MMI Development: $101M worth of apartment projects planned in C. Fla.

A Northeast Ohio developer finalized a deal this week to bring new Class A apartment complexes in Central Florida. NM Residential plans to invest a total of $101 million into two projects: The 272-unit Marden Ridge complex in Apopka and the 315-unit Maitland West community in Maitland. NM Residential has retained Winter Park-based MMI Development Inc. as the developer for both projects. Projects that size would create at least 1,000 temporary construction jobs while also bringing new rental homes...