Advertisement
Seminole County Developments

Condev signs on Davis Development and Pulte Homes for mixed-use project by Sanford’s SunRail station

Winter Park developer Condev has enlisted Atlanta-based real estate firm Davis Development and Pulte Homes to build residential units in its planned mixed-use community near Sanford’s SunRail station.

Davis Development will be taking over the multifamily portion of plans, which include building a large transit-oriented apartment community consisting of 529 market-rate rental units.

Advertisement

Meanwhile, Pulte will be developing 120 fee-simple townhomes on the topmost end of the community, located on roughly 40 acres north of S.R. 46 (West 1st. St.), between Martin Luther King Jr. Boulevard and West Airport Boulevard.

There are about 2.66 acres designated for 25,000 square feet of office/retail development. Condev president Chris Gardner told GrowthSpotter the company hasn’t committed to a developer for the commercial portion yet, but has received “quite a bit of interest” and it will contain service retail or medical office space.

Advertisement

Gardner notes he expects master infrastructure construction to begin within the next 60 days. Representatives with Davis Development and Pulte did not respond to requests for comment.

In 2020, Condev paid $5.4 million for the property and immediately began working with Sanford planning directors to slightly rearrange the development rights to allow for an apartment-heavy development, while also abiding by downtown Sanford’s development standards.

Previous entitlements allowed for up to 150 townhomes, 300 apartment units, and up to 200 age-restricted apartment units. Gardner said they decided to do away with the age-restricted homes to make a deal with Davis Development for more market-rate apartments.

Prior to the 2020 deal, the property was owned by the Diocese of Orlando. The religious organization had control of about 60 acres in the area for almost two decades before finally handing off a majority of the property to Condev.

Currently, the All Souls Catholic Church owns a location on what was left of the original assemblage, in addition to about eight acres of vacant land for a possible expansion.

Typically a Davis Development apartment community would feature a resort-style pool with a sundeck, a state-of-the-art fitness center and a dog park. It recently completed the 284-unit Solay Horizon West apartment community at 10996 Avalon Road. Records show the company paid $4.54 million for the 15.8-acre site in 2019 and broke ground in 2020 with the help of a $34.54 million construction loan from Synovus Bank.

That same year, Davis Development paid $9.8 million for nearly 27 acres of land along the future Westwood Boulevard extension in Orlando’s tourism corridor with plans to build 400 multifamily units.

Pulte Homes is also quickly expanding its footprint throughout Central Florida.

Advertisement

Earlier this year, GrowthSpotter reported that Pulte would be the primary homebuilder within The Grow, a 1,185-acre master-planned agri-hood community in east Orlando. Plans calls for 701 single-family detached and 166 single-family attached residential dwelling units.

To the east of S.R. 528, also in southeast Orlando, the homebuilder recently closed on the first 1,000 residential lots in the roughly 1,500-acre Vista Park master-planned community.

Rebranded as “Everbe,” the mixed-use project is entitled for up to 4,300 houses and apartments, 20,000 square feet of office space and 80,000 square feet of retail space. Pulte will be building the first phase, a residential subdivision called Everbe. The homebuilder is also active in Lake Nona’s Laureate Park community.

Condev is working on a larger master-planned community in Leesburg that consists of 110 acres next to the Orlando Health South Lake Hospital Emergency Room — Blue Cedar in Leesburg.

Have a tip about Central Florida development? Contact me at arabines@GrowthSpotter.com or (407) 491-3357, or tweet me at @amanda_rabines. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.


Advertisement