Varden Capital and Tellus Partners are developing a new multifamily project in Ormond Beach, FL. The total project will consist of 300 units.
Partnership views this as an excellent opportunity to invest in a project that will deliver a market rate apartment community in an area that has seen significant rent growth and falling vacancies over the past few years. The property is near great schools, shopping, restaurants, banking and medical offices. It is a little over 2 miles from AdventHealth Daytona Beach, a major hospital, at 301 Memorial Medical Pkwy via I-95.
The site is approximately 15 minutes from beaches and less than a mile from I-95. It is situated just above LPGA International, Daytona International Speedway and Daytona Beach Golf Club. In addition, the property is less than 20 minutes from the Daytona Beach International airport and tenminutes from Ormond Beach Municipal Airport.
State Road 40 - Ormond Beach
Site Size (Acres)
One, Two and Three Bedrooms
Sqare Footage Range