Capstone Building Corp has started construction on The Gateway, a 270-unit luxury apartment development in Orlando with about 417,000 square feet of residential, parking, and amenity space. JBL Asset Management is the developer.
Project Scope
The Gateway is a ground-up multifamily community with structured parking and a full amenity package, the format that dominates new rental construction in Sun Belt metros. Capstone, a multifamily specialist, is general contractor. The 417,000-square-foot figure covers apartments, garage, and shared spaces rather than net leasable area, which is typical for how these projects get measured at groundbreaking. The build lands as Orlando developers secured financing for more than 700 units across the metro this summer, a sign that lenders are still writing multifamily loans in Central Florida even as they pull back in weaker markets.
Why It Matters
Orlando keeps adding people faster than it adds housing, and job growth in tourism, health care, and tech has kept rental demand firm. Multifamily starts nationally have leaned almost entirely on this kind of Sun Belt project, where population math still pencils out for lenders. The Gateway is a straightforward read on that trend: a developer and a specialist contractor betting that a well-located, amenity-heavy community leases up in a metro that hasn’t stopped growing. Delivery in 2028 would put units on the market as the current construction slowdown thins out the competing pipeline.
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Project Team & Details
| Developer | JBL Asset Management |
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| General Contractor | Capstone Building Corp |
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| Status | Under Construction |
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| Funding Source | Private |
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