Cushman & Wakefield Vice Chairs Mike Donaldson and Nick Meoli and Managing Director Greg Rainey represented the seller in its transaction.
The new team additions bolster Cushman & Wakefield’s capabilities in Florida’s burgeoning Space Coast and Treasure Coast regions.
The project would allow for up to 772 residential units, commercial development could total up to 826,224 square feet, and industrial uses could reach as much as 800,000 square feet.
He brings a wealth of expertise, most recently serving as Managing Director of JLL’s Retail Advisory group where he focused on the Central, Southwest and North Florida markets.
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Duane Anderson, who will work out of the Orlando office, will specialize in multifamily investment sales and advise clients on the acquisition and disposition of multifamily assets in the Central Florida region.
Built in 1974, the multifamily community is located at 1715 Northeast 36th Ave. on a 5.3-acre site comprising eight two-story buildings.
The new multifamily community will be developed on a 12.7-acre infill parcel adjacent to Altamonte Springs City Hall and across from the SunRail commuter station.
The deal was led by Robby Barrows, Senior Vice President of Commercial Banking, in collaboration with David Druey, Florida Regional President at Centennial Bank.
Knightvest plans to renovate the majority of the 332 units and make substantial upgrades to the community’s amenities and common spaces.