M/I Homes Begins Site Work for Phase 2 of the Vistas at Waters Edge Community in Apopka

APOPKA, Fla. -- With two model homes recently completed, M/I Homes is busy laying the groundwork for Phase 2 at the Vistas at Waters Edge, a gated, single-family home community on South Binion Road in Apopka.

Homes in the distinctive community – which is less than a mile from Florida Hospital/Advent Health

Brookhaven D elevation

Apopka – are priced from the low $300,000s to nearly $600,000, according to David Byrnes, area president of M/I Homes. The one- and two-story plans range from 2,000 to almost 5,000 square feet of living space.

The 75-acre community, on prime real estate overlooking Lake Apopka, will have 147 homes on 120-foot-deep homesites ranging in width from 60 to 75 feet.

When Phase 2 is completed later this year, Vistas at Waters Edge will have a number of parks with fountains, as well as a clubhouse, a pool with cabana, a picnic area and a multi-use trail that will connect with the Apopka’s trail system, Byrnes said.

The two lavishly-decorated four-bedroom, three-bath models – the Mediterranean-style Corina 2 and the Mission-style Brookhaven – are open for guest tours, he said. Both are built with an upstairs bonus room, a popular option that is available on each of the floor plans.

Base priced at $339,990, the Corina 2 has 2,317 square feet of living space, a covered lanai and a 2¾-car garage. The Brookhaven, which boasts 3,035 square feet of indoor living space plus a covered lanai and a two-car garage, is base-priced at $390,990.

Visit www.MIHomes.com to register for a model and community tour.

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About M/I Homes

M/I Homes, Inc. is one of the nation’s leading builders of single-family homes, having delivered more than 81,500 homes. The Company’s homes are marketed and sold under the trade names M/I Homes, Showcase Homes, TriStone Homes and Triumph Homes. The Company has homebuilding operations in Columbus and Cincinnati, Ohio; Chicago, Illinois; Indianapolis, Indiana; Tampa and Orlando, Florida; Austin, Houston and San Antonio, Texas; Charlotte and Raleigh, North Carolina; and the Virginia and Maryland suburbs of Washington, D.C.

NAI Realvest Closes $16.7 Million Land Sale to Lennar

180 Acres Will Expand Homebuilder’s Successful ChampionsGate Community

ORLANDO, Fla. – NAI Realvest closed on the sale of 180 acres located on Bella Citta Blvd. at Westside Blvd. adjacent to the ChampionsGate master planned community south of Orlando in the Four Corners area.  Lennar Homes, LLC purchased the land for $16.7 Million

Jason G. Toll, MiCP, Director at NAI Realvest, brokered the transaction on behalf of the buyer, and the seller Kendrick Grove managed by the Davidow and Fox families of Orlando.    

“This acquisition by Lennar will serve as a continuation of its highly successful ChampionsGate project,” said Toll.  

Site development will get underway this summer.  

Public records note the land was approved for 310 homes, townhomes and condominiums to be built in two phases as well as an amenity center and private park.

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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.

Hold-Thyssen Negotiates $9.65 Million Sale of 50-Year Old Apartment Complex in Winter Park

Evergreen Apartments

WINTER PARK, Fla. --- Robert P. Hold, principal at Hold-Thyssen, Inc., negotiated a sale of the 97-unit Evergreen Apartments in Winter Park. The value-add multi-family property built in 1972 that operated more than four decades

Bob Hold

at or over 95 percent occupancy recently sold for $9,650,000 or $99,484 per unit.

Hold purchased the property with partners for $725,200 in 1977 when the one-bedroom apartments were known as the place where the Minnesota Twins stayed during spring training. The most recent asking rents have been in the $800 per month range, Hold said.

The buyer, an affiliate of Massachusetts-based Aspen Square Management who invests in value-add multi-family opportunities, plans to completely renovate the entire interior and exterior of the complex. Cole Whitaker of Berkadia Real Estate Advisors represented the buyer in the transaction.

Hold-Thyssen Inc. is a full service commercial property firm that provides commercial property brokerage, leasing and management services to institutional and private investor clients nationwide. The 40-year old firm’s current management portfolio includes more that 100 commercial properties throughout the United States.

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NAI Realvest Closes on Sale of Prime Retail Property in Ocoee for a 15,000 Square Foot Retail Center Planned for Delivery by Q1 2020

OCOEE / ORLANDO, Fla. – Orlando-based NAI Realvest Principals Matt Cichocki and Kevin O’Connor recently negotiated the $800,000 sale of a prime piece of retail property at 2222 Ocoee Apopka Rd. in Ocoee.

Cichocki and O’Connor represented the buyer JeBaile Realty, LLC of Windermere who intends to construct a 15,000 square foot retail center on the 1.9-acre site with delivery expected in the first quarter of 2020.

The seller, Charlotte-based Ocoee Partners, LLC, was represented in the transaction by Bobby Palta of CBRE.

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About NAI Realvest:

NAI Realvest, serving 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.

Software Systems Manufacturer Selects New Long-Term Lease At SunTech Commerce Park

SunTech Commerce Park

LAKE MARY, Fla. – Lincoln Property Company, a full service commercial real estate firm, completed a new long-term lease agreement with Lo-Q, Inc. for 3,250 square feet of office space at SunTech Commerce Park, 59 Skyline Drive in Lake Mary.

Sean DuPree, CCIM brokered the transaction on behalf owner/landlord RCS-Suntech, LLC of Louisville, CO. Lo-Q, Inc., based in Lake Mary leased the space and was represented in the transaction by Paul Kelly with Coughlin Commercial.

DuPree heads the Lincoln Property Company team who handles the leasing at SunTech Commerce Park, a 224,359 square foot, six-building office/flex campus in Lake Mary’s high tech corridor.

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About Lincoln Property Southeast

Lincoln Property Southeast is a commercial real estate firm offering a comprehensive suite of value-added services for clients. With a substantial local presence and history in the Southeast region, the company is ideally situated to provide superior service, which comes from striving to understand the goals and challenges of tenants, investors, lenders and owners of commercial real estate.