Multi-Family Residential Developments

  • IMT Residential expands Orlando portfolio with $73M apartment buy in Horizon West

    IMT Residential expands Orlando portfolio with $73M apartment buy in Horizon West

    A California-based apartment operator just expanded its Greater Orlando portfolio with a $73 million purchase of a new apartment complex in Winter Garden. This is the company’s second major acquisition in Central Florida. IMT Residential entered the market about a year ago with its $76.6 million...

  • Tampa homebuilder wants to ditch plans for timeshare near Ruby Lake for multifamily

    Tampa homebuilder wants to ditch plans for timeshare near Ruby Lake for multifamily

    A Tampa-based homebuilder wants to do away with plans to build timeshare units near Ruby Lake, and instead build up to 400 multifamily units along with additional commercial space. The change is being sought by Bering Homes, which recently reactivated the shelved Tierra Del Sol resort development...

  • Seattle-based investor expands holdings in Orlando with UCF-area apartments

    Seattle-based investor expands holdings in Orlando with UCF-area apartments

    A Seattle-based real estate firm that specializes in the student housing sector paid $64.75 million on Monday for its second multifamily asset near the University of Central Florida. Horizon Realty Advisors acquired The Glenn apartments on University Boulevard, about 1.3 miles west of the UCF main...

  • Bluerock pays $65M for apartments in ChampionsGate Village

    Bluerock pays $65M for apartments in ChampionsGate Village

    New York-based Bluerock Real Estate paid $65 million this week to buy The Gate apartments in downtown ChampionsGate village. The Class-A, 308-unit complex was built in 2017 by Investors Realty. Chris Fiscelli, Bluerock's director of investment research, told GrowthSpotter the 5-story, urban-style...

  • Landmark plans off-campus student housing near UCF

    Landmark plans off-campus student housing near UCF

    The nation's largest developer of student housing has filed a Land Use Plan with Orange County to redevelop the Burlington Coat Factory property near the University of Central Florida main campus. Athens, Georgia-based Landmark Properties is seeking to rezone the 12.3-acre parcel at 12151 E. Colonial...

  • Developer plans to demo Universal Boulevard shopping center for apartments

    Developer plans to demo Universal Boulevard shopping center for apartments

    A California-based multifamily housing developer has filed plans to convert a largely dormant shopping plaza in southwest Orlando into the 399-unit Republic Square Apartments. Legacy Partners Residential has applied with the city’s planning division to construct five buildings of four stories each...

  • New developer takes over $50M apartment project on Lake Ivanhoe

    New developer takes over $50M apartment project on Lake Ivanhoe

    Orlando-based design-build company FINFROCK and developer One Eleven Residential will break ground in March on the $50 million luxury apartment building in Ivanhoe Village now simply known as the Lake House Apartments. The 9-story tower across from Lake Ivanhoe will feature 252 units above 34,900...

  • Dr. Phillips unveils development plan for NE quarter of Packing District

    Dr. Phillips unveils development plan for NE quarter of Packing District

    Dr. Phillips Charities is prepping for construction to start this year on multiple projects within the 202-acre mixed-use Packing District in west Orlando, with delivery of the first residential and commercial spaces in 2020. Dr. Phillips President Ken Robinson shared the latest conceptual renderings...

  • Continental Properties eyes Posner Park for 302-unit apartment complex

    Continental Properties eyes Posner Park for 302-unit apartment complex

    Wisconsin-based Continental Properties is eyeing Posner Park at the U.S. 27-Interstate 4 interchange for its second Springs apartment complex in the Orlando area. While the site isn't under contract, the developer is scheduled for a pre-application meeting with Polk County's Development Review...

  • New apartment complexes planned in Four Corners, Alafaya

    New apartment complexes planned in Four Corners, Alafaya

    A pair of developers have filed preliminary plans for new apartment complexes on opposite ends of Orange County.  Documents filed Dec. 17 with Orange County indicate plans are in the works for a new apartment complex with 250 units along the Stoneybrook East Golf Club east of Orlando. Eden Multifamily...

