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Commercial Real Estate
What this Tampa developer envisions for 100 acres in Orlando’s Horizon West

A Tampa developer is refining its vision for a big mixed-use project in one of metro Orlando’s most sought-after communities. 2nd Wave Development is the developer of a $170 million mixed-use project on 97.5 acres in southwest Orange County’s Horizon West region, at the intersection of Avalon Road and Hartzog Road, where it envisions hundreds […]

Jan 6, 2023
By Steven Ryzewski
Growth Spotter
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Multi-Family Residential Developments
Tampa developer seeks rezoning for 97-acre mixed-use project in Horizon West

The owners of a key parcel along Avalon Road in Village I of Horizon West filed a revised Land Use Plan with Orange County right before Christmas for a mixed-use project that would be led by Tampa-based apartment developer 2nd Wave Development. The property, at the northeast intersection of Avalon and Hartzog roads, has since […]

Dec 27, 2022
By Laura Kinsler
Growth Spotter
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Real Estate
New Orlando apartments planned for busy Lake Nona corridor

A 377-unit apartment community is in the works for a fast-growing stretch of Narcoossee Road in the Lake Nona area. Tampa-based 2nd Wave Development’s plans for the apartments will go before the city of Orlando’s southeast town design review committee May 12. The project is slated to be built on six parcels between Narcoossee Road […]

May 12, 2022
By Steven Ryzewski
Orlando Business Journal
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Multi-Family Residential Developments
Tampa developer pays $18.9M for the last multifamily site on Lake Whippoorwill

Tampa’s 2nd Wave Development paid top dollar for the last 25 acres of undeveloped land on the shore of Lake Whippoorwill, and the firm is designing an apartment community that will replicate a spa retreat experience for its tenants. 2nd Wave paid $18.985 million over five transactions for the six parcel assemblage on Narcoossee Road, […]

Apr 13, 2022
By Laura Kinsler
Growth Spotter
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MULTI-FAMILY RESIDENTIAL DEVELOPMENTS
Osceola’s Sunrise City draws its fifth luxury apartment community

Birmingham-based Arlington Properties is making its Orlando market entry as the fifth multifamily developer in the popular Sunrise City mixed-use community. The developer paid $6.32 million last week for 27 acres on the north side of Osceola Parkway, across the street from Oasis at Shingle Creek, and scored construction financing to the tune of $56 […]

Apr 6, 2022
By Laura Kinsler
Growth Spotter
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Real Estate
$52 million construction loan secured for Antioch apartments

A Tampa development firm has secured financing for its first project in Greater Nashville. Mark Sembler of 2nd Wave Development signed for a $51.92 million construction loan from Synovus Bank (NYSE: SNV), according to newly filed deeds. The attached address was 1500 Bell Road — 34 acres in Antioch where the firm pitched Maxwell Apartments, […]

Aug 2, 2021
By Drew Hutchinson
Nashville Business Journal
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Residential Real Estate
More apartments in the works near Lake Nona as job growth fuels demand

More apartments are in the works along Narcoossee Road heading into Lake Nona as the southeast Orlando community’s job growth attracts new development. A master plan was filed with the city of Orlando to develop multifamily units at 7445 Narcoossee Road, city records show. More details weren’t immediately available, and OBJ has filed a public […]

Sep 23, 2021
By Jack Witthaus
Orlando Business Journal
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Multi-Family Residential Developments
Tampa developer selects site on Lake Whippoorwill for second Orlando-area multifamily project

Tampa-based 2nd Wave Development has chosen a site on Narcoossee Road in Southeast Orlando for its next luxury apartment community. Alissa Sieben, development manager, told GrowthSpotter the firm is under contract to buy the 25-acre assemblage on Lake Whippoorwill, subject to the annexation and rezoning of the property. This follows the completion of and opening […]

Jul 21, 2021
By Laura Kinsler
Growth Spotter
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Pembrook Capital Management provided the capital for the 360-unit Asbury Apartments.
2nd Wave Development secures Tampa apartment project funding

2nd Wave Development has secured a $14.2 million preferred equity investment for its 360-unit apartment complex it is building in Tampa. Pembrook Capital Management provided the capital for the property, which will be called The Asbury Apartments. Doug Wilberding with Pembrook originated the loan. When it delivers, The Asbury Apartments property will include 27-buildings with […]

Dec 21, 2020
By Erika Morphy
Globest
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Deal Dash
Deal Dash: Tampa developer lands in Antioch

Welcome to Deal Dash — the Nashville Business Journal’s roundup of some of the week’s more notable commercial real estate dealmaking. The following information is based on Business Journal reporting, news releases and public records such as property deeds, building permits and other government filings and documents. We aim to highlight a cross-section of recent […]

Mar 6, 2020
By Adam Sichko
Nashville Business Journal
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2nd Wave Development breaks ground on Wildgrass, a new luxury apartment community

2nd Wave Development, a multifamily development company, broke ground today on their newest project – a 321 luxury apartment community located on 38 acres. Wildgrass will begin delivering housing at a time of tremendous economic growth, driven by a number of major job drivers moving to the immediate area. The apartments are expected to be […]

Dec 14, 2022
By 2nd Wave Development
Uncategorized
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MULTI-FAMILY RESIDENTIAL DEVELOPMENTS
Tampa developer to break ground next week on $70M apartment complex

Tampa-based 2nd Wave Development is scheduled to break ground June 16 on a Prime Orlando, 340-unit luxury apartment community in Kissimmee’s Sunrise City development. The developer, a subsidiary of Sembler Investments, bought the 11-acre site late last year for $7.5 million and received approval from Osceola County for its Site Development Plan in the spring. […]

Jun 7, 2019
By Laura Kinsler
Growth Spotter
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Osceola County Developments
Tampa developer to build $65M luxury apartments in Kissimmee’s Sunrise City

Tampa-based Sembler Investments has filed construction plans for a 340-unit apartment complex in the Sunrise City mixed-use district in Kissimmee’s tourism corridor. This would be the second multifamily community in Sunrise City, following the completion in 2018 of Integra’s Sunrise Parc. Sembler’s 2nd Wave Development purchased the 11-acre site last year from master developer, Intram […]

Jan 23, 2019
By Laura Kinsler
Growth Spotter
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Pembrook provides $10.5 MM in preferred equity financing for construction of multifamily development in Tampa, FL

Sponsor plans to build 321-unit market rent development in Riverview FL called Wildgrass, part of Tampa’s emerging Southshore region NEW YORK, April 3, 2019 /PRNewswire/ — Pembrook Capital Management LLC (“Pembrook”) announced the closing of a $10,514,597 preferred equity investment for the construction and development of a multifamily project located at 6617 Simmons Loop in […]

Apr 3, 2019
By Pembrook Capital Management
PR Newswire
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