Atlanta-based multifamily development and property management firm Wood Partners has about 15 acres of land near downtown Winter Garden under contract for yet another apartment complex it plans to build in Central Florida.
The property lies northwest of the S.R. 429 and East Plant Street intersection, near the Ocoee-Winter Garden border.
Plans call for five, three-story multifamily buildings that will feature a max of 250 apartments, according to recently filed Preliminary Development Plan in Winter Garden.
Through the entity WP South Acquisitions LLC, Wood Partners is requesting to rezone the property from Arterial Commercial District (C-2) to Character Area Planned Unit Development (CAPUD), permitting the allowance to up to 30 dwelling units per acre.
The proposed project will only need 20 units per acre.
A majority of the land is undeveloped, excluding a roughly 2,000-square-foot warehouse building on the site that was built in the 1970's. Holland Properties Inc., an entity led by Robert M. Holland, and the estate of Thomas E. Britt, currently own the property.
Wood Partners is proposing to build a multifamily community dubbed Alta Winter Garden. According to a site plan, Alta Winter Garden will consist of eight linear garage buildings as well as surface parking that will offer about 400 spaces in total.
As part of the project, the developer promised to develop a recreational park on the west side of the property, which it will dedicate to the city.
Representatives at the company were not immediately available to comment.
Because the property lies within the Plant Street Character Area Overlay, the project would have to adhere to newly established pedestrian-friendly design requirements.
The development would include streetscape improvements along E. Plant Street that consist of widening the sidewalks and adding street trees and other landscaping. The improvements would tie into other existing adjacent pedestrian and bicycle facilities, including the nearby West Orange Trail.
Just south of the property, Bishop Beale Duncan and Crescent Communities are partnering up to develop roughly 75 acres of land into a new mixed-use project. That land is currently owned by two separate entities, each led by the family of local real estate broker Jay Strates.
Wood Partners has developed or owned at least eight apartment buildings in Orlando under the Alta brand name, according to its website.
It's in the midst of developing Grande Lakes III, a 328-unit apartment project on John Young Parkway, just east of Orlando's tourism corridor.