Capital Investment Group Breaks Ground on Orlando Luxury Project
- Dec 20, 2018
Capital Investment Group Inc. has broken ground on Allure on the Parkway, a $60 million luxury apartment community in Orlando’s submarket of Lake Mary. Humphreys & Partners Architects is serving as the architect for this project.
Located on International Parkway, the property will offer 290 one- and two-bedroom units ranging from 650 to more than 1,400 square feet. Interior features will include stainless steel appliances, granite countertops, chrome fixtures, high efficiency washer/dryers, plank flooring, designer lighting and 9-foot ceiling heights. Residents will have access to a full amenity package including:
- 5,000-square-foot clubhouse
- fitness center
- yoga room
- conference room
- computer work stations
- pet grooming service
- golf simulator room
- resort-style pool
- waterfall and private cabanas
- outdoor kitchen with gas grills
- fireplaces and hammocks
- pet park
- attached structured parking garage
Allure on the Parkway will offer convenient access to Colonial Town Park, the Seminole Wekiva Bike Trail, Interstate 4 and State Route 417.
“We are very excited to be expanding our footprint into the fast-growing Orlando market and the Lake Mary area in particular,” Gregg Fusaro, regional development partner at Capital Investment Group Inc., told Multi-Housing News. “We believe that the development will respond to the needs of today’s renters who want to be close to work, shopping, dining, and recreational activities, while offering cutting edge amenities in contemporary and spacious apartment homes.”
Across the top 30 performing metros, Orlando has continued to pop up in the top five when it comes to rent growth. According to Yardi Matrix, the city produced a growth of 5.2 percent last month, claiming the fourth spot after Las Vegas, Phoenix and Atlanta. This is largely due to the influx of people moving to warm weather states, coupled with Orlando’s tourism and hospitality as its main economic drivers.
Rendering courtesy of Capital Investment Group Inc.