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Houston multifamily developer eyes site in MetroWest for new Class A complex

Houston multifamily developer eyes site in MetroWest for new Class A complex
Houston-based The Dinerstein Companies (TDC) is planning to build a new 320-unit apartment complex overlooking Turkey Lake in MetroWest's Veranda Park. (Humphreys & Partners Architects)

A Houston-based multifamily developer that entered the Orlando market last year is under contract to buy 9.2 acres in the Veranda Park section of MetroWest.

The Dinerstein Companies (TDC) filed a Master Plan application with City of Orlando for a 320-unit Class A apartment complex dubbed Millenium MetroWest.

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The build site is at 6875 Piazza Grande Avenue (Lot 3) and 6951 Via Lago Lane (Lot 5B) within Veranda Park portion of the MetroWest Master Planned Community. The site plan by Poulos & Bennett calls for 10 3-story walk-up garden apartment buildings with six overlooking Turkey Lake.

The development plan emphasizes smaller units, with 60-percent (200 units) being one-bedroom floorplans. The rest are 90 two-bedroom and 30 three-bedroom units.

The development plan calls for 10 3-story walk-up garden apartment buildings with a community clubhouse and pool overlooking the lake.
The development plan calls for 10 3-story walk-up garden apartment buildings with a community clubhouse and pool overlooking the lake. (Poulos & Bennett)

TDC worked with Humphreys & Partners Architects to blend in with the current Veranda Park design theme yet provide a slightly modernized, lighter color concept. The exterior skin will be a combination of fiber cement panels and lap siding while the roof will be a flat design with a reflective coating.

The clubhouse would feature amenities such as a large fitness center, cybercafé, outdoor patio, resort style pool, club room with indoor kitchen, and open concept leasing office with meeting rooms and offices.

The unit interiors are designed with "stunning modern kitchens, European inspired bathrooms, in-unit washers/dryers, and hi-tech luxury electronic features," according to the project narrative.

TDC entered the Orlando market in last summer with the acquisition of Promenade Crossing apartments in Baldwin Park. The company has been in business for more than 60 years and in the last decade has capitalized $2.51 Billion in new developments and sold $2.02 Billion of our multifamily product. Officials with the company could not be reached for comment.

TDC also bills itself as one of the leading "green" developers in the country with a total of $1.3 Billion in LEED product completed or currently under construction.

Have a tip about Central Florida development? Contact me at lkinsler@GrowthSpotter.com or (407) 420-6261, or tweet me at @LKinslerOGrowth. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.

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