Altamonte Springs-based real estate company ContraVest just submitted plans for a new apartment community along Binion Road in Apopka.
The company is seeking to build another one of its Addison-branded multifamily communities, according to a site plan application recently submitted to the city’s Development Review Committee.
Plans call for a 262-unit mid-rise apartment complex on about 17 acres at 2828 Hooper Farms Road.
ContraVest is under contract to purchase the property from its current owner: the Nadena Watson Hooper Revocable Trust. Records show the Hooper family has owned and operated the property as a nursery for roughly 20 years.
Prior to the most current ownership, Hooper’s Landscape Nursery Inc. was the site of an Orange Grove, like many of the surrounding properties that are quickly being converted into new residential and commercial developments.
Dubbed Addison Farms, conceptual plans for the project show the proposed community is made up of multiple three-story apartment buildings that will feature a mix of one-, two- and three-bedroom units.
Amenities include a community pool and amenity area, dog park and resident garages. Engineer plans show access to the site will be provided via an access driveway along Hooper Farms Road and an access driveway along South Binion Road.
Kimley-Horn is the civil engineer. Charlan Brock Architects is the architect and designer.
ContraVest hopes to build out the community by 2023, according to application documents.
Representatives at ContraVest were not immediately available to comment.
Addison Farms joins a long list of developments that are under construction, recently completed or proposed in the surrounding area.
Not long ago, Wood Partners opened its 285-unit Alta East Shore apartment community on the southeast corner of Binion Road and Harmon Road.
Immediately north of Alta East Shore, Washington, D.C.-based Republic Family of Companies is planning a 180-unit multifamily project called Harmon on the Lake at 1951 S. Binion Road. And immediately north of that site, Columbus, Georgia-based Flournoy Partners is planning to build a 285-unit multifamily community called Apex Apopka on about 19 acres at 1505 and 1821 S. Binion Road.
South of the proposed Addison Farms project, M/I Homes recently sold out its Vistas at Waters Edge single-family home development. The subdivision features 143 home lots.
Nearby, Sunrise-based real estate investment company Centerline Capital Advisors is assembling about 367 acres of land with plans for a large mixed-use community, called The Ridge, that can accommodate 1.5 million square feet of industrial space, up to 278 multifamily units and up to 643 single-family or townhome dwelling units.
Further east, Ohio-based NM Residential has plans to build a 264-unit multifamily community called Summer House, south of Ocoee Apopka Road.
ContraVest is an active developer in Central Florida. The firm recently completed the 277-unit Addison Longwood apartments in Seminole County and the 266-unit Addison on Lake Bryan community, which sits in close proximity to the Disney parks and attractions.
The Seminole County project marked the first time ContraVest utilized a software program called Revit, which allows the architect to create 3D designs needed for BIM (building integrated model) construction, as reported by GrowthSpotter.
Meanwhile, it’s also pursuing plans to develop a 266-unit multifamily community nearby called The Hartley, next to Longwood’s former greyhound racing track located between South Ronald Reagan Boulevard and U.S. Highway 17-92.
