ORLANDO—Wood Partners has started construction on a 200-unit multifamily community located in one of Orlando's hottest neighborhoods. The Rialto is under development on a 5.95-acre site on Spring Lake at the entrance of Doctor Phillips.

Located at the northwest corner of Sand Lake Road and Turkey Lake Road in southwest Orlando, The Rialto is a quarter of a mile from Interstate 4 and three miles from Walt Disney World. Wood expects the multifamily development to open its doors to renters in July 2014.

“The site is well served by major transportation routes, major employers, area schools, retail stores and other support services,” says David Thompson, director for Wood Partners in Florida. “The proximity to excellent retail, prestigious Doctor Phillips address, outstanding lake views and superior school district distinguish the project from competitive offerings.”