The 234 Apartment

A residential community with 250 town homes and 458 single-family houses is slated for Howell Branch Road in south Seminole County . Meritage Homes Corporation bought more than 200 acres on Howell Branch Road and east of Semoran Boulevard to develop a community being called Hawk’s Crest. The purchase price was about $40 million, property records show . New homes will have 1,600 to 5,200 square feet with three to six bedrooms. Prices are expected to range from $260,000 to $635,000 with sales starting in late 2018 and closings planned for early 2019, according to the company. South I-Drive acreage sells Windermere resident Alessandro Da Silva Oliveria purchased 9 acres of vacant land on South International Drive , Orlando, from the Southeastern Conference Association of Seventh Day Adventists Inc. for $950,000. The religious nonprofit plans to reinvest the proceeds to build a church at an undetermined Orlando location , according to a news release. NAI Realvest Partner Paul P. ...

A pair of Kissimmee apartment communities both located just off John Young Parkway changed hands last week to different buyer groups for nearly $90 million. Virginia-based Chandler Management Corp. paid $49.5 million on Aug. 8 for the  Lake Tivoli Apartments . The 384-unit complex was developed in two phases, with the bulk of the property built in 1990. The second phase was added in 2002. The gated complex, which is located midway between Kissimmee's two major hospitals, consists of 36 two-and three-story buildings and was 97-percent occupied at the time of sale. CBRE ’s Shelton Granade, Luke Wickham, and Justin Basquill represented the seller in the transaction. The second sale took place in The Hunter's Creek/LOOP submarket. New York-based Bluerock Real Estate  paid $40 million on Aug. 9 for Sonoma Pointe apartments . The Class-A community, located on John Young Parkway across from The LOOP shopping center , was completed in 2015. This is the fifth Central Florida multi...

August 16, 2017 | By Jennifer LeClaire MIAMI—Lake Tivoli Apartments, a 384- unit multifamily property in Kissimmee, just south of Orlando, has traded hands. The sale price: $49.5 million.