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Developers continue to seek multifamily sites near Valencia College East Campus

Earlier this year, Atlantic Housing Partners applied for a change in use for an 18.5-acre parcel near Valencia College East Campus. This month, Private Equity Solutions sought a similar change for its 20 acres on Bryan Road. Both tracts are outlined in red.
Earlier this year, Atlantic Housing Partners applied for a change in use for an 18.5-acre parcel near Valencia College East Campus. This month, Private Equity Solutions sought a similar change for its 20 acres on Bryan Road. Both tracts are outlined in red. (staff)

Another property owner near the Valencia College East Campus is seeking to revise the Expressway Center Planned Unit Development to build apartments.

Private Equity Solutions (PES), which bought nearly 20 acres of mostly wetland property in the PUD, applied to Orange County within the past week to allow multifamily as an allowable use on the tract. The Miami-based firm bought the property by tax deed in 2013 for $160,000. The approved use for the site is commercial.

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The Expressway Center PUD designates the tract, which stretches from S.R. 408 to Bryan Road, for public use. PES, through consulting engineer Boyd Civil, filed a conceptual plan for up to 120 apartments built mostly on the periphery of the site, along with a 9,000-square-foot clubhouse and pool.

The application comes two months after Orange County's Development Review staff recommended denying a similar request to allow multifamily use on a nearby 18.5-acre tract in the same PUD. That parcel was in a zone approved for a business park, although much of that zone has been developed for housing.

Atlantic Housing Partners was prepping the 18.5 acres on N. Chickasaw Trail for a 238-unit apartment complex. The case went to DRC in January and has been continued indefinitely after Traffic, Planning and Zoning departments recommended denial.

A similar 180-unit, 456-bed student housing project was discussed in January with county planning staff by Orlando-based Nvision Development Management Services and a Texas-based investor, which had 12.3 acres under contract a half mile south of Valencia's East Campus.

Have a tip about Central Florida development? Contact me at lkinsler@GrowthSpotter.com or (407)420-6261, or tweet me at @LKinslerOGrowth. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.

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