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Tampa developer pays $18.9M for the last multifamily site on Lake Whippoorwill

Tampa’s 2nd Wave Development paid top dollar for the last 25 acres of undeveloped land on the shore of Lake Whippoorwill, and the firm is designing an apartment community that will replicate a spa retreat experience for its tenants. 2nd Wave paid $18.985 million over five transactions for the six parcel assemblage on Narcoossee Road, […]

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Osceola’s Sunrise City draws its fifth luxury apartment community

Birmingham-based Arlington Properties is making its Orlando market entry as the fifth multifamily developer in the popular Sunrise City mixed-use community. The developer paid $6.32 million last week for 27 acres on the north side of Osceola Parkway, across the street from Oasis at Shingle Creek, and scored construction financing to the tune of $56 […]

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Tampa developer selects site on Lake Whippoorwill for second Orlando-area multifamily project

Tampa-based 2nd Wave Development has chosen a site on Narcoossee Road in Southeast Orlando for its next luxury apartment community. Alissa Sieben, development manager, told GrowthSpotter the firm is under contract to buy the 25-acre assemblage on Lake Whippoorwill, subject to the annexation and rezoning of the property. This follows the completion of and opening […]

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Tampa developer to break ground next week on $70M apartment complex

Tampa-based 2nd Wave Development is scheduled to break ground June 16 on a Prime Orlando, 340-unit luxury apartment community in Kissimmee’s Sunrise City development. The developer, a subsidiary of Sembler Investments, bought the 11-acre site late last year for $7.5 million and received approval from Osceola County for its Site Development Plan in the spring. […]

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Tampa developer to build $65M luxury apartments in Kissimmee’s Sunrise City

Tampa-based Sembler Investments has filed construction plans for a 340-unit apartment complex in the Sunrise City mixed-use district in Kissimmee’s tourism corridor. This would be the second multifamily community in Sunrise City, following the completion in 2018 of Integra’s Sunrise Parc. Sembler’s 2nd Wave Development purchased the 11-acre site last year from master developer, Intram […]