Fitting industrial properties into densely developed cities can bring challenges from municipal governments, residents and other businesses.
This is what makes Edgewood Park of Commerce such an achievement. The 565,600-square-foot small bay infill project sits on 41 acres tucked into an active commercial and residential neighborhood.
Developer Foundry Commercial had to first convince the city of Edgewood, a small but heavily trafficked community in the southern Orlando metropolitan area, that small bay industrial was the highest and best use for the property. That involved mitigation efforts that included sound-dampening walls separating EPOC from the surrounding residential subdivisions, moving truck service to the interior of the property and a $2 million tree and landscape beautification program, a record for the city.
The six-building campus at 4881 S. Orange Blossom Trail also shares its space with legacy manufacturer Randall Knives. The buildings were thoughtfully designed and spaced so as not to interfere with Randall’s ongoing operations.
The development team’s willingness to navigate political, regulatory and design challenges ultimately turned perceived risk into durable value.
It’s a blueprint for how cities can integrate essential logistics and service infrastructure without sacrificing neighborhood quality of life, which is one of the reasons why it earned a CoStar Impact Award, as judged by a panel of regional real estate experts.
About the project: The buildings were designed to be scaled, articulated and finished with a deliberate color palette and strategy to reduce visual bulk. Dark-sky lighting standards were adopted to limit nighttime glare.
What the judges said: “The commitment of the stakeholders to acquire industrial entitlements took foresight and filled a market need,” said Laura Carroll, real estate division manager for the city of Orlando. “The challenge of making the project work next to residential took innovative thinking.”
“The ‘whole platform’ collaboration of Foundry, along with the complicated entitlements and development execution, make this a stand-out,” Trey Vick, CEO of V3 Capital Group LLC, said.
They made it happen: Foundry Commercial managing director and principal Moses Salcido, senior vice presidents Lawson Dann and Joey Woodman, and vice president Travis Hammond helmed the project.