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  • Michigan-based McKinley pays $45.5M for Winter Park apartment complex

    Michigan-based McKinley pays $45.5M for Winter Park apartment complex

    Sapphire Winter Park Apartments, a 348-unit garden apartment community, became the fourth Winter Park property to be acquired by Ann Arbor, Mich.-based McKinley Companies . Using affiliates Sapphire Apartments, I and II LLC, McKinley paid $45.5 million for the apartments located at 1743 Semoran...

  • Downtown apartment tower approved despite objections over height, retail

    Downtown apartment tower approved despite objections over height, retail

    Calling a 10-story apartment building with less than 4,000 square feet of ground-floor retail a "lost opportunity" for downtown, Orlando's Municipal Planning Board on Tuesday reluctantly approved a zoning change for the project on the lot immediately south of Bank of America tower. The vote followed...

  • City staff recommends approval for downtown apartments on Diocese land

    City staff recommends approval for downtown apartments on Diocese land

    Orlando's planning staff is recommending conditional approval for a new 10-story downtown apartment tower after the developer agreed to add retail space on the ground floor. Tennessee-based Mid America Apartment Communities (MAA) is under contract for a 2-acre corner lot at 336 N. Orange Ave.,...

  • Cassidy Homes planning new townhouse community on U.S. 27 corridor

    Cassidy Homes planning new townhouse community on U.S. 27 corridor

    A Winter Haven developer is seeking county approval for 346-unit townhouse community on Polk County's U.S. 27 corridor, across from Heart of Florida Regional Medical Center. Cassidy Organization spent much of the last year and $1.36 million to assemble the 34.5 acres between Florida Development...

  • Developer pays $4.5M for entitled multifamily site next to NeoCity

    Developer pays $4.5M for entitled multifamily site next to NeoCity

    A local developer and its Boston-based financing partner paid $4.485 million this week for the 16-acre site entitled for a luxury apartment complex next to Osceola County's NeoCity tech district. Investors Realty teamed up with Panther Residential Management for the 292-unit Neo Square apartment...

  • Tavistock planning its biggest apartment project to date in Lake Nona

    Tavistock planning its biggest apartment project to date in Lake Nona

    New documents filed in Orlando by the Tavistock Development Co. describe the firm’s latest multifamily housing project to be built within a 158-acre, mixed-use district in Lake Nona. The yet-to-be-named 11-story apartment building will contain 450 units in various configurations sized from 646...

  • California real estate conglomerate scoops up 144 condos in Metrowest

    California real estate conglomerate scoops up 144 condos in Metrowest

    San Diego-based Pacifica Companies, a $3 billion real estate conglomerate, paid $15.1 million last week for 144 condo units in MetroWest's Palms Club Orlando. Located at the intersection of S. Kirkman Road and Arnold Palmer Drive, Palms Club is a luxury, gated community of 460 units. Pacifica's...

  • Park Square Homes planning its second Neo mixed-use project in Four Corners

    Park Square Homes planning its second Neo mixed-use project in Four Corners

    Park Square Homes is prepping its second "Neo" branded mixed-use development on a 27-acre parcel in the heart of the Four Corners submarket. Senior Project Manager Robert Mick and his development team are scheduled to meet with Polk County's Development Review Committee this week to discuss preliminary...

  • Starlight U.S. Multifamily pays $75.3M for Kissimmee apartment complex

    Starlight U.S. Multifamily pays $75.3M for Kissimmee apartment complex

    Toronto-based real estate investment firm Starlight U.S. Multifamily paid $75.3 million just before Thanksgiving for its fifth asset in the Greater Orlando market, buying the 356-unit Altis Shingle Creek apartments in Kissimmee. This is the firm's third acquisition of an "Altis" branded property....

  • Texas developer files plans for first residential project in The Packing District

    Texas developer files plans for first residential project in The Packing District

    San Antonio-based Embrey Partners has filed a proposed Master Plan with the City of Orlando to build a 310-unit urban midrise apartment building in the heart of The Packing District. Embrey has a long history in the Orlando market, having developed approximately 5,000 units here in past development...

