Joint venture in South Florida set to build 288-unit apartment complex near Daytona

EDEN Multifamily and Ghitis Property Company expect to break ground in June for garden-style, lake-front apartments in Port Orange.

UPDATED April 29, 4:40 p.m.: Two South Florida real estate development companies formed a joint venture to build a 288-unit apartment complex near Daytona Beach.

The developers are EDEN Multifamily, led by Jay Massirman and Jay Jacobson, and Ghitis Property Company, headed by former Trammel Crow Company partner Leo Ghitis.

They plan to build a lakefront apartment complex called EDEN Crystal Lake in Port Orange, a city just south of Daytona Beach.

EDEN Multifamily and Ghitis Property are preparing to break ground in June for 288 garden-style apartments on a 19.5-acre development site next to a 38-acre lake. The developers recently won approval of their site plan.

The Real Deal Article: Ghitis Property Company | EDEN Multifamily | Daytona Beach (therealdeal.com)