A Miami-based homebuilder with little experience in multifamily is pitching more than 560 apartments near a future Interstate 4 interchange in Orlando's tourism corridor, filing plans Friday with Orange County.
An affiliate of Pride Homes by Garco filed its Development Plan for 567 units on 33.93 acres, to include 14 three-story apartment buildings and three two-story townhomes.
Addressed as 7241 Lake Willis Dr. but with majority frontage on Daryl Carter Parkway, the Pride Homes site is one of many in that area that stand to benefit from future construction of an I-4 interchange by the Florida Department of Transportation (FDOT).
FDOT has an official project number assigned to the future interchange, and is still working with adjacent property owners on land contribution agreements. If approved, construction wouldn't start until 2018 at the earliest.
Pride Homes has held the vacant land since 2005, when it paid $17.6 million via affiliate Pride Homes of Vineland LLC, with plans floated in the years since for various residential concepts.
Principal Omar Fonte declined to comment when reached on Friday. His own general contractor business, Longhorn Construction out of Miami, is expected to build the project after leading affiliate projects in South Florida.
Elevations within the DP name the project "Celebration Pointe South," being developed for Celebration Pointe South LLC, another Pride Homes affiliate managed by Fonte and colleagues.
The unit count breaks down as 228 one-bedroom/studio apartments, 336 two-bedrooms, and three four-bedroom townhomes.
Surface parking would total 1,059 spaces, above required capacity, and a central amenities center shows a clubhouse and swimming pool. Nearly 3 acres around the property's eastern boundary are projected for active and passive recreation area, with a walking path and exercise stations.
Construction of the project would occur in three phases, with two portions of multifamily and the three townhomes saved until last.
The property lies directly east and south-adjacent to 69-plus acres planned by O'Connor Capital Partners for the Vineland Pointe retail center. Horizontal site work and infrastructure on that project's Phase 1 is underway by Williams Company for individual Ross, Burlington and Marshalls buildings, with vertical construction also approved to start.
And northwest of the Pride Homes site, on the opposite side of I-4, Epoch Residential has 10 acres under contract with plans recently filed for 250 apartments.