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  • SunTrust backs Creative Village apartments with $66M loan

    SunTrust backs Creative Village apartments with $66M loan

    SunTrust Robinson Humphrey has backed the first Class A, market-rate apartment building in Creative Village to the tune of $66 million. Co-developers Ustler Development and The Allen Morris Company have already started construction on the 14-story, $108 million building at the corner of Amelia...

  • Texas investor expands Orlando portfolio with $78M apartment buy

    Texas investor expands Orlando portfolio with $78M apartment buy

    After entering the Orlando market in September, Texas-based S2 Capital expanded its multifamily portfolio this month with another 760 class B apartment units in the Millenia submarket. The two latest acquisitions bring the company close to the halfway point of its stated goal to own 5,000 units...

  • New York multifamily firm pays $44 million to expand Orlando-area portfolio

    New York multifamily firm pays $44 million to expand Orlando-area portfolio

    Affiliates of New York-based White Eagle Property Group paid $44 million this week for the 300-unit City West apartments on Kirkman Road near Universal Studios. The acquisition adds to White Eagle's already-substantial portfolio in greater Orlando. The firm, which targets Class A and B assets with...

  • Apartments on Casselberry’s Lake Howell to meet city’s need for ‘more rooftops’

    Apartments on Casselberry’s Lake Howell to meet city’s need for ‘more rooftops’

    Casselberry leaders are hailing a proposed luxury apartment complex as a first step toward boosting the local tax base and attracting residents with more disposable income to the small Seminole County city. The complex, Azul at Lake Howell, will consist of 384 units on 29.6 acres south of Red Bug...

  • City staff, board wowed by new design for Zoi House skyscraper in downtown Orlando

    City staff, board wowed by new design for Zoi House skyscraper in downtown Orlando

    Exciting. Gracious. Magnetic.  Those were just a few of the words members of Orlando's Appearance Review Board (ARB) and staff used to describe the latest design for the 41-story Zoi House, proposed to be the city's tallest skyscraper. Miami-based MEC Development Associates  and their team from ...

  • Apartments at Clermont site required second thought by developer

    Apartments at Clermont site required second thought by developer

    The Lofts at South Lake multifamily development in Clermont, which is set for completion in the first quarter of next year, brought opportunity to developer Inland Atlantic Development Corp. in a place where it had originally looked the other way. When the previous owner of the land originally...

  • Orlando seeking bids to redevelop Clear Lake multifamily site

    Orlando seeking bids to redevelop Clear Lake multifamily site

    The City of Orlando is offering nearly 5 acres for sale just south of Camping World Stadium to the right developer who will build mixed-income housing in downtown's Clear Lake neighborhood. "I think the market is pretty ripe for moving development forward on this site," Orlando's Director of Economic...

  • Horizon West founder files plans for 700 more homes

    Horizon West founder files plans for 700 more homes

    Horizon West founder Jim Karr has filed a rezoning application for a new Planned Development that would add a combined 700 homes and apartments plus retail uses to the community's Village I. The Karr Planned Development comprises 134 acres north of Hartzog Road and east of Avalon Road. It's currently...

  • Orlando staff recommends hybrid design with living wall for X Orlando tower

    Orlando staff recommends hybrid design with living wall for X Orlando tower

    Orlando's Appearance Review Board (ARB) staff wants yet another design change for the proposed X Orlando as the developer seeks approval for the next two phases of the largest residential building ever proposed for downtown Orlando. The city's ARB and Municipal Planning Board have already approved...

  • UPDATED: Blighted Groveland motels to be converted to apartments

    UPDATED: Blighted Groveland motels to be converted to apartments

    A South Florida developer is planning to convert two blighted motels in Groveland into an apartment complex called "Milestone Hills." Groveland Property Investment, affiliate of Miami developer Martin F. Ugarte and CRE broker Santiago Silva, paid $3.5 million last week for the the former Clermont...

