Hoar Construction Breaks Ground on Florida Project
Hoar Construction broke ground on a $29 million expansion project at Lakeview Terrace, a lakefront, gated retirement community in Umatilla, Fla.
The Lakeview Terrace expansion includes a new apartment tower, clubhouse, and villas for the 100-acre campus north of Orlando. The five-story tower includes a mix of one-bedroom and two-bedroom apartments, each with a screened-in patio terrace, full kitchen, living/dining room, and den. Nine two-story villas include four units each with two bedrooms, two bathrooms, two screened-in patio terraces, a full kitchen, two dens, and a laundry room. Carports are located outside of the tower and villa buildings and include spaces for golf carts and cars.
The 29,000-square-foot clubhouse will include a full-service kitchen, bar/lounge area, multiple dining rooms, staff offices, and an auditorium/multipurpose hall.
“Multifamily projects continue to boom in the Southeast, and that growth is being driven by both millennials and empty nesters,” said Michael Parks, Hoar Construction’s Florida Division vice president. “Many of those empty nesters are seeking continuing care communities like Lakeview Terrace, where residents start out living independently and then can move on to the assisted living and skilled nursing facilities as needed.”
The South is the fastest-growing region of the country with growth of roughly 9.5 million people by 2025, according to Moody’s. Florida is expected to lead the way in terms of residential growth, and the number of retirees heading here is more than double that of any other state.
Hoar Construction is working in conjunction with program manager ZHA International. The architect for the project is HHCP, while R. L. Plowfield and Associates is handling structural engineering and RGD Consulting Engineers is working on mechanical, electrical, and plumbing.
The project will take approximately 13 months to complete and is expected to open next fall.