Today, GreenBarn Investment Group and Skyview Companies announced the launch of the first phase of a 20-acre development project in Kissimmee, FL. This includes an approximately eight-acre land parcel acquisition as well as a $52.7 million construction loan from Sumitomo Mitsui Trust Bank. The project is to be named “The Allen” and will be co-developed by GreenBarn and Skyview with NTT Urban Development Corporation and Rithm Capital Corp., an affiliate of GreenBarn, investing in it.
Located downtown in the Medical Arts District, The Allen will consist of 312 apartment units within walking distance to retail shops as well as Kissimmee lakefront. A public-private partnership was formed with the city following a competitive bidding process for this development opportunity.
Plans are currently being made for developing remaining land onsite which could total up to one million square feet when complete..
