NAI Realvest Closes Sale on Land for Luxury Condo Hotel Development
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.