Development would add townhomes on Cady Way Trail
A trio of real estate brokers is seeking to annex a 1.64-acre commercial site just outside Baldwin Park and rezone it to build new townhomes overlooking the popular Cady Way Trail.
The joint venture, led by Baldwin Park Realty owner Brian Cirillo, purchased the site at the corner of Lake Baldwin Lane and Roushe Avenue in April for $870,000. The other partners are Mary Ashy with Elite Land Solutions and Patriot Real Estate Group managing partner Bill Diffenderfer.
Cirillo told GrowthSpotter he had been eying the site for several years before joining with the partners to make an offer. It was home to a pest control company since 1973, but the investors saw it as an ideal infill site for a townhouse community that would offer a better transition between the office park to the north and the residential neighborhood to the south. They are proposing to build 25 rear-entry townhomes with on-street parking along Roushe Avenue.
The would have two or three bedrooms and come in two lot sizes; the 16-foot unit would have either a 1-car or tandem-style garage, while the larger 27.5-foot width would have a standard two-car garage. The final design and floorplans will be determined by the selected builder, Cirillo said. The site plan calls for 40 parking spaces within individual units and 16 spaces on Roush Avenue.
The site calls for a continuous landscape hedge along the north property line with a residents’ gate directly onto the Cady Way Trail, the 7.2-mile trail that links Orlando to Winter Park and connects to the Cross Seminole Trail.
“That’s a feature we hope to have the residents enjoy,” Cirillo said. “We’re still in very preliminary discussions, but the hope is to make it as accessible as possible.”
The case is tentatively scheduled to go before the Orlando Municipal Planning Board on Dec. 20.
Project proposed near Lake Nona
A Coral Gables developer wants to build new townhomes on a 9-acre site in Orange County just south of Lake Nona Boulevard.
Element One LLC, is under contract to take over the land and build out the project, according to the company’s managing partner Carlos Cacciamani.
Caroline Marsan with Terravest Global Engineering Services submitted an application to the county on Nov. 11 seeking to change the land use from rural residential to allow an 88-unit townhome community with a pool and cabana.
The development team has previously handled ground-up housing projects in the South Florida region under the name Urban Development. This would be the company’s first foray into the Orlando market, Cacciamani told GrowthSpotter.
“This location is very good,” Cacciamani said, adding that his company has been eyeing the property for the past six months. “It’s in the Lake Nona area, it’s very accessible and there’s a hospital close by.”
Cacciamani said the townhomes would be two stories and range in size from 1,800 square feet to 2,200 square feet. He does not yet know the price range for the units.
Lake Nona, just southeast of the Orlando International Airport, is the top-selling residential community in Orange County, adding 685 rooftops in 2021. Last year the community ended the year ranked 18th among the fastest-growing master-planned communities in the nation, according to RCLCO. In 2021, the area got another economic boost with the arrival of the UCF Lake Nona Hospital. The property eyed by Cacciamani sits on the outskirts of Lake Nona, just west of Boggy Creek Road, where a number of large-scale mixed-use development projects are in the pipeline with a promise to bring thousands of residences.
This is a sampling of stories from GrowthSpotter, a premium subscription service from the Orlando Sentinel that focuses on the early stages of real estate development. To subscribe, go to GrowthSpotter.com