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Multi-Family Residential Developments

Unicorp expands scope of mixed-use project planned for Avalon Road

Unicorp National Developments —which has brought the Orlando market popular dining, shopping, and entertainment destinations such as Icon Park and O-Town West — is looking to expand the scope of a mixed-use project planned for Avalon Road, just south of Horizon West near Four Corner

Unicorp National Developments —which has brought the Orlando market popular dining, shopping, and entertainment destinations such as Icon Park and O-Town West — is looking to expand the scope of a mixed-use project planned for Avalon Road, just south of Horizon West near Four Corners.

In April, the Orlando-based company laid out a vision for 139 acres owned by Westgate Resorts near Winter Garden with a proposal to bring the area 20,000 square feet of commercial space and a mix of housing types. Unicorp, in an application submitted to Orange County at that time, stated its intention to build 304 apartment units while making lots shovel-ready for another developer to come in and place 253 attached and detached single-family homes.

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But months later, in June, Unicorp secured nearly 14 acres of adjacent land to the north for $7.5 million with a plan to add another 250 apartments to this Avalon Road project.

“We are going to put those sites together and make it one development,” Chuck Whittall, Unicorp’s president, told GrowthSpotter. “We will do luxury apartments along with single-family homes.”

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He said when the property became available to the north of the land owned by Westgate Resorts, he wasted no time putting in an offer.

Unicorp has nearly 10,000 multifamily units in the construction pipeline for Orange County alone. Just north of where it’s planning this mixed-use project along Avalon Road, Unicorp is looking to build a 212-unit luxury apartment community in Horizon West called Elysian, shown here.

“We purchased it right away,” Whittall said. “We just thought there was a need for more residential out there so we are going to build about a $200 million apartment complex and then sell the single-family lots to a home-builder.”

The developer submitted an application to the county this week seeking to rezone the 14 acres from its current agricultural designation to allow for residential units. Simultaneously, the county is reviewing the request submitted in April to change the land use for the larger tract to the south within the Sutton PD, which Unicorp has yet to purchase.

According to site plans drafted by Kimley Horn, some of the single-family lots will border either Lake Scott or Lake Rexford.

Another multifamily project is in the works for property across the street. Dustin Brinkman, a project manager with engineering firm KPM Franklin, has filed an application to change land entitlements for 57 acres from hotel rooms to allow for five-story apartment buildings with a total of 382 units.

With an already robust portfolio in the Orlando area, Unicorp has nearly 10,000 multifamily units in the construction pipeline for Orange County alone. Just north of where it’s planning this mixed-use project along the east side of Avalon Road, Unicorp is looking to build a 212-unit luxury apartment community in Horizon West called Elysian.

The complex will come with an amenity package that includes a wine-tasting lounge, sauna, and an indoor basketball court.

Unicorp is also filling out its nearly 350-acre O-Town West project near Universal theme parks.

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The massive mixed-use site is approved for more than 1,500 residential units with retail, dining and office space divided among four sub-districts: Village at O-Town West, The Crossings at O-Town West, the Town Center at O-Town West and the City Center at O-Town West.

Construction is wrapping up on two luxury apartment communities here.

The Glass House will total 900 units once all phases are complete within the Village district. Unicorp received a $77 million loan in December of 2020 from Goldman Sachs to finance Phase 1 of the project. It’ll feature a lagoon amenity and a restaurant serving three meals a day. Once open, tenants can enjoy poolside food and beverage service delivered right to their lounge chairs.

Work is underway on The Bentley, a 396-unit midrise apartment community in the town center district. Unicorp received a construction loan totaling $68 million in April 2021 for this project.

The Glass House will begin welcoming tenants in January.

Work is also underway on The Bentley, a 396-unit midrise apartment community in the town center district. Unicorp received a construction loan totaling $68 million in April 2021 for this project.

The Bentley’s on-site amenity programming will include a resort-style swimming pool with jacuzzi, resident lounge with a coffee bar, a social area featuring billiards and arcade games, a theater room, an entertainment lanai with HDTV, a ZEN garden with hanging moon chairs and water features, outdoor walking trail, a firepit, 24-hour fitness center with TRX and yoga studio, a conference room, bike rentals, outdoor gaming areas offering cornhole, Jenga and putting green, and electric car charging stations.

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The Bentley will open its doors in December.

In O-Town West, the developer has plans to build another 200-unit community called The Luxe at Dr. Phillips (formerly reported by GrowthSpotter as the Eden) where rent rates will start in the $3,000 range. Here, residents will feel like they’re living in million-plus dollar homes, Whittall said.

The apartments planned for Avalon Road just south of the Horizon West boundary won’t be quite as high-end.

“They won’t be to that scale, but they will be very nice,” Whittall said.

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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