MMI DEVELOPMENT Completed Projects Our partners have relied on MMI Development because of our high ROI, effective process for project completion, and solid track record for success. In addition to successfully completed projects, we have paved the way for enhancing development as MMI was the first developer in Orange County to complete the following: In 2002, MMI negotiated and entered into a Capacity Enhancement Agreement (CEA) with Orange County Public Schools. This agreement allowed rezoning of a group of parcels of land from Agriculture to Multifamily. CEAs were required by Orange County government as part of their implementation of school capacity requirement under the Martinez Doctrine. Gained 100% approval for deferral of impact fees over a three-year period from the date of last Certificate of Occupancy, thereby significantly decreasing the initial development budget on new construction. Gained vested rights against school concurrency. School concurrency was adopted statewide in 2008 and implemented in Orange County, FL in October 2008. School concurrency essentially states that a property cannot be rezoned to multifamily and/or get a building permit unless public schools serving the property have capacity for new students. Affinity Apartments Tampa, Florida 291-unit Class A apartment project MMI served as the project developer and construction manager and currently serves as the Asset Manager Total project cost was $48,000,000 ($1M under budget) Project level IRR is currently at 75.4% View in Google Maps Visit the property website The Tiffany at Maitland West Maitland, Florida 315-unit Class A apartment project MMI served as the project developer and construction manager Total project cost was $59,000,000 View in Google Maps Visit the property website Douglas Centre Coral Gables, Florida 197,000 square foot, multi-tenant office building MMI served as the development partner over 100,000 square feet of office leasing and tenant improvements Total capital was near $10,000,000 View in Google Maps Visit the property website Marden Road Interchange Apopka, Florida Private, Public, Partnership (PPP) between MMI, City of Apopka and the Central Florida Expressway “On and Off” ramp from Maitland Boulevard (State Road 414) onto Marden Road This interchange is the first of its kind in Central Florida MMI served as the project developer and completed the project two months ahead of schedule and 7.3% under budget Total project cost was $8,000,000 View in Google Maps Marden Ridge Apartments Apopka, Florida Closest multifamily project to Florida Hospital Apopka MMI served as the project developer and construction manager Total project cost was $38,000,000 and was finished on schedule and within budget Lease up averages 15 units per month View in Google Maps Visit our leasing website here Windermere Cay Apartments Winter Garden, Florida 380-unit Class A apartment complex Phase 1A (272 units) Phase 1B (108 units) Adjacent to Walt Disney World View in Google Maps Visit our leasing website here 2103 Coral Way Miami, Florida Eight-story, 80,000 square-foot office building At the time of acquisition, this fractured office condominium building was 40% leased. MMI purchased the remaining units, collapsed the condominium form of ownership, stabilized the asset to 90% and sold the project in the summer of 2014. View in Google Maps Mariano Moreno Culinary Institute Valencia Lane Apartments Orlando, Florida 240-unit, garden style, multifamily community MMI was responsible for the land acquisition, rezoning, entitlement acquisitions, and construction management for this project. View in Google Maps Golden Glades Office Park Miami Gardens, Florida 191,000 square-foot office park Eight low- and mid-rise office buildings At the time of acquisition, the property was 77% leased. Under MMI’s management, the property achieved 97% occupancy in nine months. View in Google Maps 2153 Coral Way Miami, Florida 32,000 square-foot office building After acquisition, MMI successfully extended and renewed the existing single tenant lease. View in Google Maps Shoppes at Ives Dairy Road Miami, Florida 26,000 square-foot, neighborhood shopping center National tenants include Starbucks®, Chili’s Foot Locker®, RadioShack GameStop®, Subway®, and Wireless Toyz View in Google Maps Dean Road Apartments Orlando, Florida 288-unit, garden style, Class A apartments MMI assembled five contiguous parcels, consisting of 18 acres. The property was then rezoned for multifamily development. View in Google Maps PRC Miami Gardens, Florida 139,000 square-foot office building Located west of the Golden Glades Interchange in north Miami-Dade County The office building was leased to a single tenant. View in Google Maps MMI DEVELOPMENT PARTNERS At MMI Development, we know that success depends on the right partnerships. We’re uniquely positioned in the industry because of our resources. Below are the architects, engineers, and other development professionals with whom we partner to deliver the best results. Equity Partners Patoka Capital Galaxy Realty Capital, LLC Six Pines Realty Federal Capital Partners Lender First Green … Learn More MMI LATEST NEWS Written by: Bob Moser, Contact Writer, GrowthSpotter When Winter Park-based MMI Development broke ground this month on a 272-unit first phase of … Read More Written by: Bob Moser, Contact Reporter, GrowthSpotter Orlando’s ultimate contrarian buyer, Michael E. Wright of MMI Development saw potential … Read More MMI COMPLETED PROJECTS Our partners have relied on MMI Development because of our high ROI, effective process for project completion, and solid track record for success. In addition to successfully completed projects, we have paved the way for enhancing development as MMI … Learn More Copyright 2021 ● MMI Development ● 100 E. Pine Street, Suite 110 Orlando, FL 32801 ● 407-385-0664