Equinox Development Affiliate Sells 10 Acres on Orange/Osceola County Border*
Updated: Sep 24, 2020
*Please note that the report incorrectly reported the sale as 19 acres. A representative involved with the sale contacted me to advise that the subject sale related to 10 acres of a larger property owned by the affiliate of Equinox Development, Waterstar Orlando, LLC.
An affiliate of Equinox Development, Waterstar Orlando, LLC. closed on its sale of approximately 10 acres of development land located near 192 and the 429 expressway last Monday, September 21.
The buyer is an affiliate of Madison Capital Group, a private investment and advisory firm based in Charlotte, NC and Charleston, SC.
The total purchase price is $8,000,000.00.
According to sales materials discovered by the author, the property was marketed as a resort site with commercial frontage. The property's proximity to the Disney theme parks and across the street from the new Margaritaville Resort, make it an attractive site for timeshare and other resort developments.
* It has come to the author's attention that the property will be developed for multi-family use (apartment, etc.).
The Seller, Waterstar Orlando, retained certain land adjacent to the subject site, where it is presently undertaking development of the Waterstar Orlando mixed-use development. As of the time of this article, the author is uncertain how the sale affects the overall development of the Waterstar mixed-use development.
The Seller, Waterstar Orlando, LLC, is under management and control of Ryan Stahl, President and CEO of Orlando-based development firm, Equinox Development.
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Chirag B. Kabrawala, Esq.
Kabrawala Law Group PLLC