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Multi-Family Residential Developments

Ohio-based development team eyes multifamily site in Sanford

Silver Hills Development and Edward Communities are looking to build one five-story building with 298 dwelling units on 5.3 acres at the southeast intersection of Seminole Boulevard and N. Mangoustine St. just west of the city’s downtown.

An Ohio-based development duo that made its entry into the Orlando market three years ago by building near the site of Universal’s next theme park is teaming up once again on what would be their third local multifamily project.

This time, Edwards Communities and Silver Hills Development are looking outside the tourism district — where they’re also planning to put an apartment community near Disney World — and eyeing property in Sanford’s waterfront district near Lake Monroe.

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Erika Hughes with engineering firm VHB requested a pre-application meeting with city staff on Nov. 17 to discuss a development program that involves the construction of an apartment community consisting of one five-story building with 298 dwelling units on 5.3 acres at the southeast intersection of Seminole Boulevard and N. Mangoustine Street just west of the city’s downtown.

The most recent proposal, at the location marked with a star, is the latest multifamily project to emerge in the city of Sanford.

An entity titled Florida Superior Properties Economic Community Services Inc has owned the property since 2011, when it bought it from what is now Truist Bank for $200,000.

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A conceptual plan submitted to the city by Dimit Architects — which has an office in Winter Park and has worked with the team on previous projects — shows a wrap-style apartment building with an attached parking garage up to four stories with vehicle access on Fulton Street.

A courtyard cut out in the middle of the apartment building will hold amenities for guests, such as a pool, plans show.

Dimit Architects declined to comment and Seth Mendelsohn, the principal with Silver Hills, was unavailable Wednesday.

The development team broke into the Orlando market in 2019 when they submitted plans to the city for an apartment complex on a 9-acre site just north of Lockheed Martin and near the intersection of Universal Boulevard and Sand Lake Road, where Universal Studios is planning its third theme park.

An entity affiliated with Mendelsohn, Esh Orlando LLC, closed on the land at 5885 Lakehurst Dr. in March of 2020 for $9.1 million, according to Orange County deed records. Phase 1 of the community, titled Triton Cay, is now open with 345 units. Rents range from $1,695 to $2,005 for a one-bedroom unit and from $2,025 to $2,845 for a two-bedroom unit.

Construction on the 166-unit Phase 2 is expected to begin in the fall of 2023, according to city records.

Silver Hill and Edwards Communities are also seeking approval to bring a mixed-use community to S Apopka Vineland Road/S.R. 535 on the southwest shore of Lake Bryan near Disney theme parks.

Silverhill and Edward Communities are also seeking approval to bring a mixed-use community to S Apopka Vineland Rd./S.R. 535 on the southwest shore of Lake Bryan near Disney theme parks.

In April, the team submitted a land use change request to Orange County in order to iron out necessary zoning and entitlement details related to the project.

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The property currently holds entitlements for 1,186 hotel rooms. The application, filed by VHB on behalf of developers, is asking to convert a chunk of those entitlements into apartment units and commercial usage.

In total, the application requests an allowance of 332 multi-family units and 5,300 square feet of commercial space. The proposed equivalency matrix would require a tradeoff of about two-thirds of the entitled hotel rooms, which would leave the developer with a balance of around 400 rooms.

That request is pending approval and the developers have yet to buy the land.

The most recent proposal is the latest multifamily project to emerge in the city of Sanford.

Eileen Hinson, the city’s planning director, estimates there are roughly 2,500 units in the planning stages or under construction citywide.

Some recent projects include:

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  • Ohio-based PLK Communities purchased 26 acres along Lake Mary Boulevard in March with plans to build a 240-unit apartment complex on the property, located a short drive west of U.S. 17-92.
  • Miami-based Royal Palm Companies is under contract to purchase an assemblage of parcels along the south side of State Road 46, roughly three miles west of downtown, for a mixed-use concept that’ll include a luxury 462-bed apartment community and future commercial space, site plans show.
  • Atlanta-based Carter USA is planning a 320-unit apartment community with room for commercial growth just south of S.R 46 near the northeast intersection of St. John’s Parkway and Rhinehart Road.
  • Wendover Housing Partners is looking to add to Sanford’s affordable housing stock by adding another phase to its Monroe Landings apartment community within the city’s historic Goldsboro neighborhood.

The first phase of Monroe Landings is 60 units. Phase 2 would bring another 84 units to the property next door. All of the units will be affordable according to criteria set by the federal Department of Housing and Urban Development.

Have a tip about Central Florida development? Contact me at (407)-800-1161 or dwyatt@GrowthSpotter.com, or tweet me at @DustinWyattGS. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.


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