PCCP is pleased to announce it has provided $20 million of preferred equity to AMAC for the ground-up development of a Class A 380-unit multifamily community located in Kissimmee, Florida.
Situated on a 27.69-acre site, the garden-style multifamily community will be comprised of one-bedrooms (43.2%), two-bedrooms (46.8%), and three-bedrooms (10%) with an average unit size of 914 square feet. The property will consist of nine, three- and four-story buildings, of which 140 units will be elevator-served and 240 will be walk-up (all buildings will be open air breezeways). Interior unit finishes will feature luxury vinyl tile flooring, carpets in bedrooms and closets, quartz kitchen countertops, granite bathroom countertops, porcelain tiles in bathrooms, balconies in all units, Honeywell thermostats, and GE stainless steel, and Energy Star appliances throughout.
On-site amenities are planned to include a one-story, 7,000-sf clubhouse with an oversized gym, clubroom, offices, yoga room, pool area with lush landscaping throughout, pickle ball courts, EV charging stations, BBQs, and open lawn areas. The community will also provide 608 parking spaces with 55 reserved garage parking spots available for rent…