FCP, Crescent Communities Partner on Florida Development
First units are scheduled to be ready by fall 2023.
FCP and Crescent Communities have partnered for the second time this year, now working on a Class A community in Laurel, Fla. The two firms formed a joint venture to develop Render Legacy Trail, which is expected to start construction in May and deliver its first units in fall 2023, Ricky De Camps, director of development for Florida at Crescent Communities, told Multi-Housing News.
The joint venture tapped Kaufman Lynn to oversee the project’s construction, while Dwell Design Studio will lead the architectural efforts. The project team also includes civil engineer Kimley-Horn, landscape architect LandDesign, and engineering firms EM Structural and Jordan & Skala Engineers.
Render Legacy Trail will total 450 units in one-, two- and three-bedroom units ranging from 720 to 1,400 square feet, De Camps told MHN. The units will be built with entryway mudrooms with storage, home office workspaces and enhanced closet systems. Render Legacy Trail’s amenities will include a lobby and leasing area, fitness center, self-service package area and multipurpose rooms that can be used as coworking lounges.
Located at 15560 Render Way, the community will be part of a mixed-use development with other communities and retail space. Tim Graff, managing director of Florida for Crescent Communities, said in prepared remarks that the master-planned community will also include Harmon Legacy Trail, a community that Crescent Communities is working on with Pretium.
From Arizona to Florida
Bruce Gago, head of FCP’s Florida office, said in prepared remarks that the Sarasota market saw strong job growth and continued substantial in-migration that grew during the pandemic. Gago added in his prepared statement that the units from Render Legacy Trail would help to address the significant housing shortage Sarasota County is seeing.
Earlier this year, FCP partnered with Crescent Communities and investment firm Creation for a mixed-use community in Gilbert, Ariz. The joint venture between the three firms recently received some approvals for the project, which will have an office building, a 100-key hotel, a 288-unit community and approximately 36,000 square feet of retail space.