Bainbridge Cos. Breaks Ground on Orlando Property
The company is funding the development through a $65.3 million construction loan from Pinnacle Financial Partners.
Bainbridge Cos. has broken ground on Bainbridge World Center, a 341-unit luxury community in Orlando, Fla. To fund the new development, the company has secured a $65.3 million construction loan originated by Pinnacle Financial Partners, Yardi Matrix data indicates.
Bainbridge World Center will encompass four garden-style buildings with one-, two- and three-bedroom units ranging between 841 and 1,473 square feet. Residents will have access to a swimming pool, clubhouse and fitness center, while apartment interiors will feature high-end quality finishes and amenities.
Bainbridge’s President of Development Bob Thollander said in prepared remarks that the community will feature a mix of modern sophistication with a luxury oasis environment.
The development site is located at 14051 International Drive, near Central Florida GreeneWay and Interstate 4, in proximity to several dining options and retail spaces. The property will provide easy access to multiple employment centers and entertainment venues, such as Walt Disney World, Disney Springs, Seaworld Orlando and Disney Typhoon Lagoon Water Park. Health-care facility AdventHealth Celebration is within 5.5 miles from the site.
In a joint venture with Virtus Real Estate Capital, Bainbridge Cos. has recently acquired a 344-unit luxury multifamily community in Cary, N.C. The property last traded in 2019 for $70.5 million.