Development Provides Fresh Start to Orlando, Fla., Neighborhood

A new mixed-income community helps uplift the West Lakes neighborhood.

2 MIN READ

Rion Rizzo / Creative Sources Photography

One of the worst apartment complexes in Orlando, Fla., has been replaced by a beautiful new 200-unit mixed-income community that will be the cornerstone in the redevelopment of the city’s West Lakes community.

The new Pendana at West Lakes sits on the site of the former Washington Shores apartments, which were built in the 1960s and at the time were among the only apartments with air conditioning available to African-Americans in the area. Over the years, the apartments fell into disrepair and foreclosure.

Amenities includes a 5,000-square-foot community building with management offices, a fitness center,  a computer center, an arts and crafts activity room, and laundry facilities. Outdoor amenities include a swimming pool, pond with a fountain, pocket parks, court yards,  and a playground.

Rion Rizzo / Creative Sources Photography

Amenities includes a 5,000-square-foot community building with management offices, a fitness center, a computer center, an arts and crafts activity room, and laundry facilities. Outdoor amenities include a swimming pool, pond with a fountain, pocket parks, court yards, and a playground.

Nonprofit LIFT Orlando purchased the property from the city and partnered with Columbia Residential to redevelop the site and transform the neighborhood.

Pendana at West Lakes, which is targeted to families, is the first phase of a Purpose Built Communities initiative undertaken by LIFT Orlando in this community. The partnership is also developing the 120-unit, all-affordable senior housing community adjacent to Pendana.

PROJECT DETAILS

Developers: Columbia Residential and LIFT Orlando
Architect: JHP Architecture / Urban Design
General Contractor: Winter Park Construction
Major Funders: SunTrust Community Capital; Valley National Bank; Seaside Bank; Florida Housing Finance Corp.; city of Orlando; Orange County Housing Finance Agency; Dr. Phillips Foundation; Orlando Housing Authority; LIFT Orlando

The substantial housing investment fits into LIFT Orlando’s comprehensive plan that provides access to exceptional educational, employment, health-care, and recreational opportunities for residents. Other elements under construction or breaking ground in the next 12 months include an early-childhood educational facility, a Boys & Girls Club, and a community health and wellness center, immediately adjacent to the Pendana site.

“The residents in the community who participated in design charettes and regular update meetings are excited with the final result,” says Eddy Moratin, LIFT Orlando president. “There is an important sense of pride in the history of West Lakes and the investment in beautiful affordable and mixed-income housing built into that while positively changing the landscape.”

Many residents at Pendana had lived in the distressed apartments before they were torn down.

The new community includes 10 units targeted to families earning up to 40% of the area median income (AMI) and 10 units targeted to the homeless population with accompanying project-based vouchers. An additional 140 units are rented at or below 60% of the AMI and 40 units are rented at market rents.

“Pendana was designed to meet the huge need for affordable housing and the community aspiration for economic diversity,” says Jim Grauley, president and COO of Columbia Residential.

The $36.4 million development was supported by public, private, and philanthropic financing.

About the Author

Donna Kimura

Donna Kimura is deputy editor of Affordable Housing Finance. She has covered the industry for more than 20 years. Before that, she worked at an Internet company and several daily newspapers. Connect with Donna at dkimura@questex.com or follow her @DKimura_AHF.

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