NAI Realvest Closes on 18 Acre Site – Buyer Intends to Develop for Apartments
ORLANDO – Kevin O’Connor and Matthew Cichocki, Principals at NAI Realvest, brokered a sale at 14544 Avalon Road, Winter Garden, Florida, on behalf of the seller, 18 Avalon Road, LLC. The buyer, The Registry at Grass Lake, LLC, intends to develop the property as new apartments. The 17.97 acre site sold for $3,030,000.
According to documents filed with Orange County, the developer, Brossier (www.brossier.com) has plans for up to 360 multi-family units in five-story buildings. The minimum size for a unit will be about 600 feet. The hearing for the Orange County Planning Board is tentatively scheduled for May 21, 2020.