Orlando is considering four proposals to buy and redevelop 6.06 acres in the Parramore neighborhood for mixed-income residential, with affordable housing developers from Orlando, New York, Tampa and Jacksonville still in the running.
A Maitland-based air carrier and more than a half dozen affiliate companies will be brought under one roof by ownership in the newly acquired office building, for which a contractor is being sought to lead renovations.
Kissimmee developer Tommy Tompkins has reapplied for PD zoning to build 14 luxury lakefront condos. The Osceola DRC approved the Sunset Oaks plan, but it still must go to the Planning Commission and County Commissioners - both of which rejected a similar PD last summer.
Local developer Anil Sant has signed a notable anchor tenant for his Lakeside Neighborhood retail center in Horizon West, the nationally recognized Peaches School of Dance and Music, following plan approvals earlier this week and groundbreaking set for March.
Deerfield Beach-based developer and property manager Konover South has nearly 20 acres under contract in Orlando's Meadow Woods submarket, with plans for a Walmart Neighborhood Market and 31,700 square feet of flex retail space.
Weston-based developer Jafrejo Holdings has broken ground on a Twin Peaks restaurant and plans a 164-key Candlewood Suites for a 10-acre property in Lake Buena Vista, and will seek a management firm and general contractor for the hotel in the coming months.
The largest land transaction in the history of Orlando's tourism market was registered in late December when Colony Capital drew $130 million for its 474-acre property near Universal Boulevard. The roots of that deal date back three and a half years, stretch as far as Los Angeles and New York, and wind back to CBRE Orlando's Land Services team.
The Greater Orlando market boasted 68 individual hotel transactions in 2015, with single asset sales totaling $595 million in value -- more than the previous two years combined. Despite economy and debt market questions, Orlando can draw more hotel investment than ever, said Paul Sexton of HREC Investment Advisors.
The Vantage Group, an Australian developer, is trying to enter Oviedo with a student housing project, but Seminole County planners cautioned him on potential conflicts the use may cause with a neighboring subdivision.
After searching for more than two years for land to build his next self-storage business, Robert D. Markwalter appears to have landed an ideal five acres in Fruitland Park, surrounded by The Villages' newest residential neighborhood.
Potential buyers of Tribune Media's 18.69-acre property in downtown Orlando shouldn't face liability for ongoing cleanup of contaminated soil underneath the site, a responsibility that will remain with the Orlando Sentinel Communications Co. But the small risk of transfer of that responsibility can be countered by any buyer through some key stipulations at contract.
Winter Park-based MMI Development closed the last of four parcel sales for future apartment development to Ohio-based NM Residential on Thursday, with ground to break on projects in Apopka and Maitland in the coming weeks.
Roughly seven months after buying the 301-room Four Points by Sheraton Orlando Studio City on North International Drive for $15 million, Indianapolis-based Hotel Capital has turned the property in a multi-million dollar profit, selling for $23 million on Wednesday to Tampa-area hotel investor Ben Mallah.
An affiliate of Kansas-based hotel company Woodspring Hotels paid $1.225 million on Thursday for 2.79 acres in Belle Isle near Orlando International Airport, where it plans to break ground within weeks on a 109-key extended stay hotel.
Fresh off a $42-million sale six months ago of its first Reserves at Alafaya apartment complex, Winter Park-based developer the Morgran Group is readying plans for up to 539 multi-family units right across the street, southwest of Avalon Park.
Dirt is finally moving for construction of a much-anticipated shopping center on U.S. 441 in Eustis that will be home to the Eustis-Mount Dora area¿s only Panera Bread, an Aldi grocery, and Tijuana Flats, along with other retailers.
ComTerra Development Group closed its purchase of 20-plus acres on Friday at the corner of Universal Boulevard and Destination Parkway, where it plans 150,000 square feet of retail, dining and entertainment at a key future intersection of Orlando's tourism corridor.
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Following up on the 2012 expansion of their Ramada Plaza Resort on International Drive, the Shah brothers that own a small retail-office parcel on Vineland Road are renewing plans for a second Ramada, directly north of Universal Orlando's Loew's Portofino Bay Hotel.
Less than two months after buying his first hotel property in Orlando's tourism corridor, John Yuan Yu spends $2.6 million for the Alltour America office next door, and has the parcel in mind for redevelopment as another hotel.
The Boca Raton-based real estate investor makes its first Orlando acquisition, and will actively seek more office, industrial and retail value-add opportunities in the coming year, says a lead executive.