ORLANDO, Fla. — Universal Orlando is partnering with a housing group to address the problem impacting thousands of renters in our area.
The plan is to build affordable places to live at Trade Show Road and Destination Parkway, near where Universal is building its newest theme park, Epic Universe.
The Altamonte Springs-based housing group Wendover will help bring 1,000 new apartments to Orlando.
Wendover CEO Jonathon Wolf said he hopes it could be a pathway to address the affordable housing crisis in Orlando.
“We’ve got over a 100 thousand people working in this corridor,” he said. “Some are commuting over two hours a day because of the affordability issue. I said, we have to bring a few other elements in.”
The plan is to also add 16,000 square feet of retail space which would include free preschool for people living there, along with a community center, classrooms and workout centers.
The theme park’s website said it wanted to get involved because it believes affordable housing is a human right.
Rent will range from $400 to just under $2,000.
The developers are still in the permitting process of the project. While there’s still a ways to go before this could become a reality, the group hopes to break ground by the end of the year.
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