The Altman Companies, a nationally recognized developer, builder and manager of exceptional rental apartment communities, announced today that it has secured an investment from institutional investors advised by J.P. Morgan Global Alternatives in Altis Grand at Lake Willis in Orlando, and broken ground on the development. Newmark Group, led by Vice Chairman Patrick Dufour acted as the exclusive advisor to arrange equity capital for Altis Grand at Lake Willis on behalf of The Altman Companies. The site located in the southern submarket of Orange County, just outside the Orlando city limits, will feature 329 upscale garden-style apartment homes set on 23.45-acres of land.
"We are excited to have J.P. Morgan as our partner on this community and to begin the construction process,” said Joel Altman, Chairman & CEO of The Altman Companies. “For over 53 years, The Altman Companies has developed a portfolio of rental communities that have redefined the Exceptional Living Experience in Florida and across the country and we are very proud to begin developing this upscale, environmentally friendly community.”
Altís Grand at Lake Willis redefines the highest living standards through its unparalleled way of bringing residents an “Exceptional Living Experience.” Residents will enjoy exclusive membership to The Club within the community with direct access to a 24/7 fitness center complete with a yoga, spinning & aerobics studio; a Starbucks cybercafe with entree to workspace lounges & a private conference room and a game room with virtual reality and game simulator. An additional roster of exclusive amenities at The Club will also include a resort-style heated pool, complete with a spa, cabanas, and an extensive pool-pavilion, which will be the perfect place to unwind and soak up the sun, and a wellness treatment room and a sauna, which will offer residents the perfect spot to relax and recharge.
Altís Grand at Lake Willis will offer exceptionally appointed one-, two-, and three-bedroom apartment homes available with private entry options in the Altis product, and air-conditioned interior halls, with elevator-access within the Ariya buildings. Most all 329 apartment homes will be available with a balcony or a patio option. Interior features in each home will include spa-inspired bathrooms equipped with dual sink vanities, a spacious soaking tub and clear glass shower enclosures. The spacious floorplan comes complete with quartz countertops, stainless steel and upgraded energy-efficient appliances.
Altís Grand at Lake Willis will be a pet-friendly community offering an indoor air-conditioned dog grooming spa where pets can indulge in. A multi-purpose trail and a pet park with gated, off-leash area will be available in the community to allow residents to bond and play with their pets. The community will also be equipped with a hobby/craft room and a 24/7 automated package and dry-cleaning pickup station for residents’ convenience.
Altís Grand at Lake Willis will be National Green Building Standard (NGBS) certified and its sustainable initiatives will include 100% energy efficient designer lighting, ENERGY STAR® refrigerator and dishwasher, a high efficiency water heater and sub-metered water and car charging stations.
Convenience and prime location are high priority within the development plan, allowing easy access in all directions to major employment centers, downtown Orlando, theme parks and the Orlando International Airport. Altís Grand at Lake Willis is adjacent to Vineland Pointe; a brand new, three-phase 450,000 retail shopping and entertainment center. Furthermore, the site is a five-minute walk from the Orlando Vineland Premium Outlets, which encompasses 657,000-square-feet of retail space, 160 stores with over 13 million annual visitors.
“This transaction and the groundbreaking mark another significant development for The Altman Companies as we develop another exceptional Altis community in Orlando,” added Seth Wise, co-CEO of The Altman Companies. “We are delighted to join with J.P. Morgan as our partner on this transaction, and to continue to deliver a new standard of luxury, exceptional services, and exclusive amenities to the Orlando area.”
Altís Grand at Lake Willis is set to have its first units delivered in late 2022. To learn more about Altís Lake Willis, please visit https://altmancos.com
