Alliance Residential Company recently closed on 10 acres in Clermont to construct a 200-unit apartment complex in the Plaza Collina mixed-use district with outdoor lovers in mind.
The developer paid $3.66 million for the property in November 2022 and received $35 million in construction financing from Pinnacle Bank. Avanti Properties Group, the master developer of Plaza Collina, was the seller. The first apartments are scheduled to be ready for occupancy by spring 2024.
This project has been in the works for a long time, said Bobby Anderson, managing director at Alliance Residential. He said while the developers originally intended to have apartments ready for occupancy in 2022, Clermont’s 18-month moratorium on apartments pushed the schedule back.
The city had banned new apartment projects beginning in September 2019. The moratorium was set to expire in April of that year, but council members extended it another 90 days to implement code changes to add new incentives for affordable workforce housing.
“We are already turning dirt,” Anderson said. “We are filing applications for zoning on a second phase on this same property, but we are in the very early stages. That would be for 295 apartments.” For now, it is called Prose Clermont. “It still has a long way to go.”
The luxury apartment complex will feature units ranging in size from 661 square feet to 1,836 square feet at 5000 Collina Terrace. The complex will have direct access to the 22-mile-long West Orange Trail, a very popular Florida rail trail, and will be just a 15-minute bicycle ride to downtown Winter Garden.
“The biggest thing that differentiates this from other deals is the location,” Anderson said. “Last time I looked, the Orange Trail was the most-used in the state of Florida and being a 15-minute bike ride from downtown Winter Garden, all that appeals to the tenant that likes the outdoor lifestyle.”
Downtown Clermont, itself, features bars, restaurants, galleries, shops, and historic sites, all within close proximity to the proposed complex. Clermont is 22 miles west of Orlando. The Plaza Collina shopping center will be home to Lake County’s first Costco Wholesale Club.
Broadstone Plaza Collina, as the complex is named, will be Alliance Residential’s 11th Florida project. The company is based in Scottsdale, Arizona, and has communities across 16 states and 39 metro areas. It bills itself as one of the largest and most active rental residential developers in the country.
This will be the first complex it builds in Florida with the outdoor theme, Anderson said.
The apartment community, with 10 two-story and three-story buildings, will feature a 5,674-square-foot clubhouse and resort-style pool with sun shelf seating, virtual classroom instruction, Wi-Fi throughout its social spaces and a bike shop with tools and storage. A state-of-the-art fitness center and onsite dog parks are also in the plans.
The complex will be part of Alliance’s Broadstone brand and will feature 96 one-bedroom units, 84 two-bedroom units, 12 three-bedroom units, and eight townhome-style apartments, which will each have a garage.
The units will feature granite countertops, “wood-style” floors, a washer and dryer in each unit and stainless steel appliances. Garages will be available for rent for tenants for all units except the townhome apartments.
In addition to West Orange Trail, the apartments will be built adjacent to the 25.5-mile South Lake Trail, which runs through Clermont and Minneola and nearby Killarney Station. West Orange Trail connects and runs through downtown Oakland, Winter Garden and Apopka.