O’Connor Capital Partners (OCP) and Tupperware Brands Corporation (TUP) are once again collaborating to develop new projects in Osceola County.
Since the beginning of the companies’ long history of real estate co-development, OCP and TUP have invested more than $400 million in the county building out one million square feet to-date.
Now, the companies will begin a new 37-acre transit-oriented development on land adjacent to the Tupperware SunRail station.
The development expects to include up to 1,700 units of housing, 180,000 square feet of retail, a 120-room hotel and 60,000 square feet of office space.
Currently, this site offers SunRail train access, Central Florida’s commuter rail line that connects riders in Osceola County with 16 stations spanning four counties.
With plans for Virgin Trains to extend service to Orlando by 2021, Osceola County will have direct access to Orlando International Airport (OIA) and Tampa in the future via the SunRail Tupperware station.
• OCP recently won the right to purchase a 4.34-acre site at 2892 N. Orange Blossom Trail, which will combine with a 5.5-acre site at the intersection of Orange Blossom Trail and Osceola Parkway to improve accessibility.
• OCP also expects to start on a 4-acre site at the northwest corner of Orange Avenue and Tupperware Boulevard later this year with a gas station and retail and restaurant developments.
The two companies were responsible for building The Loop and The Crosslands, two successful premier retail shopping, dining and entertainment complexes covering more than 130-acres of land in northern Osceola County.
“We have enjoyed a very successful long-term relationship with Tupperware, and believe that moving forward these projects will continue to create compelling transit-oriented mixed-use destinations in Osceola County,” said John O’Connor, head of acquisitions for O’Connor Capital Partners. “As the Orlando region expands, our focus is to create retail, office, hospitality and residential spaces that appeal to the local population as well as the visitor market.”