A rendering of the EDEN Crystal Lake development in Port Orange, FL.
PORT ORANGE, FL—A joint venture of EDEN Multifamily and Ghitis Property Co. say they will begin construction on a luxury 288 garden-style apartment project in this Daytona Beach suburb.
The EDEN Crystal Lake project in Port Orange, which a spokesman for the development team told Globest.com is valued at approximately $47 million, is expected to break ground in June. The development site totals 19.5 acres at 1270 Reed Canal Road in Volusia County. The joint venture recently secured site plan approval for the project.
“It is exciting to embark on this project with Ghitis Property Company, a developer with an impeccable track record and industry reputation,” says Jay Jacobson, president of EDEN. “Everyone involved is bullish about the location of the project site and upside of the Port Orange submarket.”
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
