Leasing & Marketing: Del American
Contractor: Winter Park Construction
Property Management: Del American
Construction Lender: Florida Housing Finance Agency
Total Investment: $23,500,000
The Grand Reserve at Maitland Park is located off Pembrook Dr. at 1939 Grand Isle Cir in Maitland, Florida. Del American and LeCesse Co developed the property using tax exempt bonds and tax credits requiring 80% of the apartments to be designated for residents earning less than 80 % of the median income in Orange County. The community, developed near Maitland Center, covered 22 acres and was built in 2 and 3 story garden style breeze way buildings. The property featured 6 floor plans, 1 to 4 bedrooms, ranging from 765 sf to 1550 sf. Amenities include a 5000 sf club house, fitness center, 2 pools and detached garages.