An entity tied to Michigan-based M. Shapiro Real Estate Group just submitted plans to develop a new multifamily project north of where Unicorp National Developments, Inc. is planning its 200-acre O-Town West mixed-use project in Dr. Phillips.
According to a Development Plan recently filed in Orange County, M. Shapiro is looking to develop a 376-unit apartment community at 10900 Turkey Lake Road.
Amenities include a 7,900-square-foot clubhouse, a pool deck and cabana, recreational space, a pond area, garages and a 4,800-square-foot dog park. The site plan shows apartment buildings will reach up to four stories in height.
County records show the property was purchased by M. Shapiro in 2005 for $13.5 million. It spans about 52 acres and sits on the eastern shores of Big Sand Lake with about 17 acres considered upland area.
A future land-use amendment request to change the property’s FLUM designation was submitted in Orange County in 2018 by applicant Macomb Oakland Sand Lake LLC, which is led by the company’s president and CEO, Mickey Shapiro.
At the time, the applicant was seeking allowances for a higher density project so it may build up to 25.2 units an acre or a total of up to 424 units, as oppose to previously approved allowances granted by the land’s previous owner to build up to 20 dwelling units per acre or up to 330 units.
The transmittal was approved in late 2018. Around the same time, the Florida Department of Transportation negotiated a deal with the property owner to buy about 12,000 square feet of the site.
The most recently filed DP shows the developer is working with civil engineer Terra-Max Engineering and architect, Fugleberg Koch on the project. Mark Kassab, a senior vice president at M Shapiro, was not immediately available to comment.
Just south of the property, Unicorp is developing a luxury mixed-use project on about 200 acres of land around the Palm Parkway and Daryl Carter Parkway intersection.
Plans consists of combining over 1,500 residential units with retail, dining and office space across four sub-districts: Village at O-Town West, The Crossings at O-Town West, the Town Center at O-Town West and the Boardwalk at O-Town West.
In a previous interview with GrowthSpotter, Unicorp Chairman and CEO Chuck Whittall said the company plans to break ground on the residential and retail components of the project this year in 2020.