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  • Goal for Ovation in Horizon West: Establish continuity for builders

    Goal for Ovation in Horizon West: Establish continuity for builders

    With a vision for continuity and the land to make it happen, Columnar Investments is bringing more than 4,000 homes and approximately 300,000 square feet of commercial in the Ovation community in Horizon West’s Village I to market with a master-planned feel. “At Ovation, we wanted it to seem a...

  • Flournoy Partners secures financing for new Universal Boulevard apartments

    Flournoy Partners secures financing for new Universal Boulevard apartments

    With the financing in place for a new luxury apartment complex on Universal Drive, Flournoy Partners has begun sitework and expects to deliver the first units in late 2019. "We intend for this to be a best-in-class asset with an outstanding resort pool and amenities," President Jake Flournoy told...

  • Contravest to build new Addison-branded complex near airport

    Contravest to build new Addison-branded complex near airport

    Altamonte Springs-based ContraVest has signed on as a JV partner with the owner of 64 acres north of Orlando International Airport and plans to build up to three new apartment complexes there. Hollywood-based shopping center developer JBL Asset Management bought the "Orlando Gateway" property,...

  • Plans emerge for next phase of Hamlin apartments by Boyd affiliate

    Plans emerge for next phase of Hamlin apartments by Boyd affiliate

    An affiliate of Boyd Development has filed plans with South Florida Water Management District to build 250 multifamily units off New Independence Parkway in the Hamlin area of Horizon West, on land that it bought in July 2017.  The Lodge at Hamlin would stand along the shores of Lake Hartley north...

  • Developer refines design for planned downtown apartment tower

    Developer refines design for planned downtown apartment tower

    Tennessee-based Mid America Apartment Communities (MAA) has added a 10th floor and tweaked the design for a proposed 327-unit apartment tower just south of the Bank of America tower in downtown Orlando. The initial Master Plan (MP) filed in August was for nine stories. Adding a 10th floor means...

  • Unicorp's Whittall talks retail plans, apartment community at O-Town West

    Unicorp's Whittall talks retail plans, apartment community at O-Town West

    Unicorp National Developments has filed the first of what will be several new conceptual plans for the massive O-Town West mixed-use development. Unicorp CEO Chuck Whittall told GrowthSpotter he's planning a variety of high-end apartment types that would be constructed over multiple phases. The...

  • Trammell Crow prepping second apartment complex on church-owned land

    Trammell Crow prepping second apartment complex on church-owned land

    With construction well underway at its Alexan North End apartments, Trammell Crow Residential is prepping for the next phase of the community to be built on the Calvary Assembly of God property just north of Downtown Orlando. The Atlanta-based developer filed a Specific Parcel Master Plan (SPMP)...

  • Unicorp plans concurrent construction, leasing of nearby but separate O-Town projects

    Unicorp plans concurrent construction, leasing of nearby but separate O-Town projects

    With land under contract for a second project about a mile west of his O-Town West mixed-use development, which is planned along Interstate 4 south of Sand Lake Road, Unicorp National Developments CEO Chuck Whittall says one thing that isn’t on the table is a business he would launch himself as...

  • Apartments near Semoran, Curry Ford sell for $47.95M to Boston-based investor

    Apartments near Semoran, Curry Ford sell for $47.95M to Boston-based investor

    The 296-unit Canopy Apartment Villas multifamily complex has sold for a recorded $47.95 million to an affiliate of Boston-based Taurus Investment Holdings. Located at 5762 Folkstone Lane east of Semoran Boulevard and south of Curry Ford Road, the property features 56 one- and two-story buildings...

  • Plan seeks 800-plus homes, more at Gem Groves site in Horizon West

    Plan seeks 800-plus homes, more at Gem Groves site in Horizon West

    A joint-venture applicant has filed plans for 485 single-family homes and 370 multifamily units as well as commercial sites on approximately 258 acres near Avalon Road and Flemings Road at the Gem Groves property in west Orange County. A planned-development and land-use plan filed with the county...

