A development plan was submitted to Orange County in late July for the multi-family project, which was reviewed by the county's Technical Review Group on Sept. 2 and may go before the Development Review Committee in October. The parcel, located at 7510 Lake St. on the southeast corner with Daryl Carter Parkway, was bought by a Northwood Ravin affiliate the first week of August for $7.6 million.
The property will be developed in one phase, and feature up to 306 units across four four-story buildings, 618 surface parking spaces, 0.27 acres dedicated to clubhouse space, and a pool deck and gazebo that fall within 1.54 acres of outdoor recreational area. The buildings will form a semi-connected rectangle around an internal pond.
Northwood Ravin has 14 apartment developments built in the Southeast and another eight in some stage of development, including two new properties in Tampa.
The company's first Orlando development will likely push the envelope for local apartment community amenities. Unique communal amenities at its other properties include athletic training rooms for TRX, spin and yoga, a commercial-grade demonstration kitchen and dining area, private music practice rooms, men's and women's saunas, and indoor resistance pools.
The only critique of note in planning staff comments was that while the property is designated on the Future Land Use Map as Activity Center Mixed Use and zoned PD, the acreage being requested across three tracts for residential use exceeds what is allowed, meaning the request isn't consistent with the county's comprehensive plan.
Northwood Ravin typically handles development, design, construction and management of its multi-family communities. However, its first opening in Tampa, the 350-unit Varela Westshore near International Mall, is being managed by AFMC Inc., an affiliate of Associated Estates Realty, whose own apartment communities are now being managed by Fairfield Residential.
It remains unclear if the company will manage the future Orlando property itself, or hire a third party. Northwood Ravin did not return calls for comment Friday.
The Orlando project's developer on record is Framework Group LLC, an affiliate of Northwood Ravin based in the company's Tampa office.