Southerly at Orange City

Orange City, FL

Ventures Development Group, in a partnership with BCDC, has broken ground on a 298-unit garden-style, Class A multifamily community in Orange City, FL, a suburb north of Orlando.

Centrally positioned between Orlando and Daytona Beach, Orange City is particularly attractive due to its thriving healthcare industry, convenient local amenity base consisting of essential big box retailers and popular restaurant staples, and access to critical job centers throughout the Orlando area. AdventHealth Fish Memorial, Halifax Health | UF Health and the newly completed Amazon Fulfillment Center have fueled the local economy with significant investments in the area, causing a wave of over 700 new jobs and generating additional multi-family demand. Capitalizing upon Orange City’s robust economic and population growth, the Project is strategically positioned as a value-oriented product well-suited for the PMA’s strong workforce employment base, consisting of nearly 35,000 jobs within a 10-mile radius.

Situated on 13.84-acres the Project spans 298-units across ten (10) residential buildings, each rising three (3) stories, and one (1) clubhouse and amenity building. The Project’s 298 units are comprised of seven different floor plans including ranging from one-bedroom to three-bedroom options. Amenities will include a clubhouse and lounge, fitness and yoga center, pool, open space and nature trails.

Location

Orange City, FL

Team

Co-Sponsors: BCDC / Ventures Development Group
Lender: Cadence Bank
Preferred Equity: Blue Rock Residential Growth REIT
Architect: Humphrey’s & Associates
General Contractor: Flournoy Construction Group

Project Type

Class A Multifamily

Status

Under Construction

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