On September 15, 2017, Deerfield Land Corporation closed on the sale of approximately 14 acres located at the Northwest corner of the intersection of Orange Avenue and Osceola Parkway for a 122,000 s.f. medical complex. The transaction is the first in the transportation-oriented development of Deerfield's project. The first phase of the Orlando Health project is scheduled to begin construction immediately and be completed by year-end 2018.
Deerfield Land Corporation is pleased to announce the sale of a 2.14-acre parcel to Morningstar Properties for the development of a 100,000 square foot mini-storage facility at the intersection of Centerview Boulevard and Batts Street south of the Vernazza Apartments project and west of the Providence One Sage Park assisted living and memory care facility.
We are happy to announce the sale to Providence One of a 3.4-scre site on the northwest corner of the intersection of John Young Parkway and Centerview Boulevard for the development of 104 assisted living units and 24 memory care units. The facility will be immediately south of the Vernazza apartment site and the Best Buy.
We are happy to announce a third sale to Fore Properties Company of a 13-acre site on Batts Street on the west side of John Young Parkway for the development of a 256-unit market-rate, luxury apartment project named Vernazza.
These apartments will be immediately south of the Best Buy store and have close proximity to both the Loop and Crosslands shopping centers. They are expected to open for occupancy in 2018.
Deerfield Land Corporation has entered into an agreement with Osceola County, which was unanimously approved by the Osceola County Board of County Commissioners at its October 19, 2015 meeting.
Under the agreement, Deerfield Land will undertake the reconstruction of Orange Avenue from Osceola Parkway to the northern Osceola County border as a four-lane, divided highway. Deerfield Land will also donate approximately 14 acres of land to Osceola County for the expanded road right-of-way and other public uses throughout its Osceola Corporate Center development. The agreement is expected to provide improvements to Osceola County’s infrastructure valued at approximately $8 million, for which Deerfield Land will receive mobility fee credits.
Work on the project will begin immediately, with completion preceding the opening of the Tupperware Station in phase 2 south of the SunRail commuter rail project. Deerfield Land expects that the completed road improvements, including utilities and signalization, will lead to the transportation-oriented development of nearly 150 acres surrounding the reconstructed road segment, beginning as early as mid-2016. Uses intended for the development include office, retail, multi-family residential and hotel.
TUPPERWARE BRANDS CORPORATION (NYSE: TUP) today announced that it has secured tenants for its latest retail development, in partnership with O’Connor Capital Partners. The project will include over 100,000 square feet of retail development and will be located in the 800 block of West Osceola Parkway in northern Osceola County, Florida. The leasing tenants will be: the award-winning 4 Rivers Smokehouse, 24-Hour Fitness and Burlington Coat Factory, and will complement the partners’ adjacent Crosslands shopping center, which opened in November 2014. The partners expect to break ground in October with an expected opening date by May 2016.
These retail projects are part of a 500-acre tract surrounding Tupperware Brands’ worldwide headquarters that has been in development over the last 12 years, including retail, office, multi-family residential and hotel uses. The eastern part of the project will include a SunRail station, to be named the Tupperware Station, as phase II of the commuter rail line is implemented by 2017. Federal funding for phase II was announced on September 28th by the Department of Transportation.
On September 28, 2015, SunRail announced the funding of the $93 million in Federal funds to complete the 17-mile phase 2 south segment of the SunRail line.
This segment will expand the line from Sand Lake Road in Orange County to Poinciana in Osceola County, including the “Tupperware Station” situated on the eastern edge of the Deerfield Land Corporation’s development project.
It is expected that this approval will now lead to rapid development of Deerfield’s transportation-oriented development properties, comprising 150 acres in both Orange and Osceola Counties.
We are happy to announce a sale to Osceola Pointe Partners, Ltd. of a site on Osceola Parkway for the development of a 176-unit affordable-rate apartment project named Osceola Pointe Apartments. These apartments are the first development of Deerfield’s Transportation-Oriented Development property, a short distance from the future Tupperware SunRail Station.
The Crosslands shopping center in Kissimmee has a new website.
Please visit: http://www.thecrosslandsfl.com/ for an up-to-date directory and other information.