A Winter Park apartment developer that specializes in affordable housing is seeking land use and zoning changes for a 377-unit complex on Old Vineland Road in Kissimmee.
Atlantic Housing Partners has filed a PUD application with the City of Kissimmee and goes before its Development Review Committee next week. The application was filed by Marc Gauthier, vice president of Atlantic's non-profit partner, Southern Investment Group.
The city will consider the request concurrently with a proposed comprehensive plan amendment to change the land use from low-density single-family residential to multi-family medium-density for the 25-acre site.
The property is located on three parcels on Old Vineland Road, just north of U.S. 192. Atlantic consultant HCi Planning said the new land use and zoning would provide a natural transition between the single family community on the east and the high intensity Tourist Commercial W192 Redevelopment District on the west.
The existing zoning would allow a max of between seven and nine units per acre, limiting development to duplex and triplex units.
Instead, Atlantic is planning a two-phase development with traditional three-story apartment buildings on the southern half of the property. The northern half of the parcel, which abuts the Whispering Pines neighborhood, would include a mix of two-story carriage house units and/or single-story villas.
"While the maximum density permitted by the future land use designation is 503 units, the anticipated development of the site would approach 300 units," according to the application. "The proposed multi-family development has the flexibility to be designed in a way that clusters density away from the existing Whispering Oaks single family. It also allows for the concentration of open space and preservation of existing trees in a way that duplex or triplex developments, particularly fee simple, cannot accomplish due to infrastructure requirements."
HCi submitted two potential concept plans. The first would utilize a mix of three-story buildings and carriage house units in Phase One, and only carriage units in Phase Two. The second concept would use the same format for Phase One, but Phase Two would be limited to one-story villas.
Atlantic Housing Partners, founded in 2006 by several former executives of The CED Companies, specializes in using low-interest loans and housing finance tax credits to build affordable apartment homes, like the recently completed Lexington Court in downtown Orlando.
Kissimmee Senior Planner Ashley Cornelison told GrowthSpotter the developer plans to do market-rate housing in Phase One.
"Phase Two will only be affordable housing if they receive tax credits for senior housing," she added. "Meaning it will only be affordable if it's age restricted. Otherwise, it will be market rate traditional or age-restricted housing."