Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(To read more on the multifamily market, click here.)

KISSIMMEE, FL-Bowing to strong opposition from residents, Kissimmee city commissioners have rejected an estimated $100-million redevelopment plan by private developers to erect 400 residential condominiums and an undetermined number of condo-hotel rooms.

Bob Snow, the lead developer of the Kissimmee Landing development team, tells GlobeSt.com he “doesn’t know at this time” if he and his associates will resubmit a revised development plan to the city. Austin, TX-based FaulknerUSA and Orlando developer Carson Good worked with Snow on the proposal for a year at a personal cost to the developers of about $200,000.

The Kissimmee Community Redevelopment Agency had previously approved Faulkner’s lakefront proposal. Snow and Good joined Faulkner’s group in September to push the project. City commissioners couldn’t be reached at GlobeSt.com’s publication deadline to learn what the next step would be for the acreage. However, city staffers say the city will hold a series of public hearings in the near future to learn what residents would like to see in a redevelopment project.

Besides the residential and commercial condos, the Snow-Faulkner-Good proposal included a restaurant; marina improvements; a wider sidewalk along Lake Tohopekaliga; and transformation of the old power plant into a brew pub, grocery or restaurant.

FaulknerUSA is still trying to convince Osceola County commissioners to develop an estimated $400-million, 250,000-sf project, as GlobeSt.com previously reported. That proposal is pending.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.