Another multifamily developer is lined up to buy the northern portion of disposable land on the Calvary Assembly of God campus near downtown Orlando, with an estimated 220 apartments planned that would complete the church's property divestment efforts that date to 2016.
Calvary filed requests last week with the city of Orlando to amend the Future Land Use sub-area policy for the property's Planned Development zoning. The owner wants to increase the multifamily unit count, add in a handful of single-family properties to the PD boundary, and abandon the Crandon Avenue right-of-way.
The tweaks to zoning come in anticipation of a sale for the second of two portions of excess surface parking within the church's roughly 40 acres. Calvary has been trying to sell the land to help fund its own plans to acquire a new building in town and open a multifaceted outreach center.
The first sale closed last December, when Atlanta-based developer Tramell Crow Residential (TCR) paid $9.4 million for 6.97 acres on the church campus' southern end, based on the southwest corner of Clay Street and Harmon Avenue.
TCR's approved Master Plan from last year calls for 310 apartments with structured parking in a development dubbed "Alexan North End," and improvements to adjacent streets.
Construction plans are currently under review by city staff. Once permits are issued demolition would start immediately, likely this summer.
TCR manages that buyer entity, but an undisclosed minority stake is held by local developer Joshua Yablon's Winter Park Property Development LLC.
Yablon is now delivering another multifamily developer for the northern 4.4 acres, an owner-operator that his company will again partner with on the land purchase, he told GrowthSpotter on Thursday.
Yablon declined to confirm the name of the multifamily group, or comment on the prospective time frame for that project's MP filing with the city, or for the land closing.
His company already owns 0.807 acres on that block, made up of three single-family lots which would be assembled with the 4.4 acres. The property is bound by Oglesby Avenue to the north, Clay Street to the east, Crandon Avenue to the south and the Kress Memorial Seventh-day Adventist Church to the west.
Scott Taylor of Florida Premier Realty Group has served as listing agent for the church's property.
He said Calvary has had strong support from the 370-plus homeowners in the nearby Orwin Westminster Association for new apartments on the property. Those would be limited to a height of 50 feet (four stories), the same as TCR's Alexan North End project to the south.