Osceola Apartments is a permit-ready, garden-style multifamily development located within the rapidly advancing NeoCity growth corridor in Osceola County. The project has been in planning and entitlement since 2020 and is now approaching final building permit issuance, positioning it to deliver housing as the surrounding district transitions from long-term vision to active execution.
The site is strategically located adjacent to NeoCity, a 500-acre, county-led technology and innovation district created to diversify the regional economy beyond tourism. Over the past 18–24 months, NeoCity has experienced a material acceleration of activity, marked by multiple County-approved development agreements spanning healthcare, advanced technology, mixed-use development, and destination infrastructure.
Recent institutional commitments in the immediate area include:
A 1.5+ million square foot mixed-use City Center led by a joint venture between Sciame Construction, LLC and Edward J. Minskoff Equities, Inc.
A phased AdventHealth hospital campus with an initial 80 beds and long-term expansion capacity
Expansion of Osceola Heritage Park through a public-private partnership with Orlando City SC and Orlando Pride
Advanced medical technology and manufacturing facilities anchored by Empyrean Medical Systems and supported by federal, state, and academic partnerships tied to the region’s semiconductor ecosystem
Collectively, these projects represent diversified, place-bound employment drivers across multiple unrelated industries, materially reducing demand concentration risk and supporting long-term housing absorption in the corridor.
Osceola Apartments is designed as a 102-unit multifamily community with a balanced mix of one-, two-, and three-bedroom residences, complemented by resident amenities including a clubhouse, fitness center, and community pool. The unit mix intentionally supports a broad renter profile, including healthcare professionals, technology and manufacturing employees, operations and support staff, and family households drawn to the area’s growing employment base and infrastructure investment.
From a development perspective, the project benefits from:
Advanced entitlement status, with final building permits anticipated in the near term
Impact-fee advantage relative to future competing developments
Years of completed civil engineering, architectural design, and permitting work
Alignment with publicly funded infrastructure and long-term county planning initiatives
The project is being evaluated for either a capital partnership or outright sale, recognizing that the remaining execution risk is now largely tied to capital structure and construction rather than entitlement or demand. The opportunity is particularly well suited for groups seeking basis protection, long-term durability, and exposure to a county-backed innovation district that has entered its execution phase.
Osceola Apartments represents the opportunity to step into a fully entitled housing project as institutional employers, public infrastructure, and private capital converge—capturing value created through early positioning while avoiding the risks associated with speculative, early-stage development.
Charles Krushansky
Century Realty
