Winter Park-based Atlantic Housing Partners is preparing 18.5 acres in east Orange County for a 238-unit apartment complex.
The site just north of the East-West Expressway (S.R. 408) and east of Valencia College's east campus was previously slated for a business park.
The developer and land owner received approval last month to modify the future land use and Planned Development to allow for multifamily residential and commercial uses.
Orange County Commissioners added a condition requiring the developer to pay for a traffic signal at the intersection at the north entrance to the project.
The new Development Plan filed Monday reserves a 3-acre commercial outparcel in the northwest corner of the property, at the signalized intersection on N. Chickasaw Trail. The complex would be built in one phase, and would have 24 one-bedroom units and five two-bedroom units. The remaining 209 units would have three bedrooms.
The design plan features a mix of three-story garden apartments with open stairways and two-story carriage house units with attached garages, mostly located on the perimeter of the property. The company's recently completed Osceola Pointe Apartments in Kissimmee feature a similar design concept.
Atlantic Housing Partners, founded in 2006 by several former executives of The CED Companies, specializes in using low-interest loans and housing finance tax credits to build affordable apartment homes, including Lexington Court in Downtown Orlando.