(To read more on the multifamily market, click here.)

ORLANDO-Baldwin Park, a 1,093-acre mixed-use community being developed by Chicago's Pritzker family at a development cost of $2 billion, has some new high numbers to throw around today. The development is three miles from Downtown.

Rock Equities of Livonia, MI confirms it plans to break ground in April on the first phase of Baldwin Harbor, a one-million-sf, 495-unit residential condo community being developed at Lake Baldwin. Area construction sources tell GlobeSt.com the estimated cost of the venture will be at least $100 million or about $200,000 per unit.

In a separate activity at Baldwin Park, New York-based Lexin Capital, headed by Metin Negrin, has acquired Centergate Baldwin Park Apartments from Baldwin Park Development Co. for $50 million. The two-year-old, 220-unit property traded hands for $227,272 per unit.

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