Seminole County Developments

• 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...

• Sanford ready to create new east-side rec center on former Seminole school board land

  Residents of Sanford’s east side have long desired a recreation center where kids can play and adults can congregate and get needed services. Those wishes are closer to reality now that the city has acquired 7.21 acres from the Seminole County School Board, property the city has long eyed as the...

• TruAmerica makes Lake Mary apartment complex its eighth asset in Greater Orlando

  TruAmerica Multifamily, a Los Angeles-based multifamily investment firm, paid $54 million for the 272-unit Legends at Lake Mary apartment complex, according to a deed signed March 1 and recorded Thursday in Seminole County. The acquisition was TruAmerica’s eighth in the Orlando area. The apartment...

• Philadelphia real estate investment firm pays $15.2M for Lake Mary shopping plaza

  CenterSquare Investment Management, a real estate investment firm headquartered in Philadelphia, paid $15.2 million for the Park Lane Place dining hub on International Parkway at Heathrow Lane in Lake Mary, according to a deed signed Feb. 15 and recorded last Tuesday in Seminole County. The seller...

• New Comfort Inn & Suites is part of a wave of new hotels in or near Sanford

  A new Comfort Inn & Suites hotel coming to East Lake Mary Boulevard is among at least half a dozen hotels either announced or under construction in and around the bustling Seminole County city of Sanford. Hickman Enterprises, a small Winter Park real estate and development company, plans to build...

• Tampa CRE investment firm pays $6M+ for Altamonte Springs mixed-use site

  Quantum Capital Partners, a Tampa-based private equity and real estate investment firm, recently purchased Altamonte City Centre, a retail strip mall and office building on East Altamonte Drive. Quantum paid just over $6 million for the 25,526-square-foot property, according to a deed signed Feb....

• Toll Brothers looks to capture cost-conscious homebuyers with new Sanford-area development

  Toll Brothers, the company that bills itself as America’s Luxury Home Builder, is introducing a more-affordable line of houses in a new Seminole County gated community. Parkview Place, a 70-home development under construction near the intersection of Lake Mary and Skyway boulevards, will feature...

• Seminole County, Casselberry unite to create “main street” design standards for Oxford Road

  The city of Casselberry and Seminole County have joined forces to create what both governments hope will be a vibrant, mixed-use redevelopment district with a revamped Oxford Road as the “Main Street.” Both governments are shooting for a live, work, play environment that combines dense residential...

• Alabama real estate firm pays $8M for Altamonte Springs shopping center

  A Birmingham-based commercial real estate firm recently paid $8 million for an unanchored shopping center in Altamonte Springs, and the company is looking for two or three similar purchases in the Greater Orlando area. The firm, Shannon Waltchack LLC, bought the Village Shoppes at Altamonte shopping...

• Mirror assembly and distribution firm buys land, warehouse buildings in Sanford

  Creative Images by Venture Circle International, a Winter Park-based mirror assembly and distribution firm, plans to move its entire operation to a recently purchased warehouse on 1.9 acres in Sanford Central Park. The firm bought the property at 140 Maritime Drive for $2.8 million according to...

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• Chicago-based investment group pays $49M for Longwood’s American Industrial Center

  In a deal being hailed as one of the biggest industrial park transactions in Orlando market history, Chicago-based Blue Vista Capital Management paid $49 million for the American Industrial Center in Longwood. The seller was The Woods Group, according to a deed signed Jan. 17 and filed Monday in...

• Orlando Health adds 8+ acres to its medical complex in Lake Mary’s Wellness & Technology Park

  Orlando Health, a $3.4 billion network of hospitals, physician practices and outpatient care centers, has purchased more land for its $42 million medical complex now under construction on Rinehart Road in Lake Mary. The healthcare company paid $3.1 million for an 8.36-acre parcel, according to...

• Scannell Properties pays $10.1M for Sanford industrial park, files new development plan

  NorthPort Industrial Park, in the planning stages since March 2016 but never developed, was sold Tuesday for $10.1 million to Indianapolis-based Scannell Properties, according to a deed recorded Wednesday in Seminole County. The 67.4 acres of pasture land was owned by Rand Yard Farms LLC and had...

• 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

  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, 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, 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

  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...

