Thursday, March 14, 2019

Lakefront Land Near Baldwin Park in Orlando, FL is Prime for a New Downtown Area Infill Project

Sandy Thompson
ORLANDO --- Lakefront property off Bumby Avenue in Orlando is now being marketed to buyers, five adjoining parcels with potential as a valuable urban infill project, by Stirling International Real Estate. 

 Stirling Broker of Record Roger Soderstrom Jr. said he anticipates significant interest in the property in part because of the rising scarcity of infill sites near downtown Orlando .

Roger Soderstrom Jr.

The five parcels are individually owned but Stirling, based in Orlando ’s Thornton Park , is marketing them as a prime lakefront package deal with the option of individual parcel sales.

All are oversized lots with up to 100 feet of frontage along Lake Druid , in Audubon Park . The property is just southwest of Orlando ’s upscale Baldwin Park new urbanist community.

Stirling International agent Sandy Thompson is handling the exclusive marketing arrangement for the project. No firm sales price has been established as offers are being entertained from a range of potential buyers, including national builders and small developers as well as investors.

Skyline night view of Baldwin Park village, Orlando, FL
  “Builders could create some really nice plans for this,” Soderstrom said.
Infill projects are a favored tool of urban planners to foster wise land use in downtown areas where demand is strong and utilities and public services are available.  

Bumby Avenue is a historic north- south street that bisects downtown Orlando , just east of Orange Avenue . The street was named for a pioneering Orlando family dating back to the 1800s.


Sandy Thompson, Stirling International Real Estate,

Roger Soderstrom, Jr., Broker of Record, Stirling International Real Estate, 

Beth Payan, Larry Vershel Communications
407-644-4142 .  

HFF Closes $92.5 Million Sale of Fifty Twenty-Five Student Housing Project Near San Diego State University, San Diego, CA

                                                                                                    Photo by Adrian Tiemens
Fifty Twenty-Five Student Housing Project, San Diego, CA

SAN DIEGO, CA  -– HFF announces it has closed the $92.5 million sale of Fifty Twenty-Five, a 260-unit/942-bed, Class A luxury student housing community serving San Diego State University.

Sean Deasy
HFF marketed the asset exclusively on behalf of FPA Multifamily, LLC, and procured the buyer, Denver-based Cardinal Group Investments, LLC.

Completed in 2010, Fifty Twenty-Five is a LEED Gold-certified property offering a mix of studio, two- and four-bedroom floor plans averaging 951 square feet with amenities, including flat-screen televisions, high-speed internet, modern furnishings, full-size washers and dryers, walk-in closets and fully-equipped kitchens. 

 The community also features a resort-style swimming pool, 24-hour fitness center, study rooms, 24-hour computer center, coffee bar, tanning bed, shuttle service and 598-space parking garage.  The property is situated less than one mile from campus at 5025 Collwood Boulevard.

The HFF team included senior managing director Sean Deasy, senior director Hunter Combs and director Scott Clifton.

Hunter Combs
“The institutional quality of this asset coupled with strong market fundamentals and exceptional enrollment growth at SDSU led to robust activity on Fifty Twenty-Five,” Combs said. 

 “SDSU currently receives more than 98,000 undergraduate and graduate applications per year and represents the third largest university in California, which creates a sustained demand for housing of this caliber.  

"The property’s amenity package is student-tailored and will continue to command top-tier rents in the marketplace.

Holliday GP Corp. (“HFF”) is a real estate broker licensed with the California Department of Real Estate, License Number 01385740.

About FPA Multifamily, LLC

FPA Multifamily, LLC is a private equity real estate firm focused on the acquisition, renovation and management of both core plus and workforce housing apartment communities. 

Scott Clifton
 Founded in 1985, FPA has owned over 110,000 apartment units valued at over $12 billion. 

 FPA is currently investing through its value-add focused FPA Apartment Opportunity Fund VI, which will acquire approximately $1.8 billion of assets, and its core plus focused FPA Core Plus Fund IV, which will acquire approximately $1.4 billion of assets.

  Headquartered in San Francisco, FPA also has offices in Irvine, Portland, Denver, Minneapolis, Dallas and Atlanta.  


CA Lic. #01771662
HFF Senior Director
(858) 812-2346

HFF Public Relations Specialist
(713) 852-3403