Miami-based MIR Developments LLC has long-range plans to build a mixed residential-commercial project just northeast of Orlando's Florida Mall.
The company has filed a site plan with Orange County for a 180-unit apartment or condo complex along with commercial space for retail and offices. The project site is about a block or so north of Sand Lake Road, between Winegard Road to the east and Voltaire Drive to the west.
"Due to the high demand (the developers) see with the current projects, along with the continued growth and transformation in the city of Orlando, they feel really confident that they are in the best area, with a central location close to the airport, downtown, major shopping centers and entertainment areas, etc.," company spokesman Andres Kaufman said in an e-mailed response to questions from GrowthSpotter.
Kaufman said the developers are currently working with a team of professionals from Orlando, and will hire local craftsmen and builders to complete the project.
The company's affiliate, Sandlake Partners LLC, is asking that several parcels totaling just over 8 acres be rezoned from Retail Commercial and Professional Office to Planned Development.
A hearing on the request before the county's Development Review Committee is scheduled for Jan. 18.
Todd Hudson, president of Hudson Engineering Associates, the engineering consultants on the project, said the developers probably won't be break ground before October. In addition to the rezoning, Hudson said the company must get an amendment to the county's comprehensive land use, or "comp" plan, which will likely take until July or August.
Hudson said MIR hasn't decided yet whether the units will be apartments or condos.
"It could go either way," he said. "It's the same requirements and the same design."
The mixed-use development will have 180 residential condo units distributed in three, four-story buildings, along with about 30,000 square feet of retail and office space. The residential portion will include many common social areas, and amenities such as pools, a gym, playground and more, Kaufman said.
The project will be built in two phases. Hudson said he doesn't expect any problems in obtaining the necessary approvals from the county.
"I don't think you can find any better site or location to do the change from commercial to multifamily," he said. "You have tons of office complexes in that area as well as enough commercial to choke a horse."
MIR is affiliated with Master Real Estate, which will act as the exclusive brokerage company for the development. Master Real Estate, is led by president Ruben Kaufman, who founded the company in 1976. Kaufman is a licensed real estate broker who graduated with a degree in civil engineering from the National Technology University in Argentina, according to the company website.
Master Real Estate advertises itself as the go-to firm for international and other wealthy investors who are looking to buy or sell condominiums or houses, especially in tony, waterfront communities such as Aventura, Sunny Isles Beach, Brickell, Bal Harbour, Bay Harbor Islands, Surfside and Miami Beach.
Correction: An earlier version of the story said Master Real Estate is the project's developer. It is MIR Developments.