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Trammell Crow Residential files plan for 656 apts on Universal Boulevard

Highlighted on the map above are the 26 acres targeted by Trammell Crow Residential for purchase, for which plans have been filed for 656 apartments off of Universal Boulevard.
Highlighted on the map above are the 26 acres targeted by Trammell Crow Residential for purchase, for which plans have been filed for 656 apartments off of Universal Boulevard. (Kimley-Horn)

Atlanta-based developer Trammell Crow Residential (TCR) filed plans on Wednesday for 656 apartments on 26 acres it's preparing to buy in the heart of Orlando's tourism corridor, northeast of Universal Boulevard and between planned sites of TopgolfAndretti Indoor Karting & Games, and the bulk of Universal Orlando's 474 undeveloped acres.

GrowthSpotter first reported in early July the company had a contract on the property, with an expectation to close by end of the year.

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Located north of the Las Palmeras by Hilton Grand Vacations timeshare hotel, the project's footprint would occupy 26.17 acres in the northeast corner of a 55-acre parcel owned by Orlando Equity Partners LLC (OEP), an affiliate of Southwood Development Company in Atlanta.

Dubbed Alexan at Universal, the Development Plan filed with Orange County calls for 656 units, spread across 11 four-story buildings and 12 two-story carriage houses built in two phases, with two swimming pools.

The unit mix would be 54 studio apartments, 296 one-bedroom, 262 two-bed and 44 three-bed. The property is zoned for up to 700 units.

TCR officials did not respond to calls for comment late Wednesday.

A two-lane boulevard is currently under construction that will cut directly through the middle of OEP's 55-acre parcel, connecting the apartment community to the lighted intersection of Universal Boulevard and Convention Way.

The product would be the same market rate, Class A apartments the company has built around the country. This would be TCR's third local community.

Charlan Brock and Associates is the project architect, Kimley-Horn is the civil engineer, and PEC-Surveying and Mapping was the surveyor.

TCR's DP filing is the third this week for new apartments proposed in the tourism corridor.

Wood Partners filed plans on Tuesday for 314 units east of the tourism corridor on Central Florida Parkway, as did ContraVest with plans for 344 units as its second phase at the northwest corner of Universal Boulevard and Destination Parkway.

Have a tip about Central Florida development? Contact me at bmoser@growthspotter.com, (407) 420-5685 or @bobmoser333. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.

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