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The Winter Park Village is all set to gain a new Avatar this year and work on it has already begun. As part of the Winter Park Village revamping project, construction has begun on a new apartment complex in the Village.<\/p>\n
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The project <\/b><\/p>\n
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Set to have 204 units in total, the apartment complex will offer Class A apartments to renters. Within walking distance from the premium Winter Park Village, which is unanimously regarded as Orlando’s second-highest real estate submarket by Orlando real estate agents <\/strong><\/a>and short sale specialists, the apartment complex is expected to be a huge hit among well-to-do renters.<\/p>\n \n Many real estate agents<\/strong> have already begun receiving queries about the complex, which is estimated to cost around $30 million in its initial construction phase. Orlando realtors<\/a><\/strong> will have a good time looking for an area that boasts an occupancy rate of over 94 percent.<\/p>\n \n Winter Park’s own architect\u00a0 <\/span>ACi Inc. has designed the entire project except for the amenities which have been designed by Miami’s famed landscape architect, the Arquitectonica International Corp.<\/p>\n \n Put together by the best in the market<\/b><\/p>\n \n Several big players associated with the Orlando real estate market<\/strong> will be involved in the project. The Finfrock Construction Inc. has been roped in to finish the construction of the $2.8 million parking lot and reports suggest half of the work has already been completed.<\/p>\n \n The Castro Lifestyle Properties LP and Epoch Properties Inc. have ventured into the construction of the Winter Park Village apartment complex. Epoch Properties Inc. is a local favorite and has previously worked on several high-profile projects in Winter Park.<\/p>\n \u00a0<\/b><\/p>\n Major highlights <\/b><\/p>\n \n The $30 million projects is expected to create over 300 construction jobs while it lasts and industry insiders specializing in rentals have projected a median monthly rental of $1,174, per apartment.<\/p>\n \n Apart from the construction of 204 rental units, the Winter Park Village construction project entails the construction of a 325-space parking garage, for an estimated $2.8 million.<\/p>\n \n