Winter Park-based Atlantic Housing Partners spent $1.6 million through an affiliate on Thursday to buy an 11.73-acre parcel in the Meadow Woods area, where a potential partner has filed an early-stage development plan (DP) for 234 apartments.
Located on Landstar Boulevard just south of the Central Florida Greeneway, the parcel doesn't have an address but is located directly north of a 7-Eleven store at 13896 Landstar Blvd.
Michael Sciarrino, principal with Atlantic Housing Partners, declined to comment Friday on plans for the project.
Alliance Realty Partners, an affiliate of Alliance Residential Co. out of Phoenix, is listed on the DP filed Thursday with county staff as the property's owner/developer.
The project is named Broadstone Landstar on that DP, which meshes with Alliance's Broadstone Living multi-family brand. The company develops, builds and manages most of its multi-family projects and has six Broadstone properties in Florida, though this would be its first in Orlando.
Atlantic Housing Partners is a member of the Coalition of Affordable Housing Providers in Florida, and has developed affordable housing communities throughout the Orlando area in recent years, most notably the Lexington Court apartments on W. Concord Street in 2014, the Orlando Sentinel reported last year.
As buyers of the parcel, it's unclear if Atlantic Housing Partners and affiliate Southern Affordable Services are working with Alliance Realty Partners to develop Broadstone in an affordable housing context.
Early plans for the project cite 234 units across three stories. There would be 117 one-bedroom units, 99 two-bedroom and 18 three-bedroom, with a minimum area per unit of 700 square feet. The development plan filed with county staff has yet to be scheduled for a review hearing.