The developer who delivered Orlando’s chic Lake House Apartments on Lake Ivanhoe this year has just broken ground on a new suburban multifamily community in Polk County’s competitive Four Corners submarket.
OneEleven Residential closed on the 18-acre site on Sand Mine Road next to the Citrus Ridge Academy on Aug. 31 for $4.8 million and received about $40 million in construction financing from Iberia Bank. Within weeks, the developer started clearing the site, which is across from Pulte Homes’ Windsor Ridge resort community. The new 264-unit apartment community will be called Harper Grove.
Erik Halverson, senior managing director for OneEleven, told GrowthSpotter the firm is implementing some of its design concepts from Lake House into the new midrise community.
“We separate the amenities throughout the site so it’s not all concentrated in one area,” Halverson said. “That gives all of the residents easier access.”
The three residential buildings surround a large courtyard that will have a landscape plan designed by Dix.Hite. It will include walking paths and grilling areas with tables and a tot lot. There’s also a nearly half-acre dog park with small and large dog areas, as well as a pet spa.
The flush-gutter, saltwater pool has extended swim-out side entries and beach entry areas. It’s attached to a cabana building with a bar area and an attached 2,292-square-foot fitness center and a yoga lawn.
Halverson said they wanted to keep the fitness center on a separate wing from the main clubhouse, where the leasing office is located. “It provides people a little privacy and separation,” Halverson said. “If you’re going to the gym to work out, you don’t necessarily want to walk past prospective residents who are touring the property.”
The clubhouse house features a large mail library with a Luxor package system. Halverson said it would feel more like a storefront than a storage closet. “It seems like you can never have enough lockers. We just added more lockers at Lake House,” Halverson said.
“One of the things we try to do is cater to our residents,” Halverson said. “So how we’re going about doing that on this project is maximizing the efficiency of all the buildings. In this one, we’ve got something we call the dream closet.”
In some units, the architects were able to take under-utilized space from the interior corridors and expand the master closets so they’re almost the same size as the bedroom.
Kitchens are also oversized, with white shaker cabinets, quartz counters and islands. Another design decision was to move the stairwells from the ends of the buildings to the interior, so the corner units could have additional windows — including one over the kitchen sink. “You just get more natural light as you enter the unit, and it feels bigger,” Halverson said.
The project will be one of several new apartment communities in development along the U.S. 27 corridor in and around the former Four Corners Town Center property. Those include a potential 167-unit project across the street on Sand Mine, two new communities on Ronald Reagan Parkway and another on Dunson Road.
“We target high-growth areas, with respect to jobs,” Halverson said. “There’s a Publix-anchored shopping center right across the street. And we like being right on a main thoroughfare with access to a lighted intersection.”
The Four Corners submarket has seen its renter population grow from 40% to 47% over the last decade and is trending toward becoming a renter-majority suburb, according to a recent study by RENTcafé.