Leasing begins for The Retreat at Windermere, a 332-unit luxury apartment community in Central Florida
TAMPA, FL (July 25, 2013) –DeBartolo Development, LLC announced today the grand opening of The Retreat at Windermere, a $40 million, 332-unit luxury multifamily community in the affluent Central Florida neighborhood of Windermere. Located two miles from Walt Disney World and seven miles from Universal Studios near Winter Garden Vineland Road and Ficquette Road, the apartment complex is the first phase of vertical construction for Summerport Village, a 196-acre mixed-use development that will include residential, retail and community areas.
“When we acquired Summerport Village, it had been financially distressed and vacant for years, which makes the grand opening of the multifamily phase of the development an integral milestone towards enhancing the Summerport Village community,” said Edward Kobel, President and Chief Operating Officer at DeBartolo Development. “The Retreat at Windermere will offer residents a luxury living experience in an exceptional location, near an abundance of employment, hospitality and recreational services and will help meet the market demand for a growing population of discerning renters.”
The class “A” resort-style themed community is being built in two phases. Phase I, which will be completed by the end of the summer, consists of 186 residences in 8 buildings and the clubhouse. The first building and clubhouse were delivered July 1. Phase II, which is expected to break ground immediately after the first phase is finished, will include an additional 148 units in 5 buildings and 8-live-work residences.
The Retreat at Windermere features well-appointed one-, two- and three-bedroom technology enhanced residences, many with waterfront views and balconies, ranging in size from approximately 650 to 1,400 square feet. Each apartment will have 9-foot ceilings with, a chef-inspired kitchen, designed light fixtures, ceiling fans, full-sized washer and dryer and large soaker tub. First class amenities include a luxury resort-style pool, patio bar and pool-side gas grills, Kid’s Zone, Bark Park, relaxation lounge with flat screen TVs, video gaming stations, pool table, table top shuffleboard, social networking/business center with iMacs, storage units and private garages.
In addition to its close proximity to Central Florida theme parks, the property is conveniently located only minutes from an array of hospitality and technology employers as well as public and private golf courses, A-rated schools, retail and ample space for recreation.
Fugleberg Koch of Winter Park is the architect and Atlanta-based Focus Design is the interior designer for The Retreat at Windermere.
About DeBartolo Development, LLC
Built on a legacy of more than six decades, the DeBartolo name is recognized as an icon in the real estate industry. Since our beginnings in 1944 when legendary entrepreneur Edward J. DeBartolo, Sr. pioneered the first shopping mall concept and developed some of the most well-known and nationally-recognized shopping landmarks, our legacy has been synonymous with success. Continuing the family tradition with the same entrepreneurial spirit, Edward J. DeBartolo, Jr., former owner of the five-time Super Bowl Champion San Francisco 49ers and two-time Stanley Cup Champion Pittsburgh Penguins, and his brother, Edward Kobel, have evolved DeBartolo Development into one of the largest private real estate investment and development companies in the country. Today, DeBartolo Development invests in real estate assets of all sizes and scopes, specializing in opportunistic acquisitions and market-driven, ground-up development of multifamily, hospitality, retail and mixed-use projects throughout the United States. DeBartolo Development combines experience, sound research and market foresight with institutional partnerships and strong lender and broker relationships to meet the unique challenges of today’s real estate environment. For more information about DeBartolo Development, please visit our Website at www.debartolodevelopment.com.