Birmingham-based LIV Development has filed plans with the City of Orlando to build 349 luxury apartments in the city’s I-Drive Corridor.
The developer is under contract to buy two lots within the Grand National mixed-use project from master developer, North American Properties. The 16-acre project that fronts on W. Oak Ridge Road across from the Orlando International Premium Outlets, has attracted national restaurants (Longhorn Steaks, Bahama Breeze and Starbucks) and a new TownPlaces Suites by Marriott, which is under construction now.
The LIV Grand National community would be constructed on two separate lots divided by an internal drive aisle but would share a 630-space parking garage on the eastern lot. Both would be 4 story, elevator-served communities with interior courtyards. The larger of the two buildings is on the western lot and has 229 apartments with two courtyards, including one with the community’s pool. The gym, clubroom and leasing office would also be located on the ground floor. The building on the eastern lot, which abuts the new hotel, would have 120 apartments.
The unit matrix is composed of 25 studios, 157 one-bedroom units, 144 two-bedroom units and 23 three-bedroom units with multiple floorplans with a premium on the 1,400-square-foot corner units that feature floor-to-ceiling windows and balconies.
The buyer is seeking to amend the approved Grand National Framework Master Plan to change the retail use to allow multifamily development instead. The property has Metropolitan Activity Center zoning, and LIV filed a Specific Parcel Master Plan for the new apartment complex. Both issues are tentatively scheduled for the Municipal Planning Board meeting on June 23.
LIV has built or acquired more than 9,000 multifamily communities across the Sunbelt states, and has three projects underway in Florida. Those are located in Jacksonville, Sarasota and Fort Myers. The company’s development director for Florida was not available for comment.
The North I-Drive tourism corridor has seen retail sites converted for development of high-end apartments. Tampa-based American Landmark Apartments is slated to build the first of three multifamily communities approved on the Dezerland parking lot at the former Artegon Marketplace.