Hedrick Brothers Development has locked in a $56.5 million construction loan and is pushing The Hedrick at Lake Toho into full vertical construction in Kissimmee, setting the stage for one of the area's larger new rental communities. The project will deliver 366 Class A apartments across roughly 21.7 acres along Toho Grande Boulevard, with initial leasing targeted by the end of 2027 and full buildout anticipated by late 2028. The community is aimed at renters who want a quick shot to the John Young Parkway corridor and nearby job centers.
Project Team and Site
Hedrick Brothers Construction is on deck as general contractor, with Scott + Cormia leading architecture, Kimley‑Horn handling civil engineering, Innovations Design Group crafting the landscaping, and Design Environments overseeing interior design. The 21.7‑acre site sits along Toho Grande Boulevard near the John Young Parkway corridor, putting future residents within easy reach of Downtown Kissimmee and Interstate 4. These details are as reported by Florida YIMBY.
Amenities and Unit Mix
The Hedrick is planned for a mix of one‑, two‑, and three‑bedroom floorplans, paired with a resort‑style amenity slate that tries hard to earn that Class A label. Residents can expect a pool with cabanas and a fire pit, a clubhouse that combines coworking and gaming spaces, pickleball courts, a yoga lawn, a dog park with pet‑wash stations, EV charging and private garages. The package is designed to capture demand from households working across Central Florida and looking for new construction with extras built in. These features were outlined by CityBiz.
Developer's Take and Local Pipeline
"Securing construction financing is a significant milestone that allows us to bring our vision for The Hedrick at Lake Toho Apartments to life," Hedrick Brothers Development president Burk Hedrick said in a company release. The loan follows the developer's recent push into Central Florida, including a $106 million multifamily community that broke ground last year in Orlando's Baldwin Park and the 22‑acre Edon Park plan in Kissimmee in partnership with Capstrata Group. The quote appeared in a press release via EIN Presswire, and the firm's news page summarizes its broader regional pipeline.
Why It Matters for Kissimmee
The Hedrick brings institutional capital and fresh rental density to a Lake Toho corridor that has been steadily climbing the development radar. As Kissimmee and Osceola County continue to absorb population and job growth, new multifamily projects along key routes help absorb demand from residents who want housing near transit links and employment hubs. The Orlando Business Journal highlighted the mounting developer interest in Lake Toho and downtown Kissimmee earlier this year.
With construction financing now secured, site work is expected to give way to vertical construction, with the developer still eyeing late 2027 for initial leasing. For renderings and the project's construction timeline, see the developer's press release via EIN Presswire and coverage by Florida YIMBY.
