By Jim Carchidi
August 17, 2026
Funding agreements are in place for a downtown St. Cloud mixed-use project, set to add up to 500 parking spaces, 120 residential units, and 15,000 square feet of commercial space.
Details and concerns
The concept, tentatively named City Center at St. Cloud, was submitted by Atlantic Housing Partners for a public-private partnership to develop 2.83 acres of city-owned property by the corner of Massachusetts Avenue and 10th Street. The project previously came under fire from residents concerned about preserving small-town character amid growth and increasing density. According to an Osceola News Gazette report, City Council addressed the issue in a May meeting, stating commercial projects were necessary for expanding tax-based income for infrastructure and capital projects while avoiding tax increases for residents.
Funding concerns were also spurred by the public-private nature of the development partnership, which states a portion of the estimated $60 million price tag will come from the Community Redevelopment Agency.
“The CRA’s specific purpose is to redevelop properties to build the tax base for our city, and that’s exactly what this project is doing,” said Council Member Kolby Urban during the May meeting.
A funding agreement approved on Aug. 6 states the CRA will contribute $6.25 million to the project while the city will put $460,000 toward the cost of the affordable housing units. The rest of the project will be funded by the developer.
Two buildings, 120 apartments
According to the master plan, residential units and commercial space would be divided between two 4-story buildings: one fronting Massachusetts Avenue and the other by 10th Street. Residential unit distribution would be as follows:
Building 1: 90 units
1 bed: 33 units
2 bed: 44 units
3 bed: 13 units
Building 2: 30 units
Studio: 15 units
1 bed: 3 units
2 bed: 12 units
About half of the units will be designated for residents earning up to 120% of the median income while the remainder will be earmarked for residents earning 30%, 60% and 80% of the median income.
Parking and timelines
A neighboring 5-story parking garage will house between 450-500 spaces. Of that number, 250 will be reserved for residents with the rest open for public parking.
Garage construction is expected to begin early in 2027 with the two mixed-use buildings starting shortly after. The project is expected to be complete in 2029.
Sponsor: The Orlando Real is sponsored by the Pozek Group — the #1 real estate team in Orlando and the Official Real Estate Team of the Orlando Magic.
About the Author
Jim Carchidi is an Orlando journalist and photographer with previous work at the Orlando Sentinel and Orlando Business Journal. He covers development, arts, culture, and local stories for The Orlando Real.
Enjoy this blog post? Click here to subscribe for updates
Leave A Comment