321 W Peachtree St, Lakeland, FL 33815

This 1.6-acre project consists of a fully permitted 90-unit urban infill development. The project includes a four-story, closed corridor building featuring one- and two-bedroom units, averaging 826 square feet, many of which overlook Lake Wire. The site also includes a two-tier parking deck and a secondary structure adjacent to a resort-style pool. Located in a Qualified Opportunity Zone (QOZ), capital gains invested in the project through a QOF will be deferred until 12/31/2026. Situated on Peachtree St., south of George Jenkins Blvd. and north of Lake Wire, residents will have access to Freedom Park and a track-like sidewalk surrounding Lake Wire. The location is also within walking distance of the new Bonnet Springs Park development, a 180-acre mixed-use area with plans for a children’s museum, botanical gardens, an anchor center with a restaurant, and other attractions. Plans include roughly 75,000 net rentable residential square feet and 10,000 square feet of common area space, including resident amenities. The finished product will include a highly amenitized four-story closed corridor building with an elevator. Finishes will be Class A and are expected to include quartz countertops, stainless steel appliances, wood-style plank flooring in the bedroom and living areas, keyless entry, and a resort-style pool. First-floor units will have direct exterior access, providing tenants immediate access to Lake Wire and downtown attractions. Sidewalks surrounding the site will be improved to enhance the walkability of the immediate area. The landscaping on the north side of Lake Wire will be enhanced to invite additional pedestrian traffic and create additional connectivity between downtown and Bonnet Springs Park. The project has been designed by Charlan Brock Architects and Langan Engineering, in partnership with Impact Development Management.