New Upscale Mixed-Use Apartment Development Coming to Downtown Winter Garden, Florida

WINTER GARDEN, FL – The City of Winter Garden has issued permits for construction of Tremaine Boyd, a new mixed-use development on the Southeast corner of Tremaine Street and South Boyd Street. The Tremaine Boyd building will include twenty-two new residences within the city’s core, adding to the extremely well loved downtown district. Central Florida’s most charming small city continues its rapid growth and revival with the groundbreaking of a three-tale, 26,300 square foot, mixed-use building that will include two floors of luxury apartments above the ground floor of commercial space. 

Conveniently located between the city’s iconic water tower and SOBO Art Gallery, the Tremaine Boyd exterior is designed to complement the historic architecture that exists throughout most of downtown Winter Garden, while the interior will boast a contemporary yet neo-traditional flare. All 22 of the building’s assortment of studio, one-bedroom, and two-bedroom apartments are spacious, and finished with urban-style amenities renters’ desire. The ground floor will feature more than 8,000 square feet suitable for restaurants (Pammies Sammies has already signed a lease), retail shops, and offices. Construction will commence this month with a targeted completion of Spring 2019.

The new commercial spaces are expected to increase foot traffic along S. Boyd Street, which will in turn improve walkability and help to boost the local economy. “You need people working and living in a downtown environment if you want it to be sustainable,” said City Manager, Mike Bollhoefer, who believes the addition of high-end apartments are vital for the long-term viability of the downtown area. 

Frank Starkey, President of People Places, LLC, one of three partners in the project, also believes the new development will further strengthen an already active downtown environment. “People are quickly figuring out that Winter Garden has one of Florida’s greatest downtowns,” said Starkey. “Tremaine Boyd makes a unique opportunity to live right in the middle of it, making the building a natural fit.”

J&J Building, Inc., another partner, has been building new homes in Winter Garden and Oakland Park for several years, and President Jim Costello believes he knows what has made it one of Central Florida’s fastest growing communities. “We recognize that people want a connection to a historic and vibrant downtown lifestyle. Tremaine Boyd will further the opportunity to make that connection by providing convenient downtown apartment living and adding to the expanding variety of restaurant and retail offerings,” said Costello. 

The Tremaine Boyd mixed-use development is a small walk to the vibrant city offerings such as the Winter Garden Farmers Market, Plant Street Market, Bent Can Brewery, Garden Theater, SOBO Art Gallery, the West Orange Trail, as well as well loved shops, restaurants and musical enclaves that line the cobblestone streets of nearby Plant Street. 

“Winter Garden has an authentic, walkable downtown that is rich in history and cultural vitality. The City’s leadership has done an outstanding job in preserving these qualities,” according to John Rinehart, third Tremaine Boyd partner. “We believe Tremaine Boyd will be a highly successful addition to an already thriving downtown.”

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Momentum Index Climbs for Planned Building Projects According to Latest Dodge Data Report

NEW YORK, NY – The Dodge Momentum Index went 6.1% higher in March, rising to 155.0 (2000=100) from the revised February reading of 146.0. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in plotting, which have been shown to lead construction spending for nonresidential buildings by a full year.

March’s gain was the result of a 9.6% increase in the commercial component – more than erasing the 5.1% decline it had seen the previous month. The gain in the institutional sector meanwhile was milder, moving 1.6% higher, following an 8.1% gain in February.

During the first nine months of 2017, the overall Momentum Index made small progress. But, plotting activity shot up in the fourth quarter, with that impetus continuing into the first three months of 2018. In the latest quarter the Momentum Index gained 5.1%. This may be a sign that planners are reacting in a positive fashion to the Tax Cuts and Jobs Act that President Trump signed at the end of December.

In March, six projects each with a value of $100 million or more entered plotting. For the commercial sector the leading projects were a $179 million government office in Ashburn VA and a $155 million warehouse in Riverside CA. The leading institutional projects were a $210 million outpatient medical center in Torrance CA and a $105 million new federal courthouse in Columbia SC.

Dodge Data & Analytics is North America’s leading provider of analytics and software-based workflow integration solutions for the construction industry. The company’s construction project information is the most comprehensive and verified in the industry.

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Jefferson Vista Canyon to Provide 480-Luxury Apartment Homes Near Downtown Los Angeles

SAN DIEGO, CA – Santa Clarita’s recent growth continues to surge, according to JPI, a leader in the development of Class A multifamily housing. To meet the impending shortage of luxury apartment homes, JPI is investing in its third property in the Santa Clarita Valley, Jefferson Vista Canyon. Part of a walkable master-plotted community by JSB Development, the 430,524-square-foot multifamily project will cater to the strong local demographics by providing top-of-the-line amenities and services.

Situated on 185 acres just 35 miles from downtown Los Angeles, Santa Clarita’s Vista Canyon is a mixed-use, transit-oriented community that will include retail, office, hospitality, park and recreational areas, apartments and single-family residences, along with a new intermodal transit station, which includes the Metrolink commuter rail at its center.

“We’ve done a tremendous amount of due diligence here, and with two other JPI communities in Santa Clarita, Jefferson at Town Center and Jefferson at South River, the addition of Jefferson Vista Canyon reflects our confidence that the market will continue to perform well,” said Todd Bowden, senior vice president and managing development partner/JPI Western Region. “JSB’s vision in developing the Vista Canyon master plot fits perfectly with JPI’s core business objectives.” 

JPI’s Jefferson Vista Canyon community will provide 480 homes, including studio and one-, two- and three-bedroom layouts. The unique amenities will complement the sophistication of the city and incorporate features that are conducive to a live-work-play environment centered near key transit hubs.

“JPI brings a respected reputation for outstanding luxury apartment communities that deliver exceptional living experiences to residents,” said James S. Backer, president of JSB Development. “We believe they are a fantastic partner for Vista Canyon’s first residential community and will set a very high standard for continued excellence throughout the Vista Canyon community as it comes to life.” 

Designed by Architects Orange, based in Orange, California, Jefferson Vista Canyon is set to be complete by spring 2020.

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