New York-based Lexin Capital (Website) was just approved to build a new 16-story residential tower at 550 Mariposa Street [GMap] in downtown Orlando’s South Eola neighborhood, just a few blocks away from Lake Eola Park.
The new L-shaped Thornton Commons development will feature 223 rental apartments with 20,000 SF of ground-floor retail and a parking garage for 425 vehicles, according to paperwork filed with the City of Orlando. Plans call for larger living units, a rooftop pool deck with a summer kitchen, and a co-working space for residents.
The project is the second phase of the larger Camden Lake Eola project just to the north at 520 E. Church Street [GMap] which was completed last year.
The project must still e approved by the Appearance Review Board and get its final permits in order to start construction.