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Orlando airport pitch 1,800-acre project

 

Orlando Airport

Roads slated to access the project include Boggy Creek Road, Narcoossee Road and Medical City Boulevard. A planned extension of Osceola Parkway would access the southern end of the project.

With the Greater Orlando Airport to the north, plans mention transit prospects for the property, which has long known as the Poitras property.

Located in a southeast Orlando sector planning area, owners are seeking “urban village” land use approval. About 236 acres would be set aside for conservation, according to plans submitted last week. Plans also mention connections to the existing sidewalks and bike lanes in Lake Nona.

The project proposals comes as Starwood has submitted plans for the 1,572-acre Vista Park north of State Road 528 and west of State Road 417. And further east, Tavistock is working through the process of a project that would engulf other proposals. With more than 24,000 acres, Sunbridge would span stretches of Orange and Osceola counties.

Shops, eateries planned near Lake Nona

Looks like more space for shops and restaurants is on its way to the area near the Orlando International Airport.

Plans for Vista Park — a new mixed-use neighborhood slated for 1,572 acres north of State Road 528 and west of State Road 417 in Orlando — now include up to 80,000 square feet of retail space, up from the original 20,000 square feet, city of Orlando documents showed. This gives construction firms a larger potential job, and gives businesses more opportunities to set up shop in the neighborhood.

This comes after nearby homeowners raised concerns with the development, including 20,000 square feet of retail not being sufficient for the 4,300 homes and 20,000 square feet of offices Nona parking garage 2also planned for Vista Park. “This is a compromise we had agreed to at a quasi-judicial hearing,” said Miranda Fitzgerald, land-use attorney with Lowndes, Drosdick, Doster, Kantor & Reed PA, who represents the land owner. Mockingbird Orlando LLC, an entity related to South Florida casino and horse racetrack owner John J. Brunetti, owns the land.

Jay Thompson, managing partner of developer Palm Beach Gardens-based Land Innovations LLC, has had his eyes set on Vista Park and catty-corner property, Starwood DRI, for a “mini Lake Nona” that may create an economic impact of $4.5 billion, he previously told OBJ. Plans for Starwood DRI include thousands more , square feet of retail, office and industrial space.

Orlando’s city council during a July 25 meeting approved Vista Park getting a planned-development zoning as it’s consistent with the city’s comprehensive plan. The project can now move forward after concerns from home owners were reviewed by a hearing officer.

The project still needs to be reviewed by the state Department of Economic Opportunity, and specific zoning ordinances need to go before the city. Overall, development is not expected to begin until 2018, Fitzgerald told OBJ.

Meanwhile, the land slated for Vista Park is being cleaned up, as World War II-era bombs are buried beneath it. Permits for the clean-up process were issued last summer, Fitzgerald said.

Orlando June home sales price reaches $228,000

HOME PRICES

The price of an existing home in the Orlando area went up 14 percent last month, according to the latest Florida Realtors report.

Metro Orlando — Orange, Seminole, Osceola and Lake counties  median sales price for single-family of $228,000. However, the 3,272 single-family homes homes sold was 1.7 percent less last month, when compared with June 2015, the report showmoneyed.

Meanwhile, the median sales price of an existing Central Florida townhome or condominium also rose 13 percent last month to $129,950. A total of 894 multifamily units sold in June of this year, which was a 2.5 percent uptick from a year ago.

Statewide, the median home sales price was $225,000, up 10.8 percent. The number of home sales also saw an increase at 27,086 — 0.4 percent higher than June 2015’s closed sales.

