ORLANDO – Paul P. Partyka, CCIM, MiCP, Partner at NAI Realvest, closed on the sale of 9.82 acres on Livingston Road, near Formosa Garden Blvd, in Kissimmee, Florida. He represented the seller, Maingate Hills, Inc. The buyer, Primeland Real Estate Development, LLC plans to develop a luxury condo hotel on the site.
The new development will be called Sycamore Orlando Resort(https://primelandusa.com/sycamore-resort) and will consist of 6 seven-story buildings, with a total of 380 condo hotel units. Sycamore Orlando Resort will be a luxury vacation destination, with numerous amenities including a bakery-café, fitness center, kids club, pet club, on-site restaurant, rooftop bar, spa, sports bar and sushi bar as well as 24/7 concierge service. Construction is expected to begin in June 2020 with first phase completion by June 2021 and final completion by June 2022.
“This will be an outstanding addition to the luxury accommodation market near the attractions area” according to Paul P. Partyka.
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About NAI Realvest
NAI Realvest, covering all of central Florida, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide. NAI Global is an international commercial real estate network with over 400 offices spanning the globe. Since 1978, clients have built businesses on the power of NAI Global’s expanding network. Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.nairealvest.com.