Dominium Begins Construction of Osprey Park

Groundbreaking celebration planned for new affordable housing community in Poinciana, Fla.

Dominium, a leading apartment owner, developer and manager, announced today that it will be beginning construction on senior housing apartment complex, Osprey Park, which will provide 383 units of affordable housing to the age 62+ community who in-come qualify, earning no more than 60% of the Area Median Income. Dominium acquired the land in July of 2021and financed the construction using 4% tax credit financing and tax-exempt bonds.

Once constructed, Osprey Park will be home to one apartment building along with nine single story “cottages.” The unit mix will consist of 173 one-bedroom flats, 142 two-bedroom flats, 18 two-bedroom cottages and 18 three-bedroom cottages. Osprey Park features a variety of amenities tailored to an active senior lifestyle including a pool with cabanas, fenced-in dog park, outdoor pavilions with grilling stations, fitness center, theater, beauty salon and much more.

“We are so excited to break ground on our first affordable for-rent development in the Orlando metro. Dominium owns and manages a little over 5,000 apartment homes in Florida, but we haven’t had the opportunity to bring our new construction platform to Orlando until now. We see such a big need for affordable housing in Central Florida and are delighted anytime we can get a project done in these growing markets,” said Dominium Vice President & Project Partner Devon Quist.

Construction of the development is expected to be completed June 2023.

View photos from the event