Green Mills Group Breaks Ground on Poinciana Parc, a New Affordable Housing Development for Seniors

Fort Lauderdale, Florida, April 08, 2025 (GLOBE NEWSWIRE) -- Green Mills Group has announced the official groundbreaking for Poinciana Parc, a new real-estate development that will serve seniors in Osceola County, FL. Having successfully closed financing in February 2025, the firm began construction in March. The property is located across from the Poinciana SunRail Station.

Poinciana Parc will be a $26 million, new-construction, mid-rise, affordable housing community in Osceola County that serves low-income seniors. Future residents of the 86-unit building will enjoy access to a fitness studio, business center, club/game room, 24-hour laundry room, pool, and on-site management/maintenance.

"We're excited to close financing and start construction on Poinciana Parc," says Mitchell Rosenstein, one of Green Mills' co-founders and principals. "Soon, 86 senior households in Osceola County, which is part of the Orlando/Kissimmee statistical area, will have new, fully-amenitized, professionally managed homes that are actually affordable. Poinciana Parc will be another great representation of Green Mills Group's commitment to providing best-in-class affordable communities throughout Florida."

Poinciana Parc was awarded a competitive 9% tax credit allocation from the Florida Housing Finance Corporation in May 2023. Additional funding is being provided by Green Mills Group, TD Bank, Raymond ...