The nation’s largest multifamily developer has a purchase contract for three lots in St. Cloud’s Stevens Plantation Corporate Campus for a future apartment community.
Alliance Residential has filed a Site Development Plan with the city for a 264-unit community within the dependent special district. The developer has a $2 million purchase contract with the city for the site, which comprises 10.85 acres. The site is at the northwest corner of Progress Lane and Budinger Avenue, across from St. Cloud Preparatory Academy, a K-8 charter school, and just south of St. Cloud Elementary School.
The site plan by Harris Civil Engineers consists of 11 garden-style apartment buildings with surface parking. The plan shows a pool, clubhouse and dog park as the included amenities.
Alliance ranked first in 2019 by National Multifamily Housing Council among the largest apartment developers in the nation based on its nearly 7,000 units under construction. It’s known locally for having completed the Broadstone Winter Park in Ravaudage in a JV partnership with The Carlyle Group.
Alliance also partnered with Titan Properties in 2019 to bid for a second multifamily site Stevens Plantation on Canoe Creek Boulevard. Titan was one of three finalists but dropped out of the bidding process after the St. Cloud City Council asked the developers to come back for a second round with better offers.
The company is also under contract to buy an 18-acre site on the southeast corner of Avalon Road and Hartzog Road in the Four Corners area of Orange County. Avalon filed a Development Plan for a 300-unit garden-style apartment community called Avalon Pointe Apartments, also designed by HLR.
Last year Alliance announced a strategic partnership with Dwelô to roll-out the company’s smart technology package in more than 25,000 apartments nationwide. The Dwelô app allows residents to control lights, utilities and door locks with the smartphones.
“We tested multiple platforms and vendors, and Dwelô’s support and ability to scale were important factors in our decision to partner with them — they recognize that smart device rollouts are not purely about technology but require a human solution for implementation plus ongoing support to ensure success," Alliance VP of Technology Scott Pechersky said in a release.
St. Cloud also has 4.5 acres in Stevens Plantation under contract to American Residential Development for one of its Madison-branded affordable, senior housing towers. The developer has applied for Low Income Housing Tax Credits for the project.