National multifamily developer Fore Property Company is planning what could be its second apartment project by Disney’s Flamingo Crossings, shortly following the construction of its 352-unit Westerly apartment community nearby.
Records show the developer is seeking approvals from Orange County that would allow it to build a multiphase apartment complex with up to 472 units next to Flamingo Crossings West, a roughly 1,300-unit multifamily project under construction that will help provide housing for Disney’s college program.
Fore Property is prepping a roughly 130-acre site, east of Avalon Road and south of Western Way, but only about 24 acres will be utilized for construction. The property is near its market-rate Westerly apartment community at 14600 Westerly Dr. that’s now leasing its first units.
The Westerly consists of 10, 4-story multifamily buildings, a 24-hour fitness center, outdoor courtyard lounge with barbecue grills, resort-style pool with two-story overlook, and a pet spa. Fore Property paid $6.8 million for the 26.75-acre site in 2019.
A conceptual site plan shows Fore Property’s latest project, dubbed the Overlook Apartments, consists of two phases. The first phase calls for around 220 apartment units across two multifamily buildings, 10 carriage buildings, garage space, walking trails, a dog park, two amenity centers, and a swimming pool.
The second phase consists of about 230 apartments across three multifamily buildings. The second phase also includes 10 carriage buildings, garage space, walking trails, a dog park, two amenity centers, and a swimming pool. The two phases share a retention pond at its center that will feature water amenities, according to the conceptual site plan.
The roughly 130 acres are currently owned by Holiday Inn Club Vacations Inc.
Harris Civil Engineers is the civil engineer and Scott + Cormia is the architect. Representatives with Fore Property Company declined to comment on plans.
Overlook Apartments abuts where a Disney-related entity is currently building out the 1,291-unit Flamingo Crossings West community along Rock Pigeon Loop. To the east of Hartzog Road, directly across The Westerly, a Disney-related entity recently completed its 1,323-unit Flamingo Crossings East multifamily community at 13335 Hartzog Road.
Last month, Flamingo Crossings East opened up applications to students at their college program after being suspended due to precautions about spreading the COVID-19 virus. Cast members and Disney employees who handle operations can also seek to lease an apartment in the community.
Flamingo Crossings East and West feature apartments with up to four bedrooms, large 24-hour fitness centers, outside BBQ grills, basketball courts, beach volleyball courts and resort-style swimming pools with beach entry. The communities are part of Flamingo Crossings Village, a 10-phase, $615 million residential community for participants of the Disney College Program. As of today, four of the project’s 10 phases have been completed.
American Campus Communities, the nation’s largest owner and manager of student housing properties in the U.S., is a partner in the project.
Meanwhile, construction for the 45-acre Flamingo Town Center, located off S.R. 429 and near to the Western Way entrance to Walt Disney World, is well underway.
Announced tenants include Target, PDQ, Five Guys, Ben & Jerry’s, Dunkin’, Wendy’s, Five Below, Domino’s, Ellie Lou’s Brews & BBQ, Firehouse Subs, Persimmon Hollow Brewing Co., Pieology Pizzeria, Gyu-Kaku Japanese BBQ and a UPS Store.
Fore Property entered the Central Florida market in 2005 and has since completed a handful of multifamily developments that primarily reside in Osceola’s Tupperware/LOOP submarket.
In 2016, the company developed a 288-unit apartment complex in Kissimmee called Lugano. Two years later, that company sold the complex for $59.15 million to Atlanta-based Cortland Partners.
It’s currently building 19 South, a 384-unit transit-oriented apartment community on Osceola Parkway. Completed developments include the 216-unit Monterosso complex, the 256-unit Vernazza community and the 350-unit Rapallo community in Kissimmee.
In Orange County, Fore Property is under contract to purchase about 16 acres along Florida’s Turnpike in Ocoee with plans to build a 410-unit apartment community.
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