Dallas-based multifamily and mixed-use community developer StreetLights Residential has announced both its expansion into Florida and the opening of its new regional office in Orlando. This office will be the third Southeastern expansion site for StreetLights, after Atlanta and Nashville, Tenn., and the seventh new StreetLights market outside of Dallas.
StreetLights specializes in New Urbanist–style apartment and mixed-use developments, with a focus on building luxury communities. The developer has chosen Florida for its latest expansion effort on account of the state's strong economy and high demand for multifamily properties.
“Over the last two years, StreetLights has been expanding throughout the southern half of the United States, with new offices from San Diego to Orlando. We are excited about our growth and are looking forward to exciting opportunities in Orlando,” said Tom Bakewell, StreetLights’ president of development, in a statement.
Edward Wood will lead the new office and, as senior vice president of development, will be responsible for StreetLights’ new multifamily development activity in Orlando. Before joining StreetLights, Wood was president of Concord Management, a large, privately owned affordable housing firm, for seven years. Before that, he spent 17 years at Trammell Crow Residential (TCR), where he worked in multifamily development, acquisitions, and property management.
Wood’s titles at TCR included managing director of North Florida, president of the Southeast U.S. region, and president of the Florida region. He is a member of the Urban Land Institute, a former regional board member of Apartment Life, and a former member of TCR's board of directors.
“I have built my career in Florida, and I am looking forward to continuing that by leading a new market for StreetLights," Wood said in a press release. "Florida is a growing state and StreetLights will fit right in.”