ORLANDO, FL - National multifamily developer Wood Partners announced the start of construction on The Edgewater, a 328-unit, Class-A multifamily development overlooking Lake Fairview in Orlando, Florida. Wood Partners closed on the property in August. The community is part of the company's attainable housing initiative, offering upscale living at cost-effective rates.
"With its lake frontage, adjacency to community parks and convenience to some of Greater Orlando's leading employment hubs, shopping and dining destinations, this location is certain to appeal to a broad range of renters seeking a high-quality, attainable housing option," said Bryan Borland, Executive Managing Director at Wood Partners. "Capitalizing on this dynamic, lakefront location, we've envisioned a community that exemplifies our commitment to Improving People's Lives by Creating Better Communities."
The Edgewater will feature a mix of one-, two-, and three-bedroom units, with 56 of the 328 units directly facing the water. Wood Partners' attainable communities are built with upscale finishes, such as granite countertops, stainless steel appliances and top-of-the-line amenities. The developer saves on costs by selecting well-located suburban sites rather than more expensive urban locations, executing an efficient and consistent design. These savings allow for a lower price point for the renter.
Sandwiched between Winter Park and College Park, residents at The Edgewater will enjoy an abundance of retail, restaurant and entertainment offerings nearby. This includes the retail and dining destinations at Winter Park Village, which recently underwent a $50 million redevelopment, the dining hotspot Edgewater Drive and the charming boutique retail and award-winning restaurants of Downtown Winter Park. The Packing District, a 202-acre mixed-use development, is eight minutes away and boasts recent openings of a brand-new Publix and The Great Southern Box Food Hall, with a microbrewery and additional vendors coming soon.
The Edgewater is located along Lee Road, connecting to Interstate 4 to the east, placing Downtown Orlando just 15 minutes away. The community also connects to the Orange Blossom Trail to the west, offering proximity to The Packing District and Apopka. This location allows for easy access to many of the metro's most prominent employment hubs within 10 minutes, including the Maitland Center, Winter Park and West Colonial submarkets.