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Florida & Gulf Coast  + Apartments  |  October 12, 2020
David Cohen
By: David Cohen

MF Development Site in Orlando Trades for $8M

Berkadia has arranged the sale of a 10-acre multifamily development site near Disney’s resort and parks in Orlando. Madison Capital Group purchased the land, which is part of the WaterStar Orlando Town Center development site, for $8 million. The site is approved for up to 320 units of multifamily development.

The WaterStar Orlando site is the result of a land assemblage executed over a number of years. It is positioned directly across from the $750 million Margaritaville Resort Orlando in Orlando’s Disney Maingate Corridor and is nearby the main entrance of Disney World. When completed, WaterStar Orlando will encompass a variety of different uses including retail, restaurants and market-rate apartments.

Michael Weinberg, Brett Moss, Matt Wilcox and Alec Fox of Berkadia’s North and Central Florida offices, arranged the sale on behalf of the seller, Equinox Development. Madison Capital Group is a private investment and advisory firm that invests in real estate and private equity opportunities, with a primary focus in the self-storage and multifamily sector.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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