When he first saw the 77 acres of vacant land in the heart of Orlando’s International Drive corridor, Brock Nicholas knew he had found a unicorn.
As president of Lennar’s Orlando Division, Nicholas had built and sold thousands of vacation homes in Osceola County, but he had never found a location suitable for a resort community so close to the Orange County Convention Center and Universal theme parks.
Everyone from Lennar, to Pulte to Park Square Homes, to Encore Homes, was building resort communities in Kissimmee or the Four Corners area.
“So everything you build out there has to be better than the last thing that got built, and so there’s a little bit of an arms race in the way those communities get developed,” he told GrowthSpotter. “So it just gets more and more expensive.”
Nicholas wanted to find a site that could be developed as a residential-style resort community in a commercial hub to serve groups and family travelers.
The property, at 5120 Del Verde Way just south of Dezerland Park, checked all the boxes. The city of Orlando approved the zoning to allow 70 of the same large-scale vacation homes being built at ChampionsGate, along with 200 attached four- and five-bedroom townhouse-style units and 256 apartment-style units with two and three bedrooms. A massive amenity lies in the middle that’s walkable from every unit. read more