Altamonte Springs-based LeCesse Development Corp. is one step closer to breaking ground on the third and final phase of its JubiLee Park master-planned community near the Orlando International Airport.
Matt Gourlay, development manager at LeCesse, told GrowthSpotter the company is securing the final permits for the construction of a new 292-unit apartment complex to rise on roughly 10 acres on the southwest corner of South Goldenrod Road and Hazeltine National Drive.
The first phase was the 330-unit GrandeVille at Jubilee Park apartments, now called Cortland JuBilee Park after Cortland paid $65.75 million for the complex in 2018, shortly after the multifamily community was completed. The second phase is the 312-unit BellaNova at JubiLee Park Apartments, completed in 2019.
The JubiLee Park PD, adopted by the Orlando City Council in 2009, allows for up to 1,064 multifamily dwelling units. The master-planned community is located north of the Martin B. Anderson Beachline Expressway (State Road 528) at 6708 Hazeltine National Drive. Just across is the Publix Orlando Refrigerated Distribution Center.
Similar to the first two phases, Lecesse is building the newest project, dubbed Trio at JubiLee, with joint venture partner Famlee Investment Company.
The JV partner is a family-led real estate company that is tied to late dairy mogul T.G. Lee.
From 1938 through the mid-1950′s the family accumulated approximately 2,400 acres around Lee Vista Boulevard in southeast Orlando. Over the years, it’s been teaming up with developers and selling off large chunks of its property for development.
More recently, in September, Famlee Investment Company sold 322 acres of vacant land in the LeeVista Center business park for $75 million. The buyer, a Miami-based real estate company called Chetek Capital, has plans to develop nearly 2.5 million square feet of new industrial warehouse space on the property, which is bordered by Hoffner Avenue, S. Conway Road and Judge Road/Lee Vista Boulevard.
Gourlay said the company expects to break ground on Trio at JubiLee sometime early next year.
Plans filed in the City of Orlando show the multifamily community will be made up of three apartment buildings that will be 4-stories in height. The site plan shows the apartment complex will feature a pool and amenity center.
Sam Sebaali, president and CEO of Florida Engineering Group Inc., is the civil engineer.
The neighboring communities, developed by LeCesse, feature a slew of amenities like a bike repair room; co-working space; a dog wash and grooming area; a game lounge, including billiard tables, media room, and poker table; and a state-of-the-art fitness center with an indoor basketball court and yoga and spin club.
Outdoor amenities include BBQ grills, picnic tables, soccer goals, a hammock relaxation zone, a pet park with an agility course, a playground and a zero-entry heated infinity pool.
The area around Lee Vista Boulevard has been quickly growing and is anticipated to see a wealth of new construction.
So far, the market has been developed with approximately 650,000 square feet of Class A office space and 1.45 million square feet of office, distribution and industrial space. It’s also home to over 3,000 apartments and 3,000 hotel rooms, as well as commercial and retail centers along Semoran Boulevard.
Famlee Investments has a longstanding arrangement with McDonald Development to build almost 875,000 square feet of office and industrial space in the business park across from Orlando International Airport.
Between Narcoossee Road and the Central Florida GreeneWay (S.R. 417), Pulte Homes is taking over the roughly 1,500-acre Vista Park master-planned community, developed in part by the Brunetti Organization. Last year, GrowthSpotter reported when the partners jointly filed the framework for the master plan.
Plans for Vista Park call for up to 4,300 houses and apartments, 20,000 square feet of office space and 80,000 square feet of retail space.
LeCesse is an active developer in Central Florida. The company is close to completing its 269-unit Avila mixed-use community at 3200 S.R. 426 West in Oviedo.
It’s also planning to build a new Class-A multifamily community near the Meadow Woods SunRail station in south Orange County. The developer is moving forward with plans that will bring a new 280-unit apartment complex on 14.8 acres southwest of the intersection between West Wetherbee Road and South Orange Avenue (S.R. 527).