Elevation Development LLC is preparing to break ground on a 648-unit apartment complex in Osceola County during early 2021. Partner Owais Khanani stated: “The demand did get scary during the pandemic, but it seems like things are turning a corner.”
Despite high impact fees and unemployment challenges in the region, the article notes substantial developer interest. A Cushman & Wakefield analysis documented 38 land sales exceeding $1 million during the first half of 2020, suggesting continued market optimism. However, lenders have exercised caution regarding projects proximate to Disney World due to pandemic-related workforce reductions.
