It looks like things are finally moving forward on this project.
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Pelloni taps Zom to build condos
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The 425-unit Hudson condominiums are part of Pelloni's Mills Park project in Orlando.
Jack Snyder
Sentinel Staff Writer
March 29, 2007
Zom Inc., the company that built two signature residential towers in downtown Orlando, is teaming up with Pelloni Development Corp. to build 425 condominiums as part of Pelloni's Mills Park mixed-use project on the former site of the Mills & Nebraska lumberyard.
Steve Patterson, Zom's president and chief executive officer, said Wednesday the condos will be "a very solid value," with prices starting in the low $200,000s.
The complex, to be known as the Hudson, will contain one-, two- and three-bedroom units ranging from about 700 to 2,200 square feet. The 2,200-square-foot penthouses could cost as much as $1 million.
The residential project will include as many as 17 live/work units, with rooms set above ground-floor commercial space.
Mills Park, a $350 million development on the northwest corner of Mills Avenue and Virginia Drive, will also have about 80,000 square feet of retail and 273,000 square feet of offices.
Jim Pelloni, president of Lake Mary-based Pelloni, said several major multi-family developers wanted to be part of Mills Park, but Zom was selected because of its experience and record of innovation.
Orlando-based Zom built the Paramount and the Waverly, high-rise residential towers both on Central Boulevard in the city center. It has also developed condo and rental projects in Tampa, St. Petersburg, Miami Beach, Surfside, Coral Springs, Boca Raton and Fort Lauderdale, as well as in Dallas, Houston and Austin, Texas.
Pelloni Development's resume includes the Shoppes at Oakmonte, Park Place at Heathrow, and the Village at Hunter's Creek.
An existing, 7,000-square-foot building at 1122 Virginia Drive has been renovated for use as a sales office and model unit. The center will open April 15. Patterson said interested parties can sign up for information by calling 407-447-4344 or visiting the project's Web site at millsparkorlando.com.
The demolition of existing structures is wrapping up and site work is under way, Pelloni said. Greg West, Zom's senior vice president, said construction of the Hudson should start during the fourth quarter of the year.
The development has been designed to be pedestrian friendly. The rear of the property connects to the Orlando Urban Trail, designed to eventually offer paved pathways for running, skating and cycling. The project is also within walking distance of the Orlando Museum of Art, Orlando Science Center, Mennello Museum of Folk Art and Central Florida Civic Theater.
Florida Hospital's main Orlando campus is a short distance to the northwest.
Pelloni said the project's office space, which he will sell or lease, has drawn a lot of interest. About one-third of the inquiries have involved medical businesses, he said.
Two five-story garages will provide free parking for residents and businesses.
Pelloni said the retail portion could include as many as 10 restaurants.
The 14.5-acre site was assembled from several owners, with the Mills & Nebraska lumberyard the largest parcel. Orlando Mayor Buddy Dyer has hailed the project as "a perfect example of the kind of development that will continue to attract residents to the downtown area."
