Atlanta-based Wood Partners plans an expansion of its Alta apartment brand with 324 units in northeastern Polk County near Davenport. The multifamily real estate company has filed plans to build nine 3-story buildings at the northwestern corner of Home Run Blvd and Heller Brothers Blvd to be called Alta Davenport – the company’s first community in the county.
The 20-acre property is triangular. The site plan shows two buildings on the south side at Home Run Boulevard with the rest on the interior of the community surrounding a retention pond with single-story clubhouse and amenities in the center. Plans show 162 one-bedroom, 126 two-bedroom and 36 three-bedroom apartments. Wood Partners owns several Alta-branded communities in the greater Orlando area and recently opened Alta Winter Garden, the first new apartment community in the city in two decades.
“We’re having lots of discussions about multi-family,” Chanda Bennett, Polk County comprehensive planning administrator, told GrowthSpotter. “The two densest places in the county are now getting multi-family – Lakeland and the northeast.” That’s where infrastructure is planned so it works, she said. Polk County expects its population to reach 1 million by 2040. It’s more than 761,000 now, according to the most recent U.S. census figures.
In August, OneEleven Residential closed on an 18-acre site in the Four Corners submarket in Polk County on Sand Mine Road next to Citrus Ridge Academy $4.8 million for a new 264-unit apartment community to be called Harper Grove.
Orlando-based Elevation Development plans 240-250 apartments on 10 acres at U.S. 27 and Minute Maid Ramp Road in Davenport.
And at Posner Village, two apartment communities have been completed and a third is under construction, along with business park in addition to the retail expansion that includes a new BJ’s Wholesale Club. Posner Group also plans to develop short-term rentals with 240 townhomes at Posner Village.
“Covid has skewed things or been a catalyst that is moving people here quick,” Bennett said.
The Davenport land Wood Partners is buying from Lee Jackson is across the street from a 16-acre site that is under contract to DeBartolo Development for a single-family Build-to-Rent community. It’s located in a Regional Activity Center, which allows for multifamily, Bennett said.
A residential site plan was discussed with Polk County’s Development Review Committee (DRC) Dec. 16. Jackson has owned the property since 1985, according to planning documents. Used for citrus groves from about 1950, the land was cleared in 2019, according to a study by ECS Florida LLC., which completed the preliminary subsurface exploration.
Madden, Moorhead & Stokes, Inc. is the civil engineer. The proposed community requires a traffic study and planners have some engineering questions that need to be answered, Bennett said.