Apopka to gift some downtown land to developer Standard Investments & Holdings – WFTV

ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.

The city of Apopka has decided to gift some downtown land to a developer in exchange for creating a $1 million public space with a pavilion, green space and food truck parking on an adjacent city-owned, 1-acre parcel.

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The Orlando-based developer, which is working with Benge Development and residential partner Peacock Capital, will use the 2.43 acres to build a $9 million mixed-use project with up to 60 apartments across two buildings. A maximum of 36 apartments will be affordable, with the rest rented at market rate. That would include a maximum income of $67,000 for a one-bedroom unit.

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