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NVision preps land for new apartment development in Maitland West mixed-use community

NVision is proposing to build a new apartment community in Maitland inspired by Aspen, Colorado.
NVision is proposing to build a new apartment community in Maitland inspired by Aspen, Colorado. (NVision Development)

Maitland-based Nvision Development is launching the second phase of the planned apartment projects in MMI Development’s Maitland West mixed-use community.

NVision is currently moving through the entitlement stages for a proposed 385-unit apartment building, called Aspen at Maitland West. Last week, the city’s Planning and Zoning Board discussed rezoning the property with representatives at Community Solutions Group, a division of the engineering and planning firm GAI Consultants. It was the first public hearing for the project to go before the board.

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Aspen at Maitland West will serve as the sister building to NM Residential’s Tiffany at Maitland West, a 315-unit multifamily development, built in 2018, at 9301 Summit Centre Way.

The Tiffany was the first and only ground-up development to rise at Maitland West, developed by MMI in 2015. The developer committed $2 million into extending Summit Centre Way to Forest City Road to the west, and Albemarle Road to the south.

Trelago developer Battaglia Group has another developer under contract for one of the commercial lots within the large master-planned community in Maitland.

When approved in 2015, Maitland West promised to deliver about 1,000,000 square feet of commercial space, including a 120-room hotel, a 41,000-square-foot grocery store and more than 200,000 square feet of office space on the southeast corner of Maitland Boulevard and Forest City Road. The project is about five minutes away from the RDV Sportplex, where the Orlando Magic practiced from 1998 to 2010, before moving into the Amway Center.

Construction has yet to happen on the commercial portion.

Records show companies tied to NM Residential paid $12.93 million in 2015 for two lots totaling about 23 acres within the mixed-use community from MMI’s Maitland West LLLP.

The company is also teaming up with NVision to build the second phase of its Marden Ridge Apartments in Apopka. The project, called Summer House, will be a 264-unit multifamily community that will feature a golf simulator for residents and a two-story gym with a second-floor clubhouse a shuffleboard table on its balcony.

At Summer House, Nvision will manage the design, development, and construction of the project and NM Residential will be the property and rental manager upon completion.

The project is part of a growing number of multifamily developments activated in part by the construction of S.R. 414 (Apopka Expressway) and several interchanges connecting to S.R. 414 and S.R. 429.

The Aspen at Maitland West will be a five-story, market-rate multifamily building spanning about 485,200 square feet. In an email response to GrowthSpotter, Natalia Goldenberg, operations coordinator at NVision, said the building name is inspired by Aspen, Colorado and will feature a resort-style salt water pool and fitness center with outdoor workout stations similar to CrossFit.

Forum Architecture is the architect.

Other amenities include a grand porte cochère made to resemble entrances at ski resorts in Aspen. The entrance will feature green space where artists and food trucks may sell their goods or host events, Goldenberg said. Other amenities include a package/mail room, library, a speak-easy, golf simulator, rooftop bar and doggy balconies on each floor.

The partners are behind several other apartment communities across Central Florida, including multifamily projects in Sanford, ChampionsGate and Lake Wales. NM Residential is also building a student housing development called Vale East Student Living, near Valencia College’s East Campus.

The Maitland submarket has drawn the likes of businesses, developers and institutional investors like Miami-based Related Group and North Carolina-based Harbour Retail Partners, which is building the first phase of the Shoppes at Trelago project in Maitland.

In 2019, Related Group sold its 350-unit Town Trelago apartment community for $105 million to multifamily development, investment and management firm, Kettler.

Just this week, the founder and president of the digital media and entertainment school, Florida Institute of Recording, Sound and Technology, paid $5.1 million for a 40,250-square-foot single-story office building in Maitland. The school, founded by George Forbes in 2004, offers programs specializing in recording arts, film making and graphic design and web development. The office at 423 S. Keller Rd. features a gym, locker rooms, kitchen/break room and courtyard.

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Editor’s note: This story previously misstated Nvision teamed up with NM Residential to purchase land in Maitland West and develop Tiffany at Maitland West. NVision did not develop the building or own any part of it.

Have a tip about Central Florida development? Contact me at arabines@GrowthSpotter.com or (407) 420-5427, or tweet me at @amanda_rabines. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.

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