Developers say new project will radically transform 10-acre property

Behind a combination of federal and local incentives, a 305-unit multifamily project, what developers say will “radically transform a 10-acre property on the fringe of downtown Lakeland,” is underway.

Construction of the project, dubbed Mirrorton, began in the fourth quarter last year, according to the Framework Group, the Tampa-based developer. More recently, multifamily lending giant Walker & Dunlop signed on to the project, with $50.21 million in financing. Framework Group’s other projects in the region include 500 Harbour Island, Novus and Varela, all in Tampa, and Arcos in Sarasota.