OCOEE,
Fla., July 16, 2024 /PRNewswire/
-- Greystar, a global leader in the investment, development,
and management of real estate, announced that it has broken ground
on Crown Point Village in Ocoee,
FL, alongside its talented joint venture partner, Wire
Development. Crown Point Village, featuring Elan Crown Point, is an
exciting mixed-used community located approximately 15 minutes west
of Orlando's Central Business
District.
"We're excited that construction on Crown Point Village is
underway," Parker LeCorgne, Senior
Director, Development, Greystar, said. "This milestone is the
result of fantastic partnerships with Wire Development, the
City of Ocoee, Orange County, Duck Pond Realty, Santander, as
well as a world-class design team. Elan Crown Point is central to
the city's vision for establishing a town center ambiance."
The community embraces the 22-mile West Orange Trail, which runs
in the middle of Elan Crown Point. The trail, which averages over
150,000 users per month, provides seamless biking, skating,
running, horseback riding, canoeing, fishing and many additional
recreational opportunities. The community is close to nearby local
amenities including Disney World, Universal Studios, Forest Lake
Golf Club, Winter Garden Village, Plant Street Market, Sea World,
and Lake Apopka, to name a few.
"We are creating a modern, elevated living experience," LeCorgne
said. "There is an abundance of recreational opportunities for
residents interested in an active, outdoor lifestyle. The amenities
at Elan Crown Point will encourage social connectivity and
recreation with the combination of light wood tones and
sophisticated details, paired with organic and coastal
elements."
Elan Crown Point will feature 315 apartment residences with a
mix of one-, two- and three-bedrooms, inclusive of townhome
floorplans, and live-work apartments. The community will have an
integrated and thoughtfully designed clubhouse within one of the
elevator-serviced apartment buildings, ground-level commercial
space within multiple buildings, and a retail outparcel for a
compatible and community-oriented user.
The design team includes FK Architecture, Beasley & Henley
Interior Design, Harris Civil Engineers, Todd McCurdy Landscape
Architect, and more. The community expects to deliver its first
units in Fall 2025 with completion in 2026.
About Greystar
Greystar is a leading, fully
integrated global real estate company offering expertise in
property management, investment management, development, and
construction services in institutional-quality rental housing,
logistics, and life sciences sectors. Headquartered in Charleston, South Carolina, Greystar
manages and operates approximately $320 billion of real estate in 249 markets
globally with offices throughout North
America, Europe,
South America, and the
Asia-Pacific region.
Greystar is the largest operator of apartments in
the United States, manages more
than 966,700 units/beds globally, and has a robust institutional
investment management platform comprised of $78 billion of assets under management, including
over $36 billion of development
assets. Greystar was founded by Bob Faith in 1993 to become a provider of
world-class service in the rental residential real estate business.
To learn more, visit www.greystar.com.
About Wire Development
Wire is a boutique real
estate development firm founded in 2018 by Holly Collins-Garcia. After decades of leading
national institutional developments, she set out on a mission to
develop unique projects with a focus on positive community impact.
Today, the Wire team draws from vast experiences on over
30 projects across 9 states, including 6,500 multifamily
units, 250 hospitality rooms, and over 100,000 square feet of
retail. In both the development and management of institutional and
small-scale multifamily projects, the team strives to create
sustainable and innovative solutions to today's real estate
challenges. The leaders at Wire are thoughtful and collaborative
partners, creating lasting relationships with the people they work
with. To learn more, visit
www.wiredevco.com.
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SOURCE Greystar