Details
Fisher Auction Company and HREC Investment Advisors, as sole and exclusive agents for Primeland Real Estate Development LLC – under the auspices of the United States Bankruptcy Court for the Middle District of Florida, Orlando Division – are pleased to offer for sale the fee simple interest in the fully entitled/partially constructed “Sycamore Resort” (“Property”), a 378-unit condominium development located at 2691 Livingston Rd, Kissimmee, FL.
Osceola County’s approval of the Owner’s proposed Site Development Plan (“SPD”) for the Project was conveyed via letter of approval dated July 17, 2020. Subsequently, a site plan revision was approved in September 2021.
As envisioned by the Developer, the market positioning for Sycamore Resort was intended to be a “condominium hotel” with associated resort amenities. As such, the completed and fully furnished condominium units were to be sold to individual investors for their personal use and/or rental to third parties, and the management of the “hotel” operation was to be provided for by a professional management company.
To date, there have been no closings on any individual condominium units. To this point the Debtor, and thus the court, has full control of the real property associated with the Project. The Property is located in the “Four Corners/Kissimmee West” section of unincorporated Osceola County in the southwest sector of the overall Orlando market area – just south of Disney World along the “192 Corridor.” Four Corners includes such developments as Champion’s Gate and Reunion.
For More Information Please Email - info@fisherauction.com
