Lakeside Lofts

Capstone is pleased to present Lakeside Lofts: a 9.62-acre multifamily development site located just south of Downtown Orlando, FL. The current owner has amended the land use to Medium-High Density Residential, and with an in-place zoning of R-3, this allows for up to 266 multifamily units by right. Lakeside Lofts presents an ideal opportunity for a workforce housing development, leveraging its location to capture the $2+ PSF rents in the submarket, while also maintaining the potential to receive a 75% ad-valorem tax abatement via the new SB 102 legislation. The site also benefits from a location within the most accessible portion of Orlando, with a plethora of jobs in the immediate vicinity and 25-minute drive time to all major submarkets of the Orlando MSA. Lakeside Lofts demonstrates a rare opportunity to deliver new product in a home-run location situated within Florida’s hottest MSA.

Investment Highlights:

High Barriers to Entry
Strong Population Growth
Potential Tax Savings with SB 102
Access to Orlando’s Largest Demand Drivers
Minutes from the Heart Of Orlando’s Retail Corridor
Strategically Located Near Diverse Employment Centers
Phenomenal Accessibility to the Orlando MSA