“Florida’s is experiencing tight supply and pent-up demand,” Florida Realtors President Matey Veissi, states. “That’s affecting the pace of sales and putting pressure on statewide median prices. Florida’s economic growth, rising jobs outlook and acclaimed quality of life continue to draw new residents eager to call the Sunshine State home.” You may click on the video link below to visit this special video report

https://www.youtube.com/watch?v=XRR7hgfYaGg

Interest rates soften- buyers have few options

Mortgage interest rates dropped during June but the improved home financing did not boost overall sales in the core market, a new report shows. Median prices in an area of mostly Orange and Seminole counties increased to $207,000 during June – up 15 percent from a year earlier and up about 2 percent from a month earlier, according to a report released Friday by Orlando Regional Realtor Association. Allyn Maycumber of Keller Williams Advantage says that with such a limited supply of on the market,it is making it very difficult to find buyer’s the right home. What the market needs is a influx of well priced homes to offset the abundance of new buyer’s entering the market.money

In the Lake Nona area of Orlando, Florida we do have a strong new housing development engine, and that is indeed giving our local buyers more options than most buyers across the country. Remember if you are interested in new construction let us represent you. The builder already factors in our compensation, and we carefully review your new home build contracts to make any needed changes to protect you. Meet us personally, or verify our single agency representation for you by email. The same applies to existing home sales. Our real estate expertise with Florida sales contracts is extensive, and so very important for one of the most critical asset purchases in your life.

 

Kissimmee- vacation home capital

will be known as the “Vacation Home Capital of the World” —Complete with pro athletes and corporate executives popping in for stays at sprawling, richly appointed mansions. “It’s real exciting for Orlando and the new visitors everyday. “It’s a whole different market.” Different doesn’t begin to describe the luxury-rental-home market for which Kissimmee is becoming known.DSCN4798

British investors have high hopes of selling their overseas 10 years from now and retiring in the Kissimmee homes. Bella Vida is one of these communities that offer so many amenities that you really don’t need to venture out. If you feel you need to go exploring everything is close.

With so much entertainment around Central from , to Universal Studios , and Sea World, who needs to venture anywhere else. Just imagine renting a 6 bedroom home with a private pool and spa on conservation with a large game room and 5 and 1/2 bathrooms Great and inexpensive compared to hotels that run 300 to 350 a night,you can get these homes for around 250 a night

 

offices, homes, more in the pipeline

Looks like more development is on its way to to further grow a neighborhood and new sports district.

The city of Orlando on July 11 approved development plans in the southeast Orlando community for new , offices, showrooms, private athletic fields, mixed-use buildings, fitness centers and more. Lake Nona’s developer, Development Co. LLC, now can move forward with its plans that’ll create new construction opportunities, further develop a high-end neighborhood and develop land near the future U.S. Tennis Association’s 63-acre, $100 million campus that’s opening by year-end.

Here’s what’s coming:

  • Phase 7: Tavistock plans to expand its Laureate Park neighborhood by 54.8 acres that are between Tavistock Lakes Boulevard and Nemours Parkway. The property has 207 lots and will be used for more single-family homes and townhomes.
  • Laureate Park Neighborhood Center Phase 1: Tavistock will develop a 6,300-square-foot, mixed-use building; a 2,300-square-foot, multi-purpose building; a 3,000-square-foot fitness center; two swimming pools and neighborhood green space on 10.77 acres north of Tavistock Lakes Boulevard and east of Sachs Avenue. Later phases of the Laureate Park Neighborhood Center call for 141 housing units, including townhomes, condos, single-family waterfront homes and boutique apartments.
  • Sports Village at Lake Nona: Tavistock will develop 31.1 acres west of Performance Drive and south of the USTA facility where it plans to build up its 300-acre Sports & Performance District. An 18,877-square-foot office building, two 50,000-square-foot buildings with office and showroom space, six athletic fields with a 23,750-square-foot building for ancillary uses, and 700 parking spaces are plannorlando cityed for the property.

Tavistock announced last April it planned to develop a 50,000-square-foot office building in its sports hub. also announced earlier this year it’s opening a new 23-acre training facility next to the USTA campus in 2017. It appears the new development plans line up with these prior announcements, but it is not confirmed if they are related.

Meanwhile, Tavistock also recently filed plans in preparation for a new hotel or resort in Lake Nona. Tavistock seeks to combine three parcels between Lake Nona Boulevard and the Lake Nona waterway into a single designation to streamline development plans for a future hotel or resort, sources previously told Orlando Business Journal. It’s not clear if these plans are related to the sports district, but Tavistock leaders previously said a resort and spa is needed near the sports district to accommodate traveling athletes and their families.

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