• New Goddard School to be built near Sanford; second franchise for Seminole County

  The Goddard School is eying a site near Sanford for its Central Florida expansion of the popular private pre-school/kindergarten franchise. The 10,910-square-foot school is to be built on 1.79 acres at the southeast corner of West State Road 46 and South Henderson Lane. The plans follow the September...

• Orlando developer Saathoff sells more land near Sanford to homebuilder D.R. Horton

  Orlando developer Dwight Saathoff’s firm, Project Finance and Development, sold 44 acres near Sanford to Texas-based homebuilder D.R. Horton for $3.72 million, according to a deed filed Monday in Seminole County. The land, now vacant, is just east of the Sanford city limits on Celery Avenue between...

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• 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...

• New SunTrust Bank to anchor U.S. 17-92 project in near Casselberry’s Lake Concord

  A new SunTrust Bank is coming to Casselberry’s Lake Concord Park and two restaurants may be part of the package later, according to documents submitted to the city. The bank, with a drive-through teller, will be built on a vacant 2.8-acre parcel on the southeast corner of U.S. 17-92 and Triplet...

• Developer of future Topgolf site works to minimize eminent domain down road

  In an attempt to avoid an eminent domain claim, the developer of a planned Topgolf location has reached an agreement with the Florida Department of Transportation for the design of a new Interstate 4 slip ramp at the Lake Mary Boulevard interchange. The ramp, designed to provide direct access to...

• BioFit Performance Center sets new location after split with former developer-partner

  BioFit Performance is still bringing its professional-level fitness center to the Oviedo area, but in a new location after a falling out with a previous development partner. The company, which offers the same-type fitness programs and therapy that professional athletes enjoy, plans to build a 12,000-square-foot...

• Train car, shipping containers to become downtown Sanford restaurant, shopping complex

  A developer plans to move a 95-year-old train car and 16 shipping containers into downtown Sanford for a new dining and shopping complex. DeLand builder Mitch Menaker said he has purchased the 1923 train car and has a deal for a lease on a 9,000-square-foot parking lot. Construction could start...

• Central Florida developer plans twin ready-to-work office buildings for Lake Mary

  After a successful debut in Daytona Beach, former Seminole County resident Chris Butera is bringing his SMART office concept to Lake Mary with two planned buildings on South Country Club Road.  The buildings, at the northeast corner of Country Club and South Third Street, will feature some of the...

• 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...

• 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,...

• 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

  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...

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• 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

  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

  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...

• 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 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, 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

  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

  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...

• Plans advance for Phase 2 of Riverbend housing development near Sanford

  Engineering plans were submitted to Seminole County this week for the second phase of the 653-lot Riverbend residential development east of downtown Sanford. Dwight Saathoff, president of Project Finance & Development (PFD), owns the 45.32 acres at the corner of Hughey Street and North Beardall...

• Seven initial land parcels at Sanford airport pushed for CRE development

  The Sanford Airport Authority is seeking new commercial development proposals for seven major parcels within its 400-plus acres of vacant land surrounding Orlando-Sanford International Airport (OSIA) that have been readied for development. The airport authority wants businesses to build facilities...

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• Developer explores mixed-use project for dormant office bldgs along I-4 in Altamonte

  Tennessee-based developer 3H Group is exploring mixed-use redevelopment plans in Altamonte Springs for two long-vacant office buildings, including a potential hotel, retail and new office product.  Located at the southwest corner of Interstate 4 and S.R. 436, the 4.25-acre site was bought in May...

• Central Parc developers plan $18M commercial plaza in south Seminole

  Central Parc Development's Miguel de Arcos and Dominic Nori are preparing a new 64,744-square-foot commercial plaza in south Seminole County, meant to capitalize on a 700-home gated community being built down the road.  Located on Howell Branch Road just west of Eastbrook Boulevard, the estimated...

• Orlando doctor plans medical office & retail in Winter Springs, possible ALF to follow

  An Orlando-area physician is planning to build a new medical office in Winter Springs with additional for-lease professional space, and is considering assisted living development to augment his medical practice. Dr. Son Chau, who has been practicing in Orlando for more than 25 years, said he bought...

