From the Orlando Sentinel: “MargaritaVillage on track for county approval”
Developers of the proposed MargaritaVillage resort in western Osceola County are on track to get approval to construct the massive 300-acre lifestyle community.
The project, located off U.S. 192 near the interchange with State Road 429, would include a hotel and more than 1,000 timeshare units, condominiums and vacation homes.
The county’s Development Review Committee is scheduled to discuss the proposal during its Aug. 19 meeting. The project’s preliminary subdivision plan, which details the overall concept and plan for the resort, will be reviewed, according to a meeting agenda.
Mark Pino, the county’s spokesman, said Encore, as they said Wednesday, could receive final approval for the entire project in six months. “It is entirely possible for the Margarita Resort developer to, as they told you yesterday, begin construction in six months as the property was already rezoned for Commercial Tourist,” Pino said in an email.
Preliminary plans posted on the Osceola County website show general plans for the parcel. The resort’s main entrance would be off U.S. 192 with non-residential buildings near the main entrance. The resort, to be built on the former Splendid China attraction site, will be themed around the laid-back atmosphere described in Jimmy Buffett songs.
Further into the resort, the Margaritaville-branded hotel becomes the focal point. It’s expected to have 175 to 300 rooms. About 200 timeshare units would be located adjacent to the proposed hotel. The rest of the community includes about 500 vacation-rental homes, 200 condominiums, 350 apartments, and land for various amenities.
Jim Bagley, general manager of Encore, said they hope to start vertical construction in the third quarter of next year. The resort would open in early 2017, said Bagley, with a six-month window for the entire resort to be operational, said Art Falcone, managing principal and co-founder of Encore.
A new website for the resort is available at: www.margaritavillage.com
Article source: http://www.buffettnews.com/2015/08/15/24797/