Daily Newsletter

24 June 2024

Daily Newsletter

24 June 2024

Work completes on new multifamily community in Florida

The six-building development offers 276 units, as well as indoor and outdoor entertainment and recreational spaces.

Upasana Mukherjee June 21 2024

Taurus Investment Holdings and TPG Real Estate Partners have announced the completion of a new multifamily community, NOVO Avian Pointe, in Apopka, Florida, US. 

The project began vertical construction in March 2023 after breaking ground in mid-2022. 

TPG Real Estate partner Tripp Johnson said: “NOVO Avian Pointe is built for the modern resident, providing a range of best-in-class, sustainable apartments and amenities designed for energy-efficient, convenient living.” 

“As Apopka and the broader Orlando area continue to experience strong population growth, we’re excited to reach this milestone and announce the launch of the community.” 

The six-building multifamily community offers 276 units and is surrounded by pocket parks, green spaces, and an organic relaxation garden. 

It also has a bicycle-share programme and both indoor and outdoor entertainment and recreational spaces.  

The development adheres to the Florida Friendly Landscaping Program and preserves 10% of the site in a conservation easement. 

It is anticipated to have 34% lower energy consumption compared to standard new construction properties.  

An energy-resilient technology package has also been implemented by EcoSmart Solution. 

This includes geothermal infrastructure sourced from the Floridian Aquifer, a 254kW DC solar photovoltaic system, 36 electric vehicle charging stations, and an energy management system. 

Taurus CEO Peter Merrigan said: “By prioritising decarbonisation, we're not only minimising the project's environmental impact but also reducing its exposure to potential risks associated with climate change and rising energy costs.  

“This translates to a more stable investment for our partners, and an asset that contributes to the overall well-being of the community and reduces energy costs for our residents.” 

Latin America Construction Market Overview

GlobalData's latest report explores the different sectors of the construction industry in Latin America through a detailed investigation of the output values from 2019 to 2028. Over the forecast period, the growth volumes are to be sustained by the rapid construction development across Colombia, Panama, Ecuador, and Argentina. Among these countries, Colombia is set to remain the fastest-growing country, aided by investments in the domestic infrastructure sector.

Latin America Construction Market Overview

GlobalData's latest report explores the different sectors of the construction industry in Latin America through a detailed investigation of the output values from 2019 to 2028. Over the forecast period, the growth volumes are to be sustained by the rapid construction development across Colombia, Panama, Ecuador, and Argentina. Among these countries, Colombia is set to remain the fastest-growing country, aided by investments in the domestic infrastructure sector.

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