Altís Grand Lake Willis Phase II is a 230-unit, multifamily rental community located in the heart of South Orlando, which will include 6 residential buildings with a stand-alone clubhouse.
Cabot Jaffee and James Mitchell with CBRE in Orlando will lead retail leasing efforts. Spaces ranging from 3,000 square feet up to 100,000 square feet will be available for occupancy beginning in Q4 2024.
The community, dubbed Legacy Daytona, will be situated across the street from Daytona Beach International Airport and Daytona International Speedway.
Newmark’s Executive Managing Director Scott Ramey, Senior Managing Director Ryan Moody, Vice Chairman Patrick Dufour, Directors Brad Downing and Andrew Visnick and Associate Paul Grant were the sole brokers involved in the sale transaction.
The firm has appointed Rafael Mendez, CCIM, to lead the new office expansion.
Newmark Multifamily Capital Markets Executive Managing Director Scott Ramey, Director Brad Downing, Vice Chairman Patrick Dufour, Associate Paul Grant, and Senior Managing Director Ryan Moody represented the seller in the transaction.
Cushman & Wakefield’s Glen Jaffee represented the seller and procured the buyer for the off-market transaction.
Situated within an opportunity zone, the project will be built in two phases, the first phase of which will include 300 multifamily units and more than 15,000 square feet of street-level retail space.
Chip Wooten and Jeff Gray of CBRE represented the sellers, Jim Heistand of Parkway Properties and Mark Walsh and Brett Bossung of Silverpeak, in the transaction.
In alignment with Avanath’s mission to acquire, own, renovate, and operate affordable and value-oriented communities, 131 of 266 units are designated affordable, with the property’s rent restrictions continuing until 2050.
CRE-sources, Inc. is committed to ensuring that individuals with disabilities can access all of the goods, services, facilities, privileges, advantages, and accommodations that we offer through our website.
If you are having trouble accessing the website, please call us at 954.290.3866 for assistance.
