Universal Orlando unveiled this week the most detailed vision yet of the affordable housing project that it promised in December 2019 when it was seeking local tax money from Orange County to build a road to “Epic Universe,” a new theme park. Developers hope to build a neighborhood of 1,000 apartments in architecturally diverse buildings around parks and paths on 20 acres of vacant land .
Universal Orlando revealed the most detailed vision yet of the affordable housing project that it promised back when it was seeking local tax money from Orange County to build a road to “Epic Universe,” a new theme park.
Universal Orlando Selects Affordable Housing Developer
April 13, 2021, 12:43 PM ·
The Universal Orlando Resort has selected Wendover Housing Partners to develop Universal s affordable housing project for the central Florida community.
Universal announced the project last year, saying it would donate 20 acres near International Drive for the project, which will include 1,000 high-quality apartments as well as 16,000 square-feet of retail space. Universal has transferred ownership of the land to a non-profit called Housing for Tomorrow, which will serve as master developer and provide the land to Wendover on a $10-a-year, 55-year lease to design, build and manage the community.
Seventeen developers submitted proposals for the project, with Universal selecting Wendover. Wendover will seek its own financing for the development, which will move forward with design help from Universal Creative. Housing for Tomorrow will set the guidelines for the project and the agreement requires a
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Universal Orlando picks developer for new affordable housing development
Construction expected to begin in late 2022
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New affordable housing community near the International Drive corridor (Universal Parks & Resorts)
ORLANDO, Fla. – Universal Parks and Resorts along with leaders in Orange County have now selected a developer to build and design a new 20-acre affordable housing community.
The new site will be located near the International Drive corridor, not far from the construction site of Universal’s fourth theme park, Epic Universe.
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The area has been identified as high priority by Orange County’s Housing for All Task Force.
Wendover Housing Partners, based in Altamonte Springs, will bring Universal’s vision for affordable housing to life on a 20-acre site.