GlobeSt.com UPDATE: Xentury City Beats Out Rivals for $2B Venture

ORLANDO-Locally based Xentury City Development Co. has won a unanimous 5-0 vote from Osceola County commissioners to negotiate a contract with the county for a 500,000-sf convention center that will be the centerpiece of Xentury’s planned $2 billion commercial/retail/hospitality village in Kissimmee, FL, three miles east of Walt Disney World.

The site is on the southeast corner of Osceola Parkway and International Drive South, a hot development axis. Osceola has budgeted $98.5 million for the center.

Xentury has until mid-September to work out a development contract with the county. Xentury would break ground in November and target a February 2005 opening for the convention center and a 30-story, 1,000-room hotel planned with Starwood Hotels and Resorts Worldwide Inc. of White Plains, N.Y.