Unicorp National Developments, Inc. has officially commenced construction on Elysian, a luxury apartment community comprising **323 units** in **Winter Garden, Florida**. The project is being financed with a **$73 million** construction loan from **Centennial Bank** and is poised to meet the increasing demand for rental housing in one of Central Florida’s rapidly expanding regions.
Situated at the northeast corner of **Avalon Road** and **Seidel Avenue**, Elysian occupies a pivotal location within Winter Garden, a city that has witnessed a remarkable **40 percent** growth in population since **2010**. The site preparation is progressing well, with clearing now completed and installation of essential infrastructure underway. Vertical construction is anticipated to begin shortly, with the project expected to take approximately **18 months** to reach completion.
Modern Amenities and Strategic Timing
Designed by **Krieger Klatt Architects**, Elysian will feature a range of modern, resort-style amenities aimed at enhancing the living experience. Planned highlights include a wine bar, a state-of-the-art fitness center equipped with yoga, Pilates, and cycling studios, a movie theater, steam room and sauna facilities, a clubhouse complete with a fireplace, and a resort-style pool featuring cabanas.
Chuck Whittall, the founder and CEO of Unicorp, emphasized the significance of this project, stating, “This is our first large project in three years, and we’re grateful to **Centennial** for continuing to stand by us.” He also highlighted the favorable market conditions, noting, “With construction pricing off its peak, we’re entering the right cycle. Elysian will be a flagship example of what’s possible when strategic timing meets trusted partnership.”
Long-Standing Partnerships and Future Developments
The financing arrangement was spearheaded by **Robby Barrows**, Senior Vice President of Commercial Banking at Centennial Bank, in collaboration with **David Druey**, the bank’s Florida Regional President. This transaction continues a robust relationship between Unicorp and Centennial, with both firms having successfully completed over **$500 million** in deals together.
Elysian is strategically positioned to cater to the sustained demand for upscale rental housing in Central Florida. With a limited supply of new developments currently in progress, this project is expected to play a vital role in addressing the region’s housing requirements while contributing to the expansion of lifestyle-focused residential options in Winter Garden. As construction advances, stakeholders and community members alike look forward to the positive impact Elysian will bring to the area.
