Casey Babb, CCIM

Vice President Investments
Director – National Multi Housing Group

Email: Casey.Babb@MarcusMillichap.com
Phone:
(813) 387-4723 – Direct
(813) 368-0835 – Mobile

Paul Bouldin

Senior Associate

Email: Paul.Bouldin@MarcusMillichap.com
Phone:
(813) 387-4747 – Direct

Marcus & Millichap, as exclusive advisor, is pleased to offer for sale the Avian Pointe master-planned community site; a 126-acre +/- land assemblage located along SR 414/429 just south of US Highway 441 in Apopka, FL.  This fully-entitled site is located in the direct path of growth on Orlando’s northwest side just 1-mile south of the Wekiva Parkway Extension which will complete the beltway around Orlando and produce explosive growth in the surrounding area as travelers will now be able to easily connect to employment centers and other points of interest in Seminole County; specifically in Sanford, Lake Mary and Heathrow which have a combined 19.9 million square feet of office space.  Existing entitlements allow for 58 single family homes, 216 townhomes, 484 apartments and another 19.65 acres of recreational and commercial / institutional mixed-uses which allow for a school, boutique hotel, professional office, senior living and centralized community amenities such as a resort style pool, playgrounds, dog park and a variety of sports fields and the development agreement requires that a new access road be built in phases to provide connectivity to and from West Orange Avenue and also allows for directional signage at both Orange Avenue to the north and Lust Road to the south.  The master-planned community will adhere to specific design characteristics which will make this a top tier residential and mixed-use community and those standards are further discussed herein in the Master Plan Concepts Overview section of our offering memorandum.

 

In addition to new access points in Seminole County, residents will enjoy more direct proximity to grocery, shopping, dining and service retail within the City of Apopka mostly along US Highway 441.  Apopka Commons shopping plaza, less than 1-mile from the subject, contains a Home Depot, Staples and Panera Bread among others and the center directly to the north includes a Lowe’s, Winn-Dixie and Planet Fitness.  In addition, access to the Lake Apopka Wildlife Drive, Lake Apopka Loop Trail, Wekiwa Springs State Park and the new Florida Coast to Coast Connector will make Avian Pointe the first choice for nature enthusiasts, bird watchers, bike riders and anyone who enjoys the outdoors.  To the south, residents can access SR 414/429 and travel seamlessly to cities and destinations in West Orange County including Winter Garden, Ocoee and Windermere and the Walt Disney World Resorts and Theme Parks; a worldwide destination and the most visited vacation resort in the world with over 52 million attending annually.  Disney World Resorts consists of 27 themed resort hotels, 9 non-Disney hotels, 4 theme parks, 2 water parks and 4 golf courses.  Thanks to the elaborate network of major transportation systems surrounding Avian Pointe, future residents will also be able to enjoy quick commutes into downtown Orlando via SR 408 (the East-West Expressway) and the Orlando International Airport via the Turnpike.  Downtown Orlando is a major destination point in Orlando with over 12 million square feet of office space, hundreds of restaurants and bars, the Dr. Phillips Center for Performing Arts, City Hall, Church Street Station; a major entertainment district and the Amway Center; home to the NBA’s Orlando Magic and host for numerous concerts and events annually.

  •  Master Planned 126 +/- Acres located in the Direct Path of Growth in Northwest Orlando
  •  Fully Entitled for 58 Single Family, 216 Townhomes, 484 Apartments and 19.65 Acres of Recreational and Commercial Uses
  • Excellent Frontage and Visibility along SR 414 and just 1-mile south of the new Wekiva Parkway Extension
  • Within 20 minutes of downtown Orlando, Maitland, Altamonte Springs, Ocoee, Winter Garden, Windermere and eventually Sanford, Lake Mary and Heathrow once the Wekiva Parkway Extension is completed
  • Directly adjacent to ecotourism destinations for birdwatching along the Lake Apopka Wildlife Drive and biking along the Florida Coast to Coast Connector
  • Forbes magazine ranked Orlando as the #1 City for Job Growth in 2014 and single family home prices have risen 11% since Q3 2014 due to increased demand

Executive Summary

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