The 14-acre project just east of Holly Hill Road was initially approved in 2016 for 106 townhomes plus 80,000 square feet of commercial space fronting on Davenport Boulevard. The developer has already delivered the first 10 townhomes and is awaiting a certificate of occupancy for the next 10.
The three-bedroom, 2.5-bath townhomes feature 10-foot ceilings, wood-look tile flooring and granite counters. Each unit also has a one-car garage and lanai, and start at $189,000, according to the website.
But Mousli said that after starting construction, he realized there was a greater demand for rental housing in Davenport. So he and a partner, Tampa attorney Gus Kaloti, decided to change out 40 townhomes for 66 garden-style apartments. The final unit count would be 66 townhomes and 66 apartments.
The apartments and townhomes would share the clubhouse and pool facilities, which are nearly complete. Mousli said he and Kaloti would hold the apartments as a long-term investment.
"Once we get approval from the city, we can move forward with all the architectural plans," he told GrowthSpotter.
David Norris Engineering is the project architect.
The developer has also applied for a modification to the existing Environmental Resource Permit to accommodate the added density.
Mousli said construction on the commercial multi-tenant buildings would commence toward the end of the residential work. The site plan shows four buildings, each 20,000 square feet, fronting on Davenport Boulevard (C.R. 547).
"We're hoping to have a fitness center there, some medical offices and food -- like a Subway," he said. "The entire project should be completed in 18 months."
Mousli is a neurologist and sleep specialist who said he has always had a passion for real estate. He and Kaloti founded Leaders Investment Group in 2014 as an investment vehicle for multiple projects in the region, including the 80-acre Preserve at Lake Ashton.