Multi-Family Residential Developments

  • Company that built condemned Celebration apartments files for Chapter 11

    Company that built condemned Celebration apartments files for Chapter 11

    The construction company that built a luxury apartment complex in Celebration that was condemned a year after completion has now filed for Chapter 11 bankruptcy protection in the Southern District of Texas. Urban Oaks Builders, a wholly-owned subsidiary of Texas-based Hines, announced the filing...

  • Solis at Winter Park joins TruAmerica's growing Central Florida apartment holdings

    Solis at Winter Park joins TruAmerica's growing Central Florida apartment holdings

    The Solis at Winter Park apartment complex along Goldenrod Road has sold for $79 million, with buyer TruAmerica Multifamily looking for more properties that fits its criteria in Orlando, Senior Managing Director Matthew Ferrari told GrowthSpotter on Tuesday. Having picked up five other properties...

  • S2 Capital enters Orlando market with portfolio deal for apartments

    S2 Capital enters Orlando market with portfolio deal for apartments

    Texas-based S2 Capital has its eye on owning 5,000 apartments in Metro Orlando after making its entry by purchasing more than 1,600 apartments east of the Millenia area for a total of $124.5 million. The sale includes Grandview Pointe on Americana Boulevard and Lake View Pointe on Rio Grande Avenue...

  • Altamonte developer seeks approval for high-end condos in Maitland

    Altamonte developer seeks approval for high-end condos in Maitland

    Altamonte Springs-based ERM Development Corp. wants to build a 50-unit luxury, lakefront condominium community in Maitland that will appeal to well-off empty nesters. ERM president and owner Eli Melamed told GrowthSpotter the proposed condos at 473 S. Keller Road will be approximately 2,100 square...

  • Millenia Lakes developer plans amenity-rich apartment community near mall

    Millenia Lakes developer plans amenity-rich apartment community near mall

    Just weeks after divesting of two Millenia Lakes office buildings, a Chicago-based investment firm will go to Orlando's Municipal Planning Board seeking approval to build 323 luxury apartments just across the lake. Barings Real Estate Advisers and a development partner, American Land Ventures (ALV),...

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  • Magic to file revised master plan for downtown entertainment district

    Magic to file revised master plan for downtown entertainment district

    With groundbreaking anticipated in 2019, the Orlando Magic and its new architect have revised the master plan for the long-anticipated Sports and Entertainment District across from the Amway Center and are actively seeking development partners for the hotel and multifamily components of the district....

  • City board green lights design for X Orlando apartment tower

    City board green lights design for X Orlando apartment tower

    Orlando's Appearance Review Board gave tentative approval Thursday to Manhattan developer Property Markets Group (PMG) for the first phase of its proposed three-tower mixed-use project on one of the most high-profile lots in the central business district. "I think what we’re looking at here is...

  • Starwood Property Trust purchase of south Orlando apartments progresses portfolio deal

    Starwood Property Trust purchase of south Orlando apartments progresses portfolio deal

    The sale of a south Orlando apartment complex to an affiliate of Starwood Property Trust for a recorded $33.4 million brings completion nearer for a $600 million multi-family portfolio sale that stretches across Central Florida and reaches into other regions. The 312-unit Sand Lake Pointe Apartments...

  • Apartment tower planned on church-owned land in downtown Orlando

    Apartment tower planned on church-owned land in downtown Orlando

    Tennessee-based Mid America Apartment Communities (MAA) is eyeing a 2-acre corner lot in downtown Orlando for a new 325-unit apartment tower with ground-floor retail. MAA filed a Master Plan (MP) with the city for 9-story tower and parking garage at 336 N. Orange Ave., immediately south of the...

  • Benge Development outlines big 429 West mixed-use project in Apopka

    Benge Development outlines big 429 West mixed-use project in Apopka

    Benge Development revealed on Monday plans for a 100- to 130-acre mixed-use development at the northwest corner of state roads 429 and 441, with an early cost estimated of $400 million, that stands to become the largest in development along the Western Beltway north of Florida’s Turnpike. Plans...

  • Meritage plans 200 townhomes in Ocoee off S.R. 429 & West Orange Trail

    Meritage plans 200 townhomes in Ocoee off S.R. 429 & West Orange Trail

    Meritage Homes is looking to build 200 townhomes on 29 acres in Ocoee on the West Orange Trail just west of State Road 429. The Greens at Forest Lake community is expected to begin construction a year from now, said Adam Schott, Director of Land Acquisition for Meritage, and will include homes...

  • Epoch Residential plans Palm Parkway apartments after purchase from Daryl Carter

    Epoch Residential plans Palm Parkway apartments after purchase from Daryl Carter

    The latest big land deal along Palm Parkway and Interstate 4 has Daryl M. Carter one step away from exiting the mixed-use corridor, closing on 10 acres south of Daryl Carter Parkway with buyer Epoch Residential for a recorded $7.5 million. Epoch’s plan is to build 250 apartments on the parcel south...

  • Equinox plans 48-acre mixed-use town center across from Margaritaville Resort

    Equinox plans 48-acre mixed-use town center across from Margaritaville Resort

    Maitland-based Equinox Development Properties has assembled nearly 50 acres next to Disney's Animal Kingdom and across from Margaritaville Resort for a mixed-use town center combining experiential retail, dining, residential and hotel uses. Dubbed "WaterStar Orlando," the town center in southwest...

  • NeoCity-area apartments to provide relief for W192 Kissimmee motel families

    NeoCity-area apartments to provide relief for W192 Kissimmee motel families

    One of Osceola County's leading developers of affordable multifamily housing will build an 80-unit apartment complex less than a mile from the NeoCity high-tech district. Birdsong Housing Partners is under contract to buy 11.6 acres at the intersection of Simpson Road and East U.S. 192, near the...

  • Veteran Polk developer prepping Winter Haven multifamily site for sale

    Veteran Polk developer prepping Winter Haven multifamily site for sale

    Longtime Lakeland real estate developer and homebuilder Larry Glenn Sr. is prepping to sell 19 acres in Winter Haven he bought and sat on for nearly 20 years. Glenn told GrowthSpotter Coldwell Banker Commercial's Gary Ralston will list the site on Spirit Lake Road and will target apartment developers....

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  • BBX pursues new multifamily option for segment of Gardens on Millenia

    BBX pursues new multifamily option for segment of Gardens on Millenia

    BBX Capital Real Estate is pursuing a new multifamily option for what may be the last developable segment of its 87-acre Gardens on Millenia project, east of the Mall at Millenia. The Fort Lauderdale-based developer says roughly 9.5 partially submerged acres remain with development potential on...

  • Pollack Shores brings site near UCF under contract for new apartments

    Pollack Shores brings site near UCF under contract for new apartments

    Atlanta-based multifamily developer Pollack Shores Real Estate Group has 11.5 acres under contract near the University of Central Florida, with plans for up to 230 units at a price point it expects will undercut most new Class A apartments by at least $500 per month.  The developer filed a request...

  • Affordable housing developer eyes site in Kissimmee for new apartment complex

    Affordable housing developer eyes site in Kissimmee for new apartment complex

    A South Florida multifamily developer that specializes in affordable housing has plans to build 96 apartments next to Kissimmee's Shingle Creek Regional Park. Kemissa Colin, a development analyst for Housing Trust Group, met Tuesday with Kissimmee's Development Review Committee to finalize the...

  • Co-developer & design plans surface for Creative Village's first market rate apts

    Co-developer & design plans surface for Creative Village's first market rate apts

    Coral Gables-based The Allen Morris Company will co-develop the first market rate apartments in downtown Orlando's Creative Village with Ustler Development, marking its second Class A multifamily venture locally since 2014.  Located at the southwest corner of Amelia Street and Terry Avenue, the...

  • Multifamily developer plans Orlando market entry w/20 acres in MetroWest

    Multifamily developer plans Orlando market entry w/20 acres in MetroWest

    Georgia-based multifamily developer RISE: A Real Estate Company has nearly 20 acres under contract in MetroWest with plans to make its Orlando market entry, and would partner with a Tampa-based developer to deliver supporting retail.  Located on the northwest corner of Raleigh Street and S. Kirkman...

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  • Aventura-based multifamily investor pays $68.5M to enter Clermont market

    Aventura-based multifamily investor pays $68.5M to enter Clermont market

    An Aventura-based multifamily investor paid $68.5 million last week for its fourth property in Greater Orlando, buying a new complex in Clermont with its sights set on more core-plus properties in the region. An affiliate of Advenir LLC bought the year-old, 328-unit Veve at Castle Hill apartments...

  • Kissimmee active adult apartments across from The LOOP sell for $29.5M

    Kissimmee active adult apartments across from The LOOP sell for $29.5M

    One of the busiest multifamily developers in Kissimmee's LOOP/Tupperware submarket has sold an active-adult apartment complex to a national real estate investment firm for $29.5 million. Palm Beach Gardens-based Eastwind Development and co-developer Index Investment Group built the four-story,...

  • Taurus nears permit & groundbreaking on Phase 1 of Apopka City Center

    Taurus nears permit & groundbreaking on Phase 1 of Apopka City Center

    Site work on the first-phase hotel at Apopka City Center should begin in the third quarter by developer Taurus Southern Investments, with key widening of public roads by the city to follow before year's end, a lead executive with the company told GrowthSpotter.  Apopka's City Council reviewed a...

  • Mosaic unveils new master plan, schedule for Kissimmee downtown redevelopment

    Mosaic unveils new master plan, schedule for Kissimmee downtown redevelopment

    Kissimmee's downtown redevelopment partner told city leaders this week it expects to break ground in January on 300-plus units of Class A multifamily housing across from Lakeview Park. Mosaic Development Principal Roxanne Amoroso told GrowthSpotter the firm will ask City Commissioners to approve...

  • St. Cloud Council to vote on $8.25M land sale for new Stevens Plantation mixed-use

    St. Cloud Council to vote on $8.25M land sale for new Stevens Plantation mixed-use

    St. Cloud's City Council is scheduled to vote Thursday on two contracts to sell a combined 198 acres to a Longwood developer for an ambitious, commercial-focused mixed-use development along Canoe Creek Road. Telesis Services LLC beat out three other competitive bidders for the 56-acre parcel and a...

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  • South Florida developer eyes Kissimmee site for new apartment complex

    South Florida developer eyes Kissimmee site for new apartment complex

    South Florida-based Paragon Group has proposed building apartments on the former 11th and 12th holes of the closed Buenaventura Lakes West golf course in Kissimmee. Paragon/Granada Development has a contract to buy the 14-acre site from Iglesia Cristiana Renuevo. The property abuts a 3.6-acre parcel...

  • ContraVest pursues lakefront apts site from Egyptian seller along South I-Drive

    ContraVest pursues lakefront apts site from Egyptian seller along South I-Drive

    Altamonte Springs-based multifamily developer ContraVest has part of a 51-acre lakefront parcel under contract along S. International Drive, with the Egyptian land owner retaining the balance for future commercial and hospitality development options. The builder and manager of market-rate apartment...

  • Wood Partners files new apts plan for Darden land on John Young Pkwy

    Wood Partners files new apts plan for Darden land on John Young Pkwy

    National multifamily developer Wood Partners filed plans Thursday for its second new apartment complex on John Young Parkway east of Orlando's tourism corridor, following through on Darden Corporation land it has had under contract since early this year.  The company filed a Development Plan for...

  • Downtown Orlando apt building owner challenges approval of tri-tower plans

    Downtown Orlando apt building owner challenges approval of tri-tower plans

    The owner of a downtown Orlando apartment building is pushing back against plans to develop a three-tower mixed-use project next door, filing a formal appeal with the city that claims the plans violate an array of rights it holds from a past master plan approval. The project in question is Manhattan-based...

  • Demetree shakes up entitlements for apts and retail redevelopment near UCF

    Demetree shakes up entitlements for apts and retail redevelopment near UCF

    Winter Park-based Demetree Global wants to shift entitlements for the phased redevelopment of an expansive corner it owns just west of the University of Central Florida's main entrance, introducing multifamily at a busy intersection.  The company's affiliates own more than 48 semi-contiguous acres...

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  • National multifamily group pays $81M+ to enter Orlando student housing market

    National multifamily group pays $81M+ to enter Orlando student housing market

    Atlanta-based Preferred Apartment Communities paid more than $81.72 million last week for a 221-unit, 894-bed student housing community near the University of Central Florida, with the seller turning an estimated $9.2 million profit in less than three years.  Located about three miles south of...

  • Tampa-based multifamily group enters Kissimmee market via portfolio buy

    Tampa-based multifamily group enters Kissimmee market via portfolio buy

    Tampa-based multifamily investor American Landmark paid $69.767 million on Wednesday for a 432-unit property in Kissimmee, part of a four-asset portfolio deal totaling 1,212 units across three states.  Located at 3101 Segreto Lane, the former Bella Apartments date to 2010 and were 96 percent occupied...

  • TH Real Estate pays $55.5M for apts near UCF, its 3rd local asset buy in May

    TH Real Estate pays $55.5M for apts near UCF, its 3rd local asset buy in May

    An affiliate of New York-based TH Real Estate paid $55.5 million last week for the 336-unit Arden Villas apartments in east Orlando near the University of Central Florida, marking its third local acquisition in the past month.  Located at 3303 Arden Villas Blvd., less than a mile west of UCF's...

  • Blackstone affiliate pays $60M+ for apartments in East Orange

    Blackstone affiliate pays $60M+ for apartments in East Orange

    A multifamily affiliate of New York-based Blackstone Group, one of the world's largest private equity firms, paid $60.88 million on Wednesday for the 396-unit Knightsbridge at Stoneybrook apartments in east Orange County, part of a five-asset portfolio deal that totaled $279.72 million. Located...

  • University Club buys space in new downtown Orlando tower, preps buildout

    University Club buys space in new downtown Orlando tower, preps buildout

    The University Club of Orlando paid more than $2.135 million on Friday for four floors of space in the new Modera Central tower in downtown Orlando, and could begin buildout in two weeks with a goal of opening by year's end, its president told GrowthSpotter.  Addressed at 125 E. Pine St., the 22-story...

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  • Sarasota housing investor buys former motel-turned-HUD apts in west Orlando

    Sarasota housing investor buys former motel-turned-HUD apts in west Orlando

    A Sarasota-based affordable housing operator paid $3.424 million on Friday for a motel-turned-apartment complex in west Orlando, with another $4 million in immediate investment planned to change the asset's profile.  The 4.6-acre property was formerly a crime-ridden weekly 214-room motel operating...

  • Bluerock REIT pays $62M+ for new Class A apartments near SeaWorld

    Bluerock REIT pays $62M+ for new Class A apartments near SeaWorld

    An affiliate of Bluerock Residential Growth REIT paid $62.85 million on Thursday for it's sixth multifamily property in Greater Orlando, buying a 268-unit Class A project built less than a year ago. Located at 6901 Westwood Blvd., with frontage on Interstate 4 and less than a mile from SeaWorld,...

  • New TOD development booming around some SunRail stations, but Sanford lags

    New TOD development booming around some SunRail stations, but Sanford lags

    SunRail's planned extension to DeLand is still very much up in the air, but that hasn't stalled developer interest around the northernmost station in DeBary. Integra Land Co. expects to break ground this summer on a 289-unit luxury apartment community at the DeBary Town Center, a five-minute walk...

  • International CRE group pays $72M+ for new Casselberry apartments complex

    International CRE group pays $72M+ for new Casselberry apartments complex

    An affiliate of real estate investment management group TH Real Estate paid $72.25 million last week for a new Class A apartments complex in Casselberry, its second local acquisition in the past seven months. The company bought the 336-unit former Bainbridge Casselberry apartments that were built...

  • Harbor Group pays $64M+ for 3rd Orlando-area new Class A apts asset

    Harbor Group pays $64M+ for 3rd Orlando-area new Class A apts asset

    Virginia-based commercial real estate investors Harbor Group International paid $64.5 million on Monday for its third multifamily property in Greater Orlando bought in the past 18 months.  Located at 7261 Crossroads Garden Drive, the 314-unit former Alexan Crossroads apartments anchors a main 12.73-acre...

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  • Atlantic Housing preps mixed-income multifamily site SW of Orlando airport

    Atlantic Housing preps mixed-income multifamily site SW of Orlando airport

    Winter Park-based Atlantic Housing Partners has more than 14 acres under contract southwest of Orlando International Airport, with plans for a new mixed-income or market-rate apartment complex near a growing hub of airport and industrial jobs.   The affordable housing developer filed a Development...

  • Alliance Residential plans new mixed-use apartments site west of Sanford

    Alliance Residential plans new mixed-use apartments site west of Sanford

    National multifamily owner-operator Alliance Residential Company has 17 acres under contract near a highway intersection west of Sanford, with newly-filed plans for Class A apartments and supporting retail.  Located at the southwest corner of International Parkway and S.R. 46 just west of an on-ramp...

  • Winter Park developers look to entitle well-placed parcel in Horizon West Village H

    Winter Park developers look to entitle well-placed parcel in Horizon West Village H

    Two principals behind Winter Park-based developer Titan Properties are preparing to entitle a prime pocket of land in Horizon West's Village H, just as the residential development wave heads their way.  Located at 10553 Avalon Road on the southeast corner with Flamingo Crossings Boulevard, the...

  • Michaelson & partners drop $16.8M on Orlando apts complex in off-market deal

    Michaelson & partners drop $16.8M on Orlando apts complex in off-market deal

    Jacksonville-based multifamily owner-operator Michaelson Real Estate Group paid $16.85 million on Wednesday for the 160-unit Casienna Apartments in south Orlando, marking its 20th property in Greater Orlando. Located at 5703 Stoneridge Court, based on the corner of W. Oak Ridge Road and S. Texas...

  • Kissimmee W192 Lake Cecile site eyed for new condo resort community

    Kissimmee W192 Lake Cecile site eyed for new condo resort community

    A Brazilian multifamily developer is planning its Orlando entry via Kissimmee with a $30 million condominium project on the W192 tourism corridor. Four Seasons Company partner Ricardo Amaral and his representatives met this week with Osceola County's Development Review Committee to discuss developing...

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  • Developer ready to revive dormant Snow White Village apartment project

    Developer ready to revive dormant Snow White Village apartment project

    Representatives for The Jaymor Group met Wednesday with Osceola's Development Review Committee to discuss building a 304-unit apartment complex on the site of the former Snow White Village trailer park in Kissimmee's tourism corridor. Jaymor is based in Canada, and specializes in multifamily and...

  • Design evolves for tri-tower project in downtown Orlando w/green elements

    Design evolves for tri-tower project in downtown Orlando w/green elements

    Manhattan-based developer Property Markets Group (PMG) is pushing new green design elements for its proposed three-tower residential project in downtown Orlando, and has drawn city staff feedback this week that is complimentary and critical of some aspects.  The company filed plans last month for downtown's...

  • Camden buys downtown Orlando site, will lead completion of multifamily project

    Camden buys downtown Orlando site, will lead completion of multifamily project

    Camden Property Trust is taking the reins on completing development of Jefferson Apartment Group's second multifamily project in downtown Orlando's Thornton Park, paying more than $11.3 million for the land and opportunity to brand the building.  Jefferson's sale, which closed April 12 and was...

  • Land owner seeks commercial use options in path of Daryl Carter Pkwy extension

    Land owner seeks commercial use options in path of Daryl Carter Pkwy extension

    A primary land owner in the path of the future 1.6-mile extension of Daryl Carter Parkway wants to amend zoning to allow retail and other commercial uses, meant to open the area up to new development on the horizon. The change is being sought by The Kerina Group, a land owner with more than 220...

  • Collier Companies joins JV to lead dormant multifamily project in NW Orange

    Collier Companies joins JV to lead dormant multifamily project in NW Orange

    Gainesville-based The Collier Companies is taking over development of a long-delayed apartment project in northwest Orange County between Apopka and Maitland. The multifamily developer and operator paid more than $3.19 million last week for 45.75 acres at 2695 S. Orange Blossom Trail, less than...

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