IN THE NEWS
"BUILT-TO-RENT" COTTAGE PROJECT GETS FIRST VOTE OF APPROVAL FROM
DELTONA CITY COMMISSION
DELTONA — A different take on multifamily housing, potentially valued at about $75 million, is slated for an approximately 35-acre wooded site just west of the intersection of Howland and Catalina boulevards.
The City Commission unanimously approved rezoning the parcel — from a business planned unit development and retail commercial district to a residential planned unit development — at its first reading during Monday night's meeting.
The rezoning for the project dubbed Catalina Pointe comes back before the commission for final approval during the Jan. 17 meeting.
Plans for development call for no more than 280 residential units that will include a mix of cottages, duplexes and townhomes.
"What it does is when you spread things out a little bit, and you allow it as single-story cottages and townhouses, it creates a sense of community," said Glenn Storch, the Daytona Beach-based attorney representing MAS Development Corp.
Storch said that sense of community will be bolstered by the luxury amenities planned, and required in the development agreement, for Catalina Pointe, such as a clubhouse, fitness center, swimming pool and dog park. There also will be walking trails and 5.5 acres of tree preservation, almost two more acres than what's required.
And unlike the typically vertical multifamily housing, each Catalina Pointe unit has its own dedicated backyard.
Storch said the market-rate, apartment-size units will go for between $1,400 to $2,300 per month.
One-bedroom cottages will be between 600 and 950 square feet; two-bedroom cottages between 750 and 1,450 square feet; three-bedroom cottages between 900 and 1,850 square feet; and townhomes between 1,200 and 1,950 square feet, according to the development agreement.
Daryl Carter, of the Orlando-based real estate firm Maury L. Carter & Associates and whose family owns the property, said his family has tried, unsuccessfully, to sell the commercially-designated parcel for the past two decades.