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A Winter Park developer has filed plans for a nearly 50-acre mixed-use project in east Orange County with a blend of multifamily and industrial components.

The project, dubbed Innovation Pointe, is being proposed by Dustin Lucas of JEL Land Development.

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Last week, Lucas filed a Technical Review Group application in Orange County seeking a Land Use Plan that can accommodate up to 350 multifamily units and more than 364,000 square feet of industrial space.

If approved, the development would rise on about 46 acres of undeveloped land along Innovation Way, just south of S. Alafaya Trail.

The developer paid $900,000 for a majority of the property in 2015.

Orlando's apartment vacancy rate projected to remain low this year, driving demand for existing properties.

About a year later, Lucas sold 12.5 acres to Bouik Koshmer, who is the president at SureLock Self Storage. The land traded hands for $1.32 million.

The self-storage company previously ran a facility at 7628 Narcoossee Rd., but according to its website, it is no longer at that location.

Kimley-Horn and Associates, Inc. is the civil engineer. Thomas R. Sullivan of GrayRobinson is representing the developer.

The site sits just south of the emerging 1,860-acre Avalon Park neighborhood, which is being master-planned by Avalon Park Group (APG).

The neighborhood puts forth urban design concepts that prioritize a neighborhood's walkability, according to its website. Roughly 3,400 single-family units, 1,431 multi-family units and more than half a million square feet of commercial space is planned for the area.

Insight on this east Orlando developer's latest stage of mixed-use in Avalon Park, and opportunity ahead for builders on adjacent projects.

Currently underway are APG's new five-story apartment building, which sits directly across from the community's central park. APG is also planning a 38,500-square-foot office and retail building, nearby.

Innovation Pointe is near where Toronto-based Starlight Investment recently acquired the 264-unit The Reserves at Alafaya apartment complex for $42.7 million.

The garden-style apartment community at 3715 Alafaya Heights Rd. was built in 2014 by the Morgran Group, which is led by a group of investors including Daniel Thall of TGD Orlando.

Thall is behind various entities including the Morgran Group that are subdividing its 512-acre Reserve at Alafaya property southwest of Avalon Park. The LUP's development program calls for up to 400 single-family homes, 1,750 multi-family units, 100 town homes, 300,000 square feet of commercial space, 50,000 square feet of office, a 20-acre park and three-acre bike trail.

In late 2015, an entity led by Thall proposed 275 units for Tract 8B (16.85 gross acres), which will be a mix of 18 three-story apartment buildings and carriage homes.

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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