Joining a growing list of multifamily projects in the works for Sanford, Casselberry-based Third Wave Development has submitted plans for apartments just off the water at an infill site on the northern shore of Lake Minnie.
The developer, on Friday, requested a pre-application meeting with city officials to discuss a proposed 120-unit “boutique” community across roughly 30 small parcels on Lake Mary Boulevard, just west of U.S. Highway 17-92.
If approved, it would be the second Avid-branded community introduced by Third Wave in the Greater Orlando market. Avid at Loma Vista is planned for southwest Oviedo with 30 units ranging in size from 728 square feet to 1,005 square feet.
Both of these projects are described by Third Wave President Chuck Hollis as “missing middle” housing — a term coined by urbanist Daniel Parolek in 2010 to describe highly walkable urban lifestyle housing alternatives, usually seen in infill development sites, that are compatible with the surrounding community.
“Missing middle housing is a passion of ours and the Oviedo project was our first prototype,” Hollis told GrowthSpotter.
For this product, “we look for properties that have natural amenities, and in this particular case (with the Sanford project) there are multiple natural amenities,” he added.
Third Wave focuses on workforce and affordable housing, according to its website. Hollis said the goal for the new Avid community is to set rent slightly below market rate while acknowledging that is a difficult task.
“The inclination here is to play a part in helping to address the housing shortage and do so in an attainable manner,” he said. “We are trying to come up with ways that allow for a more modest rent structure.”
But as a Seminole County native, he also wants to give back to his hometown.
“We want to contribute to the community; we always want to give back in some way, shape or fashion,” he added. “This corridor, along Lake Mary Boulevard — which is really the gateway into the city of Sanford coming from the I-4 direction — has really needed some new energy for some time.”
The Sanford land eyed by the development team is an infill site that has been platted for a single-family subdivision since the late 1950′s, according to records. The homes, originally intended to be part of the Fairlane Estates subdivision to the west, were never built.
All of the parcels, totaling 9.3 acres, are currently owned by the same entity: Mar-Tone Corp.
Site plans for the Third Wave project called Avid at Lake Minnie show three four-story buildings with 40 units apiece around a surface parking lot spanning 208 spaces. Each building would span 50,108 square feet.
Amenities include a pool, dog park, fire pit and grill area, and nature trail with a pergola by the 40-acre lake.
Materials provided to the city include renderings by Illinois-based firm inVISION Studios.
“This is more of a boutique arrangement,” Hollis said. “It’s not a big, massive development. It’s really a modest approach and looks to the natural amenities as a big piece of what we will offer to our residents.”
The project will maintain a lot of the wooded area to enhance the nature trail, but also to serve as a natural buffer between the apartment community and nearby single-family houses.
In addition to this Sanford proposal and Avid at Loma Vista, Third Wave has two other projects underway in the Orlando area.
Within the Packing District on Orange Blossom Trail, the company originated and then brought in MAA to build a 293-unit apartment community called 1900 Northside.
“As I understand, they (MAA) are still working through final engineering,” Hollis said.
It will feature a five-story building with an attached parking garage and two interior amenity courtyards. The development site extends to Diversified Way and contemplates the existing rail spur being converted into a multi-use trail.
The primary access would be via Strobel Avenue, which would be reconstructed as a complete street with enhanced sidewalks and on-street parking.
The project follows the original vision of the Packing District’s master developer, Dr. Phillips Charities, to transform the 202-acre industrial area into a population center with a vibrant mix of residential, civic and commercial uses.
Sanford has seen the emergence of several multifamily projects this year.
Just to the northwest of the Third Wave site on Lake Minnie, PLK Communities is building a 240-unit apartment complex on 26 acres of property it purchased in March from Third Wave.
In mid-November, Edwards Communities and Silver Hills Development submitted plans for a 298-unit apartment building at the southeast intersection of Seminole Boulevard and N. Mangoustine Street just west of the city’s downtown.
The property sits in the city’s waterfront district, directly across the street from Lake Monroe.
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.
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.
Both of these sites are in close proximity to each other, separated only by a cluster of condominiums.
Eileen Hinson, the city’s planning director, estimates that there are roughly 2,500 apartment units in the planning stages or under construction citywide.
According to Co-Star, there are 1,650 units across seven projects under construction in the North Orlando submarket, which includes Sanford.
Other projects under construction in Sanford include:
- DeBartolo Development’s 294-unit The Henry at 2995 Railside Loop near the Sanford SunRail station.
- Crescent Communities’ 325-unit Novel Parkway at 5065 Wilson Road in unincorporated Seminole County.
- The NRP Group’s 352-unit Afton Palms at the intersection of Upsala Rd & St Johns Pky, near the Seminole Towne Center mall.
- 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.