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  • 150-plus townhomes planned near commercial, industrial areas of Sanford

    150-plus townhomes planned near commercial, industrial areas of Sanford

    M/I Homes has started site development on a new 155-townhome development on South White Cedar Road in Sanford.  The development, called White Cedar, is located on 19.26 acres just north of State Road 46 (West First Street). M/I Homes purchased the three parcels that make up the site in May for $2.9...

  • Disney-intern housing proposal totals $615M, 75-year land lease on table

    Disney-intern housing proposal totals $615M, 75-year land lease on table

    A proposal for new student housing and education space for Disney’s College Program and other intern programs on two parcels at Flamingo Crossings Town Center details more than $615 million worth of development by Texas-based real estate investment trust American Campus Communities. The land south...

  • Integra closes on 15 acres in DeBary as The Junction takes shape

    Integra closes on 15 acres in DeBary as The Junction takes shape

    An affiliate of Integra Land Co. has closed on approximately 15 acres where it has planned 289 multifamily units near the SunRail station in DeBary, as an Integra executive told GrowthSpotter on Friday that construction is expected to begin in about 30 days and long-term financing is in place. ...

  • Growing mixed-use plans for key Seminole parcel move along to state

    Growing mixed-use plans for key Seminole parcel move along to state

    Palmeira Holdings’ plans for a large-scale development at the 110-acre site in Seminole County known as Reagan Center – and now referred to as Parkside Place – have grown, and have passed an initial vote from county commissioners. “The density we have requested got approved ... without that density,...

  • D.R. Horton begins planning commercial, multifamily parcels at Waterleigh

    D.R. Horton begins planning commercial, multifamily parcels at Waterleigh

    D.R. Horton has filed plans with Orange County for a mix of 383 multifamily residential units along with commercial and office buildings on a 38-acre parcel at the southwest corner where Flamingo Crossing Blvd. and Avalon Road intersect in Horizon West. Commercial space could total 125,000 square...

  • Park Square redesigns, renames Kissimmee apartment complex near NeoCity

    Park Square redesigns, renames Kissimmee apartment complex near NeoCity

    Park Square Homes has redesigned and renamed its proposed apartment complex next to the Valencia College Osceola Campus in Kissimmee.  Senior Project Manager Robert Mick and his development team met Tuesday with the city's Development Review Committee to review the new site plan, which adds density...

  • Local developer targeting Osceola for new apartment communities

    Local developer targeting Osceola for new apartment communities

    Orlando-based Elevation Development is eyeing a pair of sites in the Kissimmee submarket for new apartment communities, but they may have to tweak their plans before submitting any formal applications, county planners said. Elevation Principal Shaman Foradi met last week with Osceola's Development...

  • Volusia developer Henin Group plans 160 townhomes on Sanford artery

    Volusia developer Henin Group plans 160 townhomes on Sanford artery

    Jerome Henin, developer of the Mediterranean-themed Riviera Bella community in DeBary, wants to build something less pricey in Sanford that will appeal to the middle-of-the-road buyer.  Henin, principal at the Henin Group, said new housing stock coming on line is too expensive for many potential...

  • Litigation, construction needs push Southstar to list condemned apartments

    Litigation, construction needs push Southstar to list condemned apartments

    When Southstar Capital Group spent $67 million on a 306-unit multifamily development and renamed it Sola at Celebration in 2016, they did so, says President and Chief Financial Officer Gina Williams, “at a top price, because we were confident in the Celebration market.” That assessment of the sector...

  • Tupperware expects flurry of sales around Kissimmee campus in coming months

    Tupperware expects flurry of sales around Kissimmee campus in coming months

    Tupperware's Deerfield Land Development has sold its fourth multifamily site to Fore Property Company and expects a flurry of other land closings before the end of the year, a lead executive said. Fore paid $2.6 million for the 7-acre site at the intersection of Ball Park Road and Batts Street,...

