Solstice-Van Alen is a two-property portfolio comprised of a 13.7-acre multifamily development site in Orlando, FL (Solstice) and a 6.2-acre mixed-use development site in Durham, North Carolina (Van Alen).
Solstice, a 309-unit apartment project, is adjacent to the Orlando Premium Outlets, a highly productive Simon-owned outlet mall. The property is located just off of I-4, allowing for easy access to major employment centers, including major theme parks such as Seaworld, Universal Studios and Disney World all within 10 miles of the site. The property was fully stabilized in December 2019.
Van Alen, a 418-unit residential development delivered in March 2019 and 240,000 SF office building, named 555 Magnum, completed in February 2020, is adjacent to the Durham Bulls minor league baseball stadium, the Durham Performing Arts Center and the American Tobacco District. The property is also adjacent to North Carolina Highway 147, allowing for easy access to Duke University and Research Triangle Park.
