Lantower Grande Flats, Orlando, FL June 14, 2019
Dallas-based Lantower Residential announces the acquisition of Lantower Grande Flats, a brand new, 314-unit garden-style multifamily development located in the coveted tourism corridor of south Orlando, FL.
Lantower Grande Flats (formerly known as Alta Grande) boasts premier community amenities including an expansive fitness center with separate yoga studio, dog park, resort-style saltwater pool with cabanas, media center/game room, and an outdoor hammock garden. The luxurious interiors include gourmet kitchens with granite countertops, stainless steel appliances, modern glass backsplashes, full-sized washer & dryer sets, and modern pendant lighting.
SouthPark Center, featuring 1.5 million square feet of Class A office space on a 162-acre campus, and Infinity Park, a 200-acre mixed use business park with over 1.2 million square feet of office and industrial space, are both within two miles of the community. Other major nearby employers include Lockheed Martin and Darden Restaurants' headquarters.
"South Orlando, anchored by a $60bn tourism industry and strong white-collar employment base, continues to be a leading U.S. submarket for multifamily investment fundamentals. Lantower Grande Flats’ institutional quality and location underscore our investment rationale, and its acquisition fulfills our desire to expand our Central Florida portfolio," said Lantower COO, Philippe Lapointe, in prepared remarks.
Upon acquisition of Lantower Grande Flats, Lantower Residential’s portfolio consists of 23 multifamily properties with 7,585 residential units.