July 23, 2019
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Denver developer makes market entry with $84.45M purchase of Winter Park apartments

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.

Miami developer plans multifamily community near ChampionsGate

The developer, a known critic of Osceola's latest increase on school impact fees, is going before the DRC with a new multifamily proposal.

Church site in Winter Park under contract with Epoch Residential for new apartments

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.

Crescent Communities seeks annexation for Narcoossee Road apartments on Lake Whippoorwill

See what Crescent Communities has in store for its third "NOVEL" branded apartment community.

Wood Partners eyes Apopka site for its next Alta-branded community

The Atlanta-based developer has one apartment complex under construction now in Orlando and two more in the pipeline.

Ohio developer planning market entry with new apartment complex near Universal’s third gate

The apartment building is designed to look like a city block, a feature that would make it unique in the Orlando market.

Beverly Hills multifamily firm pays $52M for apartment complex near Maitland

The deal for the a 324-unit rental community at 6750 Woodlake Dr. breaks down to about $160,000 per apartment.

Orlando firm seeks to rezone land on Lake Whippoorwill for mixed-use project

Vision Development and Management is the latest in a growing number of development firms to seek building mixed-use projects on Lake Whippoorwill.

New TOD apartment complex coming in across from Tupperware SunRail station

The apartment amenities could include smart-home technology and saltwater pools surrounded by hotel-like cabanas with misting fans, TVs and mini-fridges.

South Florida investor files plans for $86.4M Polk Co. multifamily project

The developer plans to build a 432-unit apartment complex on U.S. 17-92 in Davenport.

Davis Development at the helm of new multifamily community in Horizon West

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.

Bridge Multifamily Fund pays $67M for Kisssimmee apartments

The sale price on this 1990s-era apartment complex grew by 34 percent over two years. Find out why.

Crescent Communities begins prepping site near Sea World for multifamily development

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.

Development plan set for Futura at Nona Cove after developer lands equity partner

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.

Integra hopes to start work this year on 348-unit multi-family complex near Sanford

The developers believes the new complex will attract employees from the new Heathrow hospital next door.

Jacksonville firm pays $32.5M for Winter Springs apartments

The new owner now holds 17,000 apartment units in the Southeast, including 5,000 in central Florida.

City board wants more design changes for downtown apartment tower

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.

Vineland Pointe apartment site along Daryl Carter Parkway under contract

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.

New downtown tower plan near Lake Eola adds more height, apartments

The new tower would be bigger and taller, and it won't have a hotel. Get the details here.

Reunion developer Encore to build apartment complex at S.R. 429 interchange

Reunion developer Art Falcone tells us when he plans to start construction and what special perks will be available to residents of the community.

Dallas real estate company buys South Orlando luxury apartment complex for $75M

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.

DeBartolo eyeing industrial land on Narcoossee Road for future apartments

The Tampa developer has a contract on the land and wants to build 324 apartments.

Winter Park, Clermont apartments trade as part of $370M portfolio sale

The buyer has a global strategy to grow its real estate portfolio to $50 billion.

More details revealed for D.R. Horton’s Wetherbee Acres project near Lake Nona

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.

Tampa developer to break ground next week on $70M apartment complex

The new luxury apartment complex will open in summer of 2020.

Priderock Capital pays $63.25M for apartment complex in east Orange County

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.

Orange County school impact fees are slated to rise, but rental towers may be given a pass

New townhomes could see school impact fees rise 27 percent, but high-rise towers would pay next to nothing.

Blackstone Group buys MetroWest apartment complex near Valencia College for $73M

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.

Lake Nona apartments on Lake Whippoorwill sell for $73.8M

The nearly $74 million sale price for this Lake Nona-area apartment complex topped out at over $250,000 per unit.

Local developers embracing new modular construction technology

A top hotel executive for Universal explains how they were able to build the Endless Summer Resort hotels so quickly.

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