Parkway, in partnership with Silverpeak and Everest Equity Group, has acquired 22 acres in Lake Nona for $15 million. The purchase paves the way for Bennett Place, a $120 million mixed-use development located just minutes from Orlando International Airport.
Bennett Place is planned to deliver 350 multifamily units, three separate 1-acre ground lease pads, and 6,000 square feet of in-line retail. The retail development will be led by Jett Development, while Alexander Investments will oversee the multifamily component.
“This marks our third multifamily project with Silverpeak, following The Helix in Lake Mary and Skyline at Westfall Station in Clermont. Each project reflects our approach: experienced teams, clear targets, and a focus on evolving markets throughout the Sunbelt,” said Jim Heistand, Parkway Chairman. “With Bennett Place, we’re matching scale with market demand, driven by strong job growth along this corridor.”
Located at 14831 Boggy Creek Road, the site offers direct access to Lake Nona’s growing workforce and surrounding neighborhoods, providing a strategic advantage for both tenants and retailers.
The multifamily community will offer a mix of units ranging in size from 800 to 1,700 square feet, with variations of one, two, and three-bedroom floor plans. The community will feature an oversized resort-style swimming pool, a 24/7 state-of-the-art fitness center, a golf and sports simulator room, pet spa and thoughtfully designed dog park, coworking spaces including conference room and individual work offices, a grab-and-go convenience market, package lockers, plus a full suite of social and outdoor spaces designed for relaxation and connection.
Retail leasing has advanced significantly, with 75% of available space in active lease negotiations with recognized national and regional brands. “We’re seeing strong demand at Bennett Place and are curating a mix of tenants that will add convenience and variety to the Lake Nona community,” said Genny Hall, Principal at Jett Retail Development. “A select number of high-visibility opportunities remain for those looking to establish a presence in one of the area’s premier growth corridors.”
General contractor selection is underway, and vertical construction is targeted to begin in March 2026.
Project Team
Sponsor Developer: Parkway, Silverpeak, Everest Equity Group LLC
Retail Development: Jett Retail Development
Multifamily Development: Alexander Investments
Retail Architect: LIS
Multifamily Architect: Cormia Design Group
Civil Engineer: Kimley-Horn
About Parkway
Headquartered in Orlando, Florida, Parkway is a privately held real estate investment firm specializing in office, industrial, and multifamily assets in high-growth Sunbelt markets. With a legacy of success spanning decades, Parkway has acquired over $4 billion in diversified assets and continues to deliver exceptional results through its comprehensive, full-service platform. For more information, visit www.pky.com.
About Silverpeak
Silverpeak Real Estate Partners is a US-focused real estate investment firm specializing in the acquisition and management of real estate investments across various funds, joint ventures, and separate accounts. Since inception in 2010, Silverpeak and its investment partners have acquired approximately 300 investments totaling more than $23 billion in gross asset value across property types and U.S. geographies. Investments include direct property, platforms and real estate companies, as well as development opportunities alongside experienced partners.
Further information is available at www.silverpeak.com.
About Jett Retail Development
JETT Retail Development specializes in ground-up retail development and strategic consulting, delivering high-impact retail destinations that drive value for landowners, investors, and tenants. With deep industry expertise and a concierge-style approach, JETT creates high-performing, triple-net (NNN) outparcels that meet the evolving needs of today’s retail market. Founded by Amy McCook and Genny Hall, two experienced leaders in retail development, who have successfully delivered projects for some of the nation’s strongest brands.
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