Local developer and real estate investor Chuck Hollis is proposing to develop a “missing middle” apartment building near southwest Oviedo.
A company led by Hollis, who serves as president of 3rd Wave Development in Maitland, is working with Seminole County planners to build a three-story, 30-unit apartment project northeast of the intersection between State Road 417 and State Road 426.
Hollis told GrowthSpotter his proposed Avid at Loma Vista project provides “missing middle” housing — a term coined by urbanist Daniel Parolek in 2010 to describe highly walkable urban lifestyle housing alternatives, usually seen in infill development sites, that are compatible with the surrounding community.
Missing middle housing includes multiplexes, cottage courts and small-scale apartment buildings, among others. Typically the product is developed to fit into the neighborhood and support walkability and local retail and restaurants. The housing type generally also has easy access to public transportation options.
“I talked about the project to some neighborhood restaurant operators and they’re excited,” he said. “[Future residents] can literally walk out and go have an Italian food or what have you, or enjoy the lakefront amenities behind the building.”
The property fronts a natural pond across the 23-mile Cross Seminole Trail that extends from the Cady Way Trail, at the intersection of Aloma Avenue and Howell Branch Road, to the Lake Monroe Loop in Sanford.
Avid at Loma Vista will feature one- and two-bedroom apartments and direct access to the Cross Seminole Trail, as well as an outdoor BBQ area, patio space and a pergola gazebo, Hollis said. The project will have market-rate rents, he adds.
The proposed project takes the remaining 30 multifamily units available within the Loma Vista Planned Development, approved in early 2000′s. The development is located near the 380-unit garden-style Trails at Loma apartment community, built in 2001 at 5200 Loma Vista Circle.
PD Land Holdings LLC, a company managed by Hollis, purchased the 4-acre parent parcel in Loma Vista in 2018. Hollis sold about three acres to RAAD LLC in 2019 for $960,000. He told GrowthSpotter the buyers intend to develop a medical office at that location. Avid at Loma Vista is proposed for the remaining land.
Hollis is also behind the 240-unit Preserve at Sanford apartment complex near Seminole State College in Sanford.