Maitland mixed-use project includes Related rentals

The Miami-based company will build 350 units, a mix of apartments and townhomes

Jan.January 17, 2016 05:00 PM

Jorge Perez’s Miami-based Related Group will build the residential component of a 96-acre mixed-use development in the Orlando suburb of Maitland.

Related Development LLC , an arm of  Related Group, will build a 350-unit residential rental community in Maitland comprised of apartments and townhomes.

It will be part of a $60 million mixed-use development on land owned by Battaglia Group Management LLC, based in Winter Park.

The commercial component of the Maitland project will be a 130,000-square-foot, specialty grocery store-anchored shopping center built by Pelloni Development Corp., based in Lake Mary

A Related Group entity called Related Development LLC will build a 350-unit residential rental community in Maitland comprised apartments and townhomes.

The mixed-use development on Maitland Boulevard may benefit the owner of the nearby Maitland Center office building, which has lost many tenants to offices in Lake Mary and other Orlando suburbs.

Damien Madsen, principal of real estate brokerage Taylor & Mathis of Florida, told the Orlando Business Journal, “For the longest time, it’s been the older business park in the Orlando area and I think with all this new development, it will create a new energy.”  [Orlando Business Journal] — Mike Seemuth

Related Articles

Backstage with Grant Cardone

Backstage with Grant Cardone

From left: Stuart Elliott, Jerome Hollo, Michael Shvo, Laurent Morali and Lissette Calderon

South Florida developers riff on the shift from condos to rentals: TRD Miami Showcase & Forum

Daily Digest Miami

54-story Turnberry Ocean Club tops off, Flagler streetscape project to break ground: Daily digest

The Mile, Robert Given and Troy Ballard

Greystar looks to sell luxury rental building The Mile near Coral Gables

From left: Jon Paul Perez, Alex Karakhanian, Tony Arellano and Devlin Marinoff over the site (Credit: Google Maps)

Related Group, Alex Karakhanian and partners drop $32M on Wynwood site

Grant Cardone and 10X Living at Sawgrass

Motivational speaker Grant Cardone raises $50M for multifamily fund via crowdfunding

Rent reform is propelling a new wave of New York and California investors to Miami (Credit: iStock)

Rent reform in New York, California propels new wave of multifamily investors to Miami

Jon Paul Pérez, Jorge Pérez and the downtown Miami skyline (Credit: iStock)

Miami’s biggest condo developer is going micro