New Construction Projects in Lake Mary, Florida

Project 1: Lake Mary Technology Center

• Developer: Chesterfield LLC (partnering with Graham & Company)
• Location: Along the I-4 corridor, Lake Mary, FL
• Type: Commercial (Industrial Flex)
• Units/Size: 238,000 sq ft across four buildings (sizes ranging from ~53,440 to 71,293 sq ft each)
• Status: Under Construction
• Expected Completion: End of 2026
• Description: Flex industrial park designed for warehouse, lab, or office uses (25-ft clear heights, ESFR fire suppression, etc.). First new flex development in Lake Mary in more than 25 years; spaces available for sale or lease.[1]

Project 2: Azalea Lake Mary

• Developer: ZOM Living, Mattoni Investments, and The Wideman Co. (Verdex Construction as GC)
• Location: 1340 Azalea Reserve Loop, Lake Mary, FL 32771
• Type: Residential (55+ Senior Independent Living)
• Units/Size: 178 units (110 one-bedroom, 68 two-bedroom; average ~935 sq ft)
• Status: Under Construction
• Expected Completion: Early 2027
• Description: Four-story community with in-unit features like quartz countertops, private balconies/patios, and stainless-steel appliances; plus 7,500+ sq ft of indoor amenities (fitness center, game room, multi-purpose room) and outdoor amenities (resort-style pool, event lawn, grilling stations). Adjacent retail component (Market at Mary) adds ~13,086 sq ft of commercial space.[2]

Project 3: Crystal Lake Luxury Condos

• Developer: Dr. Lois Somerville (Ohana Custom Homes as general contractor)
• Location: W Wilbur Ave / Fourth St area, downtown Lake Mary, FL (e.g., addresses around 131–149 W Wilbur Ave)
• Type: Residential (Luxury Condominiums)
• Units/Size: 18 total units across four two-story buildings (10 three-bedroom/two-bath, 8 two-bedroom/two-bath; ~1,103–1,396 sq ft each)
• Status: Pre-construction / Site development and demolition underway; groundbreaking expected late 2025/early 2026; pre-sales active with some Phase 1 deliveries targeted for July 2026
• Expected Completion: Phased starting 2026
• Description: Boutique, low-maintenance luxury condo complex in downtown Lake Mary, emphasizing energy-efficient new construction, modern finishes, and proximity to shops, dining, and amenities (low HOA of $285/month).[3]

Additional notes: - A proposed mixed-use project called Piedmont Townpark (Eastwind Development LLC and Konover South) on ~18.4 acres along International Parkway was in pre-application stage as of late 2025, with plans for ~307 multifamily units plus retail (including a gym and grocery store). It remains in planning/approval as of available information.[4] - Limited public details are available on additional smaller-scale medical office or other projects (e.g., Alhambra Medical Park or Lake Mary Exchange). Ongoing new single-family home construction exists in communities like Fontaine by Toll Brothers, but these are not large-scale master-planned projects. - No other major verifiable new construction projects meeting the criteria were identified.