Astatula
Astatula, FL · Real Estate
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‘My heart just sunk’: Multiple Orlando condo residents given 10 days to evacuate
ORLANDO, Fla. – Residents of an Orlando condominium complex previously flagged by Orange County as unsafe are being told to leave parts of the property as a precaution, adding another disruption for people who say they recently renewed their leases and now face unexpected moving costs. The evacuation affects...
multihousingnews.com
Morgan Stanley Pays $91M for Florida Senior Communities
The two assets changed hands at pricing well above the state average. Morgan Stanley Investment Management has purchased two senior communities totaling 299 units in the Tampa, Fla., and Orlando, Fla., metro areas, through its Morgan Stanley Real Estate Investing funds. The portfolio comprises the 193-unit Sonata Lake Mary in...
clubandresortbusiness.com
Ryman Hospitality Properties Acquires Grande Lakes Orlando Resort in Florida
Ryman Hospitality Properties, a lodging real estate investment trust specialized in group-oriented, convention center resorts and entertainment experience, announced it has closed the acquisition of Grande Lakes Orland Resort in Orlando, Fla. The purchase price for the acquisition, subject to certain purchase price adjustments, totaled approximately $1.38 billion. Mark Fioravanti,...
cre-sources.com
Orlando Office Property Trades For $47 PSF With Major Redevelopment Planned
Duvalla Investments and Epoch Residential have acquired Sea Harbor Office Center, a 359,514-square-foot Class A office building at 6277 Sea Harbor Drive in Orlando, for $17 million. The property sits on 14.23 acres directly across from SeaWorld Orlando in the Tourist Corridor submarket. Northridge Capital sold the eight-story building, while JLL represented the seller. The buyers have secured zoning approvals that clear the way for the office property to ultimately be demolished and replaced with a large multifamily development.
theapopkavoice.com
Utility and sanitation rates, 137-room hotel headline Apopka City Commission agenda
The Apopka City Commission will consider resolutions establishing new rates for water, wastewater, reclaimed water, and sanitation services. They will also review a major development plan for a 137-room hotel at Floridian Town Center, along with proposals for new housing, a child care facility, and mixed-use development near Kelly Park Road. The meeting begins at 1:30 pm September 2 at the Apopka Community Center and will also be livestreamed.
Bay News 9
Orlando-area builders warn that tariff costs could trickle down to homebuyers
ORLANDO, Fla. — Greater Orlando homebuilders say potential tariffs affecting lumber could add to already rising housing costs, with Canada’s proposed retaliatory tariffs on U.S. goods scheduled to take effect Sept. 8. Builders say higher material costs would likely be passed on to buyers in a housing market...
extendedreachusa.com
While attending ICSC@FLORIDA in Orlando—and spending some additional time in Winter Park—I spoke with a Park Avenue merchant who mentioned that “some group called the Bendersons” had purchased the historic Park Plaza Hotel.
ORLANDO — While attending ICSC@FLORIDA in Orlando—and making the short trip to Winter Park—I spoke with a Park Avenue merchant who mentioned that “some group called the Bendersons” had purchased the historic Park Plaza property. That immediately caught my attention because I knew exactly who...
uncoveringflorida.com
Retirees Are Discovering the Good Life Without the High Prices in This Florida Town
Leesburg sits quietly in central Florida, offering something many retirees thought was impossible: affordable living with actual charm. While coastal cities keep jacking up prices, this Lake County gem stays refreshingly reasonable without sacrificing quality of life. Between two sparkling lakes and surrounded by genuine small-town friendliness, Leesburg proves you don’t need to drain your retirement savings to enjoy sunny Florida days.
theapopkavoice.com
After years of legal battles, Southwick Commons opens in Apopka
Wendover Management has opened Southwick Commons, a 192-unit affordable apartment community at 520 Brighton Ave. The development moved forward after Wendover won a lawsuit challenging the city’s attempt to require market-rate, non-subsidized housing on the property and later clashed with officials over balcony designs. Its opening comes as the Orlando area has only 13 affordable and available rental homes for every 100 extremely low-income renter households.
hoodline.com
Southwick Commons Affordable Housing Opens in Apopka FL
A 192-unit affordable housing community called Southwick Commons has opened on Brighton Avenue in Apopka, offering one-, two- and three-bedroom apartments with rents starting around $1,103 a month. The project arrives after years of legal and political resistance from Apopka's own city hall, which once tried to keep the site reserved for market-rate development instead.
oviedocommunitynews.org
Property tax amendment leads to hiring freeze in Winter Springs
A looming overhaul of Florida’s property tax system has led Winter Springs to institute a hiring freeze. Winter Springs City Manager Kevin Sweet told commissioners Monday night that with the possibility of Florida’s tax-cutting Amendment 3 looming, every department funding through the general fund is on a hiring freeze. That means open positions will not be filled, and if staff members leave the city, many of those positions will not be filled.