ORLANDO, Fla. – Work is beginning on a community that’s designed to address Central Florida’s affordable housing crisis.
During a ceremony on Tuesday, officials broke ground at the future site of 52 at Park Apartments.
The 300-unit complex is being constructed along W. Colonial Drive, west of John Young Parkway.
“Affordable housing is our biggest need here in Central Florida,” Mayor Buddy Dyer said. “We need housing at every level. We’re in a housing deficit, but especially at the lower ends of the scale.”
52 at Park Apartments is being developed by Lincoln Avenue Communities for $118 million.
Project Partner Jordan Richter said the complex will bring a vibrant and modern living experience with a mix of two four-story buildings and six three-story buildings.
“We have a beautiful clubhouse that overlooks a pool with a playground and green space surrounding the pool,” Richter said. “We wanted to feel just like a new market-rate community would.”
Housing in 52 at Park is reserved for families who earn no more than 60% of the Area Median Income.
“A single-person household can make about $40,000 a year and qualify under the program,” Richter said. “A four-person household is in that upper $50,000 range.”
The price range for apartments will be around $900 a month for a one-bedroom unit and up to $1,400 a month for a four-bedroom unit, according to Lincoln Avenue Communities.
The developer said a solar array will also be built on property to help offset the cost of electricity.
“We hope that’s going to really mean residents have zero to a very minimal electricity bill every month,” Richter said.
The first units at 52 at Park are expected to be completed in summer 2025.
For further details about the developer, visit https://www.lincolnavenue.com/
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