xml:space="preserve">
xml:space="preserve">
Advertisement

Luxury apartments planned for Sabal Point

Alexander at Sabal Point would be built partially on an old golf course and take up the last remaining large parcel in the community.
Alexander at Sabal Point would be built partially on an old golf course and take up the last remaining large parcel in the community.

Longwood's Sabal Point community may be getting its last major development — a luxury apartment complex built on an old golf course.

The Alexander at Sabal Point would be constructed on the last remaining large parcel in the area — using parts of the 10th and 18th fairways and land where a clubhouse, pool and tennis courts once stood.

Advertisement

Developer Kyle Riva, president of Alexander Investments International, estimates the 286-apartment project will cost around $45 million.

Riva, who has the land under contract, hopes to break ground in the first quarter of next year, with completion within two years. He must first go before Seminole County for a rezoning from golf course use to multi-family. Monthly rents are estimated to begin at around $950, up to $1,800.

The golf course has been closed for at least a decade, following the trend of these expensive and time-consuming facilities falling out of favor with residents and other uses being sought.

Under Riva's plans, about 24 acres would be used to develop the apartments and more than 65 acres would be donated as open space to the residents.

Riva also plans to give residents enough money to maintain the open space for the next 20-plus years. The exact amount is part of a written agreement with the homeowners. Riva would not disclose the amount.

"I thought of it as a win-win situation," Riva said. "The residents get stability and open space, the county gets a property that contributes to the tax rolls and the local economy, while we are able to proceed with our community."

The Alexander at Sabal Point will be on Sabal Club Way, near Wekiva Springs Road, and surrounded by communities like Sabal Park Apartments, Golf Brook Apartments, Sabal Club Apartments and Windsor at Sablewalk.

CHP Engineers of Orlando is the civil engineer, Charlan Brock and Associates of Maitland is the architect and Dix, Hite & Partners of Longwood is the landscape architect

Have a tip about Central Florida development? Contact me at ktalley@growthspotter.com or (407) 420-5176. Follow GrowthSpotter on FacebookTwitter and LinkedIn.

Advertisement
Advertisement