Done Deals: Apartment Realty Advisors Retained to Broker Sale of One of the Most Significant Development Opportunities in Florida

Thursday, August 7, 2008

Apartment Realty Advisors Retained to Broker Sale of One of the Most Significant Development Opportunities in Florida

ORLANDO, FL— Baldwin Harbor, (top right photo) the Crown Jewel of Central Florida is a 10.9 acre waterfront site spanning New Broad Street at Lake Baldwin in the Baldwin Park area of Orlando, Florida.

The Winter Park office of Apartment Realty Advisors (ARA) has been awarded this exclusive listing.

Recognized by Urban Land Institute as one of America’s top communities, Baldwin Park has
also received Florida’s top sustainable community award, the Baldwin Harbor development site anchors the nationally-acclaimed, 1,100-acre Baldwin Park and is adjacent to both the 188+-acre Lake Baldwin and Baldwin Park Village Center’s upscale restaurants, shops and office space.

With an irreplaceable, upscale, high barrier-to-entry location, the parcel represents the most extraordinary lakefront multifamily site in Central Florida.

Kevin Judd,(top left photo) senior vice president and Marc deBaptiste, (middle right photo) principal, are representing the seller in the disposition of the land.

The project consists of two available sites, located directly on 188-acre Lake Baldwin, and nestled on either side of the thriving Village Center’s collection of upscale restaurants, shops and office space. The 10.9-acres can be developed with up to 560 multifamily units, and up to 60,000± square feet of retail.

“With its beautiful lake frontage, immediate proximity to restaurants and shopping and
prestigious Baldwin Park address, this site is undoubtedly the premier multifamily
development site in the region,” said Judd.

For more information please visit our website at www.arausa.com/BaldwinHarbor

To schedule an interview with an ARA executive regarding this transaction or for more information about Apartment Realty Advisors, please contact Kevin Judd at judd@ARAusa.com or phone 407-975-6540 x101.

Contacts:

Kevin Judd, Amy Holland or Lisa Robinson