MEDIA COVERAGE ASSOCIATED WITH DEVELOPMENT OF NEW ALTAMONTE SPRINGS PROJECT LOCATED JUST RONALD REAGAN PARKWAY.
FaverGray is proud to announce the successful delivery of The Darley (Ocala Heath Brook) for Catalyst Development Partners, a new 228-unit luxury multifamily community located on approximately 13 acres in Ocala, Florida.
09-29-2025
”Developer buys Altamonte Springs land for $85M project,” Orlando Business Journal [View PDF]
Story Highlights
Catalyst Development Partners purchased 13.29 acres in Altamonte Springs.
An $85 million, 332-unit apartment complex is planned.
The project will open in early 2027.
Catalyst Development Partners purchased the 13.29 acres of land at 942 1st St. in Altamonte Springs on Sept. 19. The land was previously owned by CenturyLink of Florida Inc., and its parent company Lumen Technologies, according to Seminole County records.
9-29-2025
”CP Capital US Announces Plans for New Altamonte Springs Multifamily Project in Orlando, FL., with Catalyst Development Partners,” Joplin Globe [View PDF]
A joint venture of CP Capital, a leading U.S. real estate investment manager specializing in multifamily investments, and Catalyst Development Partners, a seasoned multifamily real estate firm with extensive experience throughout the Southeastern U.S., today announced they will be developing a new 332-unit, garden-style multifamily development in Altamonte Springs, a North Orlando submarket of Orlando, Florida. The project is expected to begin site work in Fall 2025. First units and resident amenities are scheduled to deliver early 2027.
"We are very excited to be working again with our trusted partners at CP Capital on the Altamonte Springs multifamily development," says Rob Meyer, Principal at Catalyst Development Partners, "It’s gratifying to see that given the tough market conditions of the past several years, excellent fundamentals still matter; premier location and first class product design, in a growing and underserved market, along with solid support from the City of Altamonte Springs allowed us to get this project over the finish line."
A joint venture between Catalyst Development Partners and Muirfield Investment Partners just announced that they plan to break ground this fall on an apartment complex across the street from the Altamonte Springs SunRail station.