A Miami-based real estate developer with large holdings in downtown Orlando filed plans this week to turn the last vacant lot in Baldwin Park's Village Center into new retail and apartments.
Located at 4787 New Broad St., the 0.82-acre parcel lies on a highly visible southwest corner with Meeting Place, in the heart of the 1,100-acre, master-planned community of Baldwin Park.
Back in March, investment vehicle Baldwin Park Opportunities B, LLCbought the land for $2.095 million. Developer Alex Vadia is the man behind it, whose companies Midtown Opportunities and Midtown Development have played lead roles since 2010 in assembling and redeveloping about 22 acres in downtown Miami as the upscale, mixed-use Midtown Miami district.
Midtown Development filed a Master Plan on Aug. 14 with the City of Orlando for a new seven-story, 122-unit apartment building with 4,512 square feet of ground floor retail.
Amenities of the apartment building, dubbed "Baldwin House," include a swimming pool and outdoor kitchen, fitness center, pet salon room and outdoor fenced pet area, library/screening room, communal lounge, co-working space and supper club room for group dining. Two retail bays are labeled for a coffee shop and bank/art gallery, which may be subject to change.
Vadia did not respond to requests for comment on Friday.
The 122 apartments would be a mix of one- and two-bedroom units, with the rooftop featuring 10 penthouse units with terraces and a rooftop amenity space for all.
Locally, Vadia affiliates own the 18.69 acres across two city blocks in downtown Orlando that are partially leased by the Orlando Sentinel. They also own the 3.57 acres one block to the south at 434 N. Orange Ave. that are now under contract to New York-based developer Property Markets Group, which has plans under city review for 889 apartments across three phased towers and 41,000 square feet of retail-commercial.
The Baldwin Park property lies within that master-planned community's Planned Development zoning, and specifically within the Village Center core.
The mixed-use development should fit right in with adjacent buildings along Baldwin Park's busy main street. Required parking would be met by utilizing an existing parking lot to the building's southwest, which were master designed previously to accommodate future development on this lot.
A parking analysis was conducted back in May 2015 by Kimley-Horn for then-prospective developer Framework Group out of Tampa. Framework was proposing a similarly sized apartment building, and the study concluded that adjacent surface parking could serve the spaces required by city code for a new building.