xml:space="preserve">
xml:space="preserve">
Advertisement

Bainbridge wins planning board approval for new apartments near Universal’s third gate

Elevations for the proposed multifamily buildings at 7575 Universal Boulevard.
Elevations for the proposed multifamily buildings at 7575 Universal Boulevard. (City of Orlando)

Luxury multifamily real estate firm Bainbridge Companies is moving ahead with its proposed 13-acre multifamily community near where Universal Studios is planning its third theme park.

Its Master Plan, which depicts a 330-unit apartment complex at 7575 Universal Blvd., won unanimous approval Tuesday from Orlando’s Municipal Planning Board.

Advertisement

The Orlando City Council will review plans next month. If approved, Bainbridge can begin seeking building permits for the proposed project on the southeast corner of Universal Boulevard and Carrier Drive.

Plans call for three, five-story multifamily buildings with the residential buildings surrounding interior parking lots and the proposed stormwater pond to the south. The planned Sand Lake apartment complex will be gated and feature a dog park.

A site plan for the proposed 330-unit apartment complex. Nearby developments include a 399-unit infill project on the former Republic Square shopping plaza and a 540-unit complex at 5885 Lakehurst Drive.
A site plan for the proposed 330-unit apartment complex. Nearby developments include a 399-unit infill project on the former Republic Square shopping plaza and a 540-unit complex at 5885 Lakehurst Drive. (City of Orlando/GrowthSpotter)

A separate two-story carriage building will front Universal Boulevard and a clubhouse and pool/courtyard area will be north of the stormwater pond. The majority of the parking spaces will be surface lots, while several small, single-story, garage buildings will also provide parking options for residents.

Units will feature up to three bedrooms, including 20, one-bedroom studio apartments.

Kimley-Horn and Associates Inc. is the civil engineer and Orlando-based Scott + Cormia is the architect.

Bainbridge is under contract to purchase the property. Records show Orlando-based real estate investment firm Estein USA owns the land. It paid $110,000 for the 13-acre site in 2010.

To move forward with the proposed project, Bainbridge must demolish a 6,540-square-foot, single-story office building onsite, built in 1988.

The proposed apartment project isn’t the only site in area that Bainbridge has under contract.

Just north of the property, the multifamily developer is coming close to purchasing the shuttered Mystery Fun House site at 5767 Major Boulevard.

Bob Thollander, Bainbridge’s president of development in Florida, previously told GrowthSpotter the company intends to invest about $100 million on the community. Thollander was not immediately available to comment on the Sand Lake apartment project.

Its latest multifamily project on Universal Boulevard is neighbored by several big developments in the pipeline, including a 399-unit infill project on the former Republic Square shopping plaza planned by California-based Legacy Partners.

To the east, Ohio-based apartment developer Edwards Communities recently ignited plans for the first phase of its planned 540-unit complex at 5885 Lakehurst Drive.

Nearby, Kirkman Road is expected to extend 1.7 miles from Sand Lake Road to Universal Boulevard, next to Universal Orlando’s planned Epic Universe theme park. The extension was approved by Orange County commissioners in December.

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 Facebook, Twitter and LinkedIn.

Advertisement
Advertisement