• Emerson preps mixed-use redevelopment plan for core of CenterPointe in Altamonte

  Local developer Emerson International is floating redevelopment plans with Altamonte Springs for the dated office buildings within its 55-acre CenterPointe on the Park mixed-use development. Emerson filed a new conceptual site plan with the city on July 13 that depicts a full redevelopment of the 15-acre...

• Axios Construction preps groundbreaking on new HQ office in Casselberry

  Local general contractor Axios Construction Services is ready to break ground next month on a new headquarters office building with retail lease potential in Casselberry after a year-long delay. Axios has received its permits to start vertical construction on a two-story, 27,000-square-foot building...

• Growing salon chain preps renovation of former restaurant near Winter Springs

  The co-founders of iStudio Salons will start next month to redevelop the former Graffiti Junktion restaurant near Winter Springs into the chain's eighth Greater Orlando location, and will include additional non-salon retail space. iStudio Salons principals Mark Abbett and James Schregardus paid...

• Developer’s attorney: strong case still to be made for controversial River Cross project

  Despite an emphatic rejection by Seminole County planners, an attorney for developer and former state legislator Chris Dorworth said he has a strong chance of prevailing when county commissioners are asked to approve his 670-acre River Cross mixed-use development in August. The development, for...

• Nestle to expand water distribution plant near Casselberry

  Nestle Waters North America is preparing to expand its distribution center near Casselberry by 66 percent, according to plans the company filed with Seminole County and the St. Johns River Water Management District. The warehouse, located at 150 Lyman Road, is for bottled water and dispensers for...

• Topgolf files plans for second Greater Orlando location in Lake Mary

  Topgolf has nearly 19 acres under contract in Lake Mary along Interstate 4, and filed plans Tuesday for its second entertainment venue in Greater Orlando on a site that was earmarked in recent years for new office buildings.  A preliminary site plan was filed with the City of Lake Mary as part...

• Wendover preps Sanford affordable housing for homeless & mentally disabled

  Altamonte Springs-based Wendover Housing Partners is nearing approval to build a multifamily community in Sanford that would provide affordable housing for the homeless and those suffering from mental illness. Dubbed "Warley Park," the 85-unit complex at 1500 W. 25th St. would be built with state...

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• Boca Raton-based investor pays $14.8M for ‘ready-to-go’ industrial bldg in Lake Mary

  Boca Raton-based IP Capital Partners recently paid more than $14.8 for a Class-A warehouse property in Lake Mary that's the largest industrial building in Seminole County, with significant lease-up potential and a keen eye for more value-add assets in Greater Orlando. Located on 32.6 acres at 2452...

• Expansion & redevelopment prepped for Oviedo shopping center w/specialty grocer

  The former City Center shopping plaza in Oviedo is getting a major facelift that will include six new buildings, one of which will house the second regional location for specialty grocer Sprouts Farmers Market. Located at W. Mitchell Hammock Road and Alafaya Trail, work on the project should start...

• Headquarter Hyundai to start construction soon on new Sanford dealership

  Headquarter Hyundai, now operating out of a 60-year-old leased building between Longwood and Sanford, hopes to open a brand new dealership in Sanford after the first of the year. The auto dealership, part of Headquarter Auto Group of Central Florida, is now doing business at 3775 U.S. Highway 17-92....

• Construction planned for last warehouse in Sanford’s Rand Yard Commerce Center

  Ocala-based D.L. Fox Properties LP plans to start work this summer on the company’s seventh building in Rand Yard Commerce Center, marking its buildout of the Sanford industrial park. Managing Partner Daniel Fox told GrowthSpotter this building, the last of the company’s projects in Rand Yard,...

• Developer w/Reagan Center land under contract seeks more mixed-use entitlements for evolving master plan

  A Canadian developer holding the former Flea World property in Sanford under contract is bringing a new conceptual plan before county staff for review, one that's ever-evolving but requires a significant increase in commercial and housing entitlements.  Palmeira Holdings brought the property under...

• Seminole County Sheriff's Office seeks design team to lead reno & expansion

  The Seminole County Sheriff's Office (SCSO) is seeking a design team to lead planning and oversight of an expansion project for its communications center in Sanford, according to a Request for Qualifications (RFQ) issued on Sunday. Located at the Seminole County Public Safety Building on Eslinger...

• Altamonte Springs floats City Hall complex for sale, seeks Transit-Oriented project

  The City of Altamonte Springs is offering to sell its City Hall and municipal complex for redevelopment as a modern mixed-use complex that would support the neighboring SunRail station, according to a Request for Proposals (RFP) issued on Thursday. Located on the east side of Altamonte Springs...

• Sanford seeks builder to install sea wall to support final phase of RiverWalk trail

  The City of Sanford is seeking a local construction firm to help build a sea wall to support the third phase of its Sanford RiverWalk multi-use trail, according to an Invitation for Bids (IFB) issued this week. At nearly 3.5 miles long and a projected cost of $15 million, the Sanford RiverWalk's...

• 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

  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...

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• 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

  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

  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...

• 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

  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

  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

  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

  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...

• Developer reworks design for Sanford student housing on wetland-heavy site

  Winter Park-based Pennington Development Group is working through value engineering and design revisions for a new student housing complex near Seminole State College in Sanford, in order to accommodate a site that is 70 percent wetlands.  The project has been floating on the edge of developer ...

• New Metro Diner in Casselberry part of planned Central Florida expansion

  Metro Diner, the fast-growing franchise that bills its fare as “comfort food with flair,” is preparing to break ground in Casselberry for its third Greater Orlando location while seeking more sites locally. Construction should start in mid-June on the new restaurant, which will be built on the...

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• Jon M. Hall Co. preps land near Sanford for new company HQ, expansion opportunity

  The Jon M. Hall Co. has been one of the busiest site preparation firms in Central Florida in recent years, boasting projects such as the $85 million mixed-use Gardens on Millenia near The Mall at Millenia, and the $41.5 million Orlando Police Department headquarters. But even as the Seminole County-based...

• West Coast senior living developer expands Florida presence w/Winter Springs project

  A Washington state-based senior living developer will begin work soon on an independent living community in Winter Springs’ Town Center, the firm’s seventh retirement community in Florida. Hawthorn Retirement Group should start work within the next few months on the four-story, 145-suite senior...

• Developer bucks Seminole rural protections with 669-acre project & rezoning request

  A Lake Mary real estate investor, who once represented western Seminole County in the state House of Representatives, is challenging the county’s rural land protections with a proposed 669-acre mixed-use development. Chris Dorworth, now a lobbyist for Ballard Partners, filed conceptual plans earlier...

• 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

  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

  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

  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

  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

  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

  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...

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• 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

  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

  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...

• Building moratorium near Sanford airport shot down before it can take off

  The race to build a hotel near the Orlando Sanford International Airport (OSIA) veered off course this week when airport leaders proposed a development moratorium on surrounding private property. On Monday, the Sanford City Commission was scheduled to consider a zoning-in-progress policy for property...

• Hyundai dealership expands planned footprint for relocation in Sanford

  A new Sanford Hyundai dealership, in the planning stages for nearly a year and a half, is moving ahead with a tentative March construction start and a new, larger footprint. Headquarters Auto Group of Central Florida submitted engineering plans for the dealership to Sanford planning staff last...

• Lucky's Market signs for 8th area store with Unicorp's Griffin Farm in Lake Mary

  Lucky's Market has signed for what is anticipated as its eighth area location in Lake Mary with Unicorp National Development's 33-acre Griffin Farm Town Center project, the developer announced Friday morning. The Colorado-based specialty grocer will conduct a ground lease with Unicorp for a 29,000-square-foot...

• Sanford airport leaders to seek $60M via RFP to finance terminal expansion

  The Sanford Airport Authority should issue a Request for Proposals (RFP) within two weeks to finance its $60 million terminal expansion, despite having yet to receive FAA approval to use Passenger Facility Charges (PFCs) to fund debt service for part of the expansion. Board directors made the decision...

• SC-based developer plans new Oviedo self storage, more in Greater Orlando pipeline

  Johnson Development Associates, a South Carolina-based commercial developer that has been active in Greater Orlando in the past two year, is planning its fourth local self storage facility in Oviedo.  The three-story, 90,000-square-foot building would be built on 1.6 acres near the corner of E....

• 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

  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...

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• 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

  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 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...

• 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 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 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

  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

  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

  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

  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...