CONTRAVEST BREAKS GROUND ON TWO ORLANDO APARTMENT COMMUNITIES

ORLANDO, FLA. — ContraVest, a multifamily developer, has begun construction on two apartment developments in Orlando: The Courtney at Lake Shadow and The Courtney at Universal Boulevard. The combined construction cost for the two projects is $82 million. The Courtney at Lake Shadow is a 244-unit community located along Lake Shadow in Maitland, a northern suburb of Orlando. The Courtney at Universal Boulevard is located next to the Orange County Convention Center in south Orlando. The properties both feature a clubhouse, fitness center, resort-style pool, pet wash station, elevators and granite kitchen countertops. ContraVest will also provide general contracting and property management services for the projects. First move-ins are expected to begin in January 2015.