More than 90 percent of the 196 condominiums under construction across from the Sand Lake Road SunRail Station are under contract or sold, according to MIR Development CEO Mark Rousso.
The executive told GrowthSpotter the company launched sales about a year ago and currently have about 10 percent of inventory left. The condos are part of MIR Development’s 18-acre Sandlake Road Station mixed-use project, which will include 38 townhomes behind the condo buildings and a commercial building fronting Orange Avenue.
Records show a Notice of Commencement was filed in Orange County earlier this summer to begin site work. Development Services and Supplies, Inc. is the general contractor. Rousso said foundation work has begun on two of the three, four-story condo buildings.
Located at 7803 S. Orange Ave., the property includes 12 developable acres northeast of the S. Orange and McCoy Road intersection, just about five minutes east from the SunRail station platform.
Sandlake Road Station has been in the works for several years. Affiliate Sandlake Station Partners LLC paid $1.7 million for the land in November 2016.
The company submitted a Development Plan about a year later, which has since been revised to allow for up to about 40,000 square feet of office/retail space, 196 multifamily/condominium units and up to 41 fee-simple townhomes. A Preliminary Subdivision Plan for the project was approved by Orange County commissioners April of this year.
The developer is now seeking Development Review Committee approval to amend the PSP to allow for access into the project to come from a private road in lieu of a dedicated public road.
Rousso said prices for the condos range between the mid $130,000′s to the $180,000′s. Unit sizes range between 900 square feet to 1,100 square feet. Amenities include a clubhouse, swimming pool, gym and running track around a retention pond.
Townhomes will be delivered next, he said. After that, the two-story commercial building fronting Orange Avenue, which will feature a mix of office, retail and restaurant space. The condo portion is slated to be complete around this time next year, Rousso said.
MIR Development is also trying to convert the shuttered 18-hole Eaglewood Golf Club, located on the northwest corner of W. Oak Ridge Road and S. John Young Parkway, into a new roughly 960-unit multifamily development with commercial components.
It’s one of the many developers looking to build transit-oriented developments near the SunRail.
Its 17.2-mile extension was completed in 2018 and extends from Sand Lake Road Station in Orlando to Poinciana in Osceola, with stops along the way at Meadow Woods, Tupperware and downtown Kissimmee.
So far, the extension has proven to help fuel new development along the new stops.
More than a dozen firms submitted bids in response to a solicitation by Osceola County to masterplan and develop about 82 acres next to the Poinciana SunRail station in Kissimmee. GrowthSpotter uncovered who the bidders are just last week.