Multiple Major Student, Affordable Housing Projects Break Ground in Orlando, New York, Prince Albert

Two major student housing developments near the University of Central Florida (UCF) campus in Orlando are underway to accommodate the growing student population. Development Group Ventures and Castle Lanterra broke ground on a $95 million, 631-bed project featuring extensive amenities including a sky lounge, fitness facilities, and a UCF shuttle stop, with completion expected in summer 2027. Meanwhile, American Campus Communities (ACC) is developing an 898-bed, seven-story student housing community adjacent to its existing Plaza on University property, set to open for the Fall 2027 semester, offering studio to five-bedroom units and amenities such as a resort-style pool, outdoor kitchens, and fitness facilities. UCF's enrollment growth—now nearly 70,000 students, the third-largest nationwide—has driven a surge in residential developments, with ACC focusing on top-tier flagship institutions like UCF for its projects. Both developments emphasize modern living spaces and community features aimed at enhancing student life near the campus. These projects highlight ongoing investments in student housing infrastructure to meet increasing demand in the Orlando area.