Israeli businessman Bebo Kovo has secured approval for a large mixed-use development in Orlando, Florida, after county commissioners reversed an earlier rejection. The revised Tuscany Plan covers 227 acres near International Drive and calls for thousands of homes, hotel rooms and commercial space. The company estimates the completed development could be valued at about $19 billion.
Key takeaways
- Orange County commissioners approved the revised Tuscany Plan on September 29, 2026.
- The proposal includes 4,814 apartments, 1,291 hotel rooms and about 653,000 square feet of commercial space.
- The project is planned for the Shingle Creek area, close to Orlando’s convention center and major tourism destinations.
- Approval includes environmental and infrastructure conditions for continued development.
A large-scale plan for Shingle Creek
The project spans approximately 920 dunams, or 227 acres, near International Drive and Orlando’s main visitor attractions. Its proposed mix of residences, hospitality, retail, dining and entertainment is intended to create a destination serving both visitors and residents. The plans include branded luxury residences and international hotel offerings, according to the project vision described by Kovo.
The site borders the Orange County Convention Center and is near Walt Disney World and Universal’s parks. It is also adjacent to a large open park area. Orlando welcomed about 76.7 million visitors in 2025, according to local tourism bureau figures cited in the report.
Approval follows an earlier rejection
The approval came after a lengthy review. Commissioners rejected an earlier version of the plan in May 2025. Developers sought a review, and on September 29, 2026, the board approved a revised proposal that retained the planned residential, hotel and commercial components while adding environmental and infrastructure conditions.
The decision clears a significant planning hurdle, but the conditions will shape the project’s next stages. The approval itself does not establish a construction schedule or guarantee that every proposed component will proceed as envisioned.
Years of land assembly and a wider ambition
Company information says 144 separate parcels were consolidated between 2014 and 2021 into one tract, which the company currently values at about $1 billion. The estimated $19 billion figure refers to the development’s value upon completion, rather than the stated value of the assembled land.
Kovo has previously been involved in developing market complexes in London’s Camden Market. For the Florida project, he has described an ambition to blend luxury, hospitality and entertainment with Orlando’s parks and open spaces. The scale and location could bring substantial new activity to the area if the plan advances through its remaining development stages.
- Bebo Kovo’s $19b. Florida real estate project receives approval, The Jerusalem Post.