8 March, 2016 | ContraVest seeks subcontractors for new Windermere apts, new land for future
MARCH 8, 2016, 1:10 PM | UPDATED: MARCH 8, 2016 6:53 P
Altamonte Springs-based ContraVest will begin hiring subcontractors and craftsmen of all types for its 316-unit Addison at Windermere apartment community, a $32.6 million investment projected to break ground in July at the intersection of S.R. 535 and Fiquette Road, lead executives with the company said Tuesday.
It’s the next bid opportunity for vendors in what should be a busy year for ContraVest, a developer, builder and manager of market rate multi-family communities.
The project will occupy 15 acres of a 21-acre parcel southwest of the intersection, which lies directly south of the Cornerstone at Summerport Publix Shopping Center, and will have partial access through that center’s parking lot.
Now under contract, the parcel is currently owned by Clarcona Inc., an affiliate of local real estate owner and developer Lee Chira & Associates.
The Addison at Windermere is fully financed and nearly through its permitting process with Orange County, said Steve Ogier, president of ContraVest Builders and principal with the parent company. Final approval from Orange County Public Schools has delayed the project’s construction start from an original target in April.