Kislak Organization, Courtelis Company and HMG/Courtland Properties Partner
May 20, 2015
Miami and Orlando, Fla. – The Kislak Organization, Courtelis Company and HMG/Courtland Properties break ground in Orlando Tuesday, May 26, 2015, on Murano, a luxury apartment home community. The collaboration of the three powerhouse South Florida companies brings a wealth of expertise, experience and resources to the $33.6 million project, which is scheduled for completion in summer 2016. Wells Fargo provided the construction financing.
Principals leading the project are Thomas Bartelmo, president and CEO, for Kislak; Elias Vassilaros, president, development and asset management services, for Courtelis; and Maurice Wiener, chairman of the board of directors, president and CEO of HMG/Courtland Properties.
“We have done our homework and it is clear Orlando’s high demand for high-quality multifamily living is going to continue,” said Bartelmo. “Murano is designed to provide residents with high-end conveniences and comfort, and when you add in great proximity and access to key employment and entertainment destinations, you know you have a terrific investment.”
Murano was designed by Forum Architecture and Interior Design, and Roger B. Kennedy, Inc., has been hired as the general contractor. Both firms have extensive multifamily experience.
“Like Courtelis, Kislak and HMG/Courtland, the teams at Forum Architecture and Roger B. Kennedy, Inc., have long-standing reputations for excellence and unwavering commitments to quality,” said Vassilaros. “We know they will help us create a community people will be eager to call home.”
A best-in-class garden-style community, the 240‑unit Murano is being built on a 9.53‑acre site at the southeast corner of John Young Parkway and Taft‑Vineland Road in metro Orlando. Its three four‑story buildings feature one-, two- and three‑bedroom floor plans and luxury amenities.
The property’s central Orlando location near multiple regional road networks provides easy access to Darden Corporate Headquarters and its 5,800 employees; South Park Center, a 2.9 million‑square‑foot office park with 6,000 employees; the World Design Center, a 206‑acre project with 4.5 million square feet entitled for office and industrial use; SeaWorld with 7,000 employees; the Orange County Convention Center, the second‑largest in the United States; and many other large employment, shopping and entertainment centers.
“The leadership teams of these three companies have known, collaborated and consulted with each other for years,” said Wiener. “It is exciting to bring everyone together for this new endeavor, which we hope will be the first of many multifamily projects throughout Florida.”
About The Kislak Organization
Established in 1906, the privately held Kislak Organization is based in Miami, Florida. Its primary lines of business are multifamily property ownership and management, multifamily and commercial real estate brokerage in the Northeast, and tax certificate investment funds. The organization invests and operates nationwide on behalf of the Kislak family and its partners.
About Courtelis Company
Courtelis Company was founded in 1963 and is headquartered in Miami, Florida. It offers full-service real estate development and asset management services, including site selection, master planning, commercial and residential development, leasing, property management, construction and disposition. The company is involved in projects throughout Florida.
About HMG/Courtland Properties, Inc.
Founded in 1971, HMG/Courtland Properties, Inc., is based in Miami, Florida. The company, along with its subsidiaries, has owned and developed a variety of commercial real estate properties, including hotels, recreational clubs, retail stores and yacht slips.