Advertisement
Multi-Family Residential Developments

Centerline Capital Advisors files plans for 304-unit apartment within vast PD in Apopka

A little more than a year ago, a South Florida real estate investment company began assembling 367 acres of land in Apopka for a giant mixed-use project promising everything from a million square feet of industrial space to 683 single-family homes.

The company, Centerline Capital Advisors, recently filed plans to the city for a multifamily piece of its Ridge at Lake Bronson project, a PD that stretches across Binion and Ocoee Apopka roads on the north and south ends of Boy Scout Road.

Advertisement

The proposed project, set to go before the city’s development review committee on August 10, calls for the construction of a 304-unit apartment community and a commercial outparcel on the western edge of the PD within parcel 6A. That parcel covers 15.7 acres.

A project leader with Centerline Capital Advisors declined to comment due to the early stages of the project.

Advertisement

The multifamily project team includes engineering firm VHB and Orlando-based architecture firm Scott + Cormia Architecture and Interiors.

Site plans filed to Apopka show four L-shaped residential buildings four stories in height with 76 units a piece. Two buildings form a horseshoe shape around the clubhouse and pool area in the center of the property facing Boy Scout Road. A dog park sits just north of building 1.

The other two apartment buildings form a horseshoe shape around a recreation area, according to site plans. The buildings would be setback 15 feet from the front of the property, 10 feet from the side with building separation totaling 20 feet.

A parking lot surrounds the dwelling buildings with 523 spaces and 53 personal garages. The project would be developed in one phase, according to site plans.

The commercial outparcel sits to the west of the apartment community on parcel 6C. Site plans for this space will be submitted under a separate master development plan, according to documents submitted to the city.

There’s a lot more development in store for the Ridge at Lake Bronson. In its entirety, The Ridge is entitled for up to 683 residential homes, 678 apartments, 350,000 square feet of commercial/office space, and 1.5 million square feet of industrial uses, according to the developer’s website.

The master development plan shows a cluster of detached single-family homes and townhomes lining both sides of Boy Scout Road in parcels 2 and 4.

Parcel 2 has entitlements for 340 residential dwelling units on 79.6 acres while parcel 4 can hold as many as 303 residential dwelling units on 58.3 acres.

Advertisement

As Boy Scout Road curves toward Ocoee Apopka Road, there’s room for another multifamily project with as many as 300 units on parcel 3, along with 75,000 square feet of office space and 25,000 square feet of general commercial space. Here, on the other side of Boy Scout Road, parcel 1 is entitled for 100,000 square feet of commercial space on 29.2 acres.

On the southern side of the PD, between Bronson Lake Drive and S.R. 429, parcels 5, 7 and 8 are slated for up to 1.5 million square feet of industrial space and up to 175,000 square feet of commercial space, respectively.

The property sits just north of Adventist Health Apopka hospital in an area that’s booming with residential and industrial development.

Centerline Capital Advisors, based out of Sunrise, Florida, specializes in land acquisition, development, and entitlement. The company, according to its website, has successfully acquired opportunistic land parcels with the vision and ability to take the asset through the development process to its highest and best use.

The company currently has 12 active projects across Florida, according to its online portfolio. Among them is the Bella Tara at Whaley Farms master-planned community in Osceola County. Bella Tara is slated to feature more than 1,900 residential dwelling units on about 660 acres that stretch from Kissimmee Park Road to Lake Toho, sandwiched between several other master-planned communities.

Plans call for a mix of single-family homes, apartments, purpose-built rental homes, and townhomes. In addition, the proposed plans feature the potential for a school site and two neighborhood centers, including one that could include boating access to Lake Toho, according the company’s website.

Advertisement

Have a tip about Central Florida development? Contact me at (407)-800-1161 or dwyatt@GrowthSpotter.com, or tweet me at @DustinWyattGS. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.


Advertisement