Orlando-area apartment project will target local workforce
Batson-Cook Development Company (BCDC), Red Clay Development Partners and Atlantic Residential have broken ground on Indigo at Champions Gate, a 300-unit garden apartment community in the Champions Gate submarket of Orlando, Fla.
The 17.8-acre property will feature ten three-story residential buildings that will provide workforce housing for renters drawn to the Kissimmee and Orlando area by the region's major employers and economic profile. With market-leading amenities, Indigo at Champions Gate will have a luxury clubhouse and lounge, a fitness center with bay doors that open to the resort-style pool and nature trails throughout.
“Champions Gate is the heart of Orlando’s tourist and commercial district, which means jobs and commerce,” said Litt Glover, President and CEO, BCDC. “There is tremendous demand for high-quality projects that can house the people who work in the area. We are thrilled to start Indigo at Champions Gate with our partners Red Clay and Atlantic Residential.”
With premium finishes and top amenities emphasizing quality and health & wellness, the units will have seven different floor plans and range in size from one-bedroom to three-bedroom with an average size of 1,035 square feet.
Indigo at Champions Gate will have an outdoor yoga and sport court area, an outdoor lounge with a gourmet grilling area and a business center with conference room. There will also be a children’s playground and a dog park and pet care center.
The project is 25 miles southwest of the Orlando Central Business District at the high-profile corner of Ronald Reagan Parkway and U.S. Highway 27. Champions Gate is anchored by 36 holes of championship golf designed by international golf champion Greg Norman.
“We are proud of our team’s extensive efforts assembling this site and are excited to bring a high-quality offering to the Champions Gate area,” said Jack Misiura, principal of Red Clay Development Partners.
Synovus Bank and Marble Capital are providing financing. Patterson Real Estate Advisory Group served as capital advisor. The project team includes general contractor FaverGray, architect Forum Architecture, civil engineer Kimley Horn and interior designer Design Environments.
The joint-venture partnership expects Indigo at Champions Gate to welcome residents in the fourth quarter of 2021.
About Batson-Cook Development Company
Founded in 1963, Batson-Cook Development Company (BCDC) is a wholly owned subsidiary of Kajima USA. It is a fully integrated real estate organization providing development and capital solutions, primarily through partnerships on commercial real estate projects in the Southeastern United States. Based in Atlanta, Georgia, BCDC offers a wide variety of real estate services from development and construction to equity and credit enhancements, to brokerage and property management. Learn more by visiting batsoncookdev.com.
About Red Clay Development Partners
Red Clay Development Partners is a multifamily development firm based in Atlanta. Founded in 2018, Red Clay has four primary goals: (i) identify unique opportunities that fit their investment criteria; (ii) create value for their clients that is consistent and increases over the life cycle of the asset; (iii) offer investment opportunities that drive revenue and outperform the market; and (iiii) partner with like-minded individuals that believe in creating a triple bottom line focused on people, purpose, and profits.
About Atlantic Residential
Atlantic Residential is a private commercial real estate firm based in Atlanta with regional offices in Chicago and Ft Lauderdale, Fla. It was formed by Richard & Andrew Aaronson in 1995 to develop residential and mixed-use projects. Since its inception, the firm has been responsible for the construction of $2.0 billion of institutional quality properties containing over 6,000 residential units. The firm is focused on developing luxury apartment communities and for-sale condominiums and townhouses. It has over 100 full-time employees engaged in property management, sales and leasing, construction, and development activities in the Southeast and the Midwest. Atlantic Residential pursues a dual strategy in housing development: (i) develop and manage a portfolio of luxury apartment communities under various proprietary brands and; (ii) provide superior entry-level townhomes and condominiums, many within larger mixed-use communities.
