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Alliance Residential Company Acquires 22.86 Acres to Build Prose Lakeland in Lakeland, FL

Alliance Residential Company
Alliance Residential Co. (PRNewsfoto/Alliance Residential Company)

Multifamily developer brings new apartment community to Polk County

LAKELAND, Fla. (July 8, 2022) – Alliance Residential Company, one of the largest multifamily developers in the nation, has closed on 22.86 acres of land located at 3830 Pipkin Creek Road in Lakeland for the development of Prose Lakeland. Developed in partnership with Valley National Bank and capital partners PCCP, the 391-unit apartment community is scheduled to welcome its first residents in late 2023. Prose Lakeland is among a collection of Alliance’s Prose-branded property debuts throughout Central Florida with a focus on building attainable apartment homes near high growth employment corridors.

Located midway between Orlando and Tampa, Polk County is the 4th largest county in the state and is well served by Interstate 4 and both US Highway 27 and State Road 60. Lakeland is a major employment hub, with top employers such as Amazon, GEICO, Rooms to Go, Publix, Southern Wine & Spirits, and Home Depot located nearby. Additionally, Lakeland Linder International Airport is located within convenient driving distance of the property, along with shopping centers, outdoor recreation, healthcare facilities, and schools.

The 391-unit Prose Lakeland is designed with 192 one-bedroom, 192 two-bedroom and 7 three-bedroom unit apartment home options ranging from 835 to 1,653 square feet. Units will feature 9-foot ceilings, 6-foot-8-inch doors, 36-inch cabinets, granite countertops, modern stainless-steel appliances, washer and dryer, and vinyl plank flooring throughout.

Community amenities will include a private clubroom with catering kitchen and entertainment lounge, business center with dedicated co-working spaces, parcel pending concierge package system, a resort-style pool with sun shelf seating, fitness center, onsite dog park, and Wi-Fi throughout social spaces.

“Alliance is committed to expanding access to quality living that serves the needs of Central Florida’s rapidly growing populations,” said Bobby Anderson, managing director for Alliance Residential Company. “Situated to provide access to major freeways and employers, Prose Lakeland will serve as a much-needed hub for this high growth area, offering highly sought-after finishes and amenities, while remaining affordable and accessible to a wide range of residents.”

There are currently eight Alliance Residential Company properties throughout Central Florida with three under construction and five scheduled to break ground in 2022.

About Prose

Prose is the nation’s first multifamily residential concept composed of entry-level Class A homes in rapidly expanding job corridors and lighter density communities. Dedicated to professionals seeking the convenience of residing close to major new employment centers, Prose tells the story of how sophistication meets quality of life and value. Prose is the newest brand from Alliance Residential Company, one of the largest and most active rental residential real estate developers in the United States. For more information, visit www.allresco.com.

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About the author

Meaghan Branham

Meaghan Branham is the managing editor for i4 Business, where she oversees the company’s digital media strategy, handles client relationship marketing for the print and digital magazines, and serves as one of the publication’s lead writers. A native of Brevard County, she splits her time between Central Florida and Nashville, Tennessee.

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