Hedrick Brothers Development has obtained a $56.5 million construction loan to advance The Hedrick at Lake Toho, a planned 366-unit luxury multifamily community in Kissimmee. The project is slated to rise along Toho Grande Boulevard and is positioned to add new rental housing options in a rapidly growing corridor.
Planned on approximately 21.7 acres, The Hedrick at Lake Toho will deliver a mix of one-, two- and three-bedroom residences. The unit mix is designed to accommodate a range of household sizes, from single renters to larger households seeking additional space within a single community. While the project remains in the development phase, the current schedule calls for initial leasing to commence by the end of 2027, with full project completion targeted for the end of 2028.
The community is expected to offer a broad suite of amenities centered around resident lifestyle and convenience. Plans call for a resort-style pool with cabanas and a fire pit, providing outdoor gathering and relaxation areas. A clubhouse will incorporate coworking space and gaming areas, reflecting increased demand for flexible work and social environments within multifamily properties.
Additional outdoor recreation and wellness features are included in the design, such as pickleball courts and a yoga lawn. Pet-focused amenities, including a dog park and pet wash stations, are planned to support residents with companion animals. The property will also incorporate EV charging infrastructure and private garages, addressing both transportation needs and storage preferences for future residents.
A key differentiator for The Hedrick at Lake Toho is its proximity to Lake Tohopekaliga and nearby trail systems, offering direct access to waterfront and outdoor recreation. The site is positioned along the John Young Parkway corridor, which links the community to a range of employment, transportation and lifestyle destinations across the region.
From a connectivity standpoint, residents are expected to have convenient access to Downtown Kissimmee, Interstate 4, Orlando International Airport and Lake Nona’s innovation district, as well as other major employment centers in Central Florida. This locational context aligns the project with established job nodes and transportation infrastructure, which are critical considerations for prospective renters and capital providers alike.
The Kissimmee development is part of a broader multifamily pipeline for the company. In 2025, Hedrick Brothers Development secured a separate loan and began construction on a $106 million multifamily community in Orlando’s Baldwin Park submarket. That earlier project underscores the firm’s continued activity in the Central Florida rental housing market and illustrates an ongoing commitment to large-scale multifamily development in the region.
Taken together, these projects highlight sustained investor and lender interest in ground-up multifamily communities tied to major employment corridors and regional transportation connections. The Hedrick at Lake Toho adds another sizable community to that pipeline and extends new rental product into a corridor with direct links to both Downtown Kissimmee and the broader Orlando area.
