The Future of Luxury Living: Magnifica Planned for Osceola County

A transformative luxury residential community and resort is set to redefine the meaning of high-end living in Osceola County. Windermere-based CIG Companies recently unveiled plans for Magnifica, a multibillion-dollar project encompassing 1,800 acres near Celebration, Florida. The community promises to "set new benchmarks in elevated lifestyle experiences" with unparalleled amenities and features designed for high-net-worth individuals.

The Vision Behind Magnifica

During an exclusive launch event at the Dr. Phillips Center for the Performing Arts in Orlando, CIG co-founders Charles and Stacey Carey revealed the project details for Magnifica. Located on Brown Ranch Six off Poinciana Boulevard, the development will feature:

• A 1,720-acre luxury golf community with 250 bespoke mansions and 50 high-end condos.
• A 72-acre adjacent resort with 224 luxury suites and residences.

The Careys described their vision as a timeless and sustainable brand encompassing private residences, resorts, and even air travel. "We aspire to perfect the highest standards in hospitality," they said, emphasizing meticulous planning inspired by visits to top resorts and spas across the U.S. and Europe.

Community Highlights

Magnifica Residences

• Homes: Customizable estates ranging from 3,200 to 14,000 square feet on lots of 0.75 to 5 acres. Homes will be offered in five architectural styles: British West Indies, French Riviera, Spanish Mediterranean, Italian Coast, and Island Contemporary. Prices are expected to reach the tens of millions.
• Condos: Clubhouse residences ranging from 1,500 to 9,200 square feet with private terraces and resort-style amenities.
• Luxury Amenities:
  • A 60,000-square-foot spa and wellness facility.
  • Personalized sports coaching, executive golf courses, tennis, pickleball, and multipurpose fields.
  • Resident-only dining led by Executive Chef Gabriel Massip.
  • Unique features like discreet refrigerator restocking services and optional chef’s kitchens.

Sustainability & Green Space

• Over 600 acres will be preserved for green space, featuring extensive trails and natural landscapes.
• The community will include onsite solar arrays and landscaping designed to minimize water use.

Amenities for Families

• Children’s adventure courses, organized sports, gaming rooms, and craft spaces ensure activities for all ages.

The Resort Experience

The adjacent resort will complement the community with:

• A 70,000-square-foot spa, nature trails, a private 9-hole golf course, and wellness lounges.
• Suites and residences ranging from 550 to 13,000 square feet, with the centerpiece being a two-story penthouse featuring five bedrooms and five bathrooms.
• Six dining venues, including a rooftop restaurant and French bakery, as well as ballrooms and outdoor event spaces.

Development Timeline

The project is expected to break ground in summer 2025, with the first residents moving in by early 2026. The first phase is anticipated to include 75–100 homes. According to Alex Latorre, Director of Strategic Development at Magnifica, the project will cost "well over $1 billion" and aims to "redefine luxury."

Why Osceola County?

Charles Carey emphasized that Central Florida is the ideal location for this ambitious project, citing its growing appeal as a luxury destination. The development will attract high-net-worth buyers who typically reside in exclusive communities like Isleworth and Golden Oak. Osceola County Commissioner Peggy Choudhry praised the project, stating, “Our community needs all types of housing, from affordable to luxury.”

Zoning & Conservation

The site combines Tourist Commercial zoning and Agricultural/Conservation zoning. Wetland studies and conservation efforts are ongoing to determine how much of the land can be developed.

A Look Ahead

Magnifica will be the flagship project under the Magnifica brand, with plans to expand the concept to other major cities like Chicago, Los Angeles, and New York. However, Osceola County will serve as the inaugural location, setting the tone for future developments.

Sources:

• Summarized from reporting by Ty Williams for GrowthSpotter. Original article published on December 9, 2024.