Fore Property Company has received a $67.8 million loan for the ground-up development of Parkway Crossings, a class A, 309-unit multifamily community in Kissimmee, Fla. The six-acre site is situated near the corner of Orange Avenue and Osceola Parkway and is approximately 20 miles south of downtown Orlando. Construction is now under way, with completion anticipated for 2025. The loan was provided by PCCP.
Parkway Crossings will be a four-story elevatored community with an approximately 570-space parking garage. The unit mix will include studio and one-, two- and three-bedrooms with an average unit size of 939 square feet. Additionally, it will feature top-of-market amenities including a tenant clubhouse, a 24-hour fitness center, an outdoor BBQ area, a pool and lounge area, a dog park and EV chargers. The property is designed to meet LEED Silver standards and is anticipated to earn the designation once construction is complete. Additionally, unit finishes will consist of quar
