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Developer of stalled multifamily project near Seminole State College resubmits environmental permits

The property owner wants to develop a 240-unit market-rate apartment community at 1010 W. Lake Mary Boulevard.
The property owner wants to develop a 240-unit market-rate apartment community at 1010 W. Lake Mary Boulevard. (SJRWMD/Seminole County Property Appraiser)

Plans for the Preserve at Sanford apartment complex near Seminole State College in Sanford are picking back up after a nearly two-year hiatus.

The previously proposed multifamily community was scheduled to be open a year ago, but the development site at 1010 W. Lake Mary Blvd. currently remains vacant. Plans started in 2018 called for a 236-unit apartment complex geared toward students and faculty at the nearby Seminole State College.

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On the other hand, new plans submitted in the St. Johns River Water Management District show a market-rate multifamily community with a pool deck, clubhouse, fitness center and car wash station. Entitlements allow for up to 240 apartments across a mix of one-, two- and three-bedroom units.

Seminole County's consolidation strategy aims to redevelop a significant portion of its public service offices at its Five Points Complex along U.S. 17-92.

The project is being planned by Winter Park-based entity PD Land Holdings LLC, led by developer and real estate investor Chuck Hollis. The company purchased the roughly 10-acre site for $500,000 in late 2017. Representatives were not immediately available for comment.

More recently submitted plans deviate from previous plans, which sought to build a four-story building wrapping around a shared courtyard area. New plans show four separate multifamily buildings that can rise up to 50 feet in structural height, and 60 feet with any architectural design elements. Residents will have access to garage space and bike storage, according to the plans.

RISE was the former joint venture partner in the project. It is likely PD Land Holdings will be partnering with a new development company on the latest plans.

Plans in 2018 sought to develop a student housing multifamily community with 236 units. The old site plan showed a four-story building wrapping around a shared courtyard space.
Plans in 2018 sought to develop a student housing multifamily community with 236 units. The old site plan showed a four-story building wrapping around a shared courtyard space. (Niles Bolton Associates)

The civil engineer is Connelly & Wicker of Winter Park. The environmental consultant is Bio-Tech Consulting Inc. Records show the site had wetlands, but the developer worked to approve its environmental permits to allow for its planned apartment development. PD Land Holdings is now seeking to revise its stormwater calculations.

PD Land Holdings joins a number of developers active in the area.

Nearby, in downtown Sanford, Suncor Properties is planning a new townhome development and an adjacent hotel on vacant land next to Henry’s Depot food hall.

Key Performance Hospitality Management is also in the midst of completing a $30 million renovation that will enlarge the 94-year-old Mayfair Inn hotel on Lake Monroe. The shuttered Mediterranean-style building will be restored and transformed into a new 130-room boutique hotel, that’s slated to open in 2021.

A little further away from its downtown, Orlando-based real estate firm Troon Development is putting together a roughly 30-acre assemblage of properties, less than a mile south from Seminole State College, with plans to develop up to 109 single-family homes.

Have a tip about Central Florida development? Contact me at arabines@GrowthSpotter.com or (407) 420-5427, or tweet me at @amanda_rabines. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.

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