The Allen Morris Company, one of the largest diversified real estate firms in the Southeast, and Xenel International U.S.A., a diversified company and long-term landowner, have launched Residences at Xentury City, a $75 million multifamily development located in Osceola County. The project will transform the current site into a thriving multifamily destination. Groundbreaking for the project is scheduled for Q1 2022 and is slated for completion in Q2 2023.
The 293,000 square feet of space will contain five garden-style buildings, 311 residential units, a leasing center and world-class amenities throughout. The project site is located adjacent to the Gaylord Palms Resort and Convention Center.
Dwell Design Studio, an award-winning architecture, planning and interior design firm, and Shim Studios as interior designer will spearhead the project.
“The Osceola corridor has seen some of the largest net in migration in the nation generating demand for quality housing,” said Spencer Morris, Chief Investment Officer of the Allen Morris Company. “The Residences at Xentury City are the first phase of a larger mixed-use vision that will transform this area within Osceola County into a dynamic live, work, play neighborhood with first-class dining, entertainment and residential offerings.
Xenel International U.S.A. and its affiliates own Xentury City which sits on 380 acres of land in Orlando, FL. Tenants of Xentury City include the Gaylord Palms Resort and Convention Center which includes over 1,700 rooms and suites as well as 500,000 sq ft of convention and meeting space.
Xentury City is close to all the theme parks including Disney World and Universal Studios and has developed a major transportation network to access the site. The site is also 30 minutes from Downtown Orlando and 20 minutes from Orlando International Airport.
The Allen Morris Company is one of the largest real estate firms in the Southeast U.S., completing their 85th development project and specializing in office buildings, multi-family residential, hotels, mixed-use developments, leasing and brokerage, and property management. The Allen Morris Company was founded in 1958 and has offices in Miami, Coral Gables, Fort Lauderdale, Orlando, and Atlanta.
Xenel International U.S.A. is a holding company headquartered in Westlake Village, California. It was founded in 1979 and developed and led numerous business ventures. The team has taken companies through all phases of development from conception to maturity in a variety of industries.
