Halstatt Real Estate Partners, along with Development Ventures Group and Ustler Development (Partnership), has sold UnionWest at Creative Village, a mixed-use student housing tower in Orlando, Fla. Provident Resources Group purchased the asset, which was funded through the offering of tax-exempt and taxable bonds underwritten by BofA Securities.

The partnership built the 15-story building, which includes 644 student housing beds, more than 100,000 square feet of academic space, 11,000 square feet of street-level retail, and a 600-space parking garage. The tower opened in August 2019. The University of Central Florida and Valencia College are nearby.

The UnionWest at Creative Village sale marked the second successful exit involving bond financing for Development Ventures Group, known as the Deven Group.

Located at the corner of W. Livingston Street and N. Terry Avenue, the $105 million UnionWest is part of Creative Village, a $1.5 billion mixed-use master redevelopment project in Downtown Orlando.

Atlantic Residential (Atlantic) is bringing its brand LUMEN to Florida’s Legacy Park community. In partnership with Red Clay Development Partners (Red Clay), the firm is developing a $58 million multifamily development on the 11.97-acre site acquired last month for $6.9 million from undisclosed sellers. Construction is slated to begin this month with the first units available for occupancy in fall 2025. 

Patterson Real Estate Advisory Group secured construction financing from Trustmark Bank and BankUnited. Marble Capital also provided preferred equity. Middleburg serves as general contractor. 

Designed by Florida architecture firm FORUM Architecture and Interior Design, LUMEN Legacy Park features 219 apartment homes, including 111 one-bedroom, 84 two-bedroom and 24 three-bedroom units. LUMEN Legacy Park amenities include: a pool, open green space, pickleball courts and a dog park. A clubhouse features a co-working lounge, game room and fitness center.

LUMEN Legacy Park is located at the corner of US Highway 27 and Legacy Park Boulevard in Davenport, Fla., a suburb nearly 30 miles southwest of Orlando.