EXECUTIVE Summary
- EMBREY closed on land and construction financing for Boggy Creek, a 300-unit, Class A luxury multifamily community within the Lake Nona corridor of Osceola County, Florida. Boggy Creek is EMBREY’s sixth development in Orlando, and 16th overall in Florida.
- Construction for Boggy Creek is currently underway, with first occupancies anticipated in early 2027. The project was led by EMBREY CIO Garrett Karam and SVP of Development Andy Swadel. Andy Swadel joined EMBREY in 2022 to lead development initiatives and expand the firm’s Central Florida presence.
- For more information on the state of the multifamily market in Orlando, read EMBREY’s report on economic diversity and multifamily impact in the submarket, and visit EMBREY Insights for additional reporting on the multifamily market as a whole.
EMBREY, a vertically integrated real estate investment company based in San Antonio, Texas, today announced it has closed on the land and construction financing for Boggy Creek, its latest Class A multifamily development located at the southwest corner of Simpson Road and Boggy Creek Road in Osceola County, within the growing Lake Nona corridor.
The 13.25-acre, three-story garden-style community will deliver 300 luxury apartment homes in one of Florida’s most dynamic and fast-growing markets. Boggy Creek represents EMBREY’s sixth development in Orlando and its 16th overall in Florida since first entering the state in the 1980s.
“Lake Nona’s continued growth and economic diversity make it an exciting market for EMBREY,” said Andy Swadel, senior vice president of development for EMBREY. “Boggy Creek embodies our ongoing commitment to creating exceptional residential communities in high-opportunity locations. Our team is proud to expand EMBREY’s Florida portfolio with a project that brings thoughtful design, quality, and enduring value to the area.”
Located near Orlando International Airport and Lake Nona Medical City, Boggy Creek offers residents proximity to major employers and access to expanding retail developments, including a Publix-anchored center and a Target-anchored lifestyle center currently under construction. The development will feature upscale unit finishes such as granite countertops, stainless steel appliances, wood-style flooring, and walk-in closets, as well as detached garages and full-size washers and dryers. Community amenities will include a resort-style pool, private cabanas, clubhouse and business center with private workspaces, game room, fitness center, dog park, outdoor kitchen and grilling areas, and walking trails.
Construction on Boggy Creek will begin immediately with first occupancies anticipated in early 2027.
Financing for the project was provided by PCCP, LLC. The transaction was led by Garrett Karam, EMBREY’s chief investment officer, and Andy Swadel, senior vice president of development.
Boggy Creek joins EMBREY’s expanding portfolio of Class A developments across the Southeast, reflecting the company’s strategic focus on growth markets that combine economic vitality, population expansion, and quality of life.
FAQs
Q: What is Boggy Creek in Orlando, Florida?
A: Boggy Creek is a 300-unit, Class A luxury multifamily community developed by EMBREY at the southwest corner of Simpson Road and Boggy Creek Road in Osceola County, within Lake Nona. The three-story, garden-style community features upscale interiors, a resort-style pool, a clubhouse, a business center with private workspaces, a dog park, and walking trails.
Q: Why is Lake Nona an attractive market for multifamily development?
A: Lake Nona is a fast-growing corridor in Florida, anchored by its proximity to Orlando International Airport and Lake Nona Medical City, with expanding retail opportunities and employment fundamentals.
Q: How long has EMBREY developed property in Florida?
A: EMBREY has been active in Florida since the 1980s, with Boggy Creek representing its 16th development in the state and sixth in the Orlando market. EMBREY’s Central Florida expansion is led by Andy Swadel, Senior Vice President of Development. For more information regarding EMBREY’s current developments in Florida, visit EMBREY’s Florida portfolio.
About EMBREY
EMBREY is a vertically integrated, partner-led real estate investment company that develops, invests, builds, acquires, and manages multifamily and commercial assets. Since 1974, family-owned EMBREY has developed more than 50,000 apartments and over 6 million square feet of commercial property in Texas, Arizona, Colorado, Florida, North Carolina, and Tennessee. San Antonio-based EMBREY is a leading developer in the multifamily sector, with more than 6,000 units under construction or in development. www.embrey.com
