Charlotte-based developer Crosland Southeast expects to break ground by the end of the year on a new 320-unit apartment community in the MetroWest neighborhood and is already prepping for another new project in the Orlando market.
Brandon Hueber, vice president of development, told GrowthSpotter Crosland will apply for building permits soon for the project, called Hudson Apartments, at the northwest corner of Carter Street and S. Kirkman Road.
Hueber also confirmed that the Crosland has a purchase contract for the 11.8-acre multifamily site in auto dealer Don Mealey’s District West Planned Development along John Young Parkway between Princeton Street and W.D. Judge Drive. Mealey’s company purchased the 71-acre parent parcel on Sept. 11 for $3 million and plans to build a new Subaru dealership on the northern portion of the property.
“We’ve still got two weeks left in our due diligence period, but I feel pretty confident about this deal moving forward," Hueber said. “We really like the location. There should be a trail connection right across the street into the Packing District Park, and that’s the corner of the property where the 4Roots Farm is going to be. Our hope is to tie it into the larger Packing District and everything that’s going on there, with the new YMCA nearby.”
The preliminary site plan calls for 240 garden-style apartments divided among six 4-story, elevator-served buildings. The latest plan by LandDesign adds another seven units, all of which would be 2-story carriage style units.
“Our entitlements allowed for a density of 247 units, so we opted to add some townhomes, or carriage-house units,” Hueber said.
While the garden apartments would be a mix of studios, one- and two-bedroom units, the carriage units would be three-bedroom, two-bath units with tuck-under garages.
Crosland has had two pre-application meetings with Orlando planning staff and expects to file a master plan for the project within the next few months with a goal toward securing permits and starting construction in the second quarter of 2021.
The Crosland community could be the second multifamily community headed to W.D. Judge Drive. Last year the city approved zoning for Fern Grove, a proposed 138-unit affordable senior housing community by Banyan Development Group. Managing Partner Alexander Kiss said the firm is preparing its applications to Florida Housing Finance Corp. for State Apartment Income Loan (SAIL) combined with a 4% Low Income Housing Tax Credit financing.
Meanwhile, two residential projects are underway within the Packing District in coordination with Dr. Phillips Charities, the master developer. Toll Brothers is the selected homebuilder for 134 townhomes across from the planned YMCA on the southeast corner lot on John Young Parkway and Princeton Street. Texas-based Embrey Partners will complete The Cannery at the Packing District at Princeton and Orange Blossom Trail in 2021.