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Partnership Adds New Choice to I-Drive Hotel Selection

29 Jul 2015, 4:27 pm

By Balazs Szekely, Associate Editor

Cambria Suites Washington D.C. / Convention Center

Image of the Cambria Suites Washington D.C. / Convention Center hotel

A worldwide lodging giant took its choice and opted for the popular I-Drive region to bring its newest Orlando hotel to life. Choice Hotels International announced it has signed an agreement with Nevada Coal and Grain LLC — led by local developer Matthew Gillio and Don Fuller — to develop a new Cambria Hotel & Suites in Orlando.

The 140-room Cambria property will be located at the intersection of International Drive and Central Florida Parkway, within walking distance of SeaWorld and just one mile from the Orange County Convention Center. The property will feature over 2,000 square feet of meeting and reception space for events, complimented by onsite catering. Plans also call for amenities like a modern fitness facility, pool, a contemporary bistro and a coffee bar.

The Cambria brand concentrates on new-construction business travel and leisure hotels that feature a larger lobby, larger-than-standard guest rooms. The new property is scheduled for opening in 2017.

Photo courtesy of Cambria hotels & suites via Facebook

KB Home Launches New Orlando Community

24 Jul 2015, 3:31 pm

By Balazs Szekely, Associate Editor

Arbor Chase

Model home in one of the currently available
KB Home communities

KB Home is aggressively expanding in Orange County, Fla. The homebuilder just announced the grand opening of The Arbor Chase, its 19th community in Greater Orlando. The development is located in the East Orlando submarket, close to the Waterford Lakes Town Center outdoor mall and some of the area’s most significant employers.

The suburban property features one- and two-story floor plans ranging from 1,787 to 3,782 square feet, with up to six bedrooms and four baths. Plans also call for the addition of a playground, pavilion and park area. Mature oaks on the site will also be spared. The community is surrounded by established Orlando neighborhoods such as Rio Pinar, a golf community with estate homes.

All new KB homes are Energy Star certified and can be customized to meet the lifestyle and budget of buyers. Clients can pick the lot’s location, modify the floor plan, choose between several structural options, and tailor the exterior elevation and décor features.

Home prices at The Arbor Chase will start at $230,000.

 Photo credit: KB Home

Massachusetts Firm Enters Brevard County with a Bang

23 Jul 2015, 2:35 pm

By Balazs Szekely, Associate Editor

Grand Oaks at the Lake

Grand Oaks at the Lake

A multifamily investor from the Bay State is expanding its footprint in Florida — specifically in Palm Bay and Melbourne, Fla. Three Brevard County apartment communities, Malabar Lakes, Park Village and Grand Oaks at the Lake, were included in the $47 million deal.

HC II LP of Denver sold the portfolio to Deancurt Melbourne LLC, which is an affiliate of Agawam, Mass.-based Deancurt Realty Group Inc. Managing Director Cole Whitaker and Senior Directors Hal Warren of Berkadia’s local department in Orlando brokered the sale, assisted by Jason Stanton of the company’s Tampa office.

The 112-unit Malabar Lakes is located in Palm Bay and it is currently 98.2 percent occupied. Its one- and two-bedroom floor plans feature fully equipped kitchens, pantries, washer and dryer connections, and a patios or balconies.

Park Village and Grand Oaks at the Lake are located in Melbourne. Park Village includes 138 one- and two-bedroom units that are currently 97.1 percent occupied, while the 300-unit, 98.3 percent occupied Grand Oaks at the Lake boasts one-, two- and three-bedroom units.

The properties were built in 1988, 1986, and 2000, respectively, and offer swimming pools, clubhouses, sports courts and barbecue areas. All three of them are located near Interstate 95 which means quick access to Orlando via Florida State Road 528.

Photo credit: Yardi Matrix

Royal Oak Homes Will Cut another Ribbon Soon

17 Jul 2015, 8:54 pm

By Balazs Szekely, Associate Editor

Sorrento Springs

Sorrento Springs

Just days after Royal Oak Homes announced the upcoming grand opening of a new single-family community in Groveland, the Orlando-based company broke news about another community nearing completion in Central Florida. Construction of the Sorrento Springs golf course community has entered its final phase which will add 30 home sites. The latest additions will range in size from 1,695 square feet to 3,237 square feet of living area, and will be priced from $183,999 to $245,999, according to co-president Matt Orosz.

Off SR 44A in Sorrento, Lake County, Sorrento Springs is located just eight miles from downtown Mount Dora, in close proximity to Lake Mary and an hour north of Orlando. It will offer one- and two-story homes with three to six bedrooms and two to four baths, which will be available in eight different configurations. The list of community amenities includes the Eagle Dunes 18-hole golf course and club, a resort style swimming pool, a clubhouse, fitness center, pavilion, playground and two tennis courts.

The developer is a family-owned firm — the successor of Cambridge Homes which has built more than 14,000 homes in Central Florida over the past 30 years. Founded in 2011, Royal Oak ranks among the Orlando area’s most active home builders and is currently working in 17 communities.

Photo credit: Royal Oak Homes

UPDATE: Eagle Pointe is Ready to Soar in Groveland

15 Jul 2015, 10:41 pm

By Balazs Szekely, Associate Editor

Eagle Pointe, Groveland

Eagle Pointe, Groveland

As MHN reported back in April, Royal Oak Homes has been busy lately with the launch of a new single-family community in Groveland. The local developer announced that it is preparing the grand opening for a set of 127 homes at Eagle Pointe.

Located off Silver Eagle Road and CR 565A, the property offers a selection of three one–story and four two – story customizable floor plans ranging from approximately 1,695 to 3,237 square feet. Seventeen home sites developed in the first phase are either lakefront parcels or have views of Cherry Lake and Cook Lake — two of the 11 lakes known as the Clermont Chain of Lakes. The country-style community is close to South Lake High School and Green Valley Golf Club, a par-72 championship course.

Royal Oak Homes is a family-owned firm and the successor of Cambridge Homes, which has built more than 14,000 homes in Central Florida over the past 30 years. Founded in 2011, Royal Oak ranks among the Orlando area’s most active home builders and is currently working in 17 communities. The homebuilder has scheduled the grand opening event for July 25, according to co-president Matt Orosz. They ultimately plan to build more than 310 homes in several phases at Eagle Pointe.

Photo credits: Royal Oak Homes

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