New York-based developer United Group is seeking site plan approval from the City of Kissimmee for a 108-unit apartment complex on John Young Parkway, about two blocks north of W. Vine Street.
The Hamilton at Lakeside would be built on roughly 6 acres, accessing John Young Parkway via Bermuda Lakes Lane. United Group President and CEO Michael Uccellini told GrowthSpotter he hopes to break ground by the Q4 on the $20 million project.
Hanson Walter & Associates filed construction plans last month with the South Florida Water Management District. The site plan shows a pair of four-story buildings, with 60 units in the larger of the two and some covered parking. The buildings will have open breezeways with elevators.
The community would feature a 4,909-square-foot clubhouse and saltwater pool with a hot tub and outdoor kitchen and picnic area. The extensive amenities also include a large pergola and outdoor lounge area, fire pit, dog park, sport court and walking trails.
"We want the community to be a step above what's available now in the area," Uccellini said. "That's what residents are looking for today."
Chief Marketing Officer Jonathan Masullo said the clubhouse would feature a business office and conference room, game room with billiard table, fitness center with locker rooms, a yoga room and sauna.
Geheber Lewis Associates is the project architect. The Atlanta-based firm specializes in loft-style communities with upgraded amenities, such as salt-water swimming pools, cabanas and cyber cafes.
The unit interiors will include nine-foot ceilings and vinyl plank flooring throughout the living areas and bedrooms, tiled bathrooms, granite counters and stainless steel appliances.
"We're also going to incorporate smart technology into each apartment," Masullo said. "We'll have a central hub, and residents will be able to control their thermostat, lighting and door locks with their smart phones."
Uccellini said rents are expected to start at $1,250 for a one-bedroom unit and $1,460 for two-bedroom units, but those numbers are subject to change.
Hamilton would be United Group's second multifamily asset in Kissimmee. The company also owns The Gables at Lakeside immediately north of the site.
Kissimmee has been attracting new investment in Class A multifamily product.
Last week, Winter Park-based Atlantic Housing Partners closed on a nearly 14-acre parcel on Old Vineland Road for the first phase of a 377-unit apartment complex. An affiliate company paid $1.18 million for the land, slated for a mix of three-story apartment buildings and carriage house product.
Wisconsin-based Continental Properties paid $4.15 million in October for a 22-acre site in Kissimmee's Tapestry master-planned community, and is currently building a 288-unit luxury apartment complex called Springs at Tapestry, scheduled to open in Fall 2017.