Futura Development Company, a South Florida-based developer and private equity firm Linkvest Capital just announced a master-planned mixed-use project in southeast Lake Nona dubbed “Nona Cove”.
The new partners are looking to transform roughly ten contiguous acres of vacant land just north of the Orange-Osceola county line, with frontage on Narcoossee and Boggy Creek roads, into an integrated wellness community consisting of 260 luxury apartments, a four-story 122,000-square-foot self-storage facility and about 32,000 square feet of commercial and retail space.
The Futura at Nona Cove project is estimated to reach up to $80 million.
Futura will be applying for permits on the combined self-storage/retail building in July. As for the apartment complex, it’s scheduled to begin in the first quarter of 2020 with a completion date slated for the third quarter of 2021.
Futura at Nona Cove apartments will offer studios, one-, two- and three-bedroom units ranging from 623 square feet to 1,315 square feet. The Multi-Family project will feature nine-foot ceilings, energy-efficient stainless steel appliances, washers and dryers and large balconies and some private patios. Rentals will average about $1,750 a month.
Amenities will center around wellness activities, such as designated quiet spaces for meditation, a yoga room and a cardiovascular room for high-intensity exercises that overlooks a three-lane lap-pool. Other amenities include a resort-style pool and pool deck, walking and jogging trails outfitted with fitness stations and a community dog spa and a dog park with gazebos.