2691 Livingston Rd, Kissimmee, FL 34747 - Osceola County

DEVELOPMENT OPPORTUNITY!

-Fully entitled/partially constructed 378-unit multi-family / hospitality development.

-The Property is located in the Four Corners/Kissimmee West section of Osceola County in the southwest sector of the overall Orlando MSA.

-The development plans feature: living units, a clubhouse, swimming pool and pet hotel, along with other amenities.

-The planned 378-unit mix consists of one-, two- and three-bedroom units.

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, a 378-unit condominium development located at 2691 Livingston Rd, Kissimmee, FL.

Osceola Countys approval of the Owners 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 Champions Gate and Reunion.

Zoning/Entitlements/ Construction Permits According to Osceola County land use records, the Property is zoned Commercial Tourist (CT), and lies within the Short Term Rental Overlay district. The future land use designation is Tourist Commercial.