Canyon Partners Invests $30M in Orlando OZ Project
- Jan 22, 2020
Canyon Partners Real Estate and Fore Property have teamed up for the development of 19 South, a 384-unit multifamily project in Kissimmee, Fla. Canyon invested $29.8 million of equity in the opportunity-zone project slated for completion in May 2022.
Located at 3050 Station Square, the four-building community will encompass studios and one- to three-bedroom floorplans ranging in size from 670 to 1,437 square feet. Amenities are to include keyless Bluetooth entry throughout the property, two pools, a coworking space and a lakeside fitness track.
The 21-acre development site is between downtown Kissimmee, the Lake Nona Medical District, Walt Disney World Resort and Orlando International Airport. 19 South will neighbor Osceola Parkway and the SunRail station, offering easy access to Orlando Health ER and Tupperware’s corporate headquarters.
Over the past five years, Canyon Partners has invested more than $900 million in debt and equity in multifamily projects across the U.S. In April, the company teamed up with Northstar Commercial Partners and Milender White for the development of a 5.6-acre mixed-use project in Aurora, Colo.