Ustler Development and a co-developer could break ground as soon as October on the first market rate apartments project in Creative Village, filing an initial site plan last week for the 14-story building.
A new site plan packet filed with the City of Orlando details approximately 390 apartments, 6,500 square feet of ground-floor commercial space with a front porch and patio facing the Creative Village central park, and 570 parking spaces in an integrated 10-level garage.
Amenities on the building plan include a rooftop pool and pool deck, clubroom and terrace overlooking the central park, fitness center, business center, co-working space collaboration and study spaces on each residential floor, an interior courtyard and bike storage room.
Parcel M will be the first market-rate apartment project at Creative Village, and will follow the mixed-income Amelia Court housing development now under construction, and the 15-story student housing project also under construction, developed by Ustler and DEVEN.
Completion of this market-rate multifamily building is targeted for mid-2020.
As master developer of Creative Village, Ustler will also help coordinate the development of this building with Mill Creek Residential Trust's future plans for market-rate apartments on nearby Parcel U (1.7 acres).
That will be done to appropriately stagger the two buildings from a timing standpoint, and address considerations like the competing unit mix, unit sizes, amenities and architecture, Ustler said.