The 332-unit apartment community will meet mounting housing demand in a high-growth Orlando submarket with limited competitive supply
A joint venture of CP Capital, a leading U.S. real estate investment manager specializing in multifamily investments, and Catalyst Development Partners, a seasoned multifamily real estate firm with extensive experience throughout the Southeastern U.S., announced they will be developing a new 332-unit, garden-style multifamily development in Altamonte Springs, a North Orlando submarket of Orlando, Florida. The project is expected to begin site work in Fall 2025. First units and resident amenities are scheduled to deliver early 2027.
“Together, we’re meeting the growing demand for high-quality, accessible rental options in the Orlando region while creating long-term value for our investors and the local community.”
The four-story, surface-parked property will include studio, one-, two-, and three-bedroom apartments, averaging approximately 950 square feet, with Class-A interior finishes. Building amenities will include an abundance of social areas throughout the site, including a resort-style pool with cabanas, a spacious fitness center with outdoor turf, a playground, an outdoor grilling area and outdoor seating. The clubhouse will include a co-working space complete with micro-offices, and a community kitchen.
Financial Technology Insights: Study: 70% of Viral Finance TikToks Are Misleading
“Orlando continues to rank among the Southeast’s most dynamic economies, driven by its diversified economic base that includes a growing roster of tech and fintech firms, an expanding defense sector and the global draw of its world-renowned theme parks,” said Jay Remillard, Executive Managing Director at CP Capital. “We’re thrilled to continue our partnership with Catalyst on this project. Together, we’re meeting the growing demand for high-quality, accessible rental options in the Orlando region while creating long-term value for our investors and the local community.”
Financial Technology Insights: Maximor Raises $9 Million Dollars for AI in Finance
This multifamily development will provide excellent connectivity to the MSA’s major employment and retail hubs via I-4. Along the approximately two miles to the interstate are the Advent Health Altamonte Springs hospital (3,000 employees), the Cranes Roost Park (a 45-acre park), and the Altamonte Mall (1,150,000 SF Mall / 9,500,000 annual visitors). Immediately adjacent to the site is Altamonte’s SunRail station, Central Florida’s regional passenger train system with 17 convenient stops stretching north to south from Deland to Kissimmee.
Financial Technology Insights: Bybit Unveils VIP Portal to Report Stolen Fund Inflows
“We are very excited to be working again with our trusted partners at CP Capital on the Altamonte Springs multifamily development,” says Rob Meyer, Principal at Catalyst Development Partners, “It’s gratifying to see that given the tough market conditions of the past several years, excellent fundamentals still matter; premier location and first class product design, in a growing and underserved market, along with solid support from the City of Altamonte Springs allowed us to get this project over the finish line.”
This project in Altamonte Springs marks the second time CP Capital has partnered with Catalyst Development Partners in the Orlando MSA, having previously developed The Blake in the Winter Springs submarket of Orlando, Florida.
To share your insights with the FinTech Newsroom, please write to us at sudipto@intentamplify.com
Source : prnewswire