Centennial Bank has closed on a $168 million construction loan to finance Phases II and III of Glasshouse, a luxury multifamily development within O-Town West in Orlando by Unicorp National Developments, Inc. Located at 11804 Glass House Lane, the project will encompass more than 900 residences across three five-story buildings, with the newly financed phases delivering 591 units and building upon the 309 units completed in Phase I, which is already more than 90 percent leased. Construction for Phases II and III is set to begin this month, with completion anticipated within 30 months. The new financing brings the cumulative lending relationship between Centennial Bank and Unicorp to over $1 billion, marking a decade-long partnership characterized by consistent collaboration and delivery.
Credit: Unicorp National Developments, Inc.
The community’s amenity program features a 30,000-square-foot clubhouse with an on-site restaurant and delivery service, a resort-style pool deck complete with cabanas, Jacuzzis, and an entertainment lawn, as well as a Lakehouse equipped with an outdoor kitchen and gathering areas. Additional offerings include firepits, grilling stations, and an Innovation Garden. Wellness-focused amenities feature a two-story fitness center, aerobics studio, spa, steam room, sauna, and walking trail with outdoor fitness stations. Residents will also have access to a game room and lounge, a virtual reality gaming area, a kids’ playroom, and a professional business lounge with conference facilities.
Credit: Unicorp National Developments, Inc.
O-Town West, the 350-acre master-planned community that houses Glasshouse, is situated on the west side of I-4 in southwest Orlando. The master plan integrates four commercial centers, curated retail, more than 1,296 multifamily residences across Glasshouse and The Bentley, and a state-of-the-art entertainment center. The development emphasizes walkability, lifestyle, and connectivity, blending residential, retail, and cultural experiences designed to serve both residents and the broader Orlando community.
Credit: Unicorp National Developments, Inc.
Unicorp, led by President and CEO Chuck Whittall, is among the region’s most active developers, with a portfolio that spans residential, retail, hospitality, and mixed-use projects across the Southeast. The Glasshouse project represents a key component of Unicorp’s long-term vision for O-Town West.
Credit: Unicorp National Developments, Inc.
“We really appreciate our relationship with Centennial Bank. They are a bank that certainly banks customers and they’ve always been there for us in turbulent times. Whether the market is good or bad, they have been there to lend for us, and we are grateful for the relationship,” said Whittall. “Robby Barrows, Kevin Hester, and all the way up to the top of management have been involved in our relationship and have been a great partner.”
Glasshouse Phase 1. Credit: Unicorp National Developments, Inc.
The loan was led by Robby Barrows, Senior Vice President of Commercial Banking at Centennial Bank, who has worked closely with Unicorp on multiple financings. With Phase I now stabilized and the subsequent two phases set to begin construction, Glasshouse Apartments continues to advance as one of Orlando’s largest and most ambitious multifamily developments.
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