Leasing & Marketing: Del American
Contractor: Del American
Property Management: Del American
Construction Lender: 1st Nationwide Savings Bank
Total Investment: $20,500,000
Investor: 1st Nationwide Savings Bank
Heather Glen is located off University Blvd at 10801 Heather Ridge Circle East Orlando, Florida. Del American developed the property using tax exempt bonds and conventional financing which required 80% of the apts be designated for residents earning less than 80 % of the median income in Orange County. The community was developed on 24 acres and was built in 2 and 3 story garden style breeze way buildings. The property consists of 6 floor plans, 1 to 3 bedrooms, ranging from 615 sf to 1285 sf. Amenities include a club house, 2 pools and tennis courts.