Colonnade Park in Inverness

Artist rendering of Colonnade Park in Inverness

The new 106-unit affordable housing complex making up Colonnade Park in Inverness is accepting applications.

The $15 million project was developed by Fort Lauderdale-based Green Mills Group, which specializes in affordable housing projects and also built the 119-unit, affordable housing Forest Ridge apartments in Hernando.

Applicants interested in requesting a one- or two-bedroom apartment are asked to go to Forest Ridge apartments and work with management staff in filling out the applications, said Wendy Milenkevich, regional manager for Royal American Management, the management company for both the Colonnade Park and Forest Ridge apartment complex at 2757 N. Forest Ridge Blvd., Hernando.

The telephone number for staff accepting applications is 352-586-1710. Please make an appointment first, Milenkevich asked.

Once the application is completed with staff, it will take two or three days to approve and do a background check on the application.

Once approved, the application is assigned an apartment based on the applicant’s needs, she said.

The complex’s first of three buildings is slated to open October 23 and the second one month later and the third in December.

“It’s amazing,” Milenkevich said of the project. “We hope we can help a lot of people move in.” 

The development includes a clubhouse and gym by the swimming pool.

Mitch Rosenstein, one of the founders and the principal owner of Green Mills Group told the Chronicle earlier this year that he hopes the apartments to be fully leased by the first quarter of 2021.

He said thinks that’s a reasonable goal give how quickly Forest Ridge reached 100% occupancy in just a few months due to the local need for quality affordable housing.

The fair market rental costs for a one-bedroom apartment in Citrus County is $648 per month, according to RentData.org. The cost for a two-bedroom apartment is $854 per month, although costs vary throughout the county.

Colonnade Park’s prices vary based on income, but are considerably below those charges cited by RentData.org.

Contact Chronicle reporter Fred Hiers at fred.hiers@chronicleonline.com or 352-397-5914.