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Universal Developing Worker Apartments

ORLANDO-The 330-unit complex will be immediately adjacent to the popular tourist resort.

By Carl Cronan | Updated on January 05, 2010

ORLANDO-The 13,000 employees at Universal Orlando have lots of living choices near their workplace on the city’s west side. However, none will be closer than a new 330-unit apartment complex being built literally next door to the popular tourist resort.

Universal is collaborating with Winter Park-based Epoch Properties to develop Landmark Luxury Apartments on 11 acres adjoining the Universal Studios Florida theme park, reports the Orlando Sentinel. The entertainment giant bought the land last November for $7.8 million, or roughly $16 per square foot.

The new apartments, set to open sometime next year, are aimed at Universal employees with monthly rents for one- to three-bedroom units ranging from $900 to $1,400 per month. The project has been in the works over the past two years but has been delayed by the ongoing freeze on commercial construction financing.

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