Fast-growing Continental Properties is entering the Orlando market via Kissimmee with plans for a 288-unit luxury apartment complex in the master-planned Tapestry community.
Based just outside of Milwaukee, Wisconsin, Continental has developed 49 apartment communities, including five on Florida's Gulf Coast. The company launched its Springs Apartments brand in Bradenton.
Springs at Tapestry already has an approved site plan for 13 buildings with attached and detached garages built around a large pond. It will have 144 two-bedroom units and 144 studio or one-bedroom units. The plan also calls for a clubhouse and pool and two fenced pet play areas.
Kissimmee Senior Planner Ashley Cornelison said city staff is currently reviewing the construction plans. She told GrowthSpotter the nearly 22-acre site is entitled for up to 300 residential units.
The site plan also was submitted Monday to the South Florida Water Management District. No one at Continental could be reached for comment on Tuesday.
The company's newest apartment communities feature upgrades such as granite counters and stainless steel appliances, yoga studios and pet spas. Some units even have wine refrigerators.
Master developer Mattamy Orlando plans 1,100 homes and townhomes at Tapestry, but other builders are active in the community, including KB Homes and Park Square Homes.
Continental has had the parcel under contract since 2014. The current owner is Connecticut-based developer David A. Mack. He bought the parcel in 2013 for $2 million.
Established in 1979, Continental also has divisions focused on retail and hospitality development. The company surpassed 10,000 apartment units developed in 2014, and last year broke ground on more than 2,000 apartment units in six states.
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