With nearly 1,700 student beds already in the construction pipeline for a 270-acre tract of land just west of the University of Central Florida, another developer is looking to bring even more to the area known as the Quadrangle PD.
Orlando-based Tramell Webb Partners — which has completed a variety of housing projects across Central Florida, including several near college campuses — submitted an application to Orange County recently with a request to convert 113,139 square feet of office entitlements on two parcels totaling 20.4 acres into student housing units.
The request falls in line with what developers have been doing within the Quadrangle PD for the past several years. The PD had been entitled to UCF for 2.4 million square feet of office and retail space since the 1970′s. But as available land for multifamily housing becomes more and more scarce, builders have taken action to alter these long-held land-use designations with a particular focus on student housing.
Tramell Webb’s co-founder John Webb, whose name appears on application materials to the county, could not be reached for comment Tuesday. Site plans have not yet been submitted so it’s unclear at this point how many units the company is looking to build.
The two parcels eyed by Tramell Webb sit at the northern edge of the Quadrangle PD on Lake Ruth, just south of a townhome community and a subdivision. It’s currently owned by an entity affiliated with Illinois-based Alter Group. The commercial real estate company bought the land in 2001 for just shy of $4.8 million, according to property records.
To the west, Indiana-based Trinitas Ventures is building a 750-bed, 188-unit student housing community at 4742 Data Ct., north of Corporate Boulevard and west of N. Alafaya Trail. In July, the company bought the 6.35-acre land for $3.7 million and then secured a $33.6 million construction loan for the project.
Humphreys and Partners is the lead architect for the project.
South of the Trinitas property, at the corner of Turbine Drive and University Boulevard, American Campus Communities is developing a 250-unit student housing community with 898 beds and up to 3,000 square feet of ground-floor commercial space along with a 567-space parking garage.
The project received the green light from the Orange County Board of Commissioners in September. A company spokesperson declined to comment on the project.
American Campus Communities (ACC), Inc. is the nation’s largest owner, manager, and developer of high-quality student housing communities in the United States. Since 1993, ACC has provided a home to more than two million college students across the nation and currently serves approximately 140,700 residents, according to its website.
Tramell Webb Partners has been active in the Central Florida market where it’s introduced an eclectic blend of housing products. Its Turtle Creek community in Osceola County spans 250 acres and includes more than 725 homes, some of which were built by D.R. Horton and Lennar.
In downtown Orlando, the company built the seven-story Wellesley Condominiums with 145 luxury units, a rooftop heated pool, a fitness center, and parking garage.
Westport Partners LLC, a division of Tramell Webb Partners, has developed student housing communities near the campuses of Florida State University, Stetson University, Jacksonville University and Florida Institute of Technology, according to the company’s website.
As one of the nation’s largest public universities, UCF has a need for more off-campus housing, Mark Schlueb, the college’s director of strategic communications, told GrowthSpotter in July.
In the 2021-2022 school year, the college had more than 70,000 students enrolled. It has 7,200 student housing beds on campus.
To help students get to and from class, UCF offers shuttles between campus and 22 local student residential communities.
“Our on-campus housing has always been in high demand,” Schlueb said, “but over the past few years we’ve seen our housing units fill up very quickly. Given this demand, many students choose to live in one of the many nearby off-campus apartment complexes designed for specifically for students.”