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  • New downtown tower next to Orange County Courthouse would be city's tallest

    New downtown tower next to Orange County Courthouse would be city's tallest

    A proposed 450-foot mixed-use tower next to downtown Orlando's Orange County Courthouse could be the city's tallest. Miami-based MEC Development Associates filed a Master Plan (MP) with the city for its second "Zoi House" tower project at the southeast corner of N. Orange Avenue and E. Livingston...

  • Camden purchases 420 East apartments for $89M-plus from developer Jefferson

    Camden purchases 420 East apartments for $89M-plus from developer Jefferson

    A Church Street apartment building has changed hands for $89.275 million today, according to seller Jefferson Apartment Group, which continues to look for new opportunities in Metro Orlando as well according to a company official. The 299-unit 420 East complex, nine stories high with 7,200 square...

  • Multifamily, hotel entitlements sought for South I-Drive property

    Multifamily, hotel entitlements sought for South I-Drive property

    The owner of the Caribe Royale resort is looking to add entitlements for 341 multifamily housing units, 300 hotel rooms and 100,000 square feet of commercial space to property it owns along South International Drive and State Road 536 in Orange County. Owner and developer Sierra Land Group, Inc....

  • ContraVest plans another Addison multifamily development for active area

    ContraVest plans another Addison multifamily development for active area

    Contravest is planning 218 apartments along Winter Garden Vineland Road in a quartet of 4-story buildings across the street from Grand Cypress Resort west of Apopka Vineland Road. Addison at Cypress Sound would have more than 180 one- and two-bedroom apartments with a handful of studios and three-bedroom...

  • Apartments near Valencia campus sell, create strong windfall for investor

    Apartments near Valencia campus sell, create strong windfall for investor

    Windrift Apartments near Valencia College’s main campus has been sold to an affiliate of Utah-based Bridge Investment Group for a recorded $39.3 million.  Located northwest of the interchange of state roads 408 and 417, Windrift’s 288 units offer simple access to several strong employment regions...

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  • S2 Capital enters Orlando market with portfolio deal for apartments

    S2 Capital enters Orlando market with portfolio deal for apartments

    Texas-based S2 Capital has its eye on owning 5,000 apartments in Metro Orlando after making its entry by purchasing more than 1,600 apartments east of the Millenia area for a total of $124.5 million. The sale includes Grandview Pointe on Americana Boulevard and Lake View Pointe on Rio Grande Avenue...

  • Altamonte developer seeks approval for high-end condos in Maitland

    Altamonte developer seeks approval for high-end condos in Maitland

    Altamonte Springs-based ERM Development Corp. wants to build a 50-unit luxury, lakefront condominium community in Maitland that will appeal to well-off empty nesters. ERM president and owner Eli Melamed told GrowthSpotter the proposed condos at 473 S. Keller Road will be approximately 2,100 square...

  • Millenia Lakes developer plans amenity-rich apartment community near mall

    Millenia Lakes developer plans amenity-rich apartment community near mall

    Just weeks after divesting of two Millenia Lakes office buildings, a Chicago-based investment firm will go to Orlando's Municipal Planning Board seeking approval to build 323 luxury apartments just across the lake. Barings Real Estate Advisers and a development partner, American Land Ventures (ALV),...

  • Magic to file revised master plan for downtown entertainment district

    Magic to file revised master plan for downtown entertainment district

    With groundbreaking anticipated in 2019, the Orlando Magic and its new architect have revised the master plan for the long-anticipated Sports and Entertainment District across from the Amway Center and are actively seeking development partners for the hotel and multifamily components of the district....

  • City board green lights design for X Orlando apartment tower

    City board green lights design for X Orlando apartment tower

    Orlando's Appearance Review Board gave tentative approval Thursday to Manhattan developer Property Markets Group (PMG) for the first phase of its proposed three-tower mixed-use project on one of the most high-profile lots in the central business district. "I think what we’re looking at here is...

