Winter Park-based developer the Morgran Group is pursuing buildout of the multi-family portion of its 512-acre Reserve at Alafaya property southwest of Avalon Park, with plans for 264 units approved last year and another 275-unit Development Plan now under review by Orange County.
The development push by affiliate Morgran Holdings comes six months after the company sold its first project on the vast property, 264-unit The Reserves at Alafaya, which was bought last July for $42.7 million by Toronto-based Starlight Investment.
Located off the southwest corner of the intersection of S. Alafaya Trail and S. Avalon Park Boulevard (which becomes Innovation Way on this property's frontage), the Reserve at Alafaya/Morgran PD land use plan includes 11 parcels totaling 340.94 developable acres.
Those include designations for single family (157.06 acres), multi-family (79.63 acres), mixed use/commercial (62.14 acres) and park/open space (28.8 acres). The LUP's development program calls for up to 400 single-family homes, 1,750 multi-family units, 100 town homes, 300,000 square feet of commercial space, 50,000 square feet of office, a 20-acre park and three-acre bike trail.
The company has 1,486 multi-family units remaining it can still build, after the first 264-unit project (now owned by Starlight) was built in 2014.
On its latest development plan filed Dec. 22, Morgran Holdings has proposed 275 units for Tract 8B (16.85 gross acres), which will be a mix of 18 three-story apartment buildings and carriage homes.
This 275-unit phase would be land-locked, with interior roads flowing north to Tract 8A. That tract had a DP approved in July 2015 by Orange County for 264 multi-family units on 31.97 acres, culminating in 539 units between the two.
The development will have two ingress-egress points on Innovation Way. Initial site work and road paving on Tract 8A should begin this year, according to Orange County.
The development is named "The Reserve at Alafaya" on plans thus far, but that may be temporary, considering the recently sold community up the street has maintained that name.
Principals with the Morgran Group did not return calls for comment over the past week, with staff noting their attendance at the NAHB International Builders Show in Las Vegas.
Morgran Holdings was granted an environmental resource permit in September 2015 by the St. Johns River Water Management District, authorizing construction or modification of a stormwater management system on the property.
Dave Schmitt Engineering is civil engineer on the project, Forum Architecture is serving as architect, Dix.Hite + Partners, Inc. is landscape architect and American Surveying and Mapping is the surveyor.