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55 <br />Parcel M, across from the public park and in the <br />heart of Creative Village, will be developed as the <br />first market rate mixed-use apartment building. <br />It is intended to appeal to the person who wants to <br />live in a vibrant community of high-tech companies <br />and creative learning. It will not be student housing, <br />but it will be a place where serious students and <br />other residents can live close to the UCF/Valencia <br />Downtown Campus while offering sophisticated <br />amenities unavailable in other projects. <br />We expect the lease-up of our apartments to be substantially completed before we open our doors, and to achieve occupancies at or near 100% for each year after that. <br />The Food Hall will be an amenity that is open to the <br />neighborhood, but also offers exclusive areas for the <br />use of the building's residents. It will provide indoor <br />and outdoor places to eat and socialize; it will be <br />a gathering place. The interior of the building will <br />feature collaboration spaces on every floor, where <br />people can meet to work, study and socialize. <br />Recreational amenities such as a rooftop swimming <br />pool, amenity deck and clubhouse, as well as a <br />state-of-the-art fitness center, will be vibrant and <br />distinguishing features of the property. <br />A variety of floorplans will appeal to our large market. <br />Distinctive architecture and design will establish <br />a market-leading identity. In addition to strong <br />market fundamentals in Downtown Orlando, what <br />makes this opportunity unique is the built-in <br />demand created by the UCF/Valencia Downtown <br />Campus. In August 2019 they will open their new <br />classrooms to 7,700 students. We intend to deliver <br />our property a year later, in the summer of 2020. <br />01 EXECUTIVE SUMMARY / VALUE PROPOSITION WITHIN MASTER DEVELOPMENT <br />Conceptual rendering of Creative Village Apartments