  • Starwood Property Trust purchase of south Orlando apartments progresses portfolio deal

    Starwood Property Trust purchase of south Orlando apartments progresses portfolio deal

    The sale of a south Orlando apartment complex to an affiliate of Starwood Property Trust for a recorded $33.4 million brings completion nearer for a $600 million multi-family portfolio sale that stretches across Central Florida and reaches into other regions. The 312-unit Sand Lake Pointe Apartments...

  • Apartment tower planned on church-owned land in downtown Orlando

    Apartment tower planned on church-owned land in downtown Orlando

    Tennessee-based Mid America Apartment Communities (MAA) is eyeing a 2-acre corner lot in downtown Orlando for a new 325-unit apartment tower with ground-floor retail. MAA filed a Master Plan (MP) with the city for 9-story tower and parking garage at 336 N. Orange Ave., immediately south of the...

  • Benge Development outlines big 429 West mixed-use project in Apopka

    Benge Development outlines big 429 West mixed-use project in Apopka

    Benge Development revealed on Monday plans for a 100- to 130-acre mixed-use development at the northwest corner of state roads 429 and 441, with an early cost estimated of $400 million, that stands to become the largest in development along the Western Beltway north of Florida’s Turnpike. Plans...

  • Meritage plans 200 townhomes in Ocoee off S.R. 429 & West Orange Trail

    Meritage plans 200 townhomes in Ocoee off S.R. 429 & West Orange Trail

    Meritage Homes is looking to build 200 townhomes on 29 acres in Ocoee on the West Orange Trail just west of State Road 429. The Greens at Forest Lake community is expected to begin construction a year from now, said Adam Schott, Director of Land Acquisition for Meritage, and will include homes...

  • Epoch Residential plans Palm Parkway apartments after purchase from Daryl Carter

    Epoch Residential plans Palm Parkway apartments after purchase from Daryl Carter

    The latest big land deal along Palm Parkway and Interstate 4 has Daryl M. Carter one step away from exiting the mixed-use corridor, closing on 10 acres south of Daryl Carter Parkway with buyer Epoch Residential for a recorded $7.5 million. Epoch’s plan is to build 250 apartments on the parcel south...

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  • Developer Hines sues insurance companies in dispute over condemned apartments

    Developer Hines sues insurance companies in dispute over condemned apartments

    Texas-based developer Hines, which is being sued over the alleged shoddy construction of an apartment complex in Disney's Celebration community, has now sued its subcontractors and insurers for denying claims related to the ill-fated project.  Hines was the original developer and general contractor,...

  • Wendover preps Sanford affordable housing for homeless & mentally disabled

    Wendover preps Sanford affordable housing for homeless & mentally disabled

    Altamonte Springs-based Wendover Housing Partners is nearing approval to build a multifamily community in Sanford that would provide affordable housing for the homeless and those suffering from mental illness. Dubbed "Warley Park," the 85-unit complex at 1500 W. 25th St. would be built with state...

  • Developer revising Davenport mixed-use project to add density, apartment rentals

    Developer revising Davenport mixed-use project to add density, apartment rentals

    Lake Wales physician and real estate developer Hasan Mousli is tweaking his Champion Center mixed-use project on Davenport Boulevard to increase density, swapping some townhomes for rental apartments. The 14-acre project just east of Holly Hill Road was initially approved in 2016 for 106 townhomes...

  • Aventura-based multifamily investor pays $68.5M to enter Clermont market

    Aventura-based multifamily investor pays $68.5M to enter Clermont market

    An Aventura-based multifamily investor paid $68.5 million last week for its fourth property in Greater Orlando, buying a new complex in Clermont with its sights set on more core-plus properties in the region. An affiliate of Advenir LLC bought the year-old, 328-unit Veve at Castle Hill apartments...

  • Kissimmee active adult apartments across from The LOOP sell for $29.5M

    Kissimmee active adult apartments across from The LOOP sell for $29.5M

    One of the busiest multifamily developers in Kissimmee's LOOP/Tupperware submarket has sold an active-adult apartment complex to a national real estate investment firm for $29.5 million. Palm Beach Gardens-based Eastwind Development and co-developer Index Investment Group built the four-story,...

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