Margaritaville Resort files plans for water park, sells land to apartment developer

Margaritaville Resort's 13-acre water park will have a wave pool, lazy river and four clusters of waterslides.
Margaritaville Resort's 13-acre water park will have a wave pool, lazy river and four clusters of waterslides. (Osceola County)

Engineering plans filed last week for the water park at Margaritaville Resort reveal the overall site layout as well as a hint of the types of rides visitors can expect.

The 13-acre water park, which will be open to the public when the resort opens in 2018, will feature a wave pool, lazy river and four clusters of waterslides, according to the plan.


Developer Encore Funds has been busy turning dirt since late 2015 and expects to open an onsite sales office Memorial Day weekend. The 321-acre resort also includes 200,000 square feet of retail, a 200-room hotel, 224 resort cottages, 198 timeshare units and 60 condos.

New details on building permits filed for the development's retail frontage on U.S. 192, and what it may look like.

Also last week, Encore sold a 24-acre parcel in the northwest corner (behind the existing Super Target) to Tampa-based DeBartolo Development. The parcel is approved for 324 apartments.

DeBartolo has been active in the Orlando market building modern, class A apartments such as the Gallery at Mills Park and The Retreat at Windermere. Both were part of larger mixed-use projects. In mid-March, the company sold the retail portion of Mills Park, anchored by Fresh Market, for nearly $30 million.

The Vero Beach-based investor is one of the state's largest citrus developers, and is building an expansive portfolio of commercial property assets.

Company representatives told GrowthSpotter the Kissimmee project will more closely resemble The Retreat, since Gallery was a more urban-style development.

The Retreat, part of a DeBartolo's 196-acre Summerport Village mixed-use project, features some unique amenities, including a community organic garden and a video gaming room in the clubhouse with multiple consoles, flat-screen TVs and NFL Sunday Ticket.

DeBartolo uses its own construction company as general contractor. St. Petersburg-based ARC3 is the project architect. Construction will start as soon as permits are issued. The complex is expected to open by the First Quarter 2017 and be fully completed in 18 months.

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