Orlando-based Elevation Developmentis eyeing property between ChampionsGate and Reunion for a new residential community.
Elevation has a purchase contract for the balance of the vacant 99-acres that Osceola County recently approved for High Density Residential future land use. The site lies about a half mile north of the C.R. 532, just outside of the ChampionsGate boundaries and directly east of where Bella Citta Boulevard currently dead ends into Goodman Road.
Atlanta-based Cortland Partners has already rezoned 18 acres in the southwest corner of the property and submitted a Site Development Plan for Cortland ChampionsGate, a 353-unit Class A apartment community just north of Bella Trae condominiums. That deal is expected to close in the first quarter of 2021, according to NAI Realvest brokers Mary Frances West and Jon D. Walls, who represent the sellers.
Walls took part in a pre-application meeting Wednesday with Elevation managing partner Shaman Foradi and Osceola County’s Development Review Committee. The contract covers roughly 44 acres of upland property that could be developed into three pods, but Foradi told county planners Elevation would rather build a lower density product, likely townhomes, and were concerned about being able to meet minimum density requirement of 18 dwelling units per acre.
“With the current pandemic that is going on, having a really high density, I hate to say, is not to our favor right now,” Foradi said. “So we’re trying to see if there is a minimum density that we can achieve that we can do perhaps townhomes and a mix of some apartments.”
The planning staff told Foradi the portion of land with Tourist Commercial future land use allows for more flexibility, with a minimum density of 5 units per acre and max of 40.
Foradi also asked if the alignment for the future Bella Citta Boulevard extension could be reconsidered. The sellers entered into a developer agreement with the county to build the road as a condition of the HDR comprehensive plan amendment. The current alignment hugs the existing gas line easement that travels northeast through the wetlands and eventually connects to Sinclair Road in Reunion Resort.
Foradi said Elevation favors a more east-west road alignment through the property, which would provide better access and connectivity to an 8.95-acre upland in the southeast corner of the site where they envision the townhouse community. DRC Chairman Jose Gomez suggested they schedule a separate meeting with transportation staff and with Kimley Horn, which is already working on the road design for Reunion.
“I think there may be an opportunity to tweak that alignment a little bit, maybe not get it all the way through your property, but there may be an opportunity to do something a little bit differently,” Gomez said. “I think that’s why your input is important in this process because it may be mutually beneficial, since you would control the right of way.”
Elevation Development and JV partner The Latigo Group are already in development on the luxury Lynwind multifamily community nearby on Lake Wilson Road. It’s one of two projects they’ve teamed up on; the other is in Kissimmee. Combined, they'' add over 1,000 units to the market.