Providence One Partners just locked down a footprint next to the Jewish Federation campus in Maitland with the intended purpose to develop a new assisted living facility.
According to a deed filed in Orange County, the developer paid $2.85 million for the property on the southern end of the campus.
It was sold by the Jewish Federation of Greater Orlando after the property at 851 N. Maitland Ave. was subdivided into two parcels.
The Jewish Federation campus intends to keep its address. The city will assign the subdivided property a new address, but hasn’t yet.
The property that just traded hands was formerly used by the Jewish Academy of Orlando (previously named Hebrew Day School). Today, the two-story building sits vacant. The section of the campus was part of an expansion by the federation in the early 2000s.
Providence One Partners plans to retrofit the building into a two-story, nearly 44,000-square-foot assisted living facility. The developer has been working with city planners for more than a year to entitled the land to allow for the construction of a 58-bed facility.
Michelle Pierce, a principal at Providence One Partners, told GrowthSpotter the firm plans on refacing the building to add more residential components that will broaden the windows and spruce up the landscaping. She said the firm also plans to add canopies and a porte-cochère.
On top of that, the developer will be converting the current playground area into an outdoor courtyard. The development will be called Providence Living at Maitland.
Pierce said the project will feature acuity-based staffing practices, which can mean higher staffing levels that provide 24/7 observation and assistance, as well as memory-care units.
Construction work is slated to begin in May 2020. A bridge that connects the building to neighboring community center will be demolished. Pierce said the development team is currently seeking about $10.5 million in construction financing.
Providence One Partners submitted a Planned Development Amendment application in the city about a year ago. Prior to that, a team of investors had pursued developing a similar concept on the property, but those plans never fell through.
Pierce said the development team is excited about the potential synergy between the new assisted living facility and the community center next door.
“We’re really hoping to coordinate programs for the students to volunteer or vice versa,” Pierce said.
Meanwhile, another assisted living facility is also in the works in Maitland.
In February, GrowthSpotter reported that Jacksonville-based Vestcor Companies paid $3.25 million for land within the Trelago master-planned development, between Interstate 4 and North Maitland Avenue, with plans to develop more than 100 assisted living units.
Providence One Partners also developed Colonial TownPark in Lake Mary.