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Osceola County Developments

Developer eyes land near Disney for new apartments

This initial concept calls for 210 garden apartments on the 6-acre site at the northwest corner of Sinclair Road and State Road 429.

A 6-acre parcel on Sinclair Road is being eyed for development as a multifamily community, which would make it the fourth new apartment complex to be built at the interchange with State Road 429.

Sergio Garcia with Ajutech Design Group had a pre-application meeting this month with Osceola County to discuss rezoning the parcel at the northwest quadrant of the interchange for multifamily use. The property currently has Agricultural/Conservation zoning, but the future land use is Tourist Commercial.

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Garcia said his client is looking to build a 210-unit garden-style multifamily community consisting of 3-story walk-up buildings. The developer would likely seek a parking reduction from the county standard of 1.5 spaces for one-bedroom units and two spaces for two-bedroom units.

The property is next to The Haven at Reunion, which was developed by DeBartolo and sold in 2019 to Cortland for $71 million. But it also abuts the Happy Trails estate-style community, which is designated by the county as a rural enclave.

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Amy Templeton, senior zoning manager, said the developer would need to rezone to Commercial Tourist, which allows up to 40 residential units per acre. But the applicant also would need to participate in a community meeting because of the proximity to the rural enclave. The developer might have to build a 40-foot landscape buffer along the boundary with Happy Trails.

The parcel is part of 126 acres that Avanti Property Group bought for $8 million in May 2015. The Avanti assemblage at one time covered all four quadrants of the Sinclair Road-S.R. 429 interchange, but portions have been sold off in recent years for a new convenience store, a church and two apartment complexes.

Another development group put the property under contract in 2020 with plans for a small grocery store or self-storage facility, but the deal never closed.

Across the street, D.R. Horton is the contracted buyer for 60 acres at the southwest corner of the interchange and plans a mixed-use development with townhomes and apartments. Horton has submitted a Preliminary Subdivision Plan for the townhouse portion of the community, which would have 146 units. The plan leaves 15 acres for the multifamily portion, and it carves out two commercial outparcels fronting on Sinclair.

The Falcone Group built Reunion at 400, a 288-unit apartment complex at the southeast quadrant of the interchange, which it sold to American Landmark Apartments last summer for $65.2 million. Just north of that, Pinnacle Communities is currently building 312 units on 24 acres.

Have a tip about Central Florida development? Contact me at lkinsler@GrowthSpotter.com or (407) 420-6261, or tweet me at @byLauraKinsler. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.


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