News / NM Residential

$101M worth of apartment projects planned in C. Fla.

Jan 30 2017

A Northeast Ohio developer finalized a deal this week to bring new Class A apartment complexes in Central Florida. NM Residential plans to invest a total of $101 million into two projects: The 272-unit Marden Ridge complex in Apopka and the 315-unit Maitland West community in Maitland. NM Residential has retained Winter Park-based MMI Development Inc. as the developer for both projects.

Developer plans to pay for State Road 414 interchange

Oct 01 2015

When it comes to interchanges on its toll roads, Metro Orlando's expressway authority follows a sports cliché: No blood, no foul. In other words, you can pay for and build an interchange that the Central Florida Expressway Authority does not intend to construct as long as it does not harm the agency's ability to make money.

New project to bring 315 apartments, more to Maitland

Jul 29 2015

A new mixed-use project planned in Maitland took a step toward becoming a reality earlier this week. The Maitland City Council on July 27 gave the OK to Maitland West, a 38-acre complex just up the road from the RDV Sportsplex that will include 315 apartments, retail and office space, and a 120-room hotel. The project’s first phase will be the $52 million apartment development, according to documents submitted to the city. Construction is expected to begin by year’s end.

Maitland approves apartment complex on deteriorated wetlands

Jun 30 2015

For 35 years, swampy land just south of Maitland Boulevard served as a home for an ever-growing heap of 3,000 cubic yards of household and construction trash, more than 1,000 discarded tires, 17 battered and rotting boats, dozens of oversized oak trees, and pockets of withering wetlands. The Maitland City Council voted on Monday to replace the mucky lot with planned development complete with 315 apartments, and plans for a 14-floor office building and 120-room hotel, deemed Maitland West.

New $43.5M apartment complex planned near Florida Hospital Apopka

Nov 18 2014

Planning is underway on a new apartment complex near the new Florida Hospital Apopka, the first phase of a larger, mixed-use development envisioned for the area. Winter Park-based MMI Development Inc. plans to develop Marden Ridge, a new 272-unit apartment complex on Marden Road near the intersection of the Maitland Boulevard extension and the Western Beltway, or State Road 429. Construction is slated to start late next year on the estimated $43.5 million project.