Park Square Commercial will be looking for site plan approval Tuesday from Kissimmee’s Development Review Committee so it can begin construction drawings for its next multifamily community in Sonoma Resort at Tapestry.
Development Director Sid Gautam told GrowthSpotter the company’s goal is secure permits and financing to start construction on the 322-unit complex early in the third quarter of 2023.
The 17.6-acre site was carved out of a larger 50-acre parcel that was planned for future phases of Park Square’s Sonoma Resort. The developer has already started building a second phase of the resort community and won City Council approval to amend the Tapestry Planned Unit Development to allow the multifamily units.
The site plan creates two distinctive building types. The bulk of the garden-style units will be spread among five 4-story, elevator-served buildings on the southern half of the property. Along the northern property line, where the site backs up to a row of single-family homes in the resort, Park Square will introduce a 2-story carriage house product for the first time.
The site plan from Poulos & Bennett calls for five carriage house buildings, each with six units and garages. The plan calls for 20 three-bedroom units and 10 four-bedroom units.
“We’re trying to replicate a single-family feel in our rental product, and we had plenty of space to work so we could manage our density,” Gautam said.
Gautam said the project is designed around a central pond with the clubhouse and pool overlooking the water — a concept borrowed from the firm’s nearby Aston Square project in Kissimmee. All of the units will either be facing the pond or overlooking the adjacent conservation area. “We’re going to be creating some outdoor exercise spots and grilling stations and pavilions with a trail that connects to Shingle Creek Park through Tapestry.”
Additional outdoor amenities include a tot lot, pickleball court, bocce ball and community garden. Park Square is also introducing a new flex space concept in the clubhouse that allows tenants to use the lounge areas for private parties.
Park Square anticipates an 18-20 month construction period. The company has three multifamily communities in development now and has just started horizontal site work for its dual-branded hotel at the Tupperware SunRail station.
Gautam said the company is also wrapping up construction on two townhouse projects: Champions Chase in Davenport and Valencia Isle near the University of Central Florida.
Park Square also will be expanding its Build-to-Rent portfolio with a new project in St. Cloud. “We’ll be starting site development soon,” Gautam said.