UPDATED: June 28, 2017 11:43 AM — Dan Bellows' Benjamin Partners Ltd. has 3 acres of the 73-acre Ravaudage property in Winter Park under contract to a Vero Beach-based senior living developer, with plans for an assisted living and memory care facility.
A Development Review Committee meeting on Wednesday will focus on development order modifications that affect Ravaudage overall, including some right-of-way vacations, a Bennett Avenue realignment and potential traffic signal at Lee Road, and the proposed care facility by Watercrest Senior Living Group.
If recommendations come at DRC, the development order modifications for Ravaudage would go next to the City Commission for approval. Watercrest would submit its own site plan that then goes to DRC for initial approval, potentially as soon as October.
Proposed for the northeast corner of Bennett Avenue and Glendon Parkway, Watercrest's 107-unit project would have a three-story assisted living component, large common area and courtyard, and an adjoining two-story memory care wing, Bellows told GrowthSpotter.
Watercrest has the site under contract, with a deposit that would go hard following DRC approval, he added.
The company opened an 80-unit senior living community in Lake Nona last year, with 54 assisted living and 24 memory-care homes complete with appliances, kitchenettes and chef-prepared meals, among other amenities.
Watercrest is also tabbed to manage a 120-unit assisted living facility to be developed by Providence One on Tupperware Brands' property along Osceola Parkway near a planned SunRail commuter rail station.
Current work at Ravaudage includes vertical construction by FINFROCK on Alliance Residential Company's seven-story, 268-unit apartment building, set on 2.3 acres it bought last December with partner The Carlyle Group.
A pad has also been built for a four-story, 97,600-square-foot self-storage building that Bellows' own Sydgan Corporation will build, projected to have 500 storage units, ground-floor retail and 11 apartments wrapping the exterior of the top floor.
Bellows' contractors recently finished moving approximately 40,000 cubic yards of dirt on the site to dig an expanded retention pond, and are preparing a 3-acre park.
"There's excitement out there now," he said. "We'll brand the self storage ourselves, build it, own and manage it."
Bainbridge Companies' deposit on 3.7 acres has gone hard with an expected closing in September, said Bellows, where the multifamily developer will build a five-story, 278-unit apartment complex.
Bellows also has an approved site plan for a six-story mixed-use building, originally planned for 80 office suites and 10,000 square feet of ground floor retail/dining that wraps a parking garage.
That building would rise in the surface parking area west of Miller's Ale House. But Bellows said Wednesday he also has an agreement with Hilton Worldwide for a four-story, 104-key Hampton Inn with parking garage on that pad.
"Hilton likes the pad better if it's fronting Lee Road, and there are questions over who would own it," he said. "I usually like mixed-use concepts, but another owner may prefer only hotel use on that site. So we haven't decided yet."
Northeast of the Ravaudage assemblage, developer Warner Peacock has 9.7 acres with uneven lot lines under the rebranded Peacock Ford dealership, where his Peacock Automotive is preparing an extensive redevelopment.
Bellows and Peacock have been discussing a land swap that could benefit both properties, but were unable to reach a deal, said Tad Dixon of Winter Park-based development consultancy First Team Commercial, project manager for Peacock on the property.
Peacock Ford is proceeding with its Planned Development rezoning application to the city of Maitland. Its PD has been through the Planning and Zoning Commission for review, and will now cycle back to the city's DRC to discuss the latest comments from PZC.
The development of Ravaudage has been a slow boil for Bellows since 2002, when he began acquiring land on the northwest corner of Lee Road and N. Orlando Avenue.
Fourteen years later, 73 contiguous acres have been amassed through more than 200 transactions, with entitlements for the mixed-use project collected from three different local governments.