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Middleburg Communities has plans of building its Avalon Park development which will include two residential communities in Wesley Chapel, Florida. Recently, the developer closed on two parcels of land totaling 49 acres adjacent to Friendly Way located off of FL-54. The project will feature a multifamily Mosby Avalon Park and a build to rent(BRT) Hamlet Avalon Park residential development. Middleburg has marked the Avalon Park development as its fifth and largest acquisition in Florida during the past year. According to Middleburg, they secured a $47.5 million loan from Synovus Bank and paid $14.7 million for both parcels. Therefore, the company said it’s grateful to Synovus Bank and other investment partners for having confidence in their ability to execute. Design plans for the Avalon Park development Construction on the Mosby Avalon Park development will commence immediately, while Hamlet Avalon Park will be for a future phase. Upon completion, Mosby Avalon will be a 338 unit traditional apartment community featuring one, two and three bedroom units. The apartments will be spread across four-story elevator-served buildings furnished with quartz countertops and luxury vinyl plank flooring. Additionally, the property also offers facilities such as a resort style pool, gym, dog park, and pet spa. The Hamlet Avalon Park will be built in a future phase as a 260 unit BRT community. It will consist of single-family homes, duplexes and townhomes, which will come with private entries, patios, and yard space. In addition, the property will offer attached garages in select units and luxurious interior designs. Residents will have access to a resort style pool, gym, dog park, and pet spa. The Avalon Park development will be built within a 1,600-acre Avalon Park Wesley Chapel master-planned community. Presently, the 1,600-acre community accommodates up to 4,800 units and 500,000 square feet of retail and commercial space. It’s location is also in close proximity to interstates 75 and 275, offering residents easy access to downtown Tampa. |
