Miami-based Urban Network Capital Group (UNCG) is putting the final touches on a new conceptual plan for a mixed-use residential community in the Reunion area that will appeal to all generations.
UNCG controls about 38 acres just off Osceola-Polk Line Road at Sullivan Road and is drafting a preliminary subdivision plan for the neighborhood that will have its own main street and community center. The developer is applying for Community Center zoning.
Principal Robert Thorne told GrowthSpotter the self-contained “Visions” community will have a mix of housing product types ranging from loft condos priced in the high $100,000s to estate homes in the $500,000s.
The one- and two-bedroom lofts will be part of a mixed-use main street section of the community with the housing over retail and commercial uses. This will be the only section of the community where short-term rental will be allowed.
“Those lofts are made for young people that want a starter place,” Thorne said. “These are going to be in the $180-190,000 range — very affordable — which will allow them to have a lifestyle where they can walk downstairs and there will be restaurants, there will be coffee shops, there will be dry cleaners, there will be a gym. There will be all kinds of commercial businesses that will provide a complete lifestyle for everybody in the project.”
The buildings are also designed with interior corridors accessing leasable storage units. The plan calls for 172 loft units and about 500 storage units. “You cannot tell that there is a storage building at all whatsoever in there,” Thorne said. “It’s incorporated into the main buildings of Main Street, and it’s in the core of the building, so you don’t see them. They’re different access with different elevators and everything.”
“We’re introducing a very modern contemporary look to the whole project,” Thorne said. “We think that it’s something that people are wanting. They want that different look. We’re spending a lot of money, and we will spend a lot of money on architecture.”
The alternating two- and three-story townhouse units will be unique to the market. The larger units all have a full ensuite bedroom or flex office on the ground floor and covered terraces built over the roofs of the adjacent two-story units. Townhouse prices will start in the high $300,000s.
“Every single unit that we’re building, whether it’s the lofts all the way up to the homes, they all have a space to work from, whether it’s a nook that we’ve designed in the loft or a separate bedroom or a loft area, all include desk space so that people can work there.”
Another 5 acres is reserved for future development entitled for 200 multifamily units. Thorne said it was critical to secure that parcel because it allows UNCG to meet the density required under the Community Center zoning.
“We were going to do a lower density project, to begin with,” Thorne said. “The county staff insisted they wanted higher density, so we increased the lofts area, and we carved out the big piece for future development.”
The project includes a 124-unit active adult condo building, which Thorne says would be comparable to The Gatherings at Lake Nona. Residents will have a card room, library and their own pool, as well as having access to the Visions amenity center.
The master plan also shows 37 detached single-family homes which all will enjoy water views. The plan calls for 20 rear-loaded homes on 35-foot lots. Each will have a detached, 2-car garage with an option to add an accessory dwelling unit or living space over the garage. Pricing for the four- and five-bedroom homes would start in the high $400,000s.
The 17 estate homes would rise on lots up to a quarter-acre in size. Floorplans would vary from four to six bedrooms, and prices would start in the high $700,000s. “The estate homes are comparable to Bear’s Den, but our entry-level price is much less,” Thorne said.
UNCG has retained La Rosa Realty to manage sales for the entire project, which will have an estimated value in excess of $100 million at buildout, with a goal to bringing it to market in the third quarter. “They want us to do it all at once because they feel the demand for the market is there,” Thorne said. “So we will do our site work for the entire project in one phase.”
Poulos & Bennett is the civil engineer tasked with securing environmental permits and designing the infrastructure, including multiple ponds.
The Visions site is on a segment of County Road 532 that is being widened to four lanes, and it will have a future road connection to the north, linking it to Celebration.
UNCG has completed a dozen condominium projects across South Florida, as well as the Aloft, Element and Four Points Sheraton hotels — all in Miami. Principal Robert Thorne told GrowthSpotter that other than a few projects in Mexico, UNCG is shifting its focus and operations to Central Florida, primarily in Osceola County.
The first is the $32 million project on Kissimmee’s W192 tourism corridor, just west of Storey Lake Resort and across from Lake Cecile. The Flats Resort and Spa will be a 160-unit condo hotel will a mix of fully furnished units ranging from studios up to 3-bedroom units with a full service spa, a gym and 24-hour restaurant service. The developer opens the sales center this week for the condo hotel.
Thorne said UNCG would employ the same well building techniques in all of the homes in The Visions. Circadian lighting will be installed in every unit. The paints are non-toxic and allergy-free, and each home will contain probiotic eco sanitizing diffusion systems to kill bacteria and viruses in the air and on surfaces. Even the showers purify the water to remove chlorine and diffuse it with vitamin C and collagen.
“Everything that we build in Orlando, and what we want to be known for, is building well-living homes so people feel safe and protected in the environment they live in,” Thorne said.