A St. Augustine-based private real estate investment firm, DLP Capital, is breaking ground on a 280-unit multi-family apartment project in Central Florida.
The firm expects the development, called Westwood at Winter Haven, to be completed by late 2024. A press release said DLP Capital will now have more than 2,400 multi-family units across Florida. This extends to Winter Haven, which is situated near I-4, and is the home ofDLP Capital CEO Don Wenner mentioned the affordable housing crisis and the potential for growth in Winter Haven.
“Winter Haven attracts not only tourism, but leading Fortune 500 companies as well, with robust job growth expected over the next decade,” Wenner said. “As job growth places increased pressure on multifamily availability in the near future, we’ll be ready to step in and deliver 280 quality units to area residents. As we expand in Florida, DLP Capital will continue to focus on providing affordable rental solutions to area workforces.