Dallas-based Encore Enterprises will wrap construction on its Park Central apartments near Mall at Millenia later this year, and the company has its eye on a location for its second Orlando-area multifamily community in the airport submarket.
The 14.5-acre site at 7567 Narcoossee Road is about halfway between the Beachline Expressway (S.R. 528) and Lee Vista Boulevard. It’s surrounded by mostly industrial warehouse stock. The property has an expired business park Planned Development, so Encore has applied to rezone it to a mixed-use Planned Development with commercial zoning fronting on Narcoossee and R3 multifamily behind it.
Encore enlisted the same civil team from Florida Engineering Group that had previously worked with DeBartolo. They filed a framework master plan that creates a 2.4-acre commercial lot on Narcoossee with cross access to the adjacent properties, and an 11-acre residential tract entitled for 262 dwelling units. A 1.5-acre pond at the back of the property would provide a buffer between the new 3-story apartment buildings and the single family homes to the east.
Encore Enterprises operates in the commercial, hospitality and multifamily sectors. The company launched its multifamily division in 2008, specializing in ground-up construction of Class-A garden-style and garage-wrapped apartment communities.
The parent company currently owns and operates a hotel asset in Tampa and is also building a new apartment community in Fort Myers. Encore representatives were not available for comment.
Though it’s on a stretch of Narcoossee Road that isn’t known for multifamily development, the surrounding neighborhood is about to undergo a massive transformation. Two huge master planned communities — Vista Park and Torrey Preserve — are slated for construction in 2021 will draw thousands of residents to the area.