(To read more on the multifamily market, click here.)

ORLANDO-The Townhome Division of the Cornerstone Group isplanning to begin construction within a month on Solaris atMetroWest. The 216-unit unit development will rise on a 10.8-acresite at 6007 Raleigh St.

When completed, the project will contain 18 two- and three-storybuildings, each of which will have 10 to 15 units of single-storyflats with direct-access garages and three-story townhomes. Theproject will feature four floor plans ranging in size from 1,080 sfto 1,644 sf. Prices for the units will range from $200,000s to$300,000s. Among unit amenities are balconies or terraces andattached garages. Building amenities will include a fitness centerand pool. Central Townhome Division of the Cornerstone Group vicepresident Mike Brinegar tells GlobeSt.com that the project has anestimated sell-out value of $60 million.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.