhomes

    With an eye toward the growing number of self-employed Americans, three Central Florida firms are preparing to build sustainable, live/work townhomes a stone’s throw from downtown Lake Mary and one block from the city’s SunRail station. Field and Form, a sustainable real estate development firm,...

  • Orlando developer plans small retail & apts building in downtown Sanford

    Orlando developer plans small retail & apts building in downtown Sanford

    Sanford's Downtown Community Redevelopment Agency has awarded a $50,000 construction grant to an Orlando developer pitching new mixed-use multifamily in the city's urban core. The three-story development would include 14 one-bedroom apartments on the top two floors and 2,200 square feet of retail...

  • Sanford developers switch plan from multifamily to hotel for downtown site

    Sanford developers switch plan from multifamily to hotel for downtown site

    A local firm that originally planned to build 100 apartments in downtown Sanford is switching gears, proposing a new Choice Hotels-branded development on the site.  Located at 200 W. 1st St. two blocks west of the heart of downtown Sanford, the three-story hotel would have 60 to 75 rooms, with...

  • Miami-based medical office investors buy first Orlando-area asset in Longwood

    Miami-based medical office investors buy first Orlando-area asset in Longwood

    PrimeMed Realty, a Miami-based real estate investment firm that started business this year, recently made its first Central Florida acquisition in Longwood and is pursuing more. The company paid $4.15 million for the former ProMed Center, a medical office building at 225 West S.R. 434, according...

  • Altamonte Springs seeks GC for $15M public park redevelopment project

    Altamonte Springs seeks GC for $15M public park redevelopment project

    The city of Altamonte Springs is looking for a general contractor to lead the demolition and new construction of its Westmonte Park, billed as a $15 million redevelopment project, according to an Invitation to Bid (ITB) issued on Tuesday. The project involves the construction of approximately 27,100...

  • Taylor Morrison buys lots to partner w/Meritage on former ‘San Pedro’ land

    Taylor Morrison buys lots to partner w/Meritage on former ‘San Pedro’ land

    National homebuilder Taylor Morrison has purchased 30 percent of the approved lots in the gated Hawk’s Crest community, planned for the 270-acre former San Pedro Center property in south Seminole County. Taylor Morrison paid $15.829 million on Oct. 13 to Meritage Homes, the community's prime developer,...

  • Seminole County seeks CMAR for year-long renovation of Lake Brantley High

    Seminole County seeks CMAR for year-long renovation of Lake Brantley High

    Seminole County Public Schools is seeking a Construction Manager at Risk (CMAR) for extensive renovation and remodeling at Lake Brantley High School, according to a Request for Qualifications (RFQ) issued Sunday. Located at 991 Sand Lake Road in Altamonte Springs, the school's scope of work will...

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