Author Archives: Kristin Fortier

Hilton and Marriott to put extended stay products on side-by-side sites at Tyson Ranch near Lake Nona | GrowthSpotter

By Dustin Wyatt | Growthspotter | Jan 12, 2023 at 5:00 pm

A Townplace Suites by Marriott and a Homewood Suites by Hilton are set to rise on side-by-side sites along Boggy Creek Road near the Orlando International Airport and the Osceola County line, just outside the boundaries of Lake Nona.

A land development plan submitted to Orange County in December shows the two six-story hotels emerging within Ralph Singleton’s 80-acre Tyson Ranch planned development north of Simpson Road.

On the opposite side of Boggy Creek Road, land investors Jim Dowd and Daryl Carter are getting ready to hand off some of the 22 acres they own to a Texas-based developer with plans to build two separate multifamily projects totaling 638 units.

Read entire article here: https://www.growthspotter.com/news/hotels/gs-news-hilton-marriott-hotels-tyson-ranch-orlando-20230112-kpvun7qyjvdt7jda5y7emnrllq-story.html

Central Florida developers paid big bucks for land in 2022 | Orlando Sentinel

 

**When Orlando Sentinel/GrowthSpotter wrote an article about the largest real estate deals in Central Florida for 2022, Maury L. Carter & Associates, Inc. took up a prominent portion of the story. Maury L. Carter & Associates, Inc. handled 3 of the 8 transactions highlighted in the article, please see below.**

By Laura Kinsler | Orlando Sentinel | Dec 31, 2022 at 8:00 am

Developers and homebuilders paid top dollar for vacant land in Central Florida, where the two priciest sales were scooped up for future distribution centers.

Connecticut-based investment firm Westport Capital Partners, financing partner for BTI Partners, paid $28 million in late October for land on the southwest shore of Osceola County’s Lake Tohopekaliga with entitlements for 2,644 residential units as part of the county’s South Lake Toho mixed-use district.

Richland Communities paid $24.8 million in January for 550 acres in Mount Dora’s Wolf Branch Innovation District, which has an approved master plan that entitles the PUD for a mix of uses, including industrial and warehousing, multifamily residential, medical office and commercial. It even reserves 20 acres for a college campus.

The largest tracts include the about 298-acre site known as Summer Lake-Grace Groves, south of State Road 46, which sold for $10.57 million, and the 215-acre Sorrento LLC site, north of S.R. 46, which sold for $9.8 million. Daryl Carter, president of Maury L. Carter & Associates, brokered all of the sales and also was the seller of the Sorrento property.

“We have a perfect storm driving growth. Central Florida is on fire,” Carter said. “We’re a job-producing machine. We have good leadership, and the results are obvious.”

Tampa-based Eisenhower Property Group (EPG) purchased 735-acre Little Everglades Farm in Groveland on May 3 for $20.2 million, with preliminary plans to build a Village concept on the property.

 

Read entire article here: https://www.orlandosentinel.com/business/real-estate/os-bz-gs-top-central-florida-land-sales-of-2022-20221231-43vn5rzpfbddhndntionsbzuse-story.html