Avalon Park Group (APG) is lining up the next downtown multifamily segment of its Avalon Park Town Center, filing plans on Monday for a new five-story apartment building adjacent to an office site where construction should start this fall.
Located on the southeast corner of Avalon Park East Boulevard and Sammys Way, the new 94-unit apartment building would cover most of a 1.34-acre parcel directly across from the community's central park.
The apartments would lie adjacent to a planned four-story, 38,500-square-foot office and retail building that APG introduced plans for last August.
The developer is still in pre-leasing for the office and awaiting its final building permit before breaking ground this fall, for which a general contractor has not yet been selected, Vice President of Development JJ Sofarelli told GrowthSpotter.
The office and apartment buildings will share a surface parking lot to their rear. APG's data on parking needs for the block indicate shared parking will work, based on evening demand for the residents when office and retail use is at a minimum.
That part of the Avalon Park Town Center features addresses with a 63 percent WalkScore, considered above average "with some errands that can be accomplished on foot."
The new phase of town center apartments has been long-planned to accompany the office building's development, Sofarelli said here last August. APG claims a 95 percent occupancy rate in its downtown apartments.
The new apartment building won't have on-site amenities for its residents, which is the norm for APG's other multifamily developments in the town center.
Instead, it promotes access to communal amenities in and near the town center, which include multi-purpose sports courts and fields, a barbecue cabana with picnic tables, bike trails, community pool, playground, splash pad, dog park, community center, dining and retail and community events.
Construction plans are now in production for the apartment building, said Sofarelli, with an estimated start month of October and 12-month construction timeline to follow.
A general contractor has yet to be chosen, and Sofarelli declined to estimate a total project cost at this time.