Lake Mary-based Integra Land Co. should start site work on a new apartment complex in Heathrow in the fourth quarter of this year, Integra president David McDaniel told GrowthSpotter.
The 348-unit complex will be located on five parcels totaling 32.28 acres, bounded roughly by International Parkway and Grant Line Road on the west, Woodruff Springs Road to the north, I-4 in the east and Wilson Road to the south. McDaniel said he and the two property owners have a sales contract and the deal should be closed later this year.
The final master development plan for Integra Crossings, approved by Seminole County Jan. 2, allows a 100,000-square-foot hotel with 240 rooms, a 325,000-square-foot commercial building, and a 350-unit multifamily community with up to 350,000 square feet.
McDaniel declined to comment on the commercial aspects of the project saying they had been approved for the future.
“Seminole County is the preferred county we like to be in,” McDaniel said. “This location is one of the (few) remaining parcels left in Seminole. It has great visibility from I-4, and it’s near the interchange with (S.R.) 429.”
The project area is adjacent to the future hospital at 4525 International Parkway. HCA opened a free-standing emergency department there this year and received state approval to add 40 acute care beds. The new hospital there would mean hundreds of workers who might want to live within walking distance of their jobs in a complex that McDaniel said will be loaded with amenities.
“We try to be in and around well-paying jobs,” McDaniel said. “Being next to a hospital is not necessarily the be-all and end-all for use, but it’s really about the jobs. We want to provide a walking proximity for nurses, doctors and technicians that work there.”
More jobs are nearby at the recently completed Regional Traffic Management Center built by the Florida Department of Transportation on the southeast side of the International Parkway-Wilson Road intersection.
Daniels said Integra Crossings will consist of a mix of one-, two- and three-bedrooms apartments in four-story buildings equipped with elevators, attached and detached garages. A clubhouse and other amenities will be part of the package.
Integra built the first multifamily development in Osceola County’s Sunrise City mixed-use development. The company is also building a 289-unit apartment community near the SunRail Station in DeBary.