Broadstone at Winter Park, a 268-unit multifamily mid-rise development, was 85 percent leased at the time of the sale. The deal breaks down to about $315,112 per unit.
The developer, a known critic of Osceola's latest increase on school impact fees, is going before the DRC with a new multifamily proposal.
The Aloma United Methodist Church closed it doors last month after its nearly 7-acre site in Winter Park drew multiple bids for the property.
The apartment building is designed to look like a city block, a feature that would make it unique in the Orlando market.
Vision Development and Management is the latest in a growing number of development firms to seek building mixed-use projects on Lake Whippoorwill.
The apartment amenities could include smart-home technology and saltwater pools surrounded by hotel-like cabanas with misting fans, TVs and mini-fridges.
The company specializes in delivering upscale apartment complexes in fast-growing communities like Horizon West. This would be its first multifamily community in Orange County.
The developer behind the $75 million Novel Lucerne apartment complex in Oralndo’s SoDo District is eyeing a site near SeaWorld for a similar project.
After finding an equity partner to team up with, South Florida-based Futura Development Company is ready to deliver an $80 million mixed-use project in the Lake Nona submarket.
The developer had hoped to be pulling building permits for the new apartment tower, but Orlando's Appearance Review Board wasn't happy with the design.
The firm under contract wants to build 567 apartments on roughly 34 acres of land located next to where O’Connor Capital Partners is building out its 70-acre Vineland Pointe shopping plaza.
Reunion developer Art Falcone tells us when he plans to start construction and what special perks will be available to residents of the community.
At Alta Grande, amenities include a leash-free pet park with a dog washing station; a putting green; a fire pit; a bocce ball court; a 24-hour fitness center with yoga room; an outdoor kitchen with a pizza oven and beer tap; grilling stations; a sports court; a zen garden; poolside cabanas; a business center; a zero-entry, saltwater swimming pool; a poolside hammock garden; and a game room with billiards and foosball tables.
D.R. Horton is under contract to buy the land. Its current owner sought entitlements for up to 950 multifamily units, but recently submitted construction plans show a different plan.
The deal for the apartment community near Valencia College East falls in line with recent big-ticket multifamily sales near college campuses, where a number of investors are actively re-positioning multifamily and student housing complexes.
The buyer is a private equity firm with roughly $512 billion in assets under management. The latest deal follows a string of big-ticket purchases by the company this year throughout the Orlando market.