Orlando, Fla. (December 16, 2021) – Urban living will find a new place in Osceola County. 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, announce 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.
“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.
Dwell Design Studio, an award-winning architecture, planning and interior design firm, and Shim Studios as interior designer will spearhead the project.
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.
For additional information visit www.allenmorris.com.
About Allen Morris Company
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. With offices in Miami, Coral Gables, Fort Lauderdale, Orlando, and Atlanta, Allen Morris Company has served its business and investment clients for 63 years. For more information, please visit www.allenmorris.com, or follow us on Instagram at @allenmorrisco or Facebook at www.facebook.com/TheAllenMorrisCompany.
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. Two examples are United Meridian, who successfully discovered oil on the Ivory Coast and subsequently sold to Devon Energy and also Ohio River Steel Company, a large mini-mill developed from the ground up to manufacture steel products from metal billets BEFORE BEING sold to Cargill in 1985. In addition, XIUSA and its affiliates own over 380 acres of land in Orlando, FL. The property, known as Xentury City, includes as its tenants the Gaylord Palms Resort and Convention Center. Gaylord includes over 1,700 rooms and suites as well as 500,000 sq ft of convention and meeting space.