Designed by Fugleberg Koch Architects Inc., the San Marco Resortwill comprise 472 units in two 15-story towers on 11 acres in theLake Buena Vista area of Orlando. Amenities planned for the resortinclude a fitness center, business center, restaurants, spa, coffeeshop, gift shop, newsstand and meeting space. The property willalso include a mini-golf course and putting green as well as a pooland a lake.

Pablo Marulanda, manager of Lake Buena Vista Developers, saysthat a successful condo-hotel project should be designed as ahotel, not a condo building. He adds that it is also important forthe property to have a well-known hotel flag with a strongreservation system and top-notch management. "We feel confidentthat our buyers will be very happy on the appreciation andperformance of their investment," he says. The developer did notname the flag the resort would operate under, but did say such anannouncement would be made soon.

Another recent project by Lake Buena Vista Developers is theacquisition and redevelopment of an office building at theintersection of State Road 535 and State Road 536 in Orlando. Thatbuilding serves as the both the company's headquarters and thesales center for the San Marco Resort. The development team says ithas completed the warm-up phase of its sales strategy and hasrecently begun contracting sales for the property. Informationabout the number of units sold so far was not available. Prices forthe one-, two- and three-bedroom vacation homes and penthousesstart in the upper $300s.

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