Watkins Actual Property Group eyes land alongside S.R. 417 close to Oviedo for multifamily challenge – GrowthSpotter

After wrapping development on an upscale residence neighborhood alongside Boggy Creek Highway in Orlando, an Atlanta-based developer now has its sights set on Seminole County.

Watkins Actual Property Group has submitted a pre-application assembly request to the county looking for enter on a proposed 306-unit residence complicated on three parcels totaling 23 acres alongside the north aspect of Slavia Highway, simply west of S.R. 417, close to Oviedo.

The parcels, positioned east of Purple Bug Lake Highway, are presently owned by an entity titled Wilken Property Mgmt, LLC, which acquired them for $575,000 in 2016. Surrounded by woods with a Lowe’s-anchored purchasing middle to the north, one of many parcels eyed by Watkins has been used as a storage lot for boats and RVs.

“One of many parcels is presently zoned PD, with an accepted RV/Boat storage use,” Mary Moskowitz, Seminole County’s planning and growth supervisor, stated in an electronic mail. “The opposite two parcels are zoned A-1, agriculture. The proposed flats would require a rezone.”

Nat Barganier, Watkins Actual Property Group’s vp of multifamily growth for Florida, declined to remark, citing the early levels of the challenge.

Conceptual website plans submitted to the county by Cycorp Engineering, Inc. present 9 three-story buildings with 34 models every and a floor car parking zone with 606 areas.

A pool and amenity space will go on the southeastern fringe of the property, between the clubhouse and an almost one-acre retention pond. That is the smallest of three stormwater ponds in the neighborhood, in accordance with website plans. One on the southwestern edge totals 1.6 acres whereas a pond on the northernmost tip of the positioning spans 1.1 acres.

County code requires that 35 % of the challenge website be reserved for open house.

Watkins Actual Property Group develops and manages residential and business property in 4 southeastern states: Alabama, Tennessee, Georgia, and Florida.

Its business portfolio in Florida features a newly-opened Publix-anchored purchasing middle in Polk County’s Auburndale, in addition to a number of just lately bought outparcels in Lakeland.

The corporate’s solely residential asset in Florida, in accordance with its web site, is the 310-unit Landings at Boggy Creek, which opened close to Lake Nona, simply north of the Osceola County line, in 2022.

Development started after an entity affiliated with Watkins Actual Property Group secured a development mortgage totaling $45.5 million from Truist Financial institution in September 2020, in accordance with county data.

Designed by Charlan Brock Architects, the luxurious neighborhood at 3060 Landings Circle, off Boggy Creek Highway, consists of seven, four-story residential buildings round a pond, in accordance with website plans.

Facilities embrace a resort-style pool with sundeck, coated outside residing house, fireplace pit space with grilling stations, a 24-hour health middle with a yoga and cycle studio, a WIFI café and low bar,

Based on flats.com, lease at The Landings at Boggy Creek ranges from $1,740 for a one-bedroom unit to $2,755 for a three-bedroom unit.

The world round this residence neighborhood is surging with new residential growth. To the north, Arlington Properties is looking for approval to construct a second residence neighborhood throughout the roughly 75-acre Tyson Ranch PD. The corporate has already began work on a 350-unit multifamily complicated and just lately filed plans to place one other 325 models on adjoining land to the east.

On the alternative aspect of Boggy Creek Highway, land traders Jim Dowd and Daryl Carter are on the point of hand off a few of the 22 acres they personal to a Texas-based developer with plans to construct two separate multifamily tasks totaling 638 models

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