
DEVELOPMENT PIPELINE
Tavares Manor Apartment Homes
Tavares, FL
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Class A, ground-up development of multifamily apartment community featuring 336 units
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Great location off US 441 and adjacent to Advent Waterman Hospital
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Seven 4-story, garden-style buildings with elevators
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Modern floor plans, upscale interiors, best-in-class amenities, and expansive green space
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Initial approval of project received in July 2022
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Height Variance approval received in September 2023
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Target construction kickoff: Q4 2024

472 & Minnesota
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45-acre mixed-use development site
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Acquired in January 2023 for $1.6 million
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Located ½ mile from I-4 intersection near the UF Halifax Health Medical Center and Amazon distribution facility
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Obtained agricultural exemption to reduce annual taxes to approximately $100
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Seeking entitlements for 300 multifamily units and over 50,000 sf of retail/restaurant/office space
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Excellent opportunity with an extremely low basis in the Orlando MSA


COMPLETED DEVELOPMENTS
THE TRIBUTE
Palm Coast, FL
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The Tribute was a 22-acre multifamily development site in Palm Coast, Florida (Daytona MSA) located directly of 1-95 and
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less than 1 mile from AdventHealth Palm Coast.
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Arazi Principals sourced the land off-market and completed all predevelopment items (including rezoning, comprehensiveplan amendment, and site plan & building plan approval).
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Arazi Principals secured construction financing from Valley Bank and equity from BCDC and were 30 days from closingwhen they were presented an offer for the shovel-ready site.
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After surveying market conditions and negotiating with Purchaser to obtain aggressive pricing and closing terms, AraziPrincipals decided to sell the Tribute site.

