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Bainbridge tapped by master planner to build more apartments near Lake Nona

Bainbridge tapped by master planner to build more apartments near Lake Nona
The multifamily portion of Narcoossee Cove I will consist of studio, one-, two- and three bedroom apartments. Amenities include a resort-style pool, grilling stations, a fitness center and park along the shores of Lake Whippoorwill. (City of Orlando)

Investor Abdulrahman Al Helayel has tapped The Bainbridge Companies to develop the multifamily portion of Narcoossee Cove I, a long-time planned mixed-use project on Lake Whippoorwill, just east of Lake Nona.

According to a Specific Parcel Master Plan (SPMP) filed with the city of Orlando, Al Helayel is working with Bainbridge and the planning and engineering firm Poulos & Bennett to develop a 354-unit multifamily community on the east side of Narcoossee Road, south of State Road 417. Scott + Cormia is the project architect.

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A conceptual site plan for the lakefront community reveals plans call for three, four-story apartment buildings and about 30 two-story carriage style units with private garages, along with a clubhouse with leasing office. The unit mix pencils down to 120 studio and one-bedroom apartments; 176, two-bedroom apartments; and 58, three-bedroom apartments.

Amenities include a resort-style pool and sundeck, pool cabana, grilling stations, a fitness center and a nearly fours of recreational space along the shore of Lake Whippoorwill. The project will also feature more than 600 parking spaces.

The multifamily portion is part of a larger master-planned community, which will consist of a Village Center District directly west of the apartments, fronting Narcoossee Road.

Plans for the Village Center District include up to 90,000 square feet of retail and commercial space, 30,000 square feet of office space and 30,000 square feet of public space.

Located in the 12000 block of Narcoossee Road, the 45-acre site had been occupied in recent years by some single-family homes, an auto store and the Lake Whippoorwill and Barton Lake mobile home parks.

Al Helayel, a Saudi Arabian national living in France with a local home in St. Cloud, spent more than $11 million in 2012 and 2013 assembling the multi-parcel site via affiliate LLCs Al Kharj and Al Yamama.

Shaid Ahmad, a general contractor and owner of Longwood-based Shamoon Design Group, Inc., was hired by Al Helayel in 2015 to lead the property through entitlements and prepare it for sale and leasing.

The land was annexed into the city in April 2016 and Al Helayel filed initial paperwork for the first phase about a year later. However, progress on development slowed, due in part to financial reasons, Ahmad previously told GrowthSpotter.

Last year, Bainbridge completed Bainbridge At Nona Place, a 288-unit multifamily complex at 12855 Sunstone Ave., just south of Narcoossee Cove I. It paid $5.25 million for the land in 2016.

The Wellington-based real estate firm manages and owns apartments in Maryland, Virginia, North Carolina, New York and Washington, D.C. Its Narcoossee Cove project would be the company's third multifamily property in Orlando, including Solaya in Orlando's International Drive corridor.

Have a tip about Central Florida development? Contact me at arabines@GrowthSpotter.com or (407) 420-5427, or tweet me at @amanda_rabines. Follow GrowthSpotter on FacebookTwitter and LinkedIn.

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