McLean, Va.–based Jefferson Apartment Group (JAG) has joined forces with Houston-based Camden Property Trust to co-develop the 520 East apartment complex, a $100 million project in downtown Orlando, Fla. The 12-story, 364-unit project is the sister property to JAG’s 420 East complex, a $45.5 million, 299-unit community completed last year.
The 520 East residences will feature high-end finishes such as custom-designed cabinetry, quartz countertops, wood flooring, and upgraded fixtures. Amenities include a resort-style swimming pool with sundeck, state-of-the-art fitness center, clubroom, outdoor lounge with multiple grill stations, and 24/7 concierge service. The project will be built and maintained to LEED Gold standards, according to the developers.
The 520 East property will also include an integrated, 630-space parking garage and just under 7,000 square feet of ground retail, including 12 retail/live/work studios. Six of these studios include a lower-level workspace and upstairs apartment.
The complex is located in the heart of Orlando’s Arts District, known for its art galleries and outdoor festivals. Residents will have easy access to dining options and entertainment and sports venues throughout the city.
“The new community will be an exciting development project that will meet the strong demand for housing with proximity to local jobs, recreation, and entertainment in the downtown Orlando market,” Mike Mulhall, a senior vice president and managing partner with JAG, said in a statement.