Orlando-based Magic Development in late September quietly opened the first phase of its Magic Village townhouse development just off US 192 W in Kissimmee.
The $70 million project is located at 3151 Pantanel Lane, two miles from Disney's Animal Kingdom. Magic Development Director James Mincy gave GrowthSpotter an exclusive tour of the 180-unit complex. The first 47 units that comprise phase 1 are now available, and the clubhouse, fitness center and pool are virtually complete. Finishing touches are being added to the restaurant and kids' lounge.
"We just officially opened 10 days ago," Mincy said. "Those buildings have been done for quite some time. In another couple of months, we'll have another 53 available."
The complex, originally slated to open nearly a year ago, was marketed primarily to Brazilian celebrities and investors. Construction delays and design changes forced the developers to push back the opening, but Mincy said the end result will be worth it. "We added a champagne lounge and a restaurant," he said. "This is our first project, and we were like 'Let's make it beautiful.'"
The official grand opening is scheduled for the second week of November. By then, construction on the final 80 units should be well underway.
The company is building a second, even larger townhouse project - Magic Village 2 - on 31 acres at 2950 Reedy Creek Road. Osceola County approved the construction plan and issued permits for the sister property on Sept. 28.
"We took everything we learned from Magic Village and applied it to Magic 2," Mincy said. "The clubhouse is bigger. It's more amenitized - we'll have two pools and tennis courts."
Boyd Civil Engineering is the project engineer. Magic Development will be publishing a request for proposals for the vertical construction later this year once site development is underway.
Company officials are also hoping to negotiate an easement with the adjoining property owner to allow resort guests access between the sister properties without having to drive on US 192 W.