Orlando-based Real Estate Inverlad Development (REID) has secured a multi-million-dollar construction loan for a mixed-use development in its home city. The project is called The Yard at Brookhaven, and construction started in March 2025. It’s anticipated to take 28 months to complete, meaning the first residents could move in 2027.
Berkadia has offered REID a three-year, adjustable-rate construction loan totaling $61.26 million to help fund the project. The venture is set to measure seven stories above grade and comprise 293,000 square feet of new construction – 19,000 of which will be commercial space.
The community would offer both residences and commercial space. Image by Baker Barrios
The project will feature 265 residences, where residents would have access to various on-site amenities. These offerings include an elevated pool deck with a fitness lawn, outdoor dining areas, and barbeque stations. Additionally, there will be a ground-level dog park, a residents-only lounge, and a 500-spot covered parking garage.
Catalyst Design Group (which designed the project’s streetscape) notes that plans for The Yard at Brookhaven also call for a .35-acre public park that would be dedicated to the city of Orlando. The park will host a 3,600-square-foot restaurant and bar.
The Yard at Brookhaven is set for the four-acre site at 503 Brookhaven Drive, Orlando, Florida, 32803, in Orange County.
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