Winter Park-based Hillpointe is planning to add a 288-unit apartment development southwest of the intersection of Ronald Reagan Parkway and U.S. 17-92 in Davenport, across from the gated golf community of Providence.
Hillpointe’s Nick Everly discussed plans with the Polk County Development Review Committee for the 20.9 acres on Gaines Lane the company is in talks to buy from Gotts Family Properties of Kennewick, Wash. A site plan by Traffic Planning and Design, Inc shows nine buildings to be 3-story walkups with 2-bedroom/2-bath units, according to planning documents. Orlando-based KPM Franklin is the civil engineer.
Everly said real estate attorneys are still in talks, mostly about purchasing the pond on the property. Hillpointe then wants to create a joint-use easement back to the county for the pond, he said.
“We know it’s something we need to work out in the next phase,” Everly said. The project is a level-3 project and will have to seek approval by Polk County’s planning commission.
Hillpointe has developed more than 4,000 units in multifamily communities in Florida, South Carolina, and Georgia, according to its website. In Florida, Pointe Grand Apartment Homes in Daytona Beach is leasing, while three others – in Palm Coast, Ocala and Jacksonville – are slated to open in the fall. Hillpointe develops, constructs, sources materials and manages the properties all in-house.
The Davenport site plan doesn’t show amenities or many details – Pointe Grand offers two-bedroom apartments with 1,170 square feet of open living space and “a variety of upscale interior touches, including wood-inspired flooring, quartz countertops, stainless steel appliances, oversized kitchen islands, LED lighting, keyless entry.” A typical Hillpointe amenity package includes include a resort-style swimming pool with private cabanas and a 24-hour fitness center featuring Cross-Fit and Precor, as well as a private yoga studio, a dog park with agility equipment.
The Davenport property sits along Lake Locke, offering a natural water feature and amenity. The site plan shows 60 garage parking spaces and 535 surface parking spaces throughout the property.
This is the second new apartment community planned in the immediate area. Last year, Providence developer ABD Development Co. received site development approval for a two-phased apartment complex to be built on 75.5 acres and new entrance road from Reagan Parkway. The complex would be built in two phases and have 527 units. The site plan from VHB calls for a 6,160-square-foot clubhouse and a separate car-care facility.
In April, ABD sold the multifamily site to Abacus Capital Group for $9.5 million. Last week, the developer submitted a revised site development plan.
The demand for apartments continues across the country as housing prices and inflation go up. The Florida market demand for apartments outpaced supply in the past 12 months and the Orlando-area market led the way, according to the National Association of Realtors.
GrowthSpotter editor Laura Kinsler contributed to this report.
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