SVV Expansion

Looks like SVV is finally beginning construction on its final planned phase, South Beach.

Quote:

January 5, 2016 - Winter Park Construction (WPC), one of the nation’s most respected general contractors and one of the world’s largest timeshare builders, was recently selected to build Starwood Vacation Ownership’s next project at Sheraton Vistana Villages. Located in Orlando, Florida, the first phase of the project will consist of site work, a 3,000 square foot clubhouse, pool, amenity area along with 63 timeshare units. Construction will begin on this $27,000,000 phase in April 2016 and be complete in June of 2017. Approximately 150 construction jobs will be created during the project. This building will be the first of 11, built with an iconic architectural flair to celebrate the curves and neon of South Beach. At build out there will be 734 timeshare units on 26 acres.

The Form 10 released a few months ago (ILG and SVO) noted that SVV had 734 units left, which are all to be in "South Beach" as noted in the release above. This nearly doubles the existing 892 units, and will result in 1,626 units at buildout, more than SVR at 1,566 units.

I'm looking forward to the new phase. It will be interesting to see when the project is fully completed as only one building will be completed for 2017.

SVV Expansion