Private real estate firm Onicx Group has broken ground on $65m East Park Village Apartments, a new multifamily community, in Orlando, Florida, US.
Located at 10735 Moss Park Rd. in the Lake Nona neighbourhood of Orlando, the 264-unit multifamily development is part of a $200m mixed-use development.
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The company stated that the project is backed by entrepreneur Kiran Patel.
Kiran Patel said: “We bought this land eight and a half years ago with the vision of a large mixed-use project and I am happy to see it come to fruition. This location is amazing and is ideal for any young family starting their lives.”
Designed by architectural firm The Lunz Group, the project will include a hotel, a medical office building, and retail spaces.
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East Park Village Apartments will feature 335,000ft2 of residential apartments, providing a range of one to three bedrooms.
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By GlobalDataIt will also include fitness centre with spin/yoga room, detached garages, a playground, business centre with individual workstations, and a swimming pool with outdoor kitchen and recreational area.
Construction work of the new multifamily community is expected to be completed in early 2024.
The Lunz Group president Bradley Lunz said: “As a firm, we believe that the focus in multifamily design should be on creating positive living experiences, fulfilling one of the fundamental needs of humans.
“When the project was submitted for building permit earlier this spring, it was, at the time, the biggest construction permit sought in 2021 in the Orlando market.”
Live Oak Contracting, a full-service general contracting firm, has been appointed as the general contractor for East Park Village Apartments.
Onicx Group president and CEO Dhvanit Patel said: “We are expanding our regional footprint with this mixed-use development in Lake Nona. The net migration of Orlando over the last decade justifies the need of a project of this scale and magnitude.”
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Ground-breaking ceremony at East Park Village in Orlando, Florida, US. Credit: Onicx/ PRNewswire.
