3. Project cost of $52.27 million 451 unit Class A+ luxury apartment community Located across Conroy Road from the Mall at Millenia and less than one mile from the I-4/Conroy Road interchange in Orlando, Florida Property and clubhouse amenities include a resort pool and 9,000 square foot club with home theater, billiard room and fitness center Completed in 2003 and sold at a record price for the Orlando MSA to a condo-converter The project also experienced record lease-up for any project in Central Florida with an average monthly absorption of 57 units Lowder Construction built the project and was a joint-venture with ORIX Real Estate Equities The Tradition at Millenia
5. Project cost of $37 million 319 unit Class A luxury apartment community Located in east Orlando near the University of Central Florida, The Research Park and the Quadrangle Office Park Property and clubhouse amenities include a pool, fitness center, business center, media room and clubhouse Completed in 2005 and was built by ContraVest Project challenges included negotiations with Seminole County regarding rental restrictions prohibiting students Absorption rates exceeded 30 units per month during lease-up Tradition Alafaya
7. Project cost of $39.1 million 309 unit Class A luxury apartment community Located within the Millenia DRI in Orlando, Florida Property and clubhouse amenities include a resort pool and spa, expansive summer kitchen, fitness center, media room and theatre Completed in 2006 and constructed by BSPCSI The project was experiencing extraordinary absorption when it was sold prior to completion for a price exceeded only by a previous deal, Tradition at Millenia Heritage at Millenia
9. Project cost of $74 million 329 unit Class A+ luxury apartment community Located behind the Mall at Millenia in Orlando, Florida. Aqua was our first 4-story frame with attached parking structure Property amenities included extensive resort style clubhouse including lounge, fitness center, theatre, pool and spa and billiards room The challenges faced during development included the need to have club amenities available to residents 24/7 and the impact on security and leasing/management operations Completed in 2009 and constructed by BSPCSI Project challenges included linking the project across a city canal to the entrance to Mall at Millenia Aqua at Millenia