Park Square Homes is prepping its second "Neo" branded mixed-use development on a 27-acre parcel in the heart of the Four Corners submarket.
Senior Project Manager Robert Mick and his development team are scheduled to meet with Polk County's Development Review Committee this week to discuss preliminary plans for the site that fronts on U.S. 27, just south of U.S. 192.
Park Square introduced its "Neo" brand in October with the unveiling of the design for Neo at Kissimmeee, a 17-acre mixed-use development next to Valencia College in Kissimmee.
Mick told GrowthSpotter the Four Corners project would be developed in phases, with the apartments first. Later phases could include 4-story hotel, an office building and approximately 20,000 square feet of retail and dining.
"We're not sure about the unit count of the apartments yet -- that's still fluid," he said. "We believe it will be in the neighborhood of 350 units."
The first phase would include a cluster of 4-story, Class A, elevator-served apartment buildings situated around a pond. Those would be surrounded by 2-story carriage house apartments.
Winter Park-based ACi Architecture is the project architect for both multifamily communities. The firm is introducing a new "concierge concept" in the lobby of each residential building with mail boxes and secure package delivery area, along with bike storage and vending machines.
"The buildings will be the same – those parts of the Neo concept will be carried out through all Neo projects," Mick said.
Park Square CEO Suresh Gupta acquired the property in 2005 for $4.9 million. It's directly across U.S. 27 from Orlando Breeze Resort, a Holiday Inn Club Vacations property.
Park Square has been active on U.S. 27 corridor, having completed its first multifamily community, Champions Vue, in 2017. The company is currently building an extended-stay hotel and has several residential projects in the Davenport area.