Commission hears updates on six major development projects including Azure hotel and Hyatt Studios

City staff delivered a consolidated update on six major development projects in Kissimmee and outlined anticipated milestones and outstanding items.

Staff reported the Azure Hotel/master development agreement was approved Aug. 19; site design and engineering are underway, county discussions continue about tourist‑development tax funding for the convention facility, and construction targeting a mid‑February start (including Civic Center demolition) was noted. For the Toho Square Skyview project, the commission approved a site‑access agreement that allows the developer to perform due diligence; staff said developers are evaluating hotel flag options to secure investor confidence and draft development agreements are being exchanged.

Beaumont Phase 2 (a medical office building and parking garage) remains on hold while the principal tenant concluded leadership changes, but staff expects development‑review submittal before year‑end. The Kmart site attracted multiple proposals and staff said short‑list interviews continue with a recommendation planned for October. The Hyatt Studios hotel at Kissimmee Gateway Airport has development‑review approval and a ground‑lease approved in May; staff expects site‑construction submittal in October and a March 2026 groundbreaking target. Cirrus Aviation Parcel 8 received FDOT site‑work funding; the private developer recently indicated it will seek third‑party financing rather than the previously intended city‑loan model and has requested an option extension while its leadership visits next week.

Commissioners asked about timeline acceleration and fast‑track review; staff said partner projects will be fast‑tracked and will return with submittals and agreements as milestones are reached.