A 100-to-120-room hotel and 18 to 20 condos are planned at Toho Square downtown, with $4.3 million in city redevelopment money. Completion is targeted for 2029.
Kissimmee has signed off on the deal that would put a hotel, condos and two new parks on city land at Toho Square downtown. The City Commission approved the master development agreement with SkyView Kissimmee Hotel Developer LLC on Tuesday. The board of the Downtown Kissimmee Community Redevelopment Agency then approved it too.
Both votes are recorded in the city’s action summary for the Oct. 6 meeting. The commission passed the item on its consent agenda.
What would be built
The site is about 2.4 acres of city-owned land on Pleasant Street between Ruby Avenue and Monument Avenue, around the Toho Square parking garage. The city’s staff report, in the full agenda packet, splits the project into two phases.
Phase 1, the hotel:
- a five-story, select-service hotel with 100 to 120 rooms, named as “Fairfield by Marriott or equal”
- a public linear park of about 23,000 square feet along the railroad
- noise barriers and landscaping along the tracks
- moving KUA electric lines and extending Toho Water Authority water and sewer to the site
Phase 2, the condos:
- a five-story building with 18 to 20 owner-occupied condominiums
- about 5,000 square feet of street-level retail on the ground floor
- a public pocket park
The agreement sets a floor of 100 hotel rooms and 18 condos. The parking garage itself stays with the city and is not part of the land for sale.
What the city is selling, and for how much
SkyView gets an option to buy the land in two pieces. The hotel parcel, about 0.6 acres, would sell for $120,000. The condo parcel, about 0.25 acres, would sell for $50,000.
The agreement says the city had the land appraised, and that the appraisal came in above the sale price. The commission found the sale is still in the public interest because of what SkyView has agreed to build. The appraised value is not given in the packet.
The public money
The redevelopment agency would put in about $4.3 million in total, according to Exhibit D of the agreement. Most of it is paid only after the buildings open.
| Item | Amount | When it is paid |
|---|---|---|
| Hotel phase: rezoning, design, park, rail noise work, utilities, permit fee refund | $1.4 million | over fiscal 2026-27 and 2027-28, based on work in place |
| Hotel phase: Pioneer Project Incentive Program grant | $1.5 million | over five years after the certificate of occupancy |
| Condo phase: Pioneer Project Incentive Program grant | $1.3 million | over five years after the certificate of occupancy |
| Condo phase: permit fee and impact fee refunds | $100,000 | over fiscal 2026-27 and 2027-28 |
Before any reimbursement, SkyView must show an independent accountant’s certification that it has made the investment it committed to. The payments also depend on the agency’s budget each year. Any soil cleanup on the site, which the agreement calls a known brownfield, is the city’s responsibility.
The timeline
The schedule in Exhibit E of the agreement sets these target dates:
- November 2026: agreement signed; rezoning, replatting, surveys and hotel and condo design begin
- November 2027: the land closings for both phases, and construction starts
- July 2028: work begins on the pocket park
- October 2029: both phases complete
- October 2031: the outside date for finishing the development
The staff summary in the same packet gives slightly earlier dates, with land closings in September 2027 and the hotel done by March 2029. The agreement’s own exhibit is the one quoted above.
Approval does not let SkyView start building. The agreement says the project still needs a rezoning, a site plan, a replat and building permits through the city’s normal process.
How it got here
The commission picked SkyView for Toho Square on July 1, 2025, after weighing competing proposals, and told the city manager to negotiate a deal. Tuesday’s vote turns that choice into a contract with dates and money attached.
What it means for you
- Nothing changes on the ground yet. The garage, Pleasant Street and the square stay as they are while the rezoning and permits go through, which the schedule puts at about a year.
- You will get a say on the rezoning. A rezoning goes through public hearings before the city decides. We follow those on our building permits and zoning page.
- The garage is not being sold. Its use alongside the hotel is covered by a separate parking agreement attached to the deal.
- For more on the area, see our guide to downtown Kissimmee and the Who to call at City Hall page.
Have your say