Construction of Parkway Crossings, a Class A multifamily community with 309 units in Kissimmee, Florida, has begun. Fore Property Co secured financing for the development of the multifamily community on Osceola Parkway, which was provided by PCCP to the tune of $67.8 million.
The six-acre Parkway Crossings development site is located near the intersection of Orange Avenue and Osceola Parkway, approximately 20 miles south of downtown Orlando. The property’s location makes it easily accessible throughout the region via the Florida Turnpike and Osceola Parkway. It is also near major employers such as Disney, the U.S Tennis Association, KMPG, and the University of Central Florida.
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Development Plans for Parkway Crossings Community
Parkway Crossings is a four-story community with elevators. It offers one, two, and three-bedroom apartments with an average size of 939 square feet. The property features premium amenities, such as a tenant clubhouse, 24-hour fitness center, an outdoor BBQ area, a pool and lounge area, dog park, EV charging stations, and a 570-space parking garage.
The interior of Parkway Crossings is designed to meet LEED Silver standards. The apartments will feature quartz countertops, tile backsplashes, and luxury vinyl plank flooring. Additionally, all units will have Energy Star stainless steel appliances, in-unit washer/dryers, and a smart home package. The development is expected to be completed by 2025.
Andrew Barbakoff, PCCP’s VP, described Parkway Crossings as an exciting new apartment project located within the high-growth Orlando MSA. Barbakoff also expressed his company’s pleasure in serving an existing client, Fore Property Company.
According to Fore Property, Parkway Crossings is not the first project they have undertaken with PCCP. In addition to Parkway Crossings, they worked together at Alibi at Lake Lilly, a 410-unit garden-style community located near Orlando. Both companies formed a joint venture in January 2022 to build the multifamily community on a 16.7-acre site. Upon completion, the property will have five four-story multifamily buildings and seven carriage-style/townhome unit buildings.
Closing Statement:
FAQ:
Q: What is Parkway Crossings?
A: Parkway Crossings is a new Class A multifamily community with 309 units under construction in Kissimmee, Florida.
Q: Who is the developer of Parkway Crossings?
A: Fore Property Co is the developer of Parkway Crossings.
Q: Who provided financing for the development of Parkway Crossings?
A: PCCP provided $67.8 million in financing for the development of Parkway Crossings.
Q: What amenities are available at Parkway Crossings?
A: Parkway Crossings offers a tenant clubhouse, 24-hour fitness center, outdoor BBQ area, pool and lounge area, dog park, EV charging stations, and a 570-space parking garage.
Q: What is the expected completion date for Parkway Crossings?
A: Parkway Crossings is expected to be completed by 2025.
