McCann Realty Breaks Ground on Second Phase of Florida Garden-Style Community

McCann Realty Partners LLC has started construction on the second phase of the Vista at Lost Lake Apartments in Clermont, Fla., which will include adding 192 units

Clermont, Fla.—McCann Realty Partners LLC has started construction on the second phase of the Vista at Lost Lake Apartments in Clermont, Fla., which will include adding 192 units.

Vista at Lost Lake Apartments, a garden-style community, was originally built in 2007, and the first phase included 276 units. Once completed, Pegasus Residential LLC will manage the 468 units total. Wells Fargo Bank funded the construction load.

The units, which include one-, two- and three-bedroom floor plans, feature 9-foot ceilings, alarm systems, washers and dryers, garbage disposals and private solariums or balconies. Amenities for the community include a fitness center, swimming pool, cyber café, car care center, indoor basketball court and off-leash pet park.

“We entered the greater Orlando market in May 2012 with the purchase of Vista at Lost Lake Apartments and believe this second phase will enhance our ability to offer exceptional apartment living in Clermont,” Matthew T. Akin, president, McCann, says. “We believe rents will continue to grow for the next several years and are actively looking to add more assets in Orlando. We really like the demographics, the location adjacent to retail and the close proximity to highly rated schools.”

Phase II is expected to be completed by the end of this year, and will begin to lease the apartment in September 2013.