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

ORLANDO-Miami-based development partnership Beach Hill Development and Parkstone Properties are developing a 328-unit condominium conversion project called the Element at MetroWest.

The project, which was formerly known as Bristol Park Apartments, includes 19 garden-style buildings on 17.5 acres located across from Veranda Park in the MetroWest section of Orlando. Veranda Park is a mixed-use development under construction that will contain residential, retail and other uses. Julie Vega-Dominguez, vice president of sales for the Element, tells GlobeSt.com that developers bought the apartment complex $51.5 million. “The location is very attractive. It’s a key to this project,” she says.

The project will include five floor plans named after the property’s element theme–earth, wind, fire, air and metal. The one-, two-, and three-bedroom units will range in size from 661 sf to 1,400 sf and will sell for the mid-$100,000s to the low $300,000s. “We expect to have renovations of the common areas completed within the next 90 to 120 days,” Vega-Dominguez says.

Renovations of the units will be completed as they are purchased because owners will have the option of selecting upgrade packages such as crown moldings, kitchens with high-end cabinetry, granite countertops and tile flooring.

The project will be a gated community surrounded by a golf course designed by Robert Trent Jones, Sr. Other community amenities will include a 5,000-sf clubhouse, fitness center, tennis courts and swimming pool. “A new kind of Orlando lifestyle is now available at the Element–the vibe of hip, metropolitan cities like Miami and Los Angeles has finally come to Orange County,” Vega-Dominguez says. “Having Enzo Enea design the green spaces for the Element is a great addition to an already growing cultural community in Orlando.”

The architect on the project is Enzo Enea and the exclusive sales and marketing agent is Miami-based Fortune International. Other developments by Beach Hill Development and Parkstone Properties include the Waverly at South Beach in Miami Beach and the Madison at MetroWest in Orlando.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 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.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.