Some of the remaining office entitlements within the roughly 470-acre Quadrangle Planned Development by the University of Central Florida may be replaced to enable new rental residences.
Developers are trying to chip away a gargantuan amount of office entitlements (about 2.4 million square feet) within the PD and convert them to build student housing and apartments — a mix of market-rate and workforce housing.
Earlier this month, a company led by Michael McArdle and Alton Lightsey appointed Jarod Stubbs with Kimley-Horn to submit a Land Use Plan requesting an exchange of entitlements on Tract 18A within the PD from office to multifamily.
The 8.5-acre property, located on the southeast corner of Corporate Boulevard and Quadrangle Boulevard, is under contract with an unknown developer seeking to build 350 multifamily residences, of which, 10% would be allocated for workforce housing, records show.
The developer is seeking certain bonuses to allow for a maximum building height of 75 feet (6 stories) in lieu of 50 feet (4 stories), and a minimum living area of 400 square feet, in lieu of 500 square feet. Plans call for 60 one-bedroom units, 185 two-bedroom units and 105 three-bedroom units.
McArdle or Lightsey did not respond to multiple requests for comment.
To the north, on Tract 5B, a company tied to Fort Lauderdale-based charter school developer Red Apple Development is seeking entitlements to allow for up to 750 student housing beds on about 6.25 acres on the southwest corner of Data Court, across from the 230,000-square-foot Siemens Quad II building at 11950 Corporate Boulevard.
Jarod Stubbs with Kimley-Horn is also working with the applicant in its Land Use Plan application requesting a small-scale FLUM amendment from office to HDR (student housing).
To the south, on Tract 23A, American Campus Communities wants to develop up to 950 student housing beds with up to 3,000 square feet of ground-floor commercial space at 12124 High Tech Avenue.
Currently, the 4.5-acre property features a 75,000-square-foot office building that American Campus Communities purchased last year for $11.5 million. The property can feature a building reaching up to 10 stories in height.
Scott Stuart with Kelly, Collins & Gentry Inc. is the engineer.
Both applicants submitted amendment requests to the Development Order for the Quadrangle Development of Regional Impact in March.
Earlier this month, Red Apple Development requested a public hearing at the next available Orange County Board of County Commissioners meeting.
American Campus Communities LUP is still under review by staff and has not yet been to the county’s Development Review Board.