Hedrick Brothers Secures Loan for 366-Unit Kissimmee Rental Community
Hedrick Brothers Development secured a $56.5 million construction loan for The Hedrick at Lake Toho, a 366-unit luxury multifamily community planned along Toho Grande Boulevard in Kissimmee.
Located on approximately 21.7 acres, The Hedrick at Lake Toho will feature a mix of one-, two- and three-bedroom residences. Initial leasing is expected at the end of 2027, with full completion by the end of 2028.
Planned amenities include a pool with cabanas and fire pit, clubhouse with coworking and gaming spaces, pickleball courts, a yoga lawn, dog park, pet wash stations, EV charging, private garages, and convenient access to Lake Tohopekaliga and surrounding trail systems.
Positioned along the John Young Parkway corridor, the development will provide residents with convenient access to Downtown Kissimmee, Interstate 4, Orlando International Airport, Lake Nona’s innovation district and many of Central Florida’s major employment centers.
In 2025, the company secured a loan and broke ground on a $106 million multifamily community in Orlando’s Baldwin Park submarket.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout