Workforce Housing Project in New Port Richey Scheduled to Break Ground Q1 2026, Pending Final Approvals
Alexander Goshen, a Fort Lauderdale-based development firm, has announced a strategic partnership with an affiliate of national multifamily investor Avanti Residential to develop Walden Pond, a new mixed-income multifamily community in New Port Richey, Florida. The $30 million project is expected to break ground in the first quarter of 2026, pending final permitting and approvals from local authorities.
Situated on nearly nine acres just west of U.S. Highway 19, on the site of a former mobile home park, Walden Pond will bring 125 well-designed rental apartments to a growing region in need of quality housing. The community will offer a diverse mix of studio, one-, two-, and three-bedroom units, with a strong emphasis on environmental sustainability, resilience, and community connection.
“This project reflects a thoughtful approach to the future of housing in New Port Richey,” said Miles Alexander III, Founder and Principal of Alexander Goshen. “Our partnership with Avanti Residential brings additional expertise and long-term vision to the development. Together, we’re creating a resilient, vibrant community that aligns with the city’s evolving housing priorities.”
The project will include three four-story residential buildings with ground-level parking, incorporating flood-resilient design features informed by the historic October 2024 storm surge. Planned amenities include a dog park, pickleball court, children’s playground, and landscaped open spaces to foster walkability and neighborhood interaction.
Financed through HUD and other state and local sources, Walden Pond supports the growing demand for workforce housing in the Tampa Bay region and demonstrates the impact of strong public-private collaboration.
Avanti Residential, through its affiliated investment platform led by Christopher Martiner, brings a proven track record in affordable and workforce housing development utilizing LIHTC financing and innovative capital structuring.
