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Sunday, March 3, 2024

102-apartment development projects $30 million economic impact in downtown Ocala

The Lamplighter Legacy Apartments, which will bring 102 multi-family units for rent to downtown Ocala, will impact the city to the tune of $30 million.

The complex, which was approved by the Ocala City Council earlier this year, was one of the many topics that City Manager Sandra Wilson addressed during a “State of the City” presentation to business owners and staff.

Lamplighter Legacy Apartments presented by Ocala City Manager Sandra Wilson
Ocala City Manager Sandra Wilson speaks briefly about the Lamplighter Legacy Apartments coming to downtown Ocala

The $19.8 million investment will see a complete reshaping of the area, with the city partnering with the developer to improve utilities and infrastructure. According to Wilson, that includes the installation of underground electric systems, stormwater systems, and sidewalks.

The development is one of many that look to open locations in and around downtown Ocala. The Tuscawilla Artpartments are currently leasing their 1, 2, and 3-bedroom apartments located across from Tuscawilla Park.

One Fort King is hoping to build a dozen row homes in a space across from La Cuisine in downtown Ocala.

Watula South, which Wilson says is still “undergoing some refinement,” hopes to open an additional nine townhome units across from